Global Healthcare It (Provider And Payor) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Hardware, Software and Services.

By Service ;

BPO Services, ITO Services, and KPO Services

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn954369931 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Healthcare It (Provider And Payor) Market (USD Million), 2021 - 2031

In the year 2024, the Global Healthcare It (Provider And Payor) Market was valued at USD 287521.49 million. The size of this market is expected to increase to USD 764812.89 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.0%.

The global healthcare payer services market is poised for substantial growth in the forthcoming years, driven by the declining overall cost of healthcare supply chain business process outsourcing. Additionally, there's a rising demand for outsourcing business processes in the healthcare supply chain due to enhanced inventory control. This trend is expected to fuel market expansion throughout the forecast period. Factors such as reduced healthcare delivery costs, the implementation of ICD-10 codes, and the challenges faced by pharmaceutical companies due to patent cliffs contribute to the growth of the healthcare supply chain BPO business.

Market competition intensifies as companies embrace cutting-edge technologies like AI, analytics, and cloud-based services. Accenture's cloud-based solutions, for example, optimize logistics costs, boost service revenue, and enhance service accessibility in the healthcare supply chain. Consequently, significant market expansion is anticipated. Technological advancements and the integration of outsourced processes with supply chain management (SCM) are expected to remain key market drivers during the forecast period.

The COVID-19 pandemic presented challenges for healthcare payers, although many health insurers fared relatively well financially due to reduced healthcare spending. Payers demonstrated strong support for healthcare providers by launching web portals offering real-time epidemic information, initiating community programs for health equity, expanding eligibility criteria to ensure patients receive ongoing medical care, and offering advance payments. Strategic alliances among key stakeholders are being forged to address systemic health disparities in upcoming initiatives.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Service
    3. Market Snapshot, By Region
  4. Global Healthcare It (Provider And Payor) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising healthcare costs
        2. Growing demand for remote patient monitoring
        3. Government regulations
      2. Restraints
        1. High cost of HIT solutions
        2. Data security concerns
        3. Interoperability challenges
      3. Opportunities
        1. Artificial intelligence (AI)
        2. Big data
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Healthcare It (Provider And Payor) Market, By Product, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
      3. Services
    2. Global Healthcare It (Provider And Payor) Market, By Service, 2021 - 2031 (USD Million)
      1. BPO Services
      2. ITO Services
      3. KPO Services
    3. Global Healthcare It (Provider And Payor) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Meditech
      2. Cerner Corporation
      3. Mckesson Corporation
      4. Siemens Healthcare
      5. Epic Systems
      6. Allscripts
      7. Philips
      8. GE Healthcare
  7. Analyst Views
  8. Future Outlook of the Market