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  

Medical Outsourcing Market size was valued at USD 63,717.20 million in 2022 and is expected to reach USD 144,417.84 million by 2029, growing at a CAGR of 12.4% during the forecast period 2023-2029. 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.