Healthcare Consulting Services Market by Type of Service (Digital Health, IT, Operations, Strategy, Financial, HR & Talent), End User (Government Bodies, Healthcare Providers, Pharmaceutical & Biotechnology Companies), and Region - Global Forecasts to 2026
The global healthcare consulting services market size is projected to reach USD 41.2 billion by 2026, at a CAGR of 11.5% during the forecast period. The major factors driving the growth of this market include growing digitization in healthcare, increasing adoption of big data analytics, IoT, and cloud deployment, favorable changes in the HCIT landscape, government support for HCIT solutions, and the need for data security. On the other hand, concerns regarding data confidentiality and hidden costs of consulting services are expected to hamper the market growth to a certain extent in the coming years.
To know about the assumptions considered for the study, Request for Free Sample Report
Healthcare Consulting Services Market Growth Dynamics
Drivers: Increasing pressure to reduce the rising healthcare costs
Cost savings forms an important consideration in consulting, as by adopting these services, companies can reduce costs on multiple factors, including resource management, operations, human capital, and space. There is an increased level of pressure on the margins of healthcare payers due to the rise of health insurance exchanges (online marketplaces to obtain health insurance from competing providers) in certain countries. Healthcare reforms have driven hospitals and other care providers to realign their operations to accommodate millions of uninsured people and comply with new regulatory requirements. Hospitals are now recognizing the importance of using the right communication and technology solutions and are in turn opting for healthcare consultants to select the models best suited to their needs. The demand to update existing technology to boost efficiency and lower costs is thus driving the growth healthcare consulting services market. However, shrinking healthcare budgets remain a challenge for market players.
In addition, the need to reduce costs through the effective use of technology and the optimum utilization of financial resources will help in improving the penetration rate of healthcare consulting services. Hence, a large number of healthcare payers and providers are expected to depend on healthcare consulting firms to improve their work efficiency and business processes. As healthcare continues to take up a larger part of the overall economy, structural changes, such as a greater push towards paying for value, greater emphasis on care management, and increased cost-sharing with consumers, are taking a stronger hold, pulling back against the rapid healthcare spending growth. Though medical costs have hovered around the same level, between 6% and 7%, over the last five years, the aforementioned factors are expected to drive healthcare expenditure. Rising healthcare costs and increasing pressure to curtail the same without impacting the quality of care are thus expected to considerably boost the growth of global healthcare consulting services.
Restraints: Increasing number of hidden costs of consulting services
Most healthcare consultants have a specific focus area of expertise (operations, strategy, finance, etc.) or an industry they specialize in. Companies identify a need for consultants when a significant change must be facilitated to reach business goals or solve complex business problems. These skills may not exist inside the business, or full-time employees do not have the capacity to facilitate the change or solution. Consulting firms, therefore, lease their expertise to a client for a defined period with set outcomes and goals to help the organization move forward.
Improper planning and financial allotment for consulting activities often negatively impact cost savings and the business value that can be derived from consulting. Companies planning finances while opting for consulting services fail to consider unforeseen costs, such as those incurred while evaluating and selecting a vendor, managing offshore contracts, process transition, and enhancing security and severance pay for employees. Calculating the total cost of consulting services, especially IT, has always been a challenge, but the changing nature of IT coupled with unexpected expenses expose organizations to even more hidden charges. In many consulting engagements, the role of the retained technology resources is evolving along with the organizations realignment around business outcomes and product centricity. The cost to onboard the necessary skills, orient managed services providers, and restructure essential controls is significant and not contemplated in most consulting agreements. Even as other IT service areas have embraced outcome-based pricing, consulting is still largely charged on a time and materials basis, which may incur additional costs at times. Such hidden costs are thus likely to limit the market growth to some extent during the forecast period.
