Medical Outsourcing Market By Services Type, By End User, and Region Forecast 2019-2030

Medical Outsourcing Market Size, Share, Growth, Trends, and Global Industry Analysis: 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 Region Forecast 2019-2030

Medical Outsourcing Market size was valued at US$ 63,717.20 million in 2023 and is expected to reach US$ 144,417.84 million by 2030, growing at a CAGR of 12.4% from 2024-2030. 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.

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.  

Key Developments

  • 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.

Medical Outsourcing Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

12.4%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Medical Outsourcing Market Dynamics

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 Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 63,717.20 million

Market Size in 2030

US$ 144,417.84 million

Market CAGR

12.4%

By Services

  • Payer
  • Provider
  • Pharmaceutical Companies/CRO's
  • Information Technology
  • Pathology

By End User

  • Pharmaceutical Industries
  • Pharmaceutical Laboratories
  • Hospitals
  • Clinics
  • Research Institutes
  • Insurance Companies

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Key Features of the Report

  • The renewable aviation fuel market provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their 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 startups 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 socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

The medical outsourcing market size was valued at US$ 63,717.20 million in 2023 and is expected to reach US$ 144,417.84 million by 2030, growing at a CAGR of 12.4% from 2024-2030.

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).

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

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Medical Outsourcing Market Introduction 
2.1.Global Medical Outsourcing Market  - Taxonomy
2.2.Global Medical Outsourcing Market  - Definitions
2.2.1. Services
2.2.2.End User
2.2.3.Region
3.Global Medical Outsourcing Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Medical Outsourcing Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Medical Outsourcing Market  By  Services, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Payer
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Provider
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Pharmaceutical Companies/CRO's
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Information Technology
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Pathology
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6.Global Medical Outsourcing Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Pharmaceutical Industries
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Pharmaceutical Laboratories
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Hospitals
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Clinics
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Research Institutes
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Insurance Companies
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Medical Outsourcing Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Medical Outsourcing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1.  Services Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Payer
8.1.2.Provider
8.1.3.Pharmaceutical Companies/CRO's
8.1.4.Information Technology
8.1.5.Pathology
8.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Pharmaceutical Industries
8.2.2.Pharmaceutical Laboratories
8.2.3.Hospitals
8.2.4.Clinics
8.2.5.Research Institutes
8.2.6.Insurance Companies
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Medical Outsourcing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1.  Services Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Payer
9.1.2.Provider
9.1.3.Pharmaceutical Companies/CRO's
9.1.4.Information Technology
9.1.5.Pathology
9.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Pharmaceutical Industries
9.2.2.Pharmaceutical Laboratories
9.2.3.Hospitals
9.2.4.Clinics
9.2.5.Research Institutes
9.2.6.Insurance Companies
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Medical Outsourcing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1.  Services Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Payer
10.1.2.Provider
10.1.3.Pharmaceutical Companies/CRO's
10.1.4.Information Technology
10.1.5.Pathology
10.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Pharmaceutical Industries
10.2.2.Pharmaceutical Laboratories
10.2.3.Hospitals
10.2.4.Clinics
10.2.5.Research Institutes
10.2.6.Insurance Companies
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Medical Outsourcing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1.  Services Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Payer
11.1.2.Provider
11.1.3.Pharmaceutical Companies/CRO's
11.1.4.Information Technology
11.1.5.Pathology
11.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Pharmaceutical Industries
11.2.2.Pharmaceutical Laboratories
11.2.3.Hospitals
11.2.4.Clinics
11.2.5.Research Institutes
11.2.6.Insurance Companies
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Medical Outsourcing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1.  Services Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Payer
12.1.2.Provider
12.1.3.Pharmaceutical Companies/CRO's
12.1.4.Information Technology
12.1.5.Pathology
12.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Pharmaceutical Industries
12.2.2.Pharmaceutical Laboratories
12.2.3.Hospitals
12.2.4.Clinics
12.2.5.Research Institutes
12.2.6.Insurance Companies
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Accenture
13.2.2.McKesson Group
13.2.3.CGI Federal
13.2.4.TCS
13.2.5.Cognizant
13.2.6.Dell
13.2.7.Wipro
13.2.8.Optum
13.2.9.Emdeon Business Services LLC
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

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

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