Report Id: SNS/HC/2199 | July 2022 | Region: Global | 131 Pages
Healthcare IT Consulting Market Size was valued at USD 46.35 billion in 2022, and is expected to reach USD 200.66 billion by 2030, and grow at a CAGR of 20.1% over the forecast period 2023-2030.
The market for healthcare IT consulting will expand in the future years. Digitalization and global improvements in the healthcare industry are what are driving the market. The market is anticipated to expand in the future with the aid of IT systems and cutting-edge techniques. Government policies and an increase in government support for healthcare IT consulting have created more prospects for this industry.
Financial planning, hospital software planning, facility planning, and infrastructure planning are all included in healthcare IT consulting. Healthcare consultancy aids the business in being more competitive and improving themselves systematically.
The management, automation, and control of various operations and processes in various healthcare organisations are the main areas of focus for healthcare IT consulting services. The main purposes of these services are to evaluate the organization's efficiency, profitability, and organizational structure and to provide suggestions for change.
Increasing HCIT Expenditures
Federal funding for healthcare IT solutions
Increasing Digitization in the Healthcare Sector
Growing Demand for Data Security
Venture capital investments in health IT are increasing
worries about the confidentiality of data
Opportunities in Emerging Markets for Healthcare IT Consultants
Consolidation in the Healthcare Sector is Growing
Positions Available at Small Rural Hospitals
Exorbitant Deployment Costs
IMPACT OF COVID-19
The healthcare market continues to be in decline as a result of the COVID-19 epidemic and the mandated lockout. Communities aside, COVID-19 was a catastrophe for the major world economies, particularly the healthcare industry. Important parties are continuing to modify their tactics in response to the fast-shifting circumstances. The healthcare sector is expected to see severe long-term effects from COVID-19. Prioritized healthcare reforms would need to be implemented by nations and significant stakeholders until the situation is resolved.
The near future will see significant advancements in technology, cost control, and expanded accessibility in healthcare reforms. In the ongoing outbreak, telemedicine and digital health have assumed a prominent role. The value of remote diagnosis, care, and consultation was reemphasized in COVID-19. Growth in Telehealth has been delayed over the last few years by legislative and behavioural constraints. Nevertheless, because so many healthcare organisations are already experimenting with video conferencing and phone calls, it is projected that this market will develop significantly over the next two years. The social isolation measures also required individuals with moderate conditions to consult online. Given these elements, the Healthcare IT Consulting Market is anticipated to be significantly impacted by Covid-19.
The market for consulting healthcare technology services is divided into several categories, including HCIT strategy and project management / program, health application analysis, design, and development, HCIT integration and migration, change management, health care / medical plan and safety setup and risk assessment , health care business reporting and data analysis services, live production / live post support, health care business process management, compliance, and other consulting services. The analysis phase of the healthcare application, design, and development is expected to have a very high CAGR during the speculative period. The fact that IT application analysis, design, and development are a key part of all IT solutions implementation projects can be used to define a large part of this market. Every health care facility has different requirements that require careful design, development, and implementation of compatible solutions.
By End User
The healthcare sector is expected to hold the largest market share for IT healthcare consulting. A large part of this market can be attributed mainly to factors such as rising health care costs, increased acceptance of HCIT solutions by providers as a cost-cutting measure, increasing acceptance of electronic medical records (EMRs) to improve patient care, increase hospital integration, change and enhance the resilience of provider solutions HCIT, and the growing acceptance of HCIT solutions by ACCs, Home Health Care Centers, and diagnostic centers.
Some of the major key players are as follows: Accenture plc, Cisco Systems, Deloitte Consulting, Cognizant Technology Solutions Corporation, IBM Corporation, Cerner Corporation, McKesson Corporation, Oracle, Siemens Healthineers, Tata Consultancy Services Limited.
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
By End User
The global market for IT health consulting services is divided into North America, Europe, Asia-Pacific, and the world. Europe is likely to reach second place in North America in terms of market share. Government measures to increase the acceptance of HCIT solutions, increased government funding for HCIT, flexible and robust legal requirements and authorization required for IT healthcare solutions, and the presence of a large number of IT solutions and services companies in the region are all influential factors. at the North American market size.
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$ 46.35 Billion|
|Market Size by 2030||US$ 200.6 Billion|
|CAGR||CAGR of 20.1% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• 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)
• By End User (Healthcare providers, Healthcare payers)
|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 plc, Cisco Systems, Deloitte Consulting, Cognizant Technology Solutions Corporation, IBM Corporation, Cerner Corporation, McKesson Corporation, Oracle, Siemens Healthineers, Tata Consultancy Services Limited.|
|Key Drivers||• Increasing HCIT Expenditures
• Federal funding for healthcare IT solutions
• Increasing Digitization in the Healthcare Sector
• Growing Demand for Data Security
• Venture capital investments in health IT are increasing
|Restraints||• worries about the confidentiality of data|
Frequently Asