Market Research Report Global Healthcare IT Outsourcing Market Analysis b | Page 2

Description
The global healthcare IT outsourcing market is estimated to be USD XX billion in 2016 and is projected to reach USD XX billion by 2021, growing at a CAGR of XX % during the forecast period from 2016 to 2021.
Outsourcing can be defined as the process in which an organization selects the most efficient third party to deliver some selected services like data management, operational management or administrative services. Outsourcing is a new phenomenon in the healthcare sector, as is IT. It won ‰ Û ª t be an exaggeration to say that IT in healthcare is the real cause of the emergence of this outsourcing phenomenon and has certainly resulted in the steep growth in this market. Global Healthcare IT Outsourcing Market-Market Dynamics
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The healthcare industry is in its transformation phase, moving towards a patient-centric and value-based approach, and this transformation has helped in the growth of this market. The report details several factors driving and restraining the market. In addition, it discusses the opportunities faced by the market players. Some of these are listed below. Drivers
Some of the factors contributing to the growth of this market are: Shortage of in-house properly trained IT professionals Lack of infrastructure or funding required for better and secured IT facilities. Government focus on introducing IT in healthcare and eagerness to provide any support needed for implementation of this Need to reduce operational cost for healthcare providers in order to move a step ahead in cutting healthcare cost Need to improve efficiency Restraints
The technology also has certain constraints to overcome, such as lack of standardization in terms of entering data or storing it. This creates a significant gap between what the healthcare provider expects and what the third party has and this gap adversely affects the relationship between them. Opportunities
The technology has several opportunities as well. Implementation of trends in the medical-IT field, such as precision medicines, EHR, analytics-driven personalized medicines, clinical DSS, health and disease management, the emergence of smaller innovative players and emerging economies present significant opportunities for this sector.
The global healthcare IT outsourcing market is segmented on the basis of application( payers HCIT outsourcing market( hospital information system( HIS), laboratory information system( LIS), radiology
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