Westford, USA, May 02, 2022 (GLOBE NEWSWIRE) — Major aspect that contributes to the growth of the global healthcare consulting services market includes the increasing need to reduce the rising healthcare costs. Cost reductions are a significant concern in consulting since organizations can save money on a variety of things by using these services, including resource management, operations, human capital, and space. The emergence of health insurance exchanges (online markets for obtaining health insurance from competing providers) in certain countries has put significant pressure on healthcare payers’ margins.
Hospitals and other care providers have had to reorganize their operations in order to accommodate millions of uninsured patients and meet new regulatory standards as a result of healthcare reforms. Hospitals are increasingly understanding the value of implementing the correct communication and technology solutions, and are hiring healthcare consultants to help them choose the models that are most suited to their needs.
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Furthermore, the necessity to cut costs through effective use of technology and the most efficient use of financial resources would aid in increasing the penetration rate of healthcare consulting services. As a result, it is projected that a large number of healthcare payers and providers will rely on healthcare consulting firms to improve their job efficiency and business operations. Hence, this significantly drives the growth of the global healthcare consulting services market in the upcoming years.
Read market research report, ” Global Healthcare Consulting Services Market is segmented By Type of Service (Digital Health, IT, Operations, Strategy, Financial, HR & Talent), By End User (Government Bodies, Healthcare Providers, Pharmaceutical & Biotechnology Companies) & By Region- Forecast and Analysis 2021-2027” by SkyQuest
Global healthcare consulting services market segmented by type of service, end-user, and region. Based on the type of service, the global healthcare consulting services market is segmented as digital health, IT, operations, strategy, financial, HR & talent. Among these, the digital health segment is projected to grow at a significant rate in the market during the forecast period. Based on the end-user, the global healthcare consulting services market is segmented as government bodies, healthcare providers, pharmaceutical & biotechnology companies. Among these, the healthcare providers segment is projected to grow at a significant rate in the market during the forecast period.
Based on region, the global healthcare consulting services market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The North American region is projected to hold the most substantial share in the market during the forecast period. The regional growth of the market is attributed to the availability of government funding for the development of state-wide and national healthcare information exchange, the presence of large hospitals that demand integrated healthcare networks, increased preference for HCIT solutions, increased number of favorable initiatives by governments, presence of major players offering healthcare consulting services, and high adoption rate of these services by healthcare organizations during the COVID-19 pandemic. The abovementioned factors are projected to support the global healthcare consulting services market during the forecast period.
Further, Accenture Plc (Ireland), Cognizant (US), Deloitte Ltd. (UK), McKinsey & Company (US), PwC (UK), EY Global Ltd. (UK), Huron Consulting Group Inc. (US), KPMG International Ltd. (Netherlands), Boston Consulting Group (US), Bain & Company, Inc. (US), and IQVIA Inc. (US) among others some of the key players operating in the market. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market.
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For an instance, in April 2021, Cognizant (US) acquired Servian, an enterprise transformation consultant, to help clients shift to the cloud, build digital goods and services, unlock value from data, modernize enterprise applications, and achieve operational excellence in Australia and New Zealand. Further, in the same period, in April 2021, PwC started a new facility – Acceleration Centre (AC) office in Hyderabad, India which is intended to be a truly cross-functional and collaborative location. Such activities done by the key players are likely to aid the global healthcare consulting services industry growth during the forecast period.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
SkyQuest has segmented the Global Healthcare Consulting Services Market based on Type of Service, End-User, and Region:
- Healthcare Consulting Services Type of Service Outlook (Revenue, USD Million, 2021 – 2027)
- Digital Health
- HR & Talent
- Healthcare Consulting Services End-User Outlook (Revenue, USD Million, 2021 – 2027)
- Government Bodies
- Healthcare Providers
- Pharmaceutical & Biotechnology Companies
- Healthcare Consulting Services Regional Outlook (Revenue, USD Million, 2021 – 2027)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central & South America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
List of Key Players of Healthcare Consulting Services Market
- Accenture Plc (Ireland)
- Cognizant (US)
- Deloitte Ltd. (UK)
- McKinsey & Company (US)
- PwC (UK)
- EY Global Ltd. (UK)
- Huron Consulting Group Inc. (US)
- KPMG International Ltd. (Netherlands)
- Boston Consulting Group (US)
- Bain & Company, Inc. (US)
- IQVIA Inc. (US)
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