Opportunities: Increasing consolidation in the healthcare industry
Over the last few years, there has been a consistent rise in the number of merger and acquisition activities in the healthcare industry. During merger activities, synchronizing the digital and IT infrastructure of multiple entities is a very challenging task. In this regard, IT departments must handle data migration and synchronization and the ongoing management of electronic medical records. In addition, old and incompatible systems must be remodified across the expanding enterprise, which is an expensive and time-consuming process. There are also challenges in intra-enterprise communication and data sharing, along with the growing demand for anytime-anywhere access to patient data.
The involvement of experienced digital health & IT consultants in these activities can help synchronize and standardize systems across the enterprise/organization. This approach also allows consolidation of patient medical records and associated data from multiple departments and locations into a unified system, which helps standardize patient data access and archiving across the enterprise, thus enabling advanced data mining, simplified data management, and optimized disaster recovery. With the increasing number of mergers and acquisitions in the healthcare industry, an increasing number of clients are expected to require the support of healthcare consultants to overcome related challenges seamlessly and cost-effectively.
Challenges: Rising number of multi-sourcing approaches
Rather than using a one-size-fits-all approach, a growing number of businesses are breaking up larger consulting contracts into smaller pieces and employing the services of several suppliers to carry out tasks. Healthcare organizations are slowly adopting the multi-sourcing model as consulting firms do not necessarily hold expertise in each practice area. In this regard, healthcare providers, payers, and government organizations are pushing multiple consulting firms to collaborate to deliver projects. However, multi-sourcing could have its problems and issues as it requires effective and robust service integration between suppliers. This might negatively impact the profitability of consulting firms.
North America holds the largest share in the healthcare consulting services market
North America dominated the healthcare consulting services market, with a share of 46.8% in 2021, followed by Europe (27.3%) and the RoW (17.5%). The availability of government funding for the development of state-wide and nation-wide healthcare information exchange, the increased preference for HCIT solutions, the increased number of favorable initiatives by regional governments during the COVID-19 pandemic, the presence of large hospitals that demand integrated healthcare networks, the presence of major players offering healthcare consulting services, and high adoption rate of these services by healthcare organizations to improve care coordination, patient care, and business operations across the health systems are some of the key factors driving the adoption of healthcare consulting services in the region.
To know about the assumptions considered for the study, download the pdf brochure
Healthcare Consulting Services Market Key Players
The key players have a strong foothold in the market and offer a wide range of services. Some of the key players in this market are Accenture (Ireland), Cognizant (US), Deloitte (UK), McKinsey & Company (US), PwC (UK), EY (UK), Huron Consulting Group Inc. (US), KPMG (Netherlands), Boston Consulting Group (US), Bain & Company, Inc. (US), and IQVIA (US) are some of the major players in this market.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Base year considered |
2020 |
|
Forecast period |
20212026 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
By Type of Service, By End User & By Region |
|
Geographies covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Companies covered |
The major market players include Accenture (Ireland), Cognizant (US), Deloitte (UK), McKinsey & Company (US), PwC (UK), EY (UK), Huron Consulting Group Inc. (US), KPMG (Netherlands), Boston Consulting Group (US), Bain & Company, Inc. (US), and IQVIA (US). (Total 11 companies) |
Report categorizes the healthcare consulting services market into the following segments and subsegments:
By Type of Service
- Digital Health Consulting
- IT Consulting
- Operations Consulting
- Strategy Consulting
- Financial Consulting
- HR & Talent Consulting
By End User
- Government Bodies
- Healthcare Providers
- Health Insurance Payers
- Pharmaceutical & Biotechnology Companies
- Medical Device Companies
By Region
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
Recent Developments
- In April 2021, Cognizant (US) acquired Servian, an enterprise transformation consultancy, to expand Cognizant's integrated, end-to-end digital transformation capabilities in Australia and New Zealand and help clients move to the cloud, build digital products and services, unlock value from data, modernize enterprise applications, and achieve operational excellence.
- In April 2021, PwC (UK) opened a new facility - Acceleration Centre (AC) office in Hyderabad, which is designed to be a truly cross-functional and collaborative location
- In February 2021, Huron Consulting Group (US) acquired Unico Solution (US) to strengthen Hurons data management and governance capabilities to help clients better manage their data to optimize their operations and drive cloud adoption.
