Healthcare

Hospital Outsourcing Market Revenue to Exceed $ 685 Billion by 2030

Precedence Research recently published a report on “Hospital Outsourcing Market (By Service: Clinical Services, Healthcare IT, Transportation Services, Business Services, Others; By Type: Private and Public) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030”, The global hospital outsourcing market size is projected to reach USD 685 billion by 2030 from an estimated USD 270 billion in 2020, at a CAGR of 10.6% from 2021 – 2030.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2030. This research report evaluates hospital outsourcing market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global hospital outsourcing market for the period from 2017 to 2030.

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Crucial factors accountable for market growth are:

  • Growing popularity of management service providers
  • Rising burden of patients flow
  • Rising growth in geriatric population
  • Technological advancements and increased investments on R & D activities.
  • Increased penetration of healthcare units in developed markets
  • Increased importance of non-core activities in hospitals
  • Availability of numerous service providers in the hospital outsourcing market

Report Highlights

  • By service, the clinical services segment is expected to be the fastest-growing owing to the growing number of diagnostic laboratories, clinics, and private hospitals in the major markets such as US, India, Japan, and UK.
  • By type, the private segment led the global hospital outsourcing market with remarkable revenue share in 2020. The private hospitals seek to earn more profit by reducing their operational costs by assigning the management related activities to the specialized hospital outsourcing service providers.

Scope of the Study

This hospital outsourcing market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Market Dynamics

Drivers

The hospital outsourcing market is primarily driven by the increased number of patients admissions owing to rising prevalence of chronic conditions and diseases amongst the population. Moreover, growing geriatric population, who are prone to diseases is boosting the market growth. According to the United Nations, the global population of age 65 years and above is estimated to reach 1.5 billion by 2050. This factor is surging the importance of management service providers in the healthcare sector.

Restraints

Data breach is the major restraining factor that may hamper the market growth during the forecast period. The outsourcing enables a number of persons to have access to the data of huge number of patients. This may lead to data breaches particularly in the IT outsourcing services. Hence, this may constraint the market growth in the upcoming years.

Opportunities

The increased adoption of digital media in the management of hospital in-house services has opened the doors for the adoption and implementation of artificial intelligence technologies that will increase efficiency by eliminating errors.

Challenges

Cybersecurity is a major challenge especially in the IT services of any hospital. A severe cyberattack may put the patient’s life at risk and also result in financial losses to the hospitals. Hence, cybersecurity has an increased importance in today’s digital world.

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the hospital outsourcing market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the hospital outsourcing market include:

  • Sodexo
  • Allscripts
  • The Allure Group
  • Aramark Corp.
  • Cerner Corporation
  • LogistiCare Solutions
  • ABM Industries
  • Alere, Inc.
  • Flatworld Solutions
  • Integrated Medical Transport

Segments Covered in the Report

By Service

  • Clinical Services
  • Healthcare IT
  • Transportation Services
  • Business Services
  • Others

By Type

  • Private
  • Public

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Key Points Covered in hospital outsourcing market Study:

  • Growth of hospital outsourcing in 2021
  • Market Estimates and Forecasts (2017-2030)
  • Brand Share and Market Share Analysis
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Recommendation on Key Winning Strategies
  • COVID-19 Impact on Demand for hospital outsourcing and How to Navigate
  • Key Product Innovations and Regulatory Climate
  • hospital outsourcing Consumption Analysis
  • hospital outsourcing Production Analysis
  • hospital outsourcing and Management

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Hospital Outsourcing Market, By Type

7.1. Hospital Outsourcing Market, by Type, 2021-2030

7.1.1. Private

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Public

7.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Hospital Outsourcing Market, By Service

8.1. Hospital Outsourcing Market, by Service, 2021-2030

8.1.1. Clinical Services

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Healthcare IT

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Transportation Services

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Business Services

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Hospital Outsourcing Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Type (2017-2030)

9.1.2. Market Revenue and Forecast, by Service (2017-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Type (2017-2030)

9.1.3.2. Market Revenue and Forecast, by Service (2017-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Type (2017-2030)

9.1.4.2. Market Revenue and Forecast, by Service (2017-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Type (2017-2030)

9.2.2. Market Revenue and Forecast, by Service (2017-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Type (2017-2030)

9.2.3.2. Market Revenue and Forecast, by Service (2017-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Type (2017-2030)

9.2.4.2. Market Revenue and Forecast, by Service (2017-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Type (2017-2030)

9.2.5.2. Market Revenue and Forecast, by Service (2017-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Type (2017-2030)

9.2.6.2. Market Revenue and Forecast, by Service (2017-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Type (2017-2030)

9.3.2. Market Revenue and Forecast, by Service (2017-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Type (2017-2030)

9.3.3.2. Market Revenue and Forecast, by Service (2017-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Type (2017-2030)

9.3.4.2. Market Revenue and Forecast, by Service (2017-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Type (2017-2030)

9.3.5.2. Market Revenue and Forecast, by Service (2017-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Type (2017-2030)

9.3.6.2. Market Revenue and Forecast, by Service (2017-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Type (2017-2030)

9.4.2. Market Revenue and Forecast, by Service (2017-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Type (2017-2030)

9.4.3.2. Market Revenue and Forecast, by Service (2017-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Type (2017-2030)

9.4.4.2. Market Revenue and Forecast, by Service (2017-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Type (2017-2030)

9.4.5.2. Market Revenue and Forecast, by Service (2017-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Type (2017-2030)

9.4.6.2. Market Revenue and Forecast, by Service (2017-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Type (2017-2030)

9.5.2. Market Revenue and Forecast, by Service (2017-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Type (2017-2030)

9.5.3.2. Market Revenue and Forecast, by Service (2017-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Type (2017-2030)

9.5.4.2. Market Revenue and Forecast, by Service (2017-2030)

Chapter 10. Company Profiles

10.1. Sodexo

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Allscripts

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. The Allure Group

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Aramark Corp.

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Cerner Corporation

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. LogistiCare Solutions

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. ABM Industries

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Alere, Inc.

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Flatworld Solutions

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. Integrated Medical Transport

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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