Healthcare Consulting Services - One of The High Growing Industry Globally
The healthcare consulting services market includes firms that specialize in providing business consulting services to stakeholders in the healthcare industry. The market for healthcare consulting services is expected to reach USD 15.88 billion by 2023 from USD 9.76 billion in 2018, at a CAGR of 10.2%. Growth in this market is mainly driven by factors such as the increasing geriatric population, the rising importance of value-based care, and technological advancements in healthcare mainly in developing countries.
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In this report, the healthcare consulting services market has been segmented by type of service, end user, and region.
On the basis of the type of service, the healthcare consulting market is categorized into digital consulting, IT consulting, strategy consulting, operations consulting, financial consulting, and HR & talent consulting. While the digital consulting segment held the largest share of the market in 2017, the IT consulting segment is expected to register the highest growth during the forecast period. Growth in this market can be attributed to the large volume of products and services developed by consultancy companies followed by the shift from paper-based healthcare models to digital healthcare models in developing countries.
The healthcare consulting service market is geographically segmented into North America, Europe, Asia Pacific, LATAM, and the Middle East & Africa. North America holds the largest share of the market owing to the high adoption of digital and IT consulting by government bodies and life science companies. Asia Pacific, however, is expected to register the highest growth rate during the study period.
Given the immense opportunities developed and developing countries are offering, healthcare consulting services market leaders and emerging players are increasingly focusing on offering new customized services, mergers, acquisitions, and expansions in emerging economies in order to expand their geographic presence and increase revenue.