- In December 2020, Deloitte (UK) expanded the alliance to bring together Deloittes experience in public sector consulting and services with Google Clouds network, infrastructure, security, and leading capabilities in artificial intelligence, machine learning, and analytics to help public sector organizations transform digitally.
- In May 2020, IQVIA launched HCP/HCO Engagement Management, an end-to-end, orchestrated healthcare professional/organization (HCP/HCO) solution that enables the planning, management, contracting, and payment of HCP/HCOs globally
Frequently Asked Questions (FAQ):
What is the market size of the healthcare consulting services market?
The global healthcare consulting services market is projected to reach USD 41.2 billion by 2026 from an estimated USD 23.9 billion in 2021, at a CAGR of 11.5% during the forecast period.
What are some of the major drivers for this market?
The major factors driving the growth of this market include growing digitization in healthcare, need for structural changes & new business models in the healthcare industry, increasing adoption of big data analytics, IoT, and cloud deployment, increasing pressure to reduce rising healthcare costs, large patient pool suffering from various chronic and infectious diseases, favorable changes in the healthcare landscape, government support for HCIT solutions, and the need for data security.
Who are the major players in the healthcare consulting services market?
Some of the prominent players operating in the healthcare consulting services market are Accenture (Ireland), Cognizant (US), Deloitte (UK), McKinsey & Company (US), PwC (UK), EY (UK), Huron Consulting Group Inc. (US), KPMG (Netherlands), Boston Consulting Group (US), Bain & Company, Inc. (US), and IQVIA (US).
What is the impact of COVID-19 on the healthcare consulting services market?
The pandemic has profoundly impacted independent consulting, leaving the reduced business, reduced income, and delayed project work. However, pharma & healthcare were among the three sectors of consulting (along with chemicals and agriculture) that were least exposed to a drop in earnings during the pandemic. The state of urgency to combat the outbreak has led healthcare providers, payers, pharma & biotech companies, medical device companies, and government bodies to adopt advanced technologies, solutions, and services, exceeding traditional avenues to improve workflows.
Which region has the highest growth potential in the healthcare consulting services market?
North America dominated the healthcare consulting services market, with a share of 46.8% in 2020, and is expected to show similar trend in the coming years. While Asia Pacific held 17.5% of the global market share in 2020, it is expected to register the highest CAGR of 14.0% during the forecast period. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 16)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.2.2 MARKET SEGMENTATION
1.2.3 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 20)
2.1 RESEARCH DATA
2.2 RESEARCH METHODOLOGY STEPS
FIGURE 1 RESEARCH METHODOLOGY: HEALTHCARE CONSULTING SERVICES MARKET
FIGURE 2 RESEARCH DESIGN
2.2.1 SECONDARY DATA
2.2.1.1 Secondary sources
2.2.2 PRIMARY DATA
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.2.2.1 Primary sources
2.2.2.2 Key insights from primary sources
2.3 MARKET SIZE ESTIMATION
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.4 TOP-DOWN & BOTTOM-UP APPROACHES
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE ANALYSIS APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (BOTTOM-UP APPROACH): COLLECTIVE REVENUE OF ALL SERVICES/SOLUTIONS OF VENDORS
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY (TOP-DOWN APPROACH): SEGMENTAL ANALYSIS
