Report Id: SNS/HC/1766 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Healthcare Consulting Services Market Size was valued at USD 26.70 billion in 2022, and expected to reach USD 65.21 billion by 2030, and grow at a CAGR of 11.8% over the forecast period 2023-2030.
Life science corporations, government organisations, hospitals, insurance firms, and research institutions hire healthcare consulting firms for business strategy help. Pharmaceutical, medical device companies, and biotechnology, as well as hospitals, regularly seek financial consulting, digital consulting, operations consulting, and strategic consulting assistance. Prior to delivering industry analysis and development recommendations, healthcare consulting businesses evaluate the organization's efficiency, structure, and profit loss ratio.
The practice of sharing expertise, giving guidance, and leading healthcare businesses to make business decisions that encourage growth and benefit their consumers and patients is referred to as healthcare consulting. All healthcare consultants share a common goal: to work with clients to develop and implement strategies that assist them navigate complexity, overcome problems, and achieve their business objectives, resulting in better patient care in the sector. Pharmaceutical businesses, health insurance companies, biotech start-ups, and governments use healthcare consultants to help them figure out the most efficient and effective ways to deliver healthcare.
Clients employ consultants to work on "cases" for a set amount of time. You'll most likely work in a strategy capacity in a bank or business function after leaving a consulting firm. A consultant or a manager, depending on the Corporate Function. If you work at the partner level, you will be a Head of Planning, etc. Strategy analysis, on the other hand, will remain a part of your responsibilities. The healthcare business has been a focal point of the COVID-19 dilemma. It was in charge of treating COVID-19 patients on the one hand, but it also confronted a number of obstacles that other industries face. Throughout all this, the industry has been forced to constantly innovate and look for new ways to treat patients. When it comes to accessing healthcare services, customer attitudes and behavior have changed dramatically.
Demand for healthcare consultant services is rising.
Push to reduce increasing healthcare outgoings
The healthcare consulting services industry is becoming more consolidated.
Costs of consultation services that are not disclosed
Concern about security
The healthcare industry is becoming more consolidated.
Cloud consultancy is in high demand.
In emerging markets, there is a growing demand
Multi-sourcing approaches are becoming more popular.
IMPACT OF COVID-19
The global population and economy have been severely harmed by the COVID-19 epidemic. As a result of the pandemic, healthcare institutions are under tremendous pressure to develop a well-coordinated environment in which all clinical and non-clinical tasks are linked internally and the organisation works in tandem with the other healthcare units. The new coronavirus epidemic has put a huge pressure on the healthcare and life sciences companies' ability to function.
The pandemic had a significant impact on independent consulting, resulting in decreased business, lower revenue, and project delays. Nevertheless, pharmaceuticals and healthcare were among the three main industries that were least affected by the pandemic.
Healthcare providers, pharma & biotech businesses, payers, medical device companies, and government agencies have all adopted innovative technologies, solutions, and services to tackle the pandemic, going beyond traditional routes to enhance workflows.
As a result, businesses would hire healthcare advisors to help them streamline their budgets, build better value propositions, and assess their financing sources. Most businesses will require plans to re-enter the market and financial conditions as economies re-open. Companies may seek the help of consulting firms to restructure in order to better prepare for the impending financial crisis.
By Service Type:
IT consulting, strategy consulting, Digital health consulting, operations consulting, HR & talent consulting, and financial consulting, are the many segments of the healthcare consulting services market. The operations consulting category held the greatest share of the market. The increase in reliance on operations consultants can be ascribed to the healthcare industry's transformation from fee-for-service to coordinated care model, which has resulted in a substantial proportion of this segment.
By End User:
Government agencies, healthcare providers, health insurance payers, pharmaceutical and biotechnology businesses, and medical device companies make up the healthcare consulting services market. During the projected period, the healthcare providers category is expected to grow at the fastest rate of 12.2 percent. With continually changing regulatory rules and technology breakthroughs, the healthcare business is undergoing tremendous upheaval, which is a major reason fueling the demand for healthcare consultants among hospitals and physician groups.
Some of the major key players are as follows: Accenture, McKinsey & Company, PwC, Huron Consulting Group Inc., Cognizant, Deloitte, Boston Consulting Group, Bain & Company, Inc., IQVIA, EY, KPMG, and other players.
By Service Type
Digital Health Consulting
HR & Talent Consulting
By End User
Pharmaceutical & Biotechnology Companies
Health Insurance Payers
Medical Device Companies
North America overwhelmed the medical care counseling administrations market, trailed by Europe and the RoW. The accessibility of government financing for the advancement of state-wide and cross country medical services data trade, the expanded inclination for HCIT arrangements, the expanded number of positive drives by local legislatures during the COVID-19 pandemic, the presence of enormous emergency clinics that request incorporated medical services organizations, the presence of central parts offering medical care counseling administrations, and high reception pace of these administrations by medical care associations to further develop care coordination, patient consideration, and business activities across the wellbeing frameworks are a portion of the key variables driving the reception of medical services counseling administrations in the district.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 26.70 Billion|
|Market Size by 203||US$ 65.21 Billion|
|CAGR||CAGR of 11.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Service Type (IT Consulting, Digital Health Consulting, Operations Consulting, Financial Consulting, Strategy Consulting, HR & Talent Consulting)
• By End User (Government Bodies, Pharmaceutical & Biotechnology Companies, Healthcare Providers, Health Insurance Payers, Medical Device Companies)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Accenture, McKinsey & Company, PwC, Huron Consulting Group Inc., Cognizant, Deloitte, Boston Consulting Group, Bain & Company, Inc., IQVIA, EY, KPMG, and other players.|
|DRIVERS||• Demand for healthcare consultant services is rising.
• Push to reduce increasing healthcare outgoings
• The healthcare consulting services industry is becoming more consolidated.
|RESTRAINTS||• Costs of consultation services that are not disclosed
• Concern about security
Frequently Asked Questions (FAQ) :
Healthcare Consulting Services Market Size was valued at USD 23.9 billion in 2021, and expected to reach USD 52.3 billion by 2028, and grow at a CAGR of 11.8% over the forecast period 2022-2028.
Endovascular treatment advances account for a major portion of new developments in the neurovascular devices market. The method has been shown to be beneficial in the treatment of cerebral aneurysms. In the therapeutic setting, a variety of neurovascular devices with new designs and materials have been developed and employed.
Key drivers of the Healthcare Consulting Services Market is Demand for healthcare consultant services is rising, push to reduce increasing healthcare outgoings
IT Consulting, Digital Health Consulting, Operations Consulting, Financial Consulting, Strategy Consulting, HR & Talent Consulting are the sub segments of Healthcare Consulting Services.
North America overwhelmed the medical care counseling administrations market, trailed by Europe and the Row.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Healthcare Consulting Services Market Segmentation, By Service Type
8.1 IT Consulting
8.2 Digital Health Consulting
8.3 Operations Consulting
8.4 Financial Consulting
8.5 Strategy Consulting
8.6 HR & Talent Consulting
9. Healthcare Consulting Services Market Segmentation, By End User
9.1 Government Bodies
9.2 Pharmaceutical & Biotechnology Companies
9.3 Healthcare Providers
9.4 Health Insurance Payers
9.5 Medical Device Companies
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11 Company Profiles
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 McKinsey & Company
11.4 Huron Consulting Group Inc.
11.7 Boston Consulting Group
11.8 Bain & Company, Inc.
12 Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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