The Global Healthcare Consulting Services Market is expected to register a CAGR of 10.4% during the forecast period of 2019 to 2024.
Healthcare consulting services is an essential tool which are used in various healthcare centers. These services help in patient management in hospitals, product launching in healthcare industry and used in data management. It also helps to maintain connection between the patient and healthcare staff.
There is a high demand of healthcare consulting services in hospitals, clinics, healthcare companies, and other healthcare facilities. The key factors contributing for the market growth are growing awareness about the patient safety, rising demand for best practices in hospitals and healthcare centers, and rising government regulation regarding patient safety boosts the market growth.
However, the problem such as high cost for software development and complication in using it hinders the market growth.
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Major Players: Healthcare Consulting Services Market
Players leading the global healthcare consulting services market Accenture Consulting (US), McKinsey and Company (US), Cognizant (US), Deloitte Consulting (US), Ernst and Young (UK), Bain and Company (US), Deloitte Touche Tohmatsu Limited (US), Huron Consulting (US), KPMG (Switzerland), PWC (UK), and The Boston Consulting Group (US), among others.
Competitive Analysis: Healthcare Consulting Services Market
Highly competitive, the healthcare consulting services market appears fragmented due to the presence of many well-established players. To gain a substantial share in the market, innovation, M&A activities, brand reinforcement, and collaboration remain the key trends for these players. Players acquire promising companies in emerging markets to expand their footprints. They strive to develop customized solutions & services incorporating the latest technology and practices.
Segmentation: Healthcare Consulting Services Market
The global healthcare consulting services market is segmented on the basis of type of service, component, application, and end user.
On the basis of the type of service, the global healthcare consulting services market is categorized into IT consulting, digital consulting, financial consulting, operations consulting, and strategy consulting.
On the basis of the component, the global healthcare consulting services market is segmented into services, software, and hardware. On the basis of application, the market is segmented into operations management, financial, population health, and clinical.
On the basis of operations management, the market is sub-segmented into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling. Based on population health the market is sub-segmented into
population risk management, patient engagement, population therapy management, and others. On the basis of finance, the market is sub-segmented into revenue cycle management, fraud detection, and others. Based on clinical the market is sub-segmented into quality benchmarking, patient care enhancement, and clinical outcome analysis and management.
On the basis of the end user, the market is segmented into hospitals and clinics, life science companies, and government bodies.
Segmentation: Healthcare Consulting Services Market
The global healthcare consulting services market is segmented on the basis of type of service, component, application, and end user.
On the basis of the type of service, the global healthcare consulting services market is categorized into IT consulting, digital consulting, financial consulting, operations consulting, and strategy consulting.
On the basis of the component, the global healthcare consulting services market is segmented into services, software, and hardware. On the basis of application, the market is segmented into operations management, financial, population health, and clinical. On the basis of operations management, the market is sub-segmented into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling.
Based on population health the market is sub-segmented into population risk management, patient engagement, population therapy management, and others. On the basis of finance, the market is sub-segmented into revenue cycle management, fraud detection, and others. Based on clinical the market is sub-segmented into quality benchmarking, patient care enhancement, and clinical outcome analysis and management.
On the basis of the end user, the market is segmented into hospitals and clinics, life science companies, and government bodies.
Industry/ Innovation/ Related News
October 15, 2019 – Binder Dijker Otte (BDO – Belgium), a business advisory firm, announced the acquisition of Arteria, a Dutch healthcare consultancy, to boost its management consulting portfolio in the Netherlands. Alongside consultancy, BDO provides a broader mix of services to its healthcare clients, covering accountancy, assurance, tax, mergers & acquisitions, and legal.
The acquisition aligns with BDO’s strategic ambition to expand its Advisory and position in the healthcare sector. The deal marks BDO’s first acquisition in the Netherlands, after 2016, when BDO had purchased the Business Consultancy practice of software company CompLions. In 2018, BDO bolstered its Advisory division with two consulting firms in Belgium.
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