Healthcare IT outsourcing to reach $97.72Bn by 2030
MAHARASHTRA, INDIA — The Healthcare IT Outsourcing market is expected to garner US$97.72 billion in seven years, expanding at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030.
According to a new report by consulting firm Coherent Market Insights (CMI), outsourcing IT solutions in the healthcare business has emerged as an effective way to reduce rising healthcare costs while meeting the growing demand for high-quality treatment.
The trend of healthcare IT outsourcing solutions has also developed dramatically over the years, attracting both large and mid-sized enterprises.
In some circumstances, the full information management system is outsourced, whilst in others, only critical application services, such as EMR, CRM, and billing system implementation, are outsourced.
CMI also indicated that the key players in the healthcare IT outsourcing industry would include software firm Oracle Corporation, healthcare provider Siemens Healthineers, and IT giant Infosys Limited.
Dell Technologies Inc., Philips Healthcare, Cerner, Tata Consultancy Services (TCS), Mckesson Corporation, and International Business Machines Corporation (IBM) are also expected to make a big contribution to the market over the next seven years.