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION METHODOLOGY
2.6 ASSUMPTIONS FOR THE STUDY
2.7 COVID-19 SPECIFIC ASSUMPTIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY (Page No. - 30)
FIGURE 9 HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 2021 VS. 2026 (USD MILLION)
FIGURE 10 HEALTHCARE CONSULTING SERVICES MARKET SHARE, BY END USER, 2020
FIGURE 11 GEOGRAPHIC SNAPSHOT OF THE HEALTHCARE CONSULTING SERVICES MARKET
4 PREMIUM INSIGHTS (Page No. - 33)
4.1 HEALTHCARE CONSULTING SERVICES: MARKET OVERVIEW
FIGURE 12 GROWING ADOPTION OF HEALTHCARE IT SOLUTIONS TO DRIVE THE MARKET GROWTH
4.2 NORTH AMERICAN HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 2020
FIGURE 13 OPERATIONS CONSULTING ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICAN MARKET IN 2020
4.3 HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 2021 VS. 2026
FIGURE 14 GOVERNMENT BODIES TO DOMINATE THE END USER SEGMENT IN 2021
4.4 HEALTHCARE CONSULTING SERVICES MARKET, BY REGION
FIGURE 15 ASIA PACIFIC TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 36)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 IMPACT ANALYSIS FOR HEALTHCARE CONSULTING SERVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growing rate of digitization in healthcare
5.2.1.2 Increasing adoption of big data analytics, IoT, and cloud deployment in the healthcare industry
5.2.1.3 Changing healthcare landscape with respect to regulatory compliance and technological evolution
5.2.1.4 Decreasing number of in-house experts in the end-use industries
5.2.1.5 Rising level of government support for HCIT solutions
5.2.1.6 Rising need for structural changes and new business models in the healthcare industry
5.2.1.7 Increasing number of patients suffering from various chronic and infectious diseases
5.2.1.8 Rising need for data security
5.2.1.9 Increasing pressure to reduce the rising healthcare costs
5.2.2 RESTRAINTS
5.2.2.1 Rising number of concerns regarding data confidentiality
5.2.2.2 Increasing number of hidden costs of consulting services
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for cloud consulting
5.2.3.2 Increasing potential for healthcare consulting services in the emerging markets
5.2.3.3 Increasing consolidation in the healthcare industry
5.2.4 CHALLENGES
5.2.4.1 Rising number of multi-sourcing approaches
5.3 IMPACT OF COVID-19 ON THE HEALTHCARE CONSULTING SERVICES MARKET
5.4 PORTERS FIVE FORCES ANALYSIS
TABLE 1 HEALTHCARE CONSULTING SERVICES MARKET: PORTERS FIVE FORCES ANALYSIS
5.5 PRICING ANALYSIS
5.6 TECHNOLOGY ANALYSIS
5.6.1 MACHINE LEARNING
5.6.2 ARTIFICIAL INTELLIGENCE
5.6.3 INTERNET OF THINGS
5.6.4 BLOCKCHAIN
5.6.5 CLOUD COMPUTING
5.7 REGULATORY ANALYSIS
5.7.1 NORTH AMERICA
5.7.2 EUROPE
5.7.3 ASIA PACIFIC
5.7.4 MIDDLE EAST & AFRICA
5.7.5 LATIN AMERICA
5.8 ECOSYSTEM ANALYSIS
TABLE 2 ECOSYSTEM: HEALTHCARE CONSULTING SERVICES MARKET
5.9 VALUE CHAIN ANALYSIS
FIGURE 17 VALUE CHAIN: HEALTHCARE CONSULTING SERVICES MARKET
5.1 CASE STUDY ANALYSIS
5.10.1 CASE STUDY 1
5.10.2 CASE STUDY 2
5.10.3 CASE STUDY 3
6 HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE (Page No. - 56)
6.1 INTRODUCTION
TABLE 3 HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
6.2 DIGITAL HEALTH CONSULTING
6.2.1 DIGITAL HEALTH CONSULTING TO GAIN IMPORTANCE ON THE BACK OF TECHNOLOGICAL INNOVATION
TABLE 4 DIGITAL HEALTH CONSULTING SERVICES MARKET, BY REGION, 20192026 (USD MILLION)
TABLE 5 NORTH AMERICA: DIGITAL HEALTH CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 6 EUROPE: DIGITAL HEALTH CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 7 ASIA PACIFIC: DIGITAL HEALTH CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
6.3 IT CONSULTING
