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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