Healthcare Consulting Services Market

[110 Pages Report] The global healthcare consulting services market is expected to reach USD 15.88 billion by 2023 from USD 8.99 billion in 2017 and, at a CAGR of 10.2%. The base year for this study is 2017 and the forecast period is 2018–2023.

The objectives of this study are as follows:

• To define, describe, and forecast the healthcare consulting services market (by value) on the basis of the type of service, end user, and region
• To identify micromarkets and the drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the market
• To strategically analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market
• Forecast revenue of the market with respect to four main regional segments, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To profile key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
• To track and analyze competitive developments such as partnerships, agreements, collaborations, acquisitions, and service launches in the healthcare consulting services market

Research Methodology

Top-down and bottom-up approaches were used to estimate and validate the size of the market and various other dependent submarkets. The overall healthcare consulting services industry size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation by type of service, end user, and region) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.

Various secondary sources such as the World Health Organization, National Society of Certified Healthcare Business Consultants, American Association of Healthcare Consultants, European Health Management Association, have been used to identify and collect information useful for this extensive commercial study of the healthcare consulting services market. Primary sources such as experts from related industries and companies have been interviewed to obtain and verify critical information as well as to assess the prospects of the healthcare consulting services market. The breakdown of profiles of primaries is shown in the figure below:

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The key players in the healthcare consulting services market include Accenture (Ireland), McKinsey & Company (US), Cognizant (US), Deloitte Consulting (US), and Ernst & Young (UK).

Target Audience for this Report:

• Companies partnering with healthcare consulting services
• Market research and consulting firms
• Healthcare providers
• Healthcare payers
• Government institutions
  

Scope of the Report:

This report categorizes the global healthcare consulting services market into the following segments:

Global Healthcare Consulting Services Market, By Type of Service

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

Global Healthcare Consulting Services Market, By End User

• Life Science Companies
• Payers
• Providers
• Government Bodies

Global Healthcare Consulting Services Market, By Region

• North America
• Europe
• Asia Pacific
• MEA
• LATAM

Customization Options:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the healthcare consulting services market report:

Company Information:

• Detailed analysis and profiling of additional market players (up to 5)

Opportunity Assessment:

• Detailed report underlining the various growth opportunities presented in the market

Service Analysis

• Service matrix, which gives a detailed comparison of the consulting services of the top five companies in the healthcare consulting services market

The global healthcare consulting services market is expected to reach USD 15.88 billion by 2023 from USD 9.76 billion in 2018 at a CAGR of 10.2%. Market growth is primarily driven by the growing geriatric population, the rising importance of value-based care; and technological advancements in healthcare.

This report broadly segments the healthcare consulting services market by the type of service, end user, and region. The report also contains information on market share analysis and growth opportunities in the healthcare consulting services market in various regions.

By type of service, the healthcare consulting services market is segmented into digital consulting, IT consulting, operations consulting, financial consulting, strategy consulting, and HR & talent consulting. The digital consulting segment accounted for the largest share of the healthcare consulting services market in 2017. Factors driving the growth of this segment include the shift from paper-based healthcare models to digital models in developed markets and increasing healthcare spending for building intelligent hospitals across the globe.

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The global healthcare consulting services market was dominated by North America, followed by Europe in 2017. Factors such as increasing M&A activity, pricing pressure on pharmaceutical companies are driving the growth of the healthcare consulting services market in this region. Asia Pacific, however, is estimated to register the highest CAGR during the forecast period due to the increasing need for remote care and telemedicine in rural areas in the region.

Major industry players launched innovative products to maintain and enhance their position in the healthcare consulting services market. Accenture (Ireland), McKinsey & Company (US), Cognizant (US), Deloitte Consulting (US), and Ernst & Young (UK) have been identified as key players operating in this market. These companies have broad consulting services portfolio and a positive brand image, which gives them a competitive advantage in the market.

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