Hospital Outsourcing Market worth $11.3 Billion by 2028 | Top Keyplayers Are Johnson & Johnson, Abbott Laboratories, MMM Group, 3M Company, Sodexo S.A.

Overview and Scope
Hospital outsourcing is a process in which some processes of a hospital are assigned to another vendor or a smaller facility that has expertise and specialization in the specific area. This helps to provide support to hospital processes and smooth running of the hospitals.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

Top 5 Major Players:

• Johnson & Johnson
• Abbott Laboratories
• MMM Group
• 3M Company
• Sodexo S.A

North America was the largest region in the hospital outsourcing market in 2023. The regions covered in the hospital outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the hospital outsourcing market report are Johnson & Johnson, Abbott Laboratories, MMM Group, 3M Company, Sodexo S.A., Becton Dickinson and Company, Aramark Corporation, ABM Industries Incorporated, Miele Group, Fortive Corporation, Cerner Corporation, Steris Plc, bioMérieux S.A., Getinge AB, AllScripts Healthcare Solutions Inc., LogistiCare Solutions LLC, Alere Inc., Ansell Limited, Cantel Medical, Sotera Health LLC, TriMedx LLC, Halyard Health Inc., Metall Zug AG, Tri Source International Inc., Sterigenics International LLC, Belimed AG, The Allure Group, Flatworld Solutions, Matachana Group, Integrated Medical Transport Inc., Honeywell International Inc., Pal International Ltd., PDI Inc., Reckitt Benckiser Group plc, Schülke & Mayr GmbH

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 Market – Macro Economic Scenario
5. Global Hospital Outsourcing Market Size and Growth

….

32. Global Hospital Outsourcing Market Competitive Benchmarking
33. Global Hospital Outsourcing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hospital Outsourcing Market
35. Hospital Outsourcing Market Future Outlook and Potential Analysis
36. Appendix

List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Hospital Outsourcing Market, Segmentation By Hospital Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Hospital Outsourcing Market, Segmentation By Hospital Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Hospital Outsourcing Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

…..

Table 75: Johnson & Johnson Financial Performance
Table 76: Abbott Laboratories Financial Performance
Table 77: MMM Group Financial Performance
Table 78: 3M Company Financial Performance
Table 79: Sodexo S.A. Financial Performance

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