6.3.1 CHALLENGING AND TIME-CONSUMING NATURE OF FORMULATING HCIT STRATEGIES TO DRIVE MARKET GROWTH
TABLE 8 IT CONSULTING SERVICES MARKET, BY REGION, 20192026 (USD MILLION)
TABLE 9 NORTH AMERICA: IT CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 10 EUROPE: IT CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 11 ASIA PACIFIC: IT CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
6.4 OPERATIONS CONSULTING
6.4.1 TRANSITION FROM FEE-FOR-SERVICE TO COORDINATED CARE MODEL TO BOOST THE DEMAND FOR OPERATIONS CONSULTING
TABLE 12 OPERATIONS CONSULTING SERVICES MARKET, BY REGION, 20192026 (USD MILLION)
TABLE 13 NORTH AMERICA: OPERATIONS CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 14 EUROPE: OPERATIONS CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 15 ASIA PACIFIC: OPERATIONS CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
6.5 STRATEGY CONSULTING
6.5.1 MULTIPLE DISCIPLINES OF STRATEGIC CONSULTING SERVICES TO INCREASE THE DEMAND FOR ORGANIZATIONAL IMPROVEMENT
TABLE 16 STRATEGY CONSULTING SERVICES MARKET, BY REGION, 20192026 (USD MILLION)
TABLE 17 NORTH AMERICA: STRATEGY CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 18 EUROPE: STRATEGY CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 19 ASIA PACIFIC: STRATEGY CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
6.6 FINANCIAL CONSULTING
6.6.1 DEMAND FOR RISK MANAGEMENT, COMPLIANCE, AND CORPORATE FINANCE TO GROW DURING THE COVID-19 PANDEMIC
TABLE 20 FINANCIAL CONSULTING SERVICES MARKET, BY REGION, 20192026 (USD MILLION)
TABLE 21 NORTH AMERICA: FINANCIAL CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 22 EUROPE: FINANCIAL CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 23 ASIA PACIFIC: FINANCIAL CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
6.7 HR & TALENT CONSULTING
6.7.1 DEMAND FOR HR TRANSFORMATIONS TO BOOST PROCESSES AND ORGANIZATIONAL EFFICIENCY TO DRIVE THE SEGMENT GROWTH
TABLE 24 HR & TALENT CONSULTING SERVICES MARKET, BY REGION, 20192026 (USD MILLION)
TABLE 25 NORTH AMERICA: HR & TALENT CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 26 EUROPE: HR & TALENT CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 27 ASIA PACIFIC: HR & TALENT CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
7 HEALTHCARE CONSULTING SERVICES MARKET, BY END USER (Page No. - 70)
7.1 INTRODUCTION
TABLE 28 HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
7.2 GOVERNMENT BODIES
7.2.1 GROWING INVESTMENTS IN THE MODERNIZATION OF DIGITAL AND TECHNOLOGY INFRASTRUCTURE TO DRIVE MARKET GROWTH
TABLE 29 HEALTHCARE CONSULTING SERVICES MARKET FOR GOVERNMENT BODIES, BY REGION, 20192026 (USD MILLION)
TABLE 30 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 20192026 (USD MILLION)
TABLE 31 EUROPE: HEALTHCARE CONSULTING SERVICES MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 20192026 (USD MILLION)
TABLE 32 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 20192026 (USD MILLION)
7.3 HEALTHCARE PROVIDERS
7.3.1 INCREASING PRESSURE TO CURB RISING HEALTHCARE COSTS TO DRIVE MARKET GROWTH
TABLE 33 HEALTHCARE CONSULTING SERVICES MARKET FOR HEALTHCARE PROVIDERS, BY REGION, 20192026 (USD MILLION)
TABLE 34 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 20192026 (USD MILLION)
TABLE 35 EUROPE: HEALTHCARE CONSULTING SERVICES MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 20192026 (USD MILLION)
TABLE 36 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 20192026 (USD MILLION)
7.4 HEALTH INSURANCE PAYERS
7.4.1 GROWING STRINGENCY OF REGULATIONS FOR PAYERS TO POSITIVELY IMPACT THE DEMAND FOR HEALTHCARE CONSULTANTS
TABLE 37 HEALTHCARE CONSULTING SERVICES MARKET FOR HEALTH INSURANCE PAYERS, BY REGION, 20192026 (USD MILLION)
TABLE 38 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET FOR HEALTH INSURANCE PAYERS, BY COUNTRY, 20192026 (USD MILLION)
