Healthcare IT Outsourcing Market Size, Share, Growth Analysis, By Application(Provider (EHR, RCM, LIMS) Payer (CRM, Claims Management), By Industry(Healthcare System, Healthcare Insurance Industry, Pharmaceutical Industry, Clinical Research Organization), By Product(Care Management, Administration, IT Infrastructure Management), By Region - Industry Forecast 2024-2031

Global Healthcare IT Outsourcing Market size was valued at USD 66180.02 million in 2022 and is poised to grow from USD 70403.55 million in 2023 to USD 114778.53 million by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).

Outsourcing is a new phenomenon in the healthcare information technology market. A screening method is used by an organization to select the most successful outside service provider to run its management and administrative unit. Outsourcing IT services in the healthcare sector has proven to be an effective way to contain rising healthcare costs while meeting the growing demand for high-quality care. Healthcare IT outsourcing solutions have grown in popularity over time, attracting both large and small businesses. Some information management systems are completely outsourced, whereas others only outsource core application functions such as EMR, CRM, and billing system setup.

Hospitals all across the world are increasingly choosing to use electronic medical record systems. It facilitates operations by reducing paperwork, aids hospitals in maintaining accurate client information, and makes it simple to transfer these records to different stakeholders. Additionally, hospitals can outsource the hassle of keeping private medical records, which is often a preventable surplus liability. Due to cost reductions, the creation of global delivery models, and the availability of secure data access, the healthcare outsourcing sector has transformed corporate outsourcing operations. As a result, the use of healthcare outsourcing strategies has grown recently.

US Healthcare IT Outsourcing Market is poised to grow at a sustainable CAGR for the next forecast year.