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In 2022, the market for healthcare IT consulting was estimated to be worth $21.18 billion. By 2030, it is expected to have grown to $103.16 billion, with a CAGR of 18.7% from 2023 to 2030.
Healthcare consultancy aids businesses in navigating the issues that the sector frequently faces. These advisory groups take the shape of large consulting businesses with a focus on the healthcare industry. A healthcare consulting company serves as a hired consultant to a certain healthcare industry player. The healthcare sector is always becoming more complex due to rapidly changing market dynamics, regulatory pressures, and customer expectations. The foundation of healthcare consulting competence is a thorough grasp of every stakeholder throughout the value chain, from payers, medication developers, and manufacturers, to physicians and patients. The healthcare consulting service has several advantages, including fostering innovation, cutting expenses, maximizing digital technologies, and producing maximum, long-term value.
White papers, annual reports, corporate house documents, directories, databases including Hoovers, Bloomberg Business, Factiva, and OneSource, as well as firm SEC filings were all heavily consulted for this study. The detailed, technical, market-focused, and commercial analysis of the HCIT consulting services industry uses secondary research primarily to locate and gather information. Additionally, it was utilized to gather important data on market segmentation and categorization in accordance with regional markets, industry trends, and technological and market changes. Numerous industry experts from core and allied industries, as well as manufacturers, service providers, technology developers, researchers, and organizations connected to all links in the value chain of this business, were the primary sources for this study.
The strict government restrictions everywhere are one of the main factors anticipated to boost growth of the global healthcare IT consulting market over the forecast period. Government restrictions that are particularly strict in the healthcare IT sector have boosted demand for consulting services. For instance, the Health Insurance Portability and Accountability Act (HIPAA) in the United States places a strong emphasis on advancing healthcare IT, testing it in businesses, and enhancing the privacy and security of electronic health data. Additionally, there are many rules and regulations that examine different facets of healthcare IT difficulties.
The fast use of digitalization (healthcare IT services or solutions) in healthcare around the globe is another factor boosting the growth of the global healthcare IT consulting market. By enhancing the caliber of patient treatment, for instance, information technology aims to improve the population's general health. The amount of data that healthcare institutions must manage is expanding quickly along with the digitization of the healthcare sector and the development of new technologies like the Internet of Things (IoT) and artificial intelligence (AI). As a result, the market for healthcare IT consulting is expanding.
Increased prevalence of infectious or chronic diseases is anticipated to create sizable growth prospects for companies offering healthcare IT consulting services. For instance, the research indicates that digital health solutions can assist patients with chronic heart disease in engaging in behaviors that are beneficial to their health, provide them more control over their lives, and increase their adherence to treatment. Additionally, this may result in fewer hospital stays and lower medical expenses. Cardiovascular diseases (CVDs), which claim an estimated 17.9 million lives annually, are the leading cause of mortality worldwide, according to the World Health Organization (WHO).
The healthcare IT consulting market is examined in each of the following regions: North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America held the largest market share for healthcare IT consulting, and it is projected that it will continue to hold this position during the forecast period. The presence of key players offering healthcare consulting services to large hospitals that need integrated healthcare networks and the high adoption rate of these services by healthcare organizations to improve patient care and business operations across the healthcare systems are some of the major factors influencing the increased preference for HCIT solutions.
The Healthcare IT Consulting Industry's second-largest contributor in 2021, Asia-Pacific is anticipated to grow at the quickest rate over the projection period. The demand for patient care and monitoring software devices, combined with highly populated nations with high birth rates and a high prevalence of chronic diseases, are all contributing factors to the market expansion in the Asia-Pacific region. Additionally, it is anticipated that rising patient awareness and the existence of significant unmet needs in these countries, particularly in China and India, will contribute to the market's expansion.
Report Coverage
Global Healthcare IT Consulting research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Healthcare IT Consulting report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Healthcare IT Consulting competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Healthcare IT Consulting market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Healthcare IT Consulting market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Healthcare IT Consulting market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accenture plc (Ireland), Cognizant Technology Solutions Corporation (U.S.), Deloitte Touche Tohmatsu Limited (U.S.), Cerner Corporation (U.S.), Siemens Healthineers (Germany), McKesson Corporation (U.S.), Epic Systems Corporation (U.S.), IBM Corporation (U.S.), General Electric Company (U.S.), Tata Consultancy Services Limited (India), Koninklijke Philips N.V. (Netherlands), NTT DATA Corporation (Japan), Infor Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), and Oracle Corporation (U.S.), Genpact Limited, McKesson Corporation, Koninklinjke Philips.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Healthcare IT Consulting market based on the below-mentioned segments:
Global Healthcare IT Consulting Market, By Consulting Type
Healthcare application analysis, design, and development
HCIT strategy and project/program management
HCIT integration and migration
HCIT change management
Healthcare/medical system and security set-up and risk assessment
Healthcare enterprise reporting and data analytics services
Healthcare business process management
Others
Global Healthcare IT Consulting Market, By End User
Hospitals and Ambulatory Care Centers
Diagnostic and Imaging Centers
Public and Private Payers
Other End Users
Global Healthcare IT Consulting market, Regional Analysis
Healthcare consultancy aids businesses in navigating the issues that the sector frequently faces. These advisory groups take the shape of large consulting businesses with a focus on the healthcare industry. A healthcare consulting company serves as a hired consultant to a certain healthcare industry player. The healthcare sector is always becoming more complex due to rapidly changing market dynamics, regulatory pressures, and customer expectations. The foundation of healthcare consulting competence is a thorough grasp of every stakeholder throughout the value chain, from payers, medication developers, and manufacturers, to physicians and patients. The healthcare consulting service has several advantages, including fostering innovation, cutting expenses, maximizing digital technologies, and producing maximum, long-term value.
