The Global Healthcare Consulting Services Market is estimated to grow at a CAGR of ~10% during the forecast period 2019-2025. As per the market study, the global healthcare consulting services industry is anticipated to reach US$ 17 Billion by the end of the year 2025.
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Healthcare consulting services are high in demand majorly due to technological advancements in integration with healthcare services, increasing demand for value-based services and growing geriatric population.
Healthcare consulting services optimize the operational dynamics of the healthcare industry. The efficiency of the sector majorly relies upon optimized management and skilled workforce. Healthcare consulting services provide ability to focus on patient care, management and integration of electronic health records (EHRs) and increased responsiveness, flexibility, availability and predictable costs in healthcare and other related facilities.
The healthcare consulting offered for various types of services from back office to the doctor’s office such as HR & talent consulting, strategy consulting, financial consulting, operations consulting, IT consulting and digital consulting that support efficient and affordable healthcare. Among these, digital consulting dominated the market share in 2019, due to shift of working model of healthcare facilities from paper-based to web-based/digital-based in some key regions coupled with increasing healthcare expenditure by countries to acquire intelligent hospital systems considering smooth workflow and accurate data management.
Healthcare consulting services penetration is not limited to healthcare providing bodies, but recorded an expansion in different end-users such as government bodies, healthcare payers and among life science companies.
Regional analysis of the Healthcare Consulting Services Market
North America dominated the healthcare consulting services market due to rising pressure on pharmaceutical companies and the region is anticipated to grow at significant growth rate during the forecast period 2019-2025. North America’s healthcare spending has been outpacing its GDP growth from last 40 years, and players involved in healthcare consulting services are working with public and private healthcare leaders to identify innovative ways to handle the key challenges faced by healthcare facilities.
The Asia-Pacific healthcare consulting services market is anticipated to witness lucrative growth opportunities, owing to large patient base in the region along with improving healthcare infrastructure and raising healthcare quality in the emerging market through digital health ecosystem solutions. The
European healthcare consulting services industry is growing at substantial growth over the future period, owing to improving healthcare quality and easy accessibility of healthcare services with national health systems and public payers and providers. While on the other hand, the Middle East and African region are witnessing growth on the basis of government capabilities that is delivering high quality healthcare outcomes.
Competitive Landscape of the Healthcare Consulting Services Market
The global healthcare consulting services market is dominated by some major players such as McKinsey & Company, Accenture, Cognizant, Deloitte Consulting, KPMG, The Boston consulting group and Huron consulting among Others. These players are adopting various competitive strategies to withhold majority of the market share in the global marketplace.
Companies help their clients by offering services related to advanced analytics, digital strategy and transformation, business building, healthcare innovation, Medicaid, medical cost management and others.
Segmentation Overview of the Global Healthcare Consulting Services Market
The global healthcare consulting services market is categorized on the basis of various segments including— on the basis of type of service, end-user and region. These segments are further categorized to get detailed insights of the global marketplace.
By Types of Service, the healthcare consulting services industry is segmented into:
- HR & Talent Consulting
- Operations Consulting
- Digital Consulting
- Financial Consulting
- Strategy Consulting
- IT Consulting
By End User, the healthcare consulting services industry is segmented into:
- Government Bodies
- Providers
- Payers
- Life Science Companies
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