Healthcare Consulting Services Market by Service (IT and Digitalization Consulting, Strategy Consulting, Operation Consulting, Financial Consulting, Research & Development Consulting, HR & Talent Management Consulting, Marketing & Sales, Healthcare Regulatory Solutions, Logistics Consulting, and Others) and by End-User (Pharmaceutical and Biotech Companies, Hospitals, Healthcare Insurance Providers, Research Institutes, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027

Global healthcare consulting services market expected to generate around USD 25.85 billion by 2027, at a CAGR of around 11.6% between 2019 and 2027. Healthcare consulting deals with offering specialist advice to healthcare-related businesses, such as pharmaceutical and medical device companies, hospitals, insurance providers, physicians, etc.

30-May-2019 | Number of pages: 110 | Report Code: ZMR-4170 | Report Format : | Status : Published

Analysis

Healthcare consulting deals with offering specialist advice to healthcare-related businesses, such as pharmaceutical and medical device companies, hospitals, insurance providers, physicians, etc. These consulting services are typically related to human resources, financial management, information technology, and regulatory solutions.

The demand for the internet of things (IoT) devices is increasing in the healthcare sector. Additionally, data sharing is gaining momentum among various companies in the healthcare ecosystem. The demand for healthcare consulting services is driven by the need to effectively integrate IoT in healthcare and ensure cybersecurity. The increasing geriatric population base across the world, on-going technological advancements in the healthcare sector, and 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.

Global Healthcare Consulting Services Market

The global healthcare consulting services market is fragmented based on service and end-user. Based on service, the market is categorized into IT and digitalization consulting, strategy consulting, operation consulting, financial consulting, research and development consulting, HR and talent management consulting, marketing and sales, healthcare regulatory solutions, logistics consulting, and others. The financial consulting segment held the largest market share in 2018, whereas the strategy consulting segment is expected to grow rapidly over the forecast time period. Based on end-user, the market includes hospitals, pharmaceutical and biotech companies, research institutes, healthcare insurance providers, and others. Hospitals held the largest market share in 2018, whereas pharmaceutical and biotech companies will register the highest CAGR in the upcoming years.

North America dominated the global healthcare consulting services market, with a revenue share of about 45%, 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. North America is projected to hold the leading market position over the forecast time period as well, owing to the growing pricing pressure on pharmaceutical companies and increasing merger and acquisition activities in the region. Asia Pacific will register the highest CAGR over the estimated time period in the global healthcare consulting services market, owing to the increasing need to reduce healthcare costs, rising demand for remote patient monitoring and care, increasing aging population in developing countries like India and China.

Some major players operating in the global healthcare consulting services market include McKinsey & Company, Accenture, Cognizant, Huron Consulting, Deloitte, PWC, The Boston Consulting Group, Ernst & Young, KPMG, and Bain & Company.


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