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Its expansion is driven primarily by increasing healthcare delivery costs.
SNS Insider said the hospital outsourcing market is expected to reach $824.5B at a CAGR of 10.1% by 2032.
The expansion of the industry is driven primarily by the increasing cost of healthcare delivery.
“To reduce indirect costs and increase efficiency, hospitals are increasingly outsourcing services from clinical care to administration and facility management,” the report said.
In addition, the demand for professional services such as diagnostic imaging, laboratory testing and IT support further boosted market growth.
Meanwhile, government initiatives aimed at improving healthcare infrastructure and cost management are supporting the adoption of outsourcing in the industry.
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