Healthcare Consulting Services Market Insights
The worldwide healthcare consulting services market is expected to grow at a CAGR of 10.75 % from an estimated USD 22,650 Million in 2020 to USD 40,120 Million by 2027.
Growing digitalization in healthcare, increased usage of big data analytics, IoT, and cloud deployment, positive changes in the HCIT environment, government support for HCIT solutions, and the requirement for data security are the primary drivers driving the growth of this market. Concerns about data protection and the hidden costs of consulting services, on the other hand, are projected to stymie industry expansion in the future years.
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Healthcare Consulting Services Market Segmental Analysis
Global healthcare consulting services Market Segmented by Type of Service: Digital Health, IT, Operations, Strategy, Financial, HR & Talent. By End User: Government Bodies, Healthcare Providers, Pharmaceutical & Biotechnology Companies. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Top Players Company Profiles
- 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)
- IQVIA (US)
Recent Developments
- In October 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 assist clients in moving to the cloud, building digital products and services, unlocking value from data, modernising enterprise applications, and achieving operational excellence.
- In April 2021, PwC (UK) has launched a new facility in Hyderabad called the Acceleration Centre (AC), which is intended to be a truly cross-functional and collaborative location.
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Methodology
For global healthcare consulting services market our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, paid databases such as Hoover’s, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders etc. Overall, the information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom up and top-down approach to estimate and validate the total size and future estimate of the global healthcare consulting services market.
3. Report Formulation: The final step entailed the placement of data points at appropriate market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data-points to be used for final calculations. The final market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