TABLE 39 EUROPE: HEALTHCARE CONSULTING SERVICES MARKET FOR HEALTH INSURANCE PAYERS, BY COUNTRY, 20192026 (USD MILLION)
TABLE 40 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET FOR HEALTH INSURANCE PAYERS, BY COUNTRY, 20192026 (USD MILLION)
7.5 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
7.5.1 WIDE RANGE OF SERVICES OFFERED BY HEALTHCARE CONSULTANTS TO DRIVE THE DEMAND IN THE COMING YEARS
TABLE 41 HEALTHCARE CONSULTING SERVICES MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY REGION, 20192026 (USD MILLION)
TABLE 42 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY COUNTRY, 20192026 (USD MILLION)
TABLE 43 EUROPE: HEALTHCARE CONSULTING SERVICES MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY COUNTRY, 20192026 (USD MILLION)
TABLE 44 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY COUNTRY, 20192026 (USD MILLION)
7.6 MEDICAL DEVICE COMPANIES
7.6.1 INCREASING ADOPTION OF HEALTHCARE CONSULTING SERVICES TO BE COMPETITIVE IN THE MEDICAL DEVICE INDUSTRY TO DRIVE BUSINESS GROWTH
TABLE 45 HEALTHCARE CONSULTING SERVICES MARKET FOR MEDICAL DEVICE COMPANIES, BY REGION, 20192026 (USD MILLION)
TABLE 46 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET FOR MEDICAL DEVICE COMPANIES, BY COUNTRY, 20192026 (USD MILLION)
TABLE 47 EUROPE: HEALTHCARE CONSULTING SERVICES MARKET FOR MEDICAL DEVICE COMPANIES, BY COUNTRY, 20192026 (USD MILLION)
TABLE 48 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET FOR MEDICAL DEVICE COMPANIES, BY COUNTRY, 20192026 (USD MILLION)
8 HEALTHCARE CONSULTING SERVICES MARKET, BY REGION (Page No. - 83)
8.1 INTRODUCTION
TABLE 49 HEALTHCARE CONSULTING SERVICES MARKET, BY REGION, 20192026 (USD MILLION)
8.2 NORTH AMERICA
FIGURE 18 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET SNAPSHOT
TABLE 50 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 51 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 52 NORTH AMERICA: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.2.1 US
8.2.1.1 US to be the largest market for healthcare consulting services globally
TABLE 53 US: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 54 US: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.2.2 CANADA
8.2.2.1 Shift towards a technology-driven integrated model of healthcare delivery to drive market growth
TABLE 55 CANADA: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 56 CANADA: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.3 EUROPE
TABLE 57 EUROPE: HEALTHCARE CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 58 EUROPE: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 59 EUROPE: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.3.1 GERMANY
8.3.1.1 Constant changes concerning political regulations and technological developments to boost the demand for healthcare consultants
TABLE 60 GERMANY: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 61 GERMANY: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.3.2 UK
8.3.2.1 Need for sectoral restructuring as a result of the COVID-19 pandemic to boost market demand
TABLE 62 UK: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 63 UK: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.3.3 FRANCE
8.3.3.1 Need to ensure interoperability and compatibility among healthcare IT systems to drive market growth
TABLE 64 FRANCE: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 65 FRANCE: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.3.4 ITALY
8.3.4.1 Expansion of digital health sector to boost the market growth
TABLE 66 ITALY: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 67 ITALY: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.3.5 SPAIN
8.3.5.1 Growing digitization to increase the demand for healthcare consulting services
