The global healthcare consulting services market is expected to reach USD 15.88 billion by 2023 from USD 8.99 billion in 2017 and, at a CAGR of 10.2%. Market growth is primarily driven by the growing geriatric population, the rising importance of value-based care; and technological advancements in healthcare.
[110 Pages Report] Browse 14 market data Tables and 21 Figures spread through 110 Pages and in-depth TOC on “Healthcare Consulting Services Market”.
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By type of service, the healthcare consulting services market is segmented into digital consulting, IT consulting, operations consulting, financial consulting, strategy consulting, and HR & talent consulting. The digital consulting segment accounted for the largest share of the healthcare consulting services market in 2017. Factors driving the growth of this segment include the shift from paper-based healthcare models to digital models in developed markets and increasing healthcare spending for building intelligent hospitals across the globe.
Healthcare Consulting Services Market, By Type of Service:
Digital Consulting
It Consulting
Strategy Consulting
Operations Consulting
Financial Consulting
Government bodies are expected to experience strong growth in the next five years due to a growing focus on value-based healthcare models
Based on the type of end user, the market is segmented into government bodies, payers, and life sciences companies & providers. The government bodies are expected to grow at the highest CAGR during the forecast period. Government bodies have the resources to pay for more risk-based contracts and agreements, which is a key factor driving this market.
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North America commanded the largest share of the market during the forecast period
Based on region, the healthcare consulting services market is segmented into North America, Europe, Asia Pacific, LATAM, and the Middle East & Africa. North America dominated the healthcare consulting services market in 2017. This is mainly due to the large base of pharmaceutical & life sciences companies and vast resources among the government bodies and payers to take up risk-based contracts and agreements.
Key players operating in the healthcare consulting services market include Accenture (US), McKinsey & Company (US), Cognizant (US), Deloitte Consulting (UK), and Ernst & Young (UK).