PUBLISHER: Grand View Research | PRODUCT CODE: 1529838
PUBLISHER: Grand View Research | PRODUCT CODE: 1529838
Market Size & Trends
The global service integration and management in healthcare market size was estimated at USD 5.04 billion in 2023 and it is anticipated to grow at a CAGR of 7.3% from 2024 to 2030. The increasing technological advancements, increasing focus on patient outcomes, rising government initiatives, and increasing diversification of healthcare services are some of the major factors driving the market growth. The government bodies globally are emphasizing the digitization of their healthcare systems to increase the efficiency and reach of their system. These initiatives are expected to increase the demand for integration and management services, thereby driving the market growth. For instance, in June 2024, the U.S. Trade and Development Agency signed a grant agreement to offer technical assistance to Jordan's national digital health transformation program "Hakeem."
The increasing outsourcing trend in the pharmaceutical and biotechnology industry is also one of the major factors driving market growth. As pharmaceutical and biotech companies outsource tasks such as clinical trials, drug development, and manufacturing, the overall IT landscape for this industry becomes more complex. Integrating the management solutions can help manage this complexity by allowing easy data exchange across internal and external organizations, thereby ensuring seamless information flow and efficient collaboration among different stakeholders.
The COVID-19 pandemic has accelerated the adoption of telehealth and remote patient monitoring technologies as healthcare providers seek ways to deliver care while minimizing in-person contact. This trend has continued owing to the advantages offered by telehealth, such as easy access, better efficiency, and increased reach. As the industry increases the adoption of digital solutions, it is further anticipated that the demand for integration and management services will increase over the forecast period.
Furthermore, there is an increasing demand in different healthcare organizations to optimize their operational efficiency, which leads to partnerships among integration and management service providers. The market players are leveraging this growth opportunity offered by the increasing digital transformation of the healthcare industry by taking various initiatives, thereby increasing their market presence and fueling the market growth. For instance, in August 2023, Globant and Medocity entered a strategic partnership to enhance clinical research's digitization. The partnership aims to leverage Globant's digital IQ, digital strategy, data & system integration, and software engineering expertise to implement comprehensive digital solutions to support clinical research operations.
Global Service Integration And Management In Healthcare Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global service integration and management in healthcare market report based on service type, end-use, delivery mode, and region.
Strategy And Planning
Process Improvement
Technology Consulting
System Integration
Application Development
Cloud Implementation
IT Infrastructure Management
Application Management
Security Management
Technical Support
System Upgrades
User Training
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
Australia
South Korea
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait