With 10.5% CAGR, Hospital Outsourcing Market Size Worth USD 682.33 Billion by 2030 | Global Hospital Outsourcing Industry Trends, Share, Value, Analysis & Forecast Report by Zion Market Research

NEW YORK, United States, May 09, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Hospital Outsourcing Market By Hospital Size (Small & Medium Hospitals And Large Hospitals), By Service Type (Information Technology Services, Facility Management & Security Services, Clinical Services, Revenue Management Services, Insurance Verification Services, Marketing Services, Transportation Services, Recruitment Services, Catering & Cafeteria Services, Business & Administration Services, Others), By Hospital Type (Public Hospitals And Private Hospitals), By End-User (Clinics, Nursing Homes & Assisted Living, General Medical & Surgical Hospitals, Specialty Hospitals, Emergency & Other Outpatient Care Centers, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Hospital Outsourcing Market size & share in terms of revenue was valued at USD 324.44 billion in 2022 and it is expected to surpass around USD 682.33 Billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 10.5% during the forecast period 2023 to 2030.”

The market report offers quantitative and qualitative insights into the key drivers, opportunities, constraints, and challenges impacting the global hospital outsourcing market industry.

What is Hospital Outsourcing? How big is the Hospital Outsourcing Industry?

Report Overview:

Hospital outsourcing is a practice where healthcare facilities delegate their non-core functions to third-party service providers. These outsourcing services can range from administrative functions, such as revenue cycle management, to clinical services, such as diagnostic testing and patient care. The primary objective of outsourcing is to reduce costs while improving the quality of patient care. By outsourcing non-core functions, healthcare providers can focus on their core competencies, such as providing quality medical care to patients.

Outsourcing can provide various benefits to healthcare providers, including cost savings, access to specialized expertise, and increased operational efficiency. Additionally, outsourcing can provide scalability and flexibility to healthcare providers, allowing them to adjust their services according to the changing demands of the market.

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• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
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• Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• Zion Market Research Methodology

Global Hospital Outsourcing Market Dynamics:

Growth Factors & Restraints:

The global hospital outsourcing market is driven by various factors, including increasing demand for cost-effective healthcare services, the need for healthcare providers to focus on core functions, and advancements in technology. In addition, numerous opportunities are created for service providers, such as revenue cycle management outsourcing services and healthcare IT outsourcing services, which are in high demand due to the complexity of the billing & reimbursement process and the need to manage large amounts of patient data.

However, the hospital outsourcing industry also faces various challenges, such as data privacy & security concerns, regulatory compliance issues, and the need to manage vendor relationships effectively. Moreover, the highly fragmented nature of the market and the complex regulatory environment in the healthcare industry present significant challenges for market players. Despite the challenges, the COVID-19 pandemic has created a significant opportunity for the hospital outsourcing market, as healthcare providers increase their outsourcing of non-core functions to focus on patient care. These factors create ample opportunities for the industry.

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Report Scope:

Hospital Outsourcing Market: Segmentation Analysis

The global learning disability treatment market is segmented based on therapy, indication, end-user, and region.

Based on therapy, the market is bifurcated into Stimulant Medication, Non-Stimulant Medication, Occupational Therapy, Complimentary Therapy, and others. The stimulant medication segment held the largest market share in 2022 and is further predicted to grow rapidly at a significant CAGR during the forecast period. This is mainly due to the increasing prevalence of attention-deficit/hyperactivity disorder (ADHD), the effectiveness of stimulant medications in treating ADHD symptoms, and the growing awareness & acceptance of ADHD as a legitimate medical condition that requires treatment. Additionally, the ease of access to stimulant medications and the relatively low cost compared to other treatment options may also be contributing factors to the growth of this segment.

Based on indication, the learning disability treatment industry is segmented into Dyslexia, Dyspraxia, Attention Deficit Hyperactivity Disorder (ADHD), and others. The dyslexia segment held the largest market share in 2022 and is further predicted to grow at an exponential CAGR during the forecast period. One of the main drivers is the increasing recognition and diagnosis of dyslexia, which has led to a growing demand for effective treatments.

Based on end-user, the market is segmented into hospitals and clinics segment. The clinic segment is predicted to grow rapidly at a significant CAGR during the forecast period.

