BrandEseence Logo

Healthcare Consulting Services Market

Healthcare Consulting Services Market Size, Share & Trends Analysis Report

Healthcare Consulting Services Market Size Share Companies & Trends Analysis Report By Type Of Service(IT Consulting, Strategy Consulting, Financial Consulting, Digital Consulting, Operations Consulting, HR & Talent Consulting), By End-User(Life Science Companies, Payers, Providers, Government Bodies), Based On Region And Segment Forecasts 2022 - 2029

Published
Report ID : BMRC 438
Number of pages : 300
Published Date : Jan 2023
Category : Healthcare
Delivery Timeline : 48 hrs

Healthcare Consulting Services Market is valued at USD 19.99 billion in 2022 and is expected to reach USD 35.85 billion in 2029, growing at a CAGR of 8.7% from 2022 to 2029.

The global healthcare consulting services market is expected to grow at a significant growth rate due to the various number of driving factors.

Market Analysis:

Major technological advancement such as interoperability, advanced analytics, machine learning, digitization, the Internet of Things etc. have found in large number of applications in healthcare and present important opportunities to address the half a trillion dollars of annual spending resulting from low productivity and waste. The rising costs of healthcare, mainly the result of an ageing population in combination with a rising life expectancy, is putting pressure on governments and healthcare institutions to manage spiraling cost levels. Also, changing consumer expectations are driving up expectations on all aspects of healthcare, from direct healthcare quality to the operations around health services.

Healthcare consulting services majorly includes; financial planning, operations management, feasibility study, strategic planning, marketing strategy, business report, branding, HR planning, hospital software, infrastructure planning and facility planning. All these services helps to foster the efficiency of the present system to be more productive and effective. These consulting services can upgrade the system and help the organization to compete strongly in the healthcare market. The major advantages of these services include; ability to focus on patient attention and care, increased flexibility, responsiveness and availability, predictable costs, integration and management of electronic health records (EHRs) and others which are expected to foster the growth of global healthcare consulting services market

Healthcare consulting deals with offering specialist advice to healthcare-related businesses, such as pharmaceutical and medical device companies, hospitals, insurance providers, physicians, etc. Healthcare consulting service providers have the team of consultants/managers to work without disturbing any day-to-day activities of the institution. They are deputing their functional authorities to guide and train the workforce of that institution the way forward. Their team helps to get the right things done at the right time and the right place. To be precise, it acts as a catalyst to generate a positive product through this chemical reaction without getting affected either of the compounds. Moreover, healthcare consultants are management analysts employed by the healthcare industry. They examine the efficiency, profits and structure of the organization, and then offer suggestions on methods of improvement. As healthcare organizations continue to struggle with the reimbursement and the costs of technology and compliance, mergers and acquisitions (M&A) have become an avenue for revenue and market share growth.

Healthcare consulting services market report is segmented on the basis of type of service, end-users and region & country level. Based upon type of service, healthcare consulting services market is segmented into IT consulting, digital consulting, financial consulting, operations consulting, strategy consulting, HR & talent consulting. Based upon end-user, healthcare consulting services market is segmented into life science companies, payers, providers, government bodies and others.

The increasing geriatric population base across the world, on-going technological advancements in the healthcare sector and the growing significance of value-based care are driving the healthcare consulting services. Furthermore, the demand for healthcare consulting services that support integrated payer-provider risk sharing, public-private partnerships, and other clinical integration agreements is increasing at a rapid pace, which is also fuelling this market development. However, data confidentiality concerns and the high price of services may hamper the healthcare consulting services market growth in the future. Alternatively, rapid digitization in the healthcare industry and the consolidation of the U.S. healthcare market are likely to create new growth opportunities in the healthcare consulting services market.

However, increasing end-user concerns regarding the confidentiality in healthcare consulting services may hamper for the market growth. Moreover, the need to optimize the operational dynamics of the global healthcare industry has given a strong impetus to the growth of the global market for healthcare consulting services. The efficiency of the healthcare sector largely depends on the proper management and training of workers and practitioners. This factor has also played an integral role in the growth of the global healthcare consulting services market.

Key Players:

  • Accenture 
  • McKinsey & Company 
  • Cognizant 
  • Deloitte Consulting 
  • KPMG 
  • McKinsey & Company 
  • The Boston consulting group 
  • Huron consulting and 
  • Ernst & Young 
  • Others.

Segmentation:

By Type of Service:

  • IT Consulting
  • Strategy Consulting
  • Financial Consulting
  • Digital Consulting
  • Operations Consulting
  • HR & Talent Consulting

By End-User:

  • Life Science Companies
  • Payers
  • Providers
  • Government Bodies

Increasing Geriatric Population is One of the Major Factors Driving the Market Growth.