TABLE 68 SPAIN: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 69 SPAIN: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.3.6 REST OF EUROPE (ROE)
8.3.6.1 Increasing adoption of connected solutions in the healthcare industry to drive the demand for healthcare consultants
TABLE 70 ROE: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 71 ROE: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.4 ASIA PACIFIC
FIGURE 19 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET SNAPSHOT
TABLE 72 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET, BY COUNTRY, 20192026 (USD MILLION)
TABLE 73 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 74 ASIA PACIFIC: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.4.1 JAPAN
8.4.1.1 Government initiatives to drive the adoption of digital healthcare solutions
TABLE 75 JAPAN: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 76 JAPAN: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.4.2 CHINA
8.4.2.1 National health commission to promote the integration of IoT and cloud computing in healthcare
TABLE 77 CHINA: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 78 CHINA: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.4.3 INDIA
8.4.3.1 Adoption of connected healthcare ecosystem to boost the market growth
TABLE 79 INDIA: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 80 INDIA: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.4.4 REST OF ASIA PACIFIC (ROAPAC)
8.4.4.1 Focus on enabling efficient, affordable, and on-time delivery of quality care to drive the market growth
TABLE 81 ROAPAC: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 82 ROAPAC: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.5 LATIN AMERICA
TABLE 83 LATIN AMERICA: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 84 LATIN AMERICA: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
8.6 MIDDLE EAST & AFRICA
TABLE 85 MEA: HEALTHCARE CONSULTING SERVICES MARKET, BY TYPE OF SERVICE, 20192026 (USD MILLION)
TABLE 86 MEA: HEALTHCARE CONSULTING SERVICES MARKET, BY END USER, 20192026 (USD MILLION)
9 COMPETITIVE LANDSCAPE (Page No. - 112)
9.1 OVERVIEW
FIGURE 20 KEY DEVELOPMENTS OF PROMINENT PLAYERS OPERATING IN THE HEALTHCARE CONSULTING SERVICES MARKET (20182021)
9.2 MARKET RANKING ANALYSIS (2020)
FIGURE 21 MARKET RANKING OF COMPANIES OPERATING IN HEALTHCARE CONSULTING SERVICES MARKET (2020)
9.3 KEY MARKET PLAYERS, BY TYPE OF CONSULTING SERVICES
TABLE 87 HEALTHCARE CONSULTING SERVICES MARKET: KEY PLAYERS, BY TYPE OF SERVICE
9.4 COMPANY EVALUATION QUADRANT
9.4.1 STARS
9.4.2 EMERGING LEADERS
9.4.3 PARTICIPANTS
9.4.4 PERVASIVE PLAYERS
FIGURE 22 HEALTHCARE CONSULTING SERVICES MARKET: COMPANY EVALUATION QUADRANT, 2020 (OVERALL MARKET)
9.5 COMPETITIVE SCENARIO
9.5.1 PRODUCT/SERVICE LAUNCHES & APPROVALS
TABLE 88 HEALTHCARE CONSULTING SERVICES MARKET: KEY PRODUCT LAUNCHES & APPROVALS
9.5.2 DEALS
TABLE 89 HEALTHCARE CONSULTING SERVICES MARKET: KEY DEALS
9.5.3 OTHER DEVELOPMENTS
TABLE 90 HEALTHCARE CONSULTING SERVICES MARKET: OTHER KEY DEVELOPMENTS
10 COMPANY PROFILES (Page No. - 120)
10.1 KEY PLAYERS
(Business Overview, Services, Key Insights, Recent Developments, MnM View)*
10.1.1 ACCENTURE
TABLE 91 ACCENTURE: BUSINESS OVERVIEW
FIGURE 23 ACCENTURE: COMPANY SNAPSHOT (2021)
10.1.2 COGNIZANT
TABLE 92 COGNIZANT: BUSINESS OVERVIEW
FIGURE 24 COGNIZANT: COMPANY SNAPSHOT (2020)
10.1.3 DELOITTE
TABLE 93 DELOITTE: BUSINESS OVERVIEW
FIGURE 25 DELOITTE: COMPANY SNAPSHOT (2020)
10.1.4 MCKINSEY & COMPANY
TABLE 94 MCKINSEY & COMPANY: BUSINESS OVERVIEW
10.1.5 PWC
TABLE 95 PWC: BUSINESS OVERVIEW
FIGURE 26 PWC: COMPANY SNAPSHOT (2020)
10.1.6 EY
TABLE 96 EY: BUSINESS OVERVIEW
FIGURE 27 EY: COMPANY SNAPSHOT (2020)
