Global healthcare ITO market expected to surpass US $61 billion by 2019, says Technavio

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This industry research report offers market forecast and growth of the global healthcare IT outsourcing (ITO) market. This research report segments the market by clinical ITO, EHR, LIS, PIS, HIS, non-clinical ITO, financial Software support, patient satisfaction survey support, analytics support, and infrastructure outsourcing. Market shares for Americas, APAC, and EMEA are provided in this report. The leading vendors detailed by the research include Accenture, Cognizant, TCS, IBM, and Infosys.

Technavio’s market research analysts estimate the global healthcare ITO market to grow at a CAGR of around 9% between 2015 and 2019. Hospitals are increasingly outsourcing their IT functions to service providers to reduce their in-house IT costs and avail efficient real-time patient monitoring. Currently, the Americas dominate the global healthcare ITO market, however, the APAC region is expected to emerge as the fastest growing region during the forecast period. One of the main reasons for APAC’s market growth is increased funding for healthcare sectors in the South Asian nations.

The new market research report from Technavio provides a breakdown and analysis of the healthcare ITO segments by technology.

“The healthcare sector is increasingly adopting cloud solutions to reduce the cost of in-house IT infrastructures. By adopting these cloud services by third parties, hospitals not only minimize the cost of software installation, but also focus on their operational efficiency.  The cloud computing vendors operate on the pay-per-use billing model, which requires minimal investments by the healthcare sector.   Accenture, HP, IBM, Infosys, and TCS are some of the major vendors that are offering cloud services for healthcare IT services,” says Navin Rajendra, Lead Analyst, IT Services, Technavio Research.

Outsourcing services related to healthcare information systems such as HIS, RIS, LIS, and PIS requires comprehensive solution aligned with relevant domain expertise. These are clinical ITO solutions which occupy around 70% of the application outsourcing segment in the healthcare ITO market. Healthcare organizations are implementing EHR systems that can integrate with LIS, PIS, and HIS such that information can be stored in a single database system.

The leading vendors in the global healthcare ITO market are Accenture, Cognizant, TCS, IBM, and Infosys. The leading market vendors are focusing on product offerings with analytical features such as predictive and content analytics to help doctors understand the complexity of medical problems and improve the quality of healthcare.

A more detailed analysis is available in the Technavio report, Global Healthcare IT Outsourcing Market: Research Analysis 2015-2019.

We can customize reports by other regions and specific segments upon request.

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