Global Healthcare IT Consulting Market Size, Trends, By Consulting Type (Healthcare Application Analysis, Design, and Development, HCIT Strategy and Project/Program Management, HCIT Integration and Migration, HCIT Change Management, Healthcare/Medical System and Security Set-Up and Risk Assessment, Healthcare Enterprise Reporting and Data Analytics Services, Healthcare Business Process Management, and Others), By End User (Healthcare Providers, Healthcare Payers, and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Healthcare IT Consulting Market
The Global Healthcare IT Consulting Market was valued at US$ 22.5 Bn in 2022, estimated to reach US$ 99.6 Bn by 2030, with a CAGR of 19.97% from 2023-2030.
Healthcare consultancy aids businesses in navigating the issues that the sector frequently faces. These advisory groups take the shape of large consulting businesses with a focus on the healthcare industry. A healthcare consulting company serves as a hired consultant to a certain healthcare industry player. The healthcare sector is always becoming more complex due to rapidly changing market dynamics, regulatory pressures, and customer expectations.
The foundation of healthcare consulting competence is a thorough grasp of every stakeholder throughout the value chain, from payers, medication developers, and manufacturers, to physicians and patients. The healthcare consulting service has several advantages, including fostering innovation, cutting expenses, maximizing digital technologies, and producing maximum, long-term value.
Market Drivers
Clinical platforms, analytics dashboards, network optimization services, revenue cycle management (RCM), and enterprise resource planning support services can all be developed and maintained with the aid of healthcare IT consulting. As a result, the demand for cutting-edge and effective systems to manage expanding healthcare processes and infrastructure has risen, which is assisting the market's expansion. This is by the rising number of hospital admissions.
In addition, the incorporation of artificial intelligence (AI) with healthcare IT consulting services to guarantee data privacy, optimize resource management, extract knowledge from unstructured data, and offer a modernized approach to decision-making processes is boosting the market growth.
Market Restraints
Some of the challenges that limit market growth include the scarcity of qualified specialists, the high cost of consulting services, data security issues, and privacy concerns.
Market Segmentation
The scope of the Global Healthcare IT Consulting Market covers segmentation based on Product Consulting Type, End User, and Region.
Based on Consulting Type, the market is bifurcated into Healthcare Application Analysis, Design, and Development, HCIT Strategy, and Project/Program Management, HCIT Integration and Migration, HCIT Change Management, Healthcare/Medical System and Security Set-Up and Risk Assessment, Healthcare Enterprise Reporting and Data Analytics Services, Healthcare Business Process Management, and Others.
Based on End User, the market is divided into Healthcare Providers, Healthcare Payers, and Others.
Regional Analysis
The Global Healthcare IT Consulting Market is segmented into 5 main regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Market share is expected to be significant in North America. Healthcare providers' growing reliance on IT healthcare consulting firms is related to changes in laws and changes in Medicare payments.
According to information published in JAMA Internal Medicine Journal, five healthcare systems in five states experienced a decline in ED visits and an increase in hospital admission rates from January through April 2020 while the COVID-19 pandemic grew in the US. Therefore, a rise in the rate of emergency admissions increases the need for chronic care management, which is likely to accelerate market expansion.
Key Players
Allscripts Healthcare LLC, Cognizant, Deloitte, Epic System Corporation, General Electric Company, IBM Corporation, Koninklijke Philips N.V., McKesson Corporation, Oracle Corporation.
DigiMTM, an online assessment tool for health organizations wishing to evaluate their digital transformation initiatives, was made public by Damo Consulting in April 2021.
Market Taxonomy
By Consulting Type
• Healthcare Application Analysis
• Design and Development
• HCIT Strategy and Project/Program Management
• HCIT Integration and Migration
• HCIT Change Management
• Healthcare/Medical System and Security Set-Up And Risk Assessment
• Healthcare Enterprise Reporting and Data Analytics Services
• Healthcare Business Process Management
• Others
By End User
• Healthcare Providers
• Healthcare Payers
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Bonsai Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Healthcare IT Consulting Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Healthcare IT Consulting Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Healthcare IT Consulting Market, By Consulting Type
5.1 Y-o-Y Growth Comparison, By Consulting Type
5.2 Global Healthcare IT Consulting Market Share Analysis, By Consulting Type
5.3 Global Healthcare IT Consulting Market Size and Forecast, By Consulting Type
5.3.1 Healthcare Application Analysis
5.3.3 HCIT Strategy and Project/Program Management
5.3.4 HCIT Integration and Migration
5.3.5 HCIT Change Management
5.3.6 Healthcare/Medical System and Security Set-Up and Risk Assessment
5.3.7 Healthcare Enterprise Reporting and Data Analytics Services
5.3.8 Healthcare Business Process Management
5.3.9 Others
6 Global Healthcare IT Consulting Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Healthcare IT Consulting Market Share Analysis, By End User
6.3 Global Healthcare IT Consulting Market Size and Forecast, By End User
6.3.1 Healthcare Providers
6.3.2 Healthcare Payers
6.3.3 Others
7 Global Healthcare IT Consulting Market, By Region
7.1 Global Healthcare IT Consulting Market Share Analysis, By Region
7.2 Global Healthcare IT Consulting Market Size and Forecast, By Region
7.3 Global Healthcare IT Consulting Market Trends and Forecast, By Region
8 North America Healthcare IT Consulting Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Healthcare IT Consulting Market Share Analysis, By Consulting Type
8.3 North America Healthcare IT Consulting Market Size and Forecast, By End User
8.5 North America Healthcare IT Consulting Market Size and Forecast, By Country
8.5.1 U.S.
8.5.1.1 Market Size and Forecast, By Consulting Type
8.5.1.2 Market Size and Forecast, By End User
8.5.2 Canada
8.5.2.1 Market Size and Forecast, By Consulting Type
8.5.2.2 Market Size and Forecast, By End User
8.5.3 Mexico
8.5.3.1 Market Size and Forecast, By Consulting Type
8.5.3.2 Market Size and Forecast, By End User
9 Europe Healthcare IT Consulting Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Healthcare IT Consulting Market Share Analysis, By Consulting Type
9.3 Europe Healthcare IT Consulting Market Size and Forecast, By End User
9.5 Europe Healthcare IT Consulting Market Size and Forecast, By Country
9.5.1 Germany
9.5.1.1 Market Size and Forecast, By Consulting Type
9.5.1.2 Market Size and Forecast, By End User
9.5.2 France
9.5.2.1 Market Size and Forecast, By Consulting Type
9.5.2.2 Market Size and Forecast, By End User
9.5.3 UK
9.5.3.1 Market Size and Forecast, By Consulting Type
9.5.3.2 Market Size and Forecast, By End User
9.5.4. Russia
9.5.4.1 Market Size and Forecast, By Consulting Type
9.5.4.2 Market Size and Forecast, By End User
9.5.5. Italy
9.5.5.1 Market Size and Forecast, By Consulting Type
9.5.5.2 Market Size and Forecast, By End User
9.5.6 Spain
9.5.6.1 Market Size and Forecast, By Consulting Type
9.5.6.2 Market Size and Forecast, By End User
9.5.7 Rest of Europe
9.5.7.1 Market Size and Forecast, By Consulting Type
9.5.7.2 Market Size and Forecast, By End User
10 Asia Pacific Healthcare IT Consulting Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Healthcare IT Consulting Market Share Analysis, By Consulting Type
10.3 Asia Pacific Healthcare IT Consulting Market Size and Forecast, By End User
10.5 Asia Pacific Healthcare IT Consulting Market Size and Forecast, By Country
