Global Healthcare IT Outsourcing Market By Applications, Outsourcing Market Dynamics & Outsourcing Market Geography Analysis Report Forecast – 2013 To 2021
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Outsourcing is an emerging phenomenon in the healthcare information technology market. Outsourcing has become a successful business model over the last years. It lightens a load of administration, accounting, procurement, logistics, and other tasks, and helps to develop cost- efficient business processes. Marred by the challenges of providing quality at an an affordable cost, the industry has been choosing to outsource IT solutions. Over the year trend of healthcare IT outsourcing has grown among the large pharmaceutical company and has now attracted mid-size companies. In some cases, the important application services such as CRM, EMR, and billing systems are outsourced while in other cases full information management system is outsourced. Every year healthcare industry generated a huge amount of data. To track electronically data regarding bills, medical records, electronic monitoring system and patient care, healthcare provider requires strong information technology infrastructure and devices such as servers, desktops, networks, personal digital assistants, and laptops. Maintaining IT infrastructure and service is a challenging task for healthcare providers and hence demand IT infrastructure is rising.
Global Healthcare IT Outsourcing Market Dynamics
The increase in healthcare infrastructure in developing nation will boost the market in the forecast period. Rising number of patient and increasing investment in healthcare infrastructure around the globe resulted in a a large number of healthcare administrative processes. Administration, IT infrastructure, and patient care are the core application area of healthcare IT infrastructure. The administration processes such patient care management, bills, and assets management further provide a boost to overall healthcare IT outsourcing. Further healthcare IT outsourcing is also expected to experience tremendous growth in the care management segment in the coming decade.
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Global Healthcare IT Outsourcing Market Segmentation
The global healthcare IT outsourcing market is segmented by its application and industry type. The application segment is subdivided into provider outsourcing, payer outsourcing, life sciences outsourcing, operational services outsourcing, and infrastructure outsourcing. By industry, it is subdivided into the healthcare system, the healthcare insurance industry, pharmaceutical industry, clinical research organizations, and biotechnology companies.
Global Healthcare IT Outsourcing Market Geography Analysis
North America, Europe, Asia-Pacific, Latin America and the Middle East are the promising regional segment. North America dominates the market for global healthcare IT outsourcing. The improvement in healthcare infrastructure in Asia-Pacific particularly in India and China will boost the market for Healthcare IT outsourcing. Owing to numerous government initiatives to provide quality healthcare to people at affordable rates, the adoption rates of healthcare IT outsourcing has increased in this region.
Global Healthcare IT Outsourcing Market Key Players
The global healthcare IT outsourcing market has some small and large scale players operating in different geographies. Some of the prominent players operating in healthcare IT outsourcing market are IBM Corp., Tata Consultancy Services Ltd., Wipro Ltd., Cognizant Technology Solutions, Accenture, L&T InfoTech, HCL Technologies Ltd., McKesson Corp., Infosys Ltd., and All scripts
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