Global Hospital Outsourcing Market Size & Outlook
Global hospital outsourcing market, 2018-2030 (US$M)
Related Markets
Global hospital outsourcing market highlights
- The global hospital outsourcing market generated a revenue of USD 504,713.9 million in 2023 and is expected to reach USD 843,494.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.6% by 2030.
- In terms of segment, clinical services accounted for a revenue of USD 107,926.1 million in 2023.
- Clinical services is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 504,713.9 million |
| Market revenue in 2030 | USD 843,494.9 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Clinical services |
| Fastest growing segment | Clinical services |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Healthcare IT, Clinical services, Business services, Transportation services |
Other key industry trends
- In terms of revenue, the North America accounted for 70.6% of the global hospital outsourcing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 7,763.6 million by 2030.
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Hospital Outsourcing Market Scope
Hospital Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global hospital outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hospital outsourcing market will help companies and investors design strategic landscapes.
Clinical services was the largest segment with a revenue share of 21.38% in 2024. Horizon Databook has segmented the Global hospital outsourcing market based on healthcare it, clinical services, business services, transportation services covering the revenue growth of each sub-segment from 2018 to 2030.
The number of third-party service providers is increasing in healthcare and hospital service segments as it helps in transitioning to value-based care, developing a strong provider network, and Leveraging care coordination to improve population health management.
Third-party providers allow for controlling patient care costs, improve outcomes, boost margin growth, and integrate a network of primary care and specialty physicians and high-quality, low-cost facilities. The use of Electronic Health Records has proven to be a vital healthcare management instrument for hospitals.
In 2017, around 9 in 10 (87%) of office-based physicians had adopted electronic health records (EHR) representing a 4% increase from 2016. According to Practice Fusion spending on electronic systems by providers could grow 88%, to an estimated $37 billion by 2020. Currently, there are roughly 1100 vendors that offer an HER in the U.S. which is twice the number of vendors 4 years ago.
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Target buyers of Global hospital outsourcing market databook
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Our clientele includes a mix of hospital outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global hospital outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global hospital outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hospital outsourcing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Hospital outsourcing market size, 2024 (US$M)
Global hospital outsourcing market share, by service, 2024 & 2030 (%, US$M)
Hospital outsourcing market: Opportunity assessment by country
Global hospital outsourcing market, by region, 2024 (US$M)
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