The Hospital Outsourcing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hospital Outsourcing Global Market Report 2024, The hospital outsourcing market size has grown rapidly in recent years. It will grow from $382.76 billion in 2023 to $437.94 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to cost containment, focus on core competencies, regulatory compliance, globalization, risk mitigation, quality improvement.
The hospital outsourcing market size is expected to see rapid growth in the next few years. It will grow to $730.99 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to patient-centric services, increased complexity in healthcare services, flexibility and scalability, cybersecurity concerns, population health management. Major trends in the forecast period include technological advancements, digital transformation, rise of business process outsourcing (BPO) in healthcare, growing adoption of IT outsourcing, focus on revenue cycle management outsourcing.
The increase in diabetic patient flow in hospitals is expected to propel the growth of the hospital outsourcing market going forward. Hospitals opt for outsourcing services when there is an increase in patients and the hospital infrastructure is not capable of handling a large number of patients. This is a result of the rise in chronic illnesses, including diabetes, cardiovascular disease, and others, which are increasing the number of patients being admitted to hospitals and, eventually, placing greater pressure on medical procedures. For instance, according to the International Diabetics Federation (IDF) report, a Belgium-based diabetic organization, in the year 2021, approximately 537 million adults in-between the age group 20-79 years were living with diabetes and it is estimated to rise to 643 million by 2030 and 783 million by 2045. Therefore, the increase in diabetic patient flow in hospitals is driving the growth of the hospital outsourcing market.
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The hospital outsourcing market covered in this report is segmented –
1) By Hospital Type: Private, Public
2) By Hospital Size: Small and Medium Hospitals, Large Hospitals
3) By Services: Healthcare IT, Clinical Services, Business Services, Transportation Services, Other Services
4) By End-Users: Nursing Homes and Assisted Living, Specialty Hospitals, General Medical and Surgical Hospitals, Emergency and Other Outpatient Care Centers, Other End Users
Major companies operating in the hospital outsourcing market are focused on investments to increase their profitability in the market. Investments in hospital outsourcing refer to financial commitments made by individuals, organizations, or investors in services provided by external entities to manage specific functions or processes within a hospital. For instance, Warburg Pincus LLC, a US-based equity firm is set to invest in Everise, a US-based healthcare services outsourcing company, at a valuation of approximately $1 billion. This strategic investment will enable the exit of current investor Everstone Group and open avenues for Everise's expansion through mergers and acquisitions. Recognizing Everise's accomplished leadership and proven ability to scale profitably, Warburg Pincus, leveraging its extensive network and resources in Asia and the US, aims to propel Everise as an industry leader with sustained momentum.
The hospital outsourcing market report table of contents includes:
1. Executive Summary
2. Hospital Outsourcing Market Characteristics
3.Hospital Outsourcing Market Trends And Strategies
4.Hospital Outsourcing Impact Of COVID-19
5.Hospital Outsourcing Market Size And Growth
6.Hospital Outsourcing Segmentation
7.Hospital Outsourcing Regional And Country Analysis
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27.Hospital Outsourcing Competitive Landscape And Company Profiles
28.Hospital Outsourcing Key Mergers And Acquisitions
29.Hospital Outsourcing Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Johnson & Johnson
- Abbott Laboratories
- MMM Group
- 3M Company
- Sodexo S.A.
- Becton Dickinson and Company
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Hospital Outsourcing Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.
Further, this report also highlights the regional and country-level market analysis.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the hospital outsourcing market include Allscripts, Cerner Corporation, The Allure Group, Integrated Medical Transport, Sodexo, Aramark Corporation, LogistiCare Solutions, LLC, Flatworld Solutions, Alere, Inc., ABM Industries Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Hospital Outsourcing Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/hospital-outsourcing-market/download-sampleMarket DynamicsOutsourcing in hospitals is a fast-growing trend.
Going for outsourcing options helps the hospital business gain a competitive edge and offer attractive care services to the patient community.
However, risk factors with outsourcing have been data breaches and patient privacy issues, which pose a challenge for the market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Hospital Outsourcing Market 2021Global Hospital Outsourcing Market is expected to Grow at a CAGR of 12.28% Over the Forecast Period, Owing to the Increase in Number of Cost Saving Initiatives without Compromising on Service Quality amongst the Healthcare Facilities, says Absolute Markets InsightsAn erudite analysis of global Hospital Outsourcing Market has been recently added by Absolute Markets Insights to its comprehensive repository.
An accurate data of several market aspects such as type, size, application, and end user are included in the report for providing extensive business knowledge to readers.
Moreover, the study provides a 360-degree overview of the competitive landscape of the industries.
The report thus helps companies to gauge the threats and challenges faced by businesses.Outsourcing is emerging as a prominent strategy for controlling the costs incurred for providing services such as catering, revenue management, IT management, etc., amongst the healthcare facilities.
A third-party contractor is given the responsibility of managing non-core services in the healthcare industry.
These factors are leading to the growth of the global hospital outsourcing marketAccess Full Report Details and Order this Premium Report @ https://www.absolutemarketsinsights.com/reports/Hospital-Outsourcing-2020-2028-794 Major Key Players:Some of the players operating in the hospital outsourcing market are 3M, ABM, ACC Medlink, AdvantEdge Healthcare Solutions, Allscripts Healthcare, LLC, Apollo Sindoori, Aramark, Cerner Corporation, CIRFOOD, Clean Team, Cleaning Services Group, Inc., e-care India, Fast Guard Service, First Class Valet, Flatworld Solutions Pvt.
A Comprehensive Guide to Hire the Best IT Outsourcing Company from Indian Market, India has the vast market for the best IT outsourcing companies in India as it holds a niche in this sector.Read the full post - Guide to Hire Best IT Outsourcing Company from Indian Market
