“The major players have a strong presence in the health consulting market and offer a wide range of services. Some of the major players in this market are Accenture (Ireland), Cognizant (US), Deloitte (UK), McKinsey & Company (US), PwC (UK), EY (UK).
The Healthcare Consulting Services Market research report gives a detailed analysis of the industry segments, opportunities, growth and size.
Key factors promoting growth:
The growth of this healthcare consulting services market is majorly driven by increasing digitization of healthcare, rise in demand to reduce rising healthcare costs, increasing adoption of big data analytics , IoT and cloud deployment, increasing disease burden worldwide, favorable changes in the HCIT landscape, government support for HCIT solutions and the need for data security.
Do not miss the business opportunities in Healthcare Consulting Services Market.
Expected revenue growth:
The global healthcare consulting services market is expected to reach USD 41.2 billion by 2026, from an estimated USD 23.9 billion in 2021, growing at a CAGR of 11.5%.
This report aims to provide detailed information about the global Healthcare Consulting Services market. It provides valuable insights into market type, procedure, application, and region. Moreover, the information for these segments, by region, is also presented in this report. Major market players are profiled to study their product offerings and understand the strategies undertaken by them to compete in this market.
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Strategy consulting and digital health segments to register the strongest growth in the market.
Based on type, the vendor services market is segmented into digital consulting, IT consulting, strategy consulting, operations consulting, financial consulting, and HR & talent consulting. The strategy consulting segment is expected to account for the 21.1% share of the healthcare consulting services market in 2021. The major role of consulting firms is to optimize efficiency, improve revenue generation, to bring about structural improvements in organizations and to guide management towards making better decisions and, in fact, improving the profit potential of the organization. Healthcare consulting services are emerging as powerful tools to reduce rising costs while improving the overall quality of healthcare. They help provide quality health care and lead to better clinical outcomes.
Healthcare providers will represent the fastest growing segment of the healthcare consulting services market.
The healthcare provider segment is expected to show a considerable level of growth over the coming years. Recent advances in healthcare and the COVID-19 crisis have dramatically increased the overall number of patients. This has forced the industry to face significant challenges, such as the need to move to more scalable business models designed to handle higher volumes of consumers, thereby increasing the demand for such consulting services.
The North American healthcare consulting services market will dominate the global market in 2021.
North America led the healthcare consulting services market, with a share of 46.8% in 2020, and is expected to register the highest CAGR of 9.3% during the forecast period. The developed infrastructure and growing demand for digitized technologies across North America is driving the implementation of different analytical solutions among industries. North America’s dominance in the market can be attributed to the strong economies of the United States and Canada, which have enabled significant investment in new technologies, advanced IT infrastructure, increased adoption of SaaS and regulatory requirements stringent in all areas. A shift of healthcare organizations towards emerging technologies and the growth in the implementation of digital strategies are likely to increase the adoption of healthcare consulting services offerings in North America.
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Some of the major players operating in the healthcare consulting services market are Accenture (Ireland), Cognizant (US), Deloitte (UK), McKinsey & Company (US), PwC (UK), EY (UK), Huron Consulting Group Inc. (US), KPMG (Netherlands), Boston Consulting Group (US), Bain & Company, Inc. (US) and IQVIA (US) United), among others.
The COVID-19 pandemic has had a significant impact on the world population and economy. Due to the pandemic, healthcare facilities face immense pressure to create a well-coordinated environment where all clinical and non-clinical functions are internally connected, and the organization operates in coordination with other health care units. health. The novel coronavirus pandemic has put enormous pressure on the functioning of the healthcare and life science industries. In November 2021, more than 255 million confirmed cases were reported worldwide, with more than 5 million deaths WHO. This situation has compelled governments around the world to take proactive measures to contain the outbreak.
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