Value based installment models expect doctors to convey the best results while overseeing assets suitably. Doctors have since quite a while ago centered around nature of consideration, however in a moderately new advancement, they currently need to focus on asset use also, with the objective of decreasing generally speaking expense of consideration. strategy and installment change drives a great part of the medicinal services industry's turn toward value based consideration—giving the best results at an ideal cost. In addition, increasing healthcare spending and improving healthcare industry are also supplementing the growth of global healthcare consulting services market. The need for a seamless organizational structure within the healthcare sector has generated various opportunities for the further market growth.

North America is dominating the global healthcare consulting services market globally and held about XX%, in 2018. The increasing need for value-based care, rising geriatric population base, and technological advancements are prominent factors driving the North American healthcare consulting services market growth. The region is projected to hold the leading market position over the forecast period as well, owing to the growing pricing pressure on pharmaceutical companies and increasing merger and acquisition activities in the region. The U.S. is a major market in the region, followed by Canada. The U.S. dominated the North America healthcare consulting services market with a XX% share, due to the increasing number of partnerships among the healthcare companies, technological advancements, and growing adoption of healthcare consulting services by hospitals and healthcare service providers in this country.

In 2018, the second largest regional healthcare consulting services market was Europe, due to the increasing demand for healthcare consulting services for efficient delivery of healthcare services, a growing number of mergers and acquisitions among the healthcare players, and rising need to reduce healthcare costs. Germany, UK, and France are major countries in the European healthcare consulting services market in this region. Germany contributed the largest revenue share, of about XX%, followed by the UK.

On Special Requirement Healthcare Consulting Services Market Report is also available for below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis Details
Historical data 2016 - 2021
Forecast Period 2022 - 2029
Market Size in 2022: USD 19.99 Billion 
Base year considered 2022
Forecast Period CAGR %:

8.7%

Market Size Expected in 2029: USD 35.85 Billion 
Tables, Charts & Figures: 175
Pages 300
Healthcare Consulting Services Companies Accenture, McKinsey & Company, Cognizant, Deloitte Consulting, KPMG, McKinsey & Company, The Boston consulting group, Huron consulting and Ernst & Young and others.
Segments Covered By Type of Service, By End-User
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Type of Service:

  • IT Consulting
  • Strategy Consulting
  • Financial Consulting
  • Digital Consulting
  • Operations Consulting
  • HR & Talent Consulting

By End-User:

  • Life Science Companies
  • Payers
  • Providers
  • Government Bodies
Country
Regions and Country

North America

  • U.S.
    U.S.
  • Canada
    Canada

Europe

  • Germany
    Germany
  • France
    France
  • U.K.
    U.K.
  • Italy
    Italy
  • Spain
    Spain
  • Sweden
    Sweden
  • Netherlands
    Netherlands
  • Turkey
    Turkey
  • Switzerland
    Switzerland
  • Belgium
    Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
    South Korea
  • Japan
    Japan
  • China
    China
  • India
    India
  • Australia
    Australia
  • Philippines
    Philippines
  • Singapore
    Singapore
  • Malaysia
    Malaysia
  • Thailand
    Thailand
  • Indonesia
    Indonesia
  • Rest of APAC

Latin America

  • Mexico
    Mexico
  • Colombia
    Colombia
  • Brazil
    Brazil
  • Argentina
    Argentina
  • Peru
    Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
    Saudi Arabia
  • UAE
    UAE
  • Egypt
    Egypt
  • South Africa
    South Africa
  • Rest of MEA
Company
Key Players
  • Accenture
  • McKinsey & Company
  • Cognizant
  • Deloitte Consulting
  • KPMG
  • The Boston consulting group
  • Huron consulting and Ernst & Young
  • IQVIA
  • Bain & Company
  • EY
  • PwC
  • L.E.K. Consulting
  • PA Consulting
  • Alvarez & Marsal
  • Nextcontinent
  • YCP Solidiance
  • others

+44-1173181773

sales@brandessenceresearch.com

We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us hr@brandessenceresearch.com

JOIN US

LONDON OFFICE

BrandEssence® Market Research and Consulting Pvt ltd.

124, City Road, London EC1V 2NX

FOLLOW US

Twitter
Facebook
LinkedIn
Skype
YouTube

CONTACT US

1-888-853-7040 - U.S. (TOLL FREE)
+44-1173181773 - U.K. OFFICE
+91-7447409162 - INDIA OFFICE

© Copyright 2023-24 BrandEssence® Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence®

PaymentModes