Healthcare Consulting Services Market Research Report - Global Forecast till 2024
Global Healthcare Consulting Services Market is expected to register a CAGR of 10.4% during the forecast period of 2019 to 2024.
Global Healthcare Consulting Services Market Research Report by Type of Service (IT Consulting and Digital Consulting), Component (Solutions and Services), Application (Operations Management, Financial and Population Health) and End User (Hospitals, Clinics and Life Science Companies) - Forecast till 2024
The Global Healthcare Consulting Services Market is expected to register a CAGR of 10.4% during the forecast period of 2019 to 2024. Healthcare consultant or healthcare consulting services is referred to a business associated with providing services which are used by healthcare companies, hospitals, clinics, to implement a new strategy for proper management of various activities such as accounting, marketing, finance, insurance in the healthcare industry.
The healthcare consulting services help in the smooth functioning of different activities in less amount of time by increasing the connectivity and simplifying the process in the healthcare sector.
There is an increase in demand for healthcare consulting services across the globe due to the increasing globalization, rising demand for healthcare products and the addition of a new feature in the healthcare industry. The increasing competition in the healthcare sector has encouraged major companies to focus on the improvement of their business strategies along with the development of product development, manufacturing, designing, and marketing.
However, factors such as the availability of similar technology and low product differentiation may hamper the market growth.
Key players for Global Healthcare Consulting Services Market
Accenture Consulting (US)
McKinsey and Company (US)
Deloitte Consulting (US)
Ernst and Young (UK)
Bain and Company (US)
Deloitte Touche Tohmatsu Limited (US)
Huron Consulting (US)
The Boston Consulting Group (US)
The global healthcare consulting services market is segmented on the basis of type of service, component, application, and end user.
On the basis of the type of service, the global healthcare consulting services market is categorized into IT consulting, digital consulting, financial consulting, operations consulting, and strategy consulting.
On the basis of the component, the global healthcare consulting services market is segmented into services, software, and hardware. On the basis of application, the market is segmented into operations management, financial, population health, and clinical. On the basis of operations management, the market is sub-segmented into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling. Based on population health the market is sub-segmented into
population risk management, patient engagement, population therapy management, and others. On the basis of finance, the market is sub-segmented into revenue cycle management, fraud detection, and others. Based on clinical the market is sub-segmented into quality benchmarking, patient care enhancement, and clinical outcome analysis and management.
On the basis of the end user, the market is segmented into hospitals and clinics, life science companies, and government bodies.
The Americas dominate the global healthcare consulting services market due to the presence of a large number of healthcare companies and increasing competition in the healthcare industry. To compete and lead the market the healthcare companies prefer consulting service provider for new strategies and solutions. American Healthcare Consulting, LLC is one of the healthcare consulting firms focuses on patient care, helps hospitals in managing their billing process, procurement of products and other activities.
The global healthcare consulting services market in Europe is the second largest. Factors such as rising government support for the healthcare sector, huge patient population and an increasing number of hospitals in this region support the market growth. Also, the rising adoption of software related to life sciences by key companies helps in increase of the demand for healthcare consulting services in this region.
Asia-Pacific region is the fastest growing market owing to the presence of developing economies like India, China, and Australia. Moreover, the rising initiatives taken by public and private organizations fuel the growth of the healthcare consulting services in major countries in Asia-Pacific region.
On the other hand, the Middle East & Africa has the least share in the global healthcare consulting services market. This can be attributed to the presence of poor economies, low awareness and lack of healthcare infrastructure affect the market growth.
Biotechnological Institutes Hospitals and Clinics
Ambulatory Care Centers & Home Care Settings
Pharmaceutical & Biotech Companies
Government Healthcare Institutes
Medical Research Laboratories
Market Research and Consulting Service Providers