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In March 2019, Deloitte acquired the Australian risk consultancy firm called Converging Data Australia, further strengthening their market position in healthcare consulting. Healthcare has always remained a lucrative market for information technology companies to enter. Furthermore, the increased efforts towards providing quality care at affordable cost has resulted in rapid adoption of technological solutions in healthcare delivery.
From setting up of new hospital infrastructure to the introduction of new drug or healthcare devices and from hiring the healthcare professional to healthcare financing, advisory or software solutions are developed and provided by the healthcare consulting companies. With the use of cloud technology, software is being developed for patient management, accessing risk & compliance, enhancing general management, and others. Healthcare consulting firms also provides insights for taking strategic decisions.
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Increasing demand for advanced and efficient systems with aim to cope up with increasing healthcare processes and infrastructure is expected to boost the growth of the global healthcare consulting market during the forecast period. Moreover, extensively increasing patient population across the globe is creating a huge requirement for automated and self-learning systems. Combined with this, gradual shift of healthcare industry preference towards data driven decision making is expected to fuel the growth of the global healthcare consulting market by 2026.
The factor such as higher costs associated with the installations and maintenance is expected to hinder the growth of the global healthcare consulting market by 2026.
Some of the major companies that are present in the global healthcare consulting market are International Business Machines Corporation, Accenture, Deloitte Touche Tohmatsu Limited, Cognizant, Microsoft, GENERAL ELECTRIC COMPANY, Allscripts Healthcare Solutions, Inc., Genpact, HCL Technologies Limited, Siemens Healthcare GmbH, Bain & Company, Koninklijke Philips N.V., Pivot Point Consulting, LLC., and other players.
By Service Type
· Healthcare IT Solutions
· Marketing & Sales
· Human Resources
· Finance, Operations & General Management
· Strategic Management
· Business Analytics
By End Users
· Healthcare Providers
· Healthcare Payers
· Biopharmaceutical Companies
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Among the segmentation, healthcare IT solutions in service type segment is projected to account for the largest proportion of the market owing to increasing utilization of IT solutions in healthcare.
The global healthcare consulting market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are anticipated to exhibit considerable share of the market owing to higher adoption of IT systems, government support and increasing IT infrastructure. In the Asia Pacific region, Japan is expected to provide the largest market opportunity. This is due to the developed Japanese healthcare system and the increasing demand for technologically advanced systems to maintain the data and provide smart solutions for the handling of patients in a healthcare system where every citizen has universal insurance.