Healthcare Consulting Services Market by Service Type, End User and Region – Global Forecast to 2026

DUBLIN, January 19, 2022–(BUSINESS WIRE)–The “Healthcare Consulting Services Market by Service Type (Digital Health, IT, Operations, Strategy, Finance, HR, and Talent), End User (Government Agencies, Healthcare Providers, Pharmaceutical and Biotech Companies), and Region – Global forecasts until 2026″ report has been added to from ResearchAndMarkets.com offer.

The global healthcare consulting services market is expected to reach USD 41.2 billion by 2026, from USD 23.9 billion in 2021, growing at a CAGR of 11.5% during the forecast period.

Healthcare consulting firms specialize in providing consulting services to businesses in the healthcare industry in areas such as finance, accounting, marketing, insurance, healthcare management, billing, coding, regulation and compliance, healthcare standards and many other similar areas. The growth of the healthcare consulting services market can be majorly attributed to the growing budget cuts, rising pricing pressure, changing healthcare policies/regulations, and increasing technological disruption in the healthcare industry. healthcare that resulted in a partnership between healthcare providers, payers and life. scientific enterprises with health care consulting firms.

However, the hidden costs of consulting services and data privacy concerns are likely to challenge the growth of the market in the coming years.

The operational consulting segment will hold the largest share of the healthcare consulting services market

Based on the type of service segment, the healthcare consulting services market is segmented into digital health consulting, IT consulting, strategy consulting, operational consulting, financial consulting, and human resources and talent consulting. The operations consulting segment accounted for the largest market share of 22.8% in 2020. The large share of this segment can be attributed to the transition of the healthcare industry from a fee-for-service model to a coordinated care model, leading to increased reliance on operations. consultants.

Healthcare providers will be the fastest growing end-user segment in the healthcare consulting services market

Based on end-user segment, the healthcare consulting services market is segmented into government agencies, healthcare providers, health insurance payers, pharmaceutical and biotechnology companies, and medical device companies. The healthcare provider segment is expected to witness the highest CAGR of 12.2% during the forecast period. The healthcare industry is undergoing significant transformation, with ever-changing regulatory guidelines and technological advancements, which is a significant factor driving the demand for healthcare consultants among hospitals and physician groups.

The United States will be the most important country for health care consulting services in North America

North America is expected to account for the largest share of 46.8% of the global healthcare consulting services market in 2021, followed by Europe (27.3%) and the global sway (17.5 %). reforms. In order to achieve clinical, financial and operational return on investment, healthcare organizations must be strategic in their selection, implementation and use of digital and IT systems. This has led various healthcare organizations to partner with healthcare consulting firms for the implementation, maintenance and training of these systems/solutions to improve organizational performance and drive growth. of the company.

Market dynamics

Drivers

  • Growing rate of digitization in healthcare

  • Increased Adoption of Big Data Analytics, IoT, and Cloud Deployment in Healthcare

  • Changing healthcare landscape with respect to regulatory compliance and technological evolution

  • Fewer in-house experts in end-use industries

  • Increasing level of government support for HCIT solutions

  • Growing need for structural changes and new business models in healthcare

  • Increase in the number of patients suffering from various chronic and infectious diseases

  • Growing need for data security

  • Growing pressure to reduce rising health care costs

Constraints

Opportunities

  • Growing demand for cloud consulting

  • Growing Potential for Healthcare Consulting Services in Emerging Markets

  • Increasing Consolidation in the Healthcare Sector

Challenges

Companies cited

For more information on this report, visit https://www.researchandmarkets.com/r/x2bxv5

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220119005699/en/

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