Medical Outsourcing Market : Market Estimation, Dynamics, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Medical Outsourcing Market by Services Type (Payer, Provider, Pharmaceutical Companies/CRO’s, Information Technology, and Pathology), By End User (Pharmaceutical Laboratories, Pharmaceutical Industries, Hospitals, Clinics, Research Institutes, and Insurance Companies), and Geography

 

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Report

Description

Medical Outsourcing Market size was valued at USD 63,717.20 million in 2021 and is expected to reach USD 144,417.84 million by 2028, growing at a CAGR of 12.4% during the forecast period 2022-2028. Healthcare centers such as hospitals have been outsourcing various ancillary tasks globally. Information systems (IS) outsourcing is a major decision in healthcare that is extensively outsourced by the healthcare organizations that create a good market for vendors. Outsourcing for the hospitals enables them to focus on their core task to provide efficient healthcare services. The healthcare industry is considered to be resistant to outsourcing services when compared to that other industry which is generally due to the environment, culture, and regulatory factors.  Players focusing on innovation of newer products and collaboration strategies to retain market position in the medical outsourcing market. In January 2018, McKesson has completed its acquisition of RxCrossroads to support customer needs beyond the channel distribution as the industry faces increasing challenges, together they will better serve the broad market and individual customer needs by providing differentiated and customized solutions. The report studies medical outsourcing market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged.

 

Medical Outsourcing Market

MARKET SUMMARY
-
12.4% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 12.4%
  • Largest Market– North America
  • Fastest Growing- Asia Pacific

Medical Outsourcing Market Analysis

  • Medical Outsourcing Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on gives historical, current, and future market sizes (US$ Mn) on the basis of service type, end-user and region.
Key Players
  • Accenture
  • McKesson Group
  • CGI Federal
  • Optum
  • Emdeon Business Services LLC
Medical Outsourcing Market

Drivers and Restraints

Healthcare industry has become majorly data driven and the growing ability of the BPO vendors to discover hidden patterns and unknown correlations in data using big data or analytics are the major driving factors for the growth of the market over the forecasted period. In addition, increasing demand for better healthcare facilities and growing chronic diseases and health consciousness expected to offer significant growth for the medical outsourcing market. However, risk of losing sensitive data and the loss of confidentiality by outsourcing is expected to hinder the growth of this market during the forecast period.


Medical Outsourcing Market Regional Analysis

North America dominates the market

North America holds the major share due to the presence of top three companies that hold 45% of the market share and expanding collaborations and partnerships across the industries drives the growth of the medical outsourcing market. Asia Pacific and Latin America are expected to show significant growth due to the favorable microeconomic conditions like government regulations and financial conditions such as increasing investments. The Middle and Africa would show moderate growth over the forecast years

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Medical Outsourcing Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Contents