The global Hospital Outsourcing market is segmented as follows:

By Therapy

• Stimulant Medication
• Non-Stimulant Medication
• Occupational Therapy
• Complimentary Therapy
• Others

By Indication

• Dyslexia
• Dyspraxia
• Attention Deficit Hyperactivity Disorder (ADHD)
• Others

By End-User

Browse this Full Research Report | Hospital Outsourcing Market By Hospital Size (Small & Medium Hospitals And Large Hospitals), By Service Type (Information Technology Services, Facility Management & Security Services, Clinical Services, Revenue Management Services, Insurance Verification Services, Marketing Services, Transportation Services, Recruitment Services, Catering & Cafeteria Services, Business & Administration Services, Others), By Hospital Type (Public Hospitals And Private Hospitals), By End-User (Clinics, Nursing Homes & Assisted Living, General Medical & Surgical Hospitals, Specialty Hospitals, Emergency & Other Outpatient Care Centers, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Competitive Landscape:

Some of the main competitors dominating the global Hospital Outsourcing market include – 

• Clean Team
• ModivCare Solutions LLC.
• Allscripts Healthcare LLC
• Cleaning Services Group Inc.
• ACC Medlink
• OCS Group Limited
• SSR Techvision
• e-care India
• Sodexo
• XPressGuards.com
• Cerner Corporation
• Fast Guard Service
• Optum Inc.
• First Class Valet
• R1 RCM Inc
• ABM
• Flatworld Solutions Pvt. Ltd.
• Red Bean Hospitality
• Grupa Impel
• Apollo Sindoori
• Stathakis
• Aramark
• Healthcare Resource Group Inc.
• The Budd Group
• 3M

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Hospital Outsourcing market is likely to expand at a CAGR of around 10.5% during the forecast period (2023-2030).
• In terms of revenue, the Hospital Outsourcing market size was valued at around US$ 324.44 billion in 2022 and is projected to reach US$ 682.33 billion by 2030.
• The global hospital outsourcing market is projected to boost during the coming period owing to the increasing demand for cost-effective healthcare services.
• Based on hospital size, small and medium size hospitals held the largest market share in 2022.
• Based on service type, the clinical services segment held the largest market share in 2022.
• Based on hospital type, the private hospital segment held the dominating market share in 2022.
• Based on region, the North American region held the largest market share in 2022.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Hospital Outsourcing industry?
• What are the main driving factors propelling the Hospital Outsourcing Market forward?
• What are the leading companies in the Hospital Outsourcing Industry?
• What segments does the Hospital Outsourcing Market cover?
• How can I receive a free copy of the Hospital Outsourcing Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis by Hospital Size, Service Type, Hospital Type, End-User, and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

Based on region, the North American region held the largest hospital outsourcing market share in 2022 and is further projected to grow rapidly at a significant CAGR during the forecast period. North America is home to some of the world’s largest healthcare markets, with high healthcare spending and increasing demand for cost-effective healthcare solutions. Additionally, the region has a well-established healthcare infrastructure and a large number of hospitals and healthcare providers, making it an attractive market for outsourcing services.

Furthermore, the COVID-19 pandemic has increased the demand for outsourcing services among healthcare providers in North America, as they seek to focus on patient care and reduce the burden of administrative functions. Overall, the hospital outsourcing market in North America presents significant growth opportunities for service providers, particularly in revenue cycle management, healthcare IT outsourcing, and clinical services outsourcing. The increasing adoption of digital technologies and the growing trend toward value-based care models are also expected to drive growth in the market.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments:

• In 2020, the pharmaceutical company, Takeda, received approval from the FDA for a new ADHD medication called Trintellix. Trintellix is a selective serotonin reuptake inhibitor (SSRI) that has shown promise in reducing symptoms of ADHD in clinical trials. This approval represents a significant development in the ADHD treatment market, providing patients with a new option for managing their symptoms.
• In 2019, the educational technology company, Amplify, launched a new reading program called mCLASS® with DIBELS® 8th Edition. This program uses technology to provide real-time feedback and assessments to help students improve their reading skills. This development represents a significant advancement in the use of technology to support learning disabilities and has the potential to improve outcomes for students with dyslexia and other reading disabilities.

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