10.5.1 China
10.5.1.1 Market Size and Forecast, By Consulting Type
10.5.1.2 Market Size and Forecast, By End User
10.5.2 Japan
10.5.2.1 Market Size and Forecast, By Consulting Type
10.5.2.2 Market Size and Forecast, By End User
10.5.3 India
10.5.3.1 Market Size and Forecast, By Consulting Type
10.5.3.2 Market Size and Forecast, By End User
10.5.4. South Korea
10.5.4.1 Market Size and Forecast, By Consulting Type
10.5.4.2 Market Size and Forecast, By End User
10.5.5. Australia
10.5.5.1 Market Size and Forecast, By Consulting Type
10.5.5.2 Market Size and Forecast, By End User
10.5.6. New Zealand
10.5.6.1 Market Size and Forecast, By Consulting Type
10.5.6.2 Market Size and Forecast, By End User
10.5.7 Singapore
10.5.7.1 Market Size and Forecast, By Consulting Type
10.5.7.2 Market Size and Forecast, By End User
10.5.8. Malaysia
10.5.8.1 Market Size and Forecast, By Consulting Type
10.5.8.2 Market Size and Forecast, By End User
10.5.9 Rest of Asia
10.5.9.1 Market Size and Forecast, By Consulting Type
10.5.9.2 Market Size and Forecast, By End User
11 Latin America Healthcare IT Consulting Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Healthcare IT Consulting Market Share Analysis, By Consulting Type
11.3 Latin America Healthcare IT Consulting Market Size and Forecast, By End User
11.5 Latin America Healthcare IT Consulting Market Size and Forecast, By Country
11.5.1 Brazil
11.5.1.1 Market Size and Forecast, By Consulting Type
11.5.1.2 Market Size and Forecast, By End User
11.5.2 Argentina
11.5.2.1 Market Size and Forecast, By Consulting Type
11.5.2.2 Market Size and Forecast, By End User
11.5.3. Colombia
11.5.3.1 Market Size and Forecast, By Consulting Type
11.5.3.2 Market Size and Forecast, By End User
11.5.4. Peru
11.5.4.1 Market Size and Forecast, By Consulting Type
11.5.4.2 Market Size and Forecast, By End User
11.5.5 Chile
11.5.5.1 Market Size and Forecast, By Consulting Type
11.5.5.2 Market Size and Forecast, By End User
11.5.6 Venezuela
11.5.6.1 Market Size and Forecast, By Consulting Type
11.5.6.2 Market Size and Forecast, By End User
11.5.7 Rest of Latin America
11.5.7.1 Market Size and Forecast, By Consulting Type
11.5.7.2 Market Size and Forecast, By End User
12 Middle East Healthcare IT Consulting Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Healthcare IT Consulting Market Share Analysis, By Consulting Type
12.3 Middle East Healthcare IT Consulting Market Size and Forecast, By End User
12.5 Middle East Healthcare IT Consulting Market Size and Forecast, By Country
12.5.1 Saudi Arabia
12.5.1.1 Market Size and Forecast, By Consulting Type
12.5.1.2 Market Size and Forecast, By End User
12.5.2 UAE
12.5.2.1 Market Size and Forecast, By Consulting Type
12.5.2.2 Market Size and Forecast, By End User
12.5.3 Egypt
12.5.3.1 Market Size and Forecast, By Consulting Type
12.5.3.2 Market Size and Forecast, By End User
12.5.4 Kuwait
12.5.4.1 Market Size and Forecast, By Consulting Type
12.5.4.2 Market Size and Forecast, By End User
12.5.5 South Africa
12.5.5.1 Market Size and Forecast, By Consulting Type
12.5.5.2 Market Size and Forecast, By End User
12.5.5 Rest of Middle East & Africa
12.5.6.1 Market Size and Forecast, By Consulting Type
12.5.6.2 Market Size and Forecast, By End User
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Allscripts Healthcare LLC
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Cognizant
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Deloitte
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Epic System Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 General Electric Company
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 IBM Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Koninklijke Philips N.V.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 McKesson Corporation
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Oracle Corporation
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
