Hospital outsourcing market to hit $824.5b by 2032

Its expansion is primarily driven by increasing healthcare delivery costs.

The hospital outsourcing market is projected to reach $824.5b by 2032 at a compound annual growth rate of 10.1%, said SNS Insider.

The sector’s expansion is primarily driven by the increasing cost of healthcare delivery.

“To reduce overhead costs and improve efficiency, hospitals are increasingly outsourcing services, from clinical care to administrative and facility management,” the report said.

In addition, the demand for specialised services such as diagnostic imaging, laboratory testing, and IT support has further contributed to market growth.

Meanwhile, government initiatives aimed at improving healthcare infrastructure and cost management are supporting the adoption of outsourcing in the sector.