10.1.7 HURON CONSULTING GROUP, INC.
TABLE 97 HURON CONSULTING GROUP, INC.: BUSINESS OVERVIEW
FIGURE 28 HURON CONSULTING GROUP, INC.: COMPANY SNAPSHOT (2020)
10.1.8 KPMG
TABLE 98 KPMG : BUSINESS OVERVIEW
FIGURE 29 KPMG: COMPANY SNAPSHOT (2020)
10.1.9 BOSTON CONSULTING GROUP (BCG)
TABLE 99 BOSTON CONSULTING GROUP: BUSINESS OVERVIEW
FIGURE 30 BOSTON CONSULTING GROUP: COMPANY SNAPSHOT (2020)
10.1.10 BAIN & COMPANY, INC.
TABLE 100 BAIN & COMPANY, INC.: BUSINESS OVERVIEW
FIGURE 31 BAIN & COMPANY, INC.: COMPANY SNAPSHOT (2020)
10.1.11 IQVIA, INC.
TABLE 101 IQVIA, INC.: BUSINESS OVERVIEW
FIGURE 32 IQVIA, INC.: COMPANY SNAPSHOT (2020)
*Details on Business Overview, Services, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
11 APPENDIX (Page No. - 161)
11.1 DISCUSSION GUIDE
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
11.3 AVAILABLE CUSTOMIZATIONS
11.4 RELATED REPORTS
11.5 AUTHOR DETAILS
This study involved four major activities in estimating the size of the healthcare consulting services market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
The secondary research process involved the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Some non-exclusive secondary sources include the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), Organisation for Economic Co-operation and Development (OECD), National Society of Certified Healthcare Business Consultants (NSCHBC), American Association of Healthcare Consultants (AAHC), American Association of Healthcare Consultants (AAHC), European Health Management Association (EHMA), American Health Information Management Association (AHIMA), Healthcare Information and Management Systems Society (HIMSS), National Association of Healthcare Advocacy Consultants (NAHAC), European Hospital and Health Care Federation (HOPE), European Public Health Association (EUPHA), Healthcare Consultants Forum, Annual Reports, SEC Filings, Investor Presentations, Journals, Publications from Government Sources and Professional Associations, Expert Interviews, and MarketsandMarkets Analysis.
Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the healthcare consulting services market. It was also used to obtain important information about the key players and market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Industry experts such as CEOs, presidents, vice presidents, directors, marketing directors, marketing managers, and related executives, from various key companies and organizations in the healthcare consulting services industry, were interviewed to obtain and verify both the qualitative and quantitative aspects of this research study. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends and key market dynamics.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the healthcare consulting services market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into various segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, in the healthcare consulting service industries.
Report Objectives
- To define, describe, and forecast the healthcare consulting services market based on type of service, end user, and region
- To provide detailed information regarding the major factors influencing the growth of this market (such as drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall healthcare consulting services market
- To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments in different geographies including North America, Europe, Asia Pacific, Latin America and Middle East & Africa
- To profile the key players and analyze their market shares and core competencies
- To track and analyze competitive developments such as product/service launches & approvals, partnerships, agreements, collaborations, joint ventures, expansions, and acquisitions in the overall healthcare consulting services market
- To benchmark players within the market using the proprietary Competitive Leadership Mapping framework, which analyzes market players on various parameters within the broad categories of business and product/service strategy
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of healthcare consulting services market
- Profiling of additional market players (up to 3)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Healthcare Consulting Services Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Healthcare Consulting Services Market
Hi, I would like to know if you have information about the Mexico market?