Global Hospital Outsourcing Market is valued approximately at USD 271 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.4% over the forecast period 2020-2027.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Request To Download Sample of This Strategic Report@
Hospitals are gradually outsourcing core activities to third-party service providers, like IT services and medical billing. The hospitals primarily outsource medical billing and IT services to third-party service providers because of the dearth of expertise and unavailability of trained professionals in the industry. Furthermore, the hospital outsourcing industry has further transformed outsourcing processes owing to the developments of global delivery models, reduction in costs, and facility of secured data access. Consequently, the adoption of hospital outsourcing techniques has been increasing since the last few years. Moreover, the rise in number of patient visits in hospitals and other healthcare organizations, along with surging healthcare costs are the few factors responsible for the CAGR of the market during the forecast period. According to Statista, in 2018, there were almost 116 million patients visited in health care center, representing an increase from 74 million patients visit in the year 2009.
Similarly, as per the source, in 2018, there were nearly 8.3 billion persons were visited in hospitals in China, up from 5.5 billion person-times since 2009. Moreover, the rising federal mandate to implement electronic health record (EHR) is further amplifying the market growth all over the world. For instance: the Health Information Technology for Economic and Clinical Health (HITECH) Act established in 2009, to motivate the execution of EHR. This act was intended at rising overall EHR utilization by providing government support to bridge the gap amongst the end-user and technology. Therefore, these factor is accelerating the adoption of hospital outsourcing services since it provides more advanced offerings to the healthcare organizations for patient’s medication. However, the data security and privacy concern are one of the prime factors inhibiting the market growth over the forecast period of 2020-2027.
Download Free Sample Report,SPECIAL OFFER (Avail an Up-to 30% discount on this report@
The regional analysis of the global Hospital Outsourcing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in outsourcing activities of the local hospitals, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising consolidation in healthcare industry along with surging healthcare costs across developing nations, such as China and India, would create lucrative growth prospects for the hospital outsourcing market across the Asia-Pacific region.
Major market player included in this report are:
Allscripts Healthcare Solutions, Inc.
The Allure Group Inc.
Integrated Medical Transport
LogistiCare Solutions LLC
ABM Industries Inc.
Get a Sample PDF copy of the report@
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Request Full Report@
Rest of the World
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
Ask for Customization:-https://reportocean.com/industry-verticals/sample-request?report_id=bw1704
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)