White papers, annual reports, corporate house documents, directories, databases including Hoovers, Bloomberg Business, Factiva, and OneSource, as well as firm SEC filings were all heavily consulted for this study. The detailed, technical, market-focused, and commercial analysis of the HCIT consulting services industry uses secondary research primarily to locate and gather information. Additionally, it was utilized to gather important data on market segmentation and categorization in accordance with regional markets, industry trends, and technological and market changes. Numerous industry experts from core and allied industries, as well as manufacturers, service providers, technology developers, researchers, and organizations connected to all links in the value chain of this business, were the primary sources for this study.
The strict government restrictions everywhere are one of the main factors anticipated to boost growth of the global healthcare IT consulting market over the forecast period. Government restrictions that are particularly strict in the healthcare IT sector have boosted demand for consulting services. For instance, the Health Insurance Portability and Accountability Act (HIPAA) in the United States places a strong emphasis on advancing healthcare IT, testing it in businesses, and enhancing the privacy and security of electronic health data. Additionally, there are many rules and regulations that examine different facets of healthcare IT difficulties.
The fast use of digitalization (healthcare IT services or solutions) in healthcare around the globe is another factor boosting the growth of the global healthcare IT consulting market. By enhancing the caliber of patient treatment, for instance, information technology aims to improve the population's general health. The amount of data that healthcare institutions must manage is expanding quickly along with the digitization of the healthcare sector and the development of new technologies like the Internet of Things (IoT) and artificial intelligence (AI). As a result, the market for healthcare IT consulting is expanding.
Increased prevalence of infectious or chronic diseases is anticipated to create sizable growth prospects for companies offering healthcare IT consulting services. For instance, the research indicates that digital health solutions can assist patients with chronic heart disease in engaging in behaviors that are beneficial to their health, provide them more control over their lives, and increase their adherence to treatment. Additionally, this may result in fewer hospital stays and lower medical expenses. Cardiovascular diseases (CVDs), which claim an estimated 17.9 million lives annually, are the leading cause of mortality worldwide, according to the World Health Organization (WHO).
The healthcare IT consulting market is examined in each of the following regions: North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America held the largest market share for healthcare IT consulting, and it is projected that it will continue to hold this position during the forecast period. The presence of key players offering healthcare consulting services to large hospitals that need integrated healthcare networks and the high adoption rate of these services by healthcare organizations to improve patient care and business operations across the healthcare systems are some of the major factors influencing the increased preference for HCIT solutions.
The Healthcare IT Consulting Industry's second-largest contributor in 2021, Asia-Pacific is anticipated to grow at the quickest rate over the projection period. The demand for patient care and monitoring software devices, combined with highly populated nations with high birth rates and a high prevalence of chronic diseases, are all contributing factors to the market expansion in the Asia-Pacific region. Additionally, it is anticipated that rising patient awareness and the existence of significant unmet needs in these countries, particularly in China and India, will contribute to the market's expansion.
Report Coverage
Global Healthcare IT Consulting research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Healthcare IT Consulting report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Healthcare IT Consulting competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Healthcare IT Consulting market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Accenture plc (Ireland), Cognizant Technology Solutions Corporation (U.S.), Deloitte Touche Tohmatsu Limited (U.S.), Cerner Corporation (U.S.), Siemens Healthineers (Germany), McKesson Corporation (U.S.), Epic Systems Corporation (U.S.), IBM Corporation (U.S.), General Electric Company (U.S.), Tata Consultancy Services Limited (India), Koninklijke Philips N.V. (Netherlands), NTT DATA Corporation (Japan), Infor Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), and Oracle Corporation (U.S.), Genpact Limited, McKesson Corporation, Koninklinjke Philips. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Healthcare IT Consulting Market from 2021 to 2030.
- Market Forecast for Healthcare IT Consulting Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Healthcare IT Consulting competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Healthcare IT Consulting
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Healthcare IT Consulting market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Healthcare IT Consulting market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accenture plc (Ireland), Cognizant Technology Solutions Corporation (U.S.), Deloitte Touche Tohmatsu Limited (U.S.), Cerner Corporation (U.S.), Siemens Healthineers (Germany), McKesson Corporation (U.S.), Epic Systems Corporation (U.S.), IBM Corporation (U.S.), General Electric Company (U.S.), Tata Consultancy Services Limited (India), Koninklijke Philips N.V. (Netherlands), NTT DATA Corporation (Japan), Infor Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), and Oracle Corporation (U.S.), Genpact Limited, McKesson Corporation, Koninklinjke Philips.
Primary Target Market
- Market Players of Healthcare IT Consulting
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Healthcare IT Consulting market based on the below-mentioned segments:
Global Healthcare IT Consulting Market, By Consulting Type
Healthcare application analysis, design, and development
HCIT strategy and project/program management
HCIT integration and migration
HCIT change management
Healthcare/medical system and security set-up and risk assessment
Healthcare enterprise reporting and data analytics services
Healthcare business process management
Others
Global Healthcare IT Consulting Market, By End User
Hospitals and Ambulatory Care Centers
Diagnostic and Imaging Centers
Public and Private Payers
Other End Users
Global Healthcare IT Consulting market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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