The global healthcare digital marketing outsourcing market size was exhibited at USD 9.35 billion in 2022 and is projected to hit around USD 22.73 billion by 2032, growing at a CAGR of 9.29% during the forecast period 2023 to 2032.
Key Pointers:
Healthcare Digital Marketing Outsourcing Market Report Scope
Report Coverage |
Details |
Market Size in 2023 |
USD 10.22 Billion |
Market Size by 2032 |
USD 22.73 Billion |
Growth Rate from 2023 to 2032 |
CAGR of 9.29% |
Base year |
2022 |
Forecast period |
2023 to 2032 |
Segments covered |
Service type, Type of business |
Regional scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
Key companies profiled |
Cardinal Digital Marketing.; Meditwitt, Thrive Internet Marketing Agency; Hootsuite Inc; Medibrandox; ClickDealer; Refersion Inc.; Practis, LLC; Semgeeks Digital Agency; SEOteric; The Brains; PatientPop, Inc; WebToMed, L.L.C.; CMI Media Group; The SEO Work |
Businesses have increased their spending on digital marketing outsourcing for the fact that traditional marketing is becoming obsolete under uncertain conditions like COVID-19, and evolving perception in people about digital marketing that enables the provider to enhance their portfolio. Digital marketing has the potential to significantly improve the marketing and offering stages, if not completely replace traditional marketing. The fact that conventional marketing is often more expensive and time-consuming plays a significant role in the positive acceptance of digital marketing outsourcing.
For instance, the typical salesperson devotes 10% of their time to administration, 10% to customer service, 10% to customer onboarding, 30% of their time to sales conversations, and 40% of their period to calling potential leads. In comparison, acquiring high-quality leads from digital marketing channels frees up, on average, up to 40% of the representative's time and associated expenses. This considerable decrease in expenditure will ultimately cause various business types to depend on outsourcing for digital marketing, aiding in the market's expansion during the forecast period.
The emergence of healthcare-focused digital marketing outsourcing agencies has enabled hospitals and healthcare companies to access cost-effective and efficient digital marketing outsourcing services, which is expected to fuel the growth of the market. These agencies assist healthcare companies in developing and executing effective digital marketing campaigns and help them to target their audiences in an efficient manner. Moreover, the increasing utilization of digital health technologies and the increasing penetration of social media channels are creating lucrative opportunities for healthcare organizations and providers to reach potential customers.
The growing use of digital channels such as mobile applications, websites, and social media platforms is expected to support the growth of the healthcare digital marketing outsourcing market. Additionally, the introduction of advanced analytics technologies is expected to boost the demand for healthcare digital marketing outsourcing services. Healthcare organizations are increasingly utilizing advanced analytics to gain insights into customer behavior and trends in order to improve their marketing strategies. This, in turn, is expected to support the growth of the healthcare digital marketing outsourcing market.
The competition in the healthcare digital marketing outsourcing market is expected to continue to intensify in the coming years, as more players enter the market. Companies are focusing on providing innovative and customized services to meet the needs of their customers. Additionally, companies are focusing on building strong partnerships with healthcare companies and other organizations to provide tailored and effective digital marketing outsourcing services. For instance, in October 2022, Hootsuite partnered with the World Health Organization (WHO) to help reduce the spread of misinformation related to global health crises by offering pro bono services, digital tools, and access to courses and certifications. Through these initiatives, Hootsuite facilitates the sharing of accurate, research-based information on social media and other digital platforms.
Some of the prominent players in the Healthcare digital marketing outsourcing Market include:
Segments Covered in the Report
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 2032. For this study, Nova one advisor, Inc. has segmented the global Healthcare digital marketing outsourcing market.
By Service Type
By Type of Business
By Region