Healthcare IT Consulting Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Healthcare IT consulting services refer to the process of providing expert advice regarding business decisions, financial planning, operations management, and others to healthcare organizations and professionals. Such business decisions are helpful as they help in growth and benefit their customers and patients. The healthcare IT consulting services are employed by healthcare payers, providers, and public health entities. The healthcare IT consulting industry is becoming more competitive, and it requires proper infrastructure, clinical and strategic planning, and professional medical consultants.
MARKET DYNAMICS
The growing digitization in healthcare, rapidly changing HCIT landscape, government support for healthcare IT solutions, and growing HCIT expenditure will spur the demand for healthcare IT consulting. Additionally, growing venture capital investments in health IT, and the need for data security expected to boost the market growth to significant extent over the forecast period. However, concerns regarding data confidentiality is restraining the healthcare IT consulting market in the forecasted period.
MARKET SCOPE
The "Global Healthcare IT Consulting Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of healthcare IT consulting market with detailed market segmentation by type, application, and geography. The global healthcare IT consulting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading healthcare IT consulting market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global healthcare IT consulting market is segmented on the type and application. Based on the type, the healthcare IT consulting market is segmented into strategy, project management, integration and migration, risk assessment, data analytics, business process management, and regulatory support. Based on the application, the healthcare IT consulting market is segmented into hospitals, diagnostics and imaging centers, ambulatory care centers, public and private payers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global healthcare IT consulting market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The healthcare IT consulting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting healthcare IT consulting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the healthcare IT consulting market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global healthcare IT consulting market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The healthcare IT consulting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting healthcare IT consulting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the healthcare IT consulting market in these regions.
MARKET PLAYERS
The reports cover key developments in the healthcare IT consulting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from healthcare IT consulting market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare IT consulting in the global market. Below mentioned is the list of few companies engaged in the healthcare IT consulting market.
The report also includes the profiles of key healthcare IT consulting market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Accenture
- Cognizant
- Deloitte Touche Tohmatsu Limited
- Cerner Corporation
- Siemens Healthcare Private Limited
- McKesson Corporation
- Epic Systems Corporation
- IBM Corporation
- General Electric Company
- Tata Consultancy Services Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Healthcare IT Consulting Market - By Type
1.3.2 Healthcare IT Consulting Market - By End-User
1.3.3 Healthcare IT Consulting Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE IT CONSULTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HEALTHCARE IT CONSULTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HEALTHCARE IT CONSULTING MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE IT CONSULTING - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE IT CONSULTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEALTHCARE IT CONSULTING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STRATEGY
7.3.1. Overview
7.3.2. Strategy Market Forecast and Analysis
7.4. PROJECT MANAGEMENT
7.4.1. Overview
7.4.2. Project Management Market Forecast and Analysis
7.5. INTEGRATION AND MIGRATION
7.5.1. Overview
7.5.2. Integration and Migration Market Forecast and Analysis
7.6. RISK ASSESSMENT
7.6.1. Overview
7.6.2. Risk Assessment Market Forecast and Analysis
7.7. DATA ANALYTICS
7.7.1. Overview
7.7.2. Data Analytics Market Forecast and Analysis
7.8. BUSINESS PROCESS MANAGEMENT
7.8.1. Overview
7.8.2. Business Process Management Market Forecast and Analysis
7.9. REGULATORY
7.9.1. Overview
7.9.2. Regulatory Market Forecast and Analysis
8. HEALTHCARE IT CONSULTING MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. DIAGNOSTIC AND IMAGING CENTERS
8.4.1. Overview
8.4.2. Diagnostic and Imaging Centers Market Forecast and Analysis
8.5. AMBULATORY CARE CENTERS
8.5.1. Overview
8.5.2. Ambulatory Care Centers Market Forecast and Analysis
8.6. PUBLIC AND PRIVATE PAYERS
8.6.1. Overview
8.6.2. Public and Private Payers Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. HEALTHCARE IT CONSULTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Healthcare IT Consulting Market Overview
9.1.2 North America Healthcare IT Consulting Market Forecasts and Analysis
9.1.3 North America Healthcare IT Consulting Market Forecasts and Analysis - By Type
9.1.4 North America Healthcare IT Consulting Market Forecasts and Analysis - By End-User
9.1.5 North America Healthcare IT Consulting Market Forecasts and Analysis - By Countries
9.1.5.1 United States Healthcare IT Consulting Market
9.1.5.1.1 United States Healthcare IT Consulting Market by Type
9.1.5.1.2 United States Healthcare IT Consulting Market by End-User
9.1.5.2 Canada Healthcare IT Consulting Market
9.1.5.2.1 Canada Healthcare IT Consulting Market by Type
9.1.5.2.2 Canada Healthcare IT Consulting Market by End-User
9.1.5.3 Mexico Healthcare IT Consulting Market
9.1.5.3.1 Mexico Healthcare IT Consulting Market by Type
9.1.5.3.2 Mexico Healthcare IT Consulting Market by End-User
9.2. EUROPE
9.2.1 Europe Healthcare IT Consulting Market Overview
9.2.2 Europe Healthcare IT Consulting Market Forecasts and Analysis
9.2.3 Europe Healthcare IT Consulting Market Forecasts and Analysis - By Type
9.2.4 Europe Healthcare IT Consulting Market Forecasts and Analysis - By End-User
9.2.5 Europe Healthcare IT Consulting Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Healthcare IT Consulting Market
9.2.5.1.1 Germany Healthcare IT Consulting Market by Type
9.2.5.1.2 Germany Healthcare IT Consulting Market by End-User
9.2.5.2 France Healthcare IT Consulting Market
9.2.5.2.1 France Healthcare IT Consulting Market by Type
9.2.5.2.2 France Healthcare IT Consulting Market by End-User
9.2.5.3 Italy Healthcare IT Consulting Market
9.2.5.3.1 Italy Healthcare IT Consulting Market by Type
9.2.5.3.2 Italy Healthcare IT Consulting Market by End-User
9.2.5.4 Spain Healthcare IT Consulting Market
9.2.5.4.1 Spain Healthcare IT Consulting Market by Type
9.2.5.4.2 Spain Healthcare IT Consulting Market by End-User
9.2.5.5 United Kingdom Healthcare IT Consulting Market
9.2.5.5.1 United Kingdom Healthcare IT Consulting Market by Type
9.2.5.5.2 United Kingdom Healthcare IT Consulting Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Healthcare IT Consulting Market Overview
9.3.2 Asia-Pacific Healthcare IT Consulting Market Forecasts and Analysis
9.3.3 Asia-Pacific Healthcare IT Consulting Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Healthcare IT Consulting Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Healthcare IT Consulting Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Healthcare IT Consulting Market
9.3.5.1.1 Australia Healthcare IT Consulting Market by Type
9.3.5.1.2 Australia Healthcare IT Consulting Market by End-User
9.3.5.2 China Healthcare IT Consulting Market
9.3.5.2.1 China Healthcare IT Consulting Market by Type
9.3.5.2.2 China Healthcare IT Consulting Market by End-User
9.3.5.3 India Healthcare IT Consulting Market
9.3.5.3.1 India Healthcare IT Consulting Market by Type
9.3.5.3.2 India Healthcare IT Consulting Market by End-User
9.3.5.4 Japan Healthcare IT Consulting Market
9.3.5.4.1 Japan Healthcare IT Consulting Market by Type
9.3.5.4.2 Japan Healthcare IT Consulting Market by End-User
9.3.5.5 South Korea Healthcare IT Consulting Market
9.3.5.5.1 South Korea Healthcare IT Consulting Market by Type
9.3.5.5.2 South Korea Healthcare IT Consulting Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Healthcare IT Consulting Market Overview
9.4.2 Middle East and Africa Healthcare IT Consulting Market Forecasts and Analysis
9.4.3 Middle East and Africa Healthcare IT Consulting Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Healthcare IT Consulting Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Healthcare IT Consulting Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Healthcare IT Consulting Market
9.4.5.1.1 South Africa Healthcare IT Consulting Market by Type
9.4.5.1.2 South Africa Healthcare IT Consulting Market by End-User
9.4.5.2 Saudi Arabia Healthcare IT Consulting Market
9.4.5.2.1 Saudi Arabia Healthcare IT Consulting Market by Type
9.4.5.2.2 Saudi Arabia Healthcare IT Consulting Market by End-User
9.4.5.3 U.A.E Healthcare IT Consulting Market
9.4.5.3.1 U.A.E Healthcare IT Consulting Market by Type
9.4.5.3.2 U.A.E Healthcare IT Consulting Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Healthcare IT Consulting Market Overview
9.5.2 South and Central America Healthcare IT Consulting Market Forecasts and Analysis
9.5.3 South and Central America Healthcare IT Consulting Market Forecasts and Analysis - By Type
9.5.4 South and Central America Healthcare IT Consulting Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Healthcare IT Consulting Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Healthcare IT Consulting Market
9.5.5.1.1 Brazil Healthcare IT Consulting Market by Type
9.5.5.1.2 Brazil Healthcare IT Consulting Market by End-User
9.5.5.2 Argentina Healthcare IT Consulting Market
9.5.5.2.1 Argentina Healthcare IT Consulting Market by Type
9.5.5.2.2 Argentina Healthcare IT Consulting Market by End-User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HEALTHCARE IT CONSULTING MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. HEALTHCARE IT CONSULTING MARKET, KEY COMPANY PROFILES
12.1. ACCENTURE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. COGNIZANT
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DELOITTE TOUCHE TOHMATSU LIMITED
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CERNER CORPORATION
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SIEMENS HEALTHCARE PRIVATE LIMITED
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MCKESSON CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. EPIC SYSTEMS CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. IBM CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. GENERAL ELECTRIC COMPANY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TATA CONSULTANCY SERVICES LIMITED
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Accenture
2. Cognizant
3. Deloitte Touche Tohmatsu Limited
4. Cerner Corporation
5. Siemens Healthcare Private Limited
6. McKesson Corporation
7. Epic Systems Corporation
8. IBM Corporation
9. General Electric Company
10. Tata Consultancy Services Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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