- Payer
- Provider
- Pharmaceutical Companies/CRO's
- Information Technology
- Pathology
Medical Outsourcing Market size was valued at USD 63,717.20 million in 2023 and is expected to reach USD 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.
Medical Outsourcing Market 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.
North-America Got Significant Share
Medical Outsourcing Market Regional Analysis
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
Europe
Asia Pacific
Middle East
North America
Medical Outsourcing Market Segmentation
By Services
By End User
- Pharmaceutical Industries
- Pharmaceutical Laboratories
- Hospitals
- Clinics
- Research Institutes
- Insurance Companies
By Geography
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Frequently Asked Questions
2023 is the base year and 2030 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.
Medical Outsourcing Market is poised to grow at a significant CAGR of 12.4% from 2023-2029.
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.
Key Features of the Reports
- The medical outsourcing market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- 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
| 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 |
- Accenture
- McKesson Group
- CGI Federal
- TCS
- Cognizant
- Dell
- Wipro
- Optum
- Emdeon Business Services LLC