  1. Executive Summary
  2. Global Medical Outsourcing Market Introduction
    • Global Medical Outsourcing Market – Taxonomy
    • Global Medical Outsourcing Market –Definitions
      • By Services
      • End user
  1. Global Medical Outsourcing Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medical Outsourcing Market Dynamics – Factors Impact Analysis
  2. Global Medical Outsourcing Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024
    • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Medical Outsourcing Market Forecast, By Services, 2014 – 2017 and Forecast, 2018 – 2024
    • Payer
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Provider
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceutical Companies/CRO’s
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Information Technology
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pathology
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Outsourcing Market Forecast, By End User, 2014 – 2017 and Forecast, 2018 – 2024
    • Pharmaceutical Industries
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceutical Laboratories
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hospitals
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clinics
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Research Institutes
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Insurance Companies
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Outsourcing Market Forecast, By Region, 2014 – 2017 and Forecast, 2018 – 2024
    • North America
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia Pacific
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • The Middle East & Africa
      • Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medical Outsourcing Market – Opportunity Analysis Index, By Services Type, By End User, and Region, 2018 – 2024
  2. North America Medical Outsourcing Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024
    • Service Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Payer
      • Provider
      • Pharmaceutical Companies/CRO’s
      • Information Technology
      • Pathology
    • End User Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pharmaceutical Industries
      • Pharmaceutical Laboratories
      • Hospitals
      • Clinics
      • Research Institutes
      • Insurance Companies
    • Country Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Medical Outsourcing Market – Opportunity Analysis Index, By Service, By End User, and Country, 2018 – 2024
    • North America Medical Outsourcing Market Dynamics – Trends
  3. Europe Medical Outsourcing Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024
    • Service Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Payer
      • Provider
      • Pharmaceutical Companies/CRO’s
      • Information Technology
      • Pathology
    • End User Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pharmaceutical Industries
      • Pharmaceutical Laboratories
      • Hospitals
      • Clinics
      • Research Institutes
      • Insurance Companies
    • Country Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • UK.
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Europe Medical Outsourcing Market – Opportunity Analysis Index, By Service, By End User, and Country, 2018 – 2024
    • Europe Medical Outsourcing Market Dynamics – Trends
  4. Asia Pacific Medical Outsourcing Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024
    • Service Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Payer
      • Provider
      • Pharmaceutical Companies/CRO’s
      • Information Technology
      • Pathology
    • End User Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pharmaceutical Industries
      • Pharmaceutical Laboratories
      • Hospitals
      • Clinics
      • Research Institutes
      • Insurance Companies
    • Country Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • China
      • Japan
      • Philippines
      • Rest of APAC
    • Asia Pacific Medical Outsourcing Market – Opportunity Analysis Index, By Service, By End User, and Country, 2018 – 2024
    • Asia Pacific Medical Outsourcing Market Dynamics – Trends
  5. Latin America Medical Outsourcing Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024
    • Service Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Payer
      • Provider
      • Pharmaceutical Companies/CRO’s
      • Information Technology
      • Pathology
    • End User Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pharmaceutical Industries
      • Pharmaceutical Laboratories
      • Hospitals
      • Clinics
      • Research Institutes
      • Insurance Companies
    • Country Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Rest of Latin America
    • Latin America Medical Outsourcing Market – Opportunity Analysis Index, By Service, By End User, and Country, 2018 – 2024
    • Latin America Medical Outsourcing Market Dynamics – Trends
  6. Middle East and Africa Medical Outsourcing Market Analysis, 2014 – 2017 and Forecast, 2018 – 2024
    • Service Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Payer
      • Provider
      • Pharmaceutical Companies/CRO’s
      • Information Technology
      • Pathology
    • End User Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pharmaceutical Industries
      • Pharmaceutical Laboratories
      • Hospitals
      • Clinics
      • Research Institutes
      • Insurance Companies
    • Country Analysis (2014 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • GCC Countries
      • Israel
      • Turkey
      • Rest of MEA
    • Middle East and Africa Medical Outsourcing Market – Opportunity Analysis Index, By Service, By End User, and Country, 2018 – 2024
    • Middle East and Africa Medical Outsourcing Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Drug Class & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Accenture
      • McKesson Group
      • CGI Federal
      • TCS
      • Cognizant
      • Dell
      • Wipro
      • Optum
      • Emdeon Business Services LLC
  1. Research Methodology

Key Assumptions and Acronyms


Report

Company Profile

  • Accenture
  • McKesson Group
  • CGI Federal
  • TCS
  • Cognizant
  • Dell
  • Wipro
  • Optum
  • Emdeon Business Services LLC

Description

Medical Outsourcing Market size was valued at USD 63,717.20 million in 2021 and is expected to reach USD 144,417.84 million by 2028, growing at a CAGR of 12.4% during the forecast period 2022-2028. Healthcare centers such as hospitals have been outsourcing various ancillary tasks globally. Information systems (IS) outsourcing is a major decision in healthcare that is extensively outsourced by the healthcare organizations that create a good market for vendors. Outsourcing for the hospitals enables them to focus on their core task to provide efficient healthcare services. The healthcare industry is considered to be resistant to outsourcing services when compared to that other industry which is generally due to the environment, culture, and regulatory factors.  Players focusing on innovation of newer products and collaboration strategies to retain market position in the medical outsourcing market. In January 2018, McKesson has completed its acquisition of RxCrossroads to support customer needs beyond the channel distribution as the industry faces increasing challenges, together they will better serve the broad market and individual customer needs by providing differentiated and customized solutions. The report studies medical outsourcing market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged.

 

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