Procurement Outlook
Healthcare consulting services help healthcare providers, pharmaceutical companies, pharmacies, and medical device companies, to optimize efficiency, revenue generation, and structural improvements.
The healthcare consulting firms can be categorized into the following types:
• Generalist firms: These firms can participate in consulting projects across multiple industries. Some key generalist firms are McKinsey, BCG, Accenture, Deloitte, etc.
• Product firms: Firms like Trinity, HealthAdvances, and Clearview comes under this category. These firms primarily focus their consulting efforts on getting medical products into markets.
• Delivery firms: These firms focus on helping care providers such as doctor networks, hospital groups, and specialty practices, operate efficiently.
• Specialist firms: Firms like IQVIA has their in-house proprietary healthcare database, which they utilize to help across specific, critical needs that come up from various healthcare players.
Following are the type of key services that a consulting firm can offer to a healthcare client:
• Strategic consulting
• Technology implementation
• HR and people management
• Legal and regulatory affairs
• Marketing
• Contract specialists
• Revenue and reimbursement experts
Grab your copy, or request for a free sample of the “Healthcare Consulting Services Industry Procurement Intelligence Report, published by Grand View Research” for In-depth details regarding supplier ranking and selection, sourcing, and pricing criteria & strategies.Cost Drivers
Demand Outlook
The global healthcare consulting services market is valued at USD 12 billion in 2020 and it is expected to grow at a CAGR of 10% from 2020 to 2025 due to the rising demand for advanced infrastructure in the healthcare industry. North America is leading the healthcare consulting services market with a 35% market share followed by Europe with 25% and APAC with 20%. APAC is expected to witness the highest CAGR during the forecast period as many small and medium-sized healthcare consulting companies have emerged in countries like India.
Cost Drivers
The cost of healthcare consulting services is completely dependent on the hourly rate of consultants as it accounted for more than 80% of the overall cost of healthcare consulting services. The hourly rate of consultants depends on geographic region. Healthcare consultants rate in APAC is 70%-80% lower than that of in North America and Western Europe.With the aerospace and automobile industries requiring materials sturdier than glass fibers, the requirement for carbon fibers growing. In certain cases, especially in the aerospace industry, there is a niche uptake of aramid fibers. Both these varieties are costlier than glass fibers and helping the market grow from a value-driven perspective.
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Browse through Grand View Research’s collection of procurement intelligence studies:
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