Healthcare Healthcare IT Consulting Market is projected to grow up to 20.1% CAGR during the forecasti...


Healthcare IT Consulting Market is projected to grow up to 20.1% CAGR during the forecasting period 2021-2027.

The healthcare sector is becoming ever more dynamic, necessitating adequate facilities, clinical and strategic planning, and the assistance of medical professionals. Healthcare advisory services relate to the process of giving healthcare organisations and practitioners expert guidance on strategic decisions, operations management, financial planning, and other topics. These types of business decisions are beneficial because they aid in development and favour consumers and patients. Healthcare payers, suppliers, and public health agencies all use healthcare advisory services. Healthcare consulting is the process of sharing expertise, offering guidance, and guiding healthcare organisations to make strategic decisions that facilitate growth and benefit their consumers and patients. Healthcare consultants are industry practitioners with training and experience in healthcare laws, regulations, and policies that help medical organisations and hospitals operate their operations more efficiently and effectively.

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Key Driving Factors: Variety Attributes leading to market growth

A variety of factors are pushing the development of the global IT consulting sector, including the digitization in healthcare, a rapidly evolving HCIT environment, government funding for healthcare IT solutions, rising HCIT spending, a shortage of qualified IT professionals in the healthcare industry, rising venture capital investments in health IT, and the need for data protection. End-user concerns about confidentiality, on the other hand, are restricting the market's growth. In addition, the increasing digitization and technological advancements in the healthcare industry have increased the market's demand for healthcare consulting services. The growing geriatric population has aided business expansion significantly. The industry has been driven by healthcare providers' increased emphasis on better patient safety and care.

This report offers the major market player’s profiles, such as Accenture plc (Ireland), Cognizant Technology Solutions Corporation (U.S.), Deloitte Touche Tohmatsu Limited (U.S.), Cerner Corporation (U.S.), Siemens Healthineers (Germany), McKesson Corporation (U.S.), Epic Systems Corporation (U.S.), IBM Corporation (U.S.), General Electric Company (U.S.), Tata Consultancy Services Limited (India), Koninklijke Philips N.V. (Netherlands), NTT DATA Corporation (Japan), Infor Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), and Oracle Corporation (U.S.).

Opportunities: Increasing digitization:

As the healthcare industry becomes more digital and technologically advanced, the demand for healthcare consulting services has increased. The growing geriatric population has aided business expansion significantly. The industry has been driven by healthcare providers' increased emphasis on better patient safety and care.

By End Users:

Healthcare providers, payers, and other end users are the three categories of end users. Healthcare services are projected to account for the largest share of the healthcare IT consulting market in 2017. The large share of this segment can be attributed to factors such as rising healthcare costs, growing adoption of HCIT solutions by providers as a means of lowering costs, growing adoption of electronic medical records (EMRs) to improve patient care, increasing hospital consolidation, changing and increasing stringency of regulations for HCIT provider solutions, and growing adoption of electronic medical records (EMRs) to improve patient care, increasing hospital integration, changing and rising stringency of regulation for HCIT provider solutions, and growing adoption of electronic medical records.

The Healthcare IT Consulting Market report has been categorized as below

By Type

  • HCIT strategy and project/program management
  • Healthcare application analysis, design, and development
  • HCIT integration and migration
  • HCIT change management
  • Healthcare/medical system & security set-up and risk assessment
  • Healthcare enterprise reporting and data analytics services
  • Production go-live/post go-live support
  • Healthcare business process management
  • Regulatory compliance
  • Others consulting services 

By End User

  • Healthcare providers
  • Hospitals, physician groups, and IDNs
  • Ambulatory care centers
  • Home healthcare agencies, nursing homes, and assisted living facilities
  • Diagnostic and imaging centers
  • Other end users (pharmacies and diagnostic & pathological laboratories)
  • Healthcare payers
  • Private payers
  • Public payers
  • Other end users

 By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

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Published Date : May-2021