The global healthcare consulting services market is projected to reach USD 41.2 billion by 2026 from USD 23.9 billion in 2021, at a CAGR of 11.5% during the forecast period. Healthcare consulting firms specialize in providing business consulting services to the healthcare industry in areas such as finance, accounting, marketing, insurance, healthcare management, billing, coding, regulations & compliance, healthcare standards, and many other similar areas. Growth in the healthcare consulting services market can be primarily attributed to the growing budget cuts, increasing pricing pressure, changing healthcare policies/regulations, and rising technological disruption across the healthcare industry that has resulted in a partnership between the healthcare providers, payers, and life science companies with the healthcare consultancy firms. However, hidden costs of consulting services and concerns regarding data confidentiality are likely to challenge market growth in the coming years.
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), among others.
TOP HEALTHCARE CONSULTING SERVICES MARKET PLAYER
Accenture (Ireland) is one of the prominent players in the healthcare consulting services market. The company was founded in 1989 and is headquartered in Dublin, Ireland. The company mainly offers management consulting, technology, and outsourcing services. Accenture provides a variety of services and solutions for strategy, consulting, digital, technology, and operations to deliver end-to-end services and solutions to clients in more than 120 countries across the globe.
Cognizant (US), a publicly-held company, was founded in 1994 and is headquartered in New Jersey. The company offers IT consulting, enterprise information management (EIM), and business process outsourcing services globally. The company provides healthcare IT solutions and services to physicians and healthcare organizations for population health management, accountable care, and value-based initiatives. It invests heavily to scale up digital practice areas across business segments and geographies. The company focuses on achieving organic growth through the extensive training and re-skilling of its technical teams and expanding its local workforces in the US and other parts of the world.
Deloitte (UK) is an eminent player offering healthcare consulting services, including strategy, analytics, M&A, customer & marketing, core business operations, human capital, and enterprise technology & performance. The firm offers financial advisory, risk advisory, audit, tax & legal, and consulting services through a network of direct and indirect channels to various industries. Deloitte provides various services to its clients worldwide by enabling enterprise transformation through innovative applications/solutions. The company caters to a broad customer base in more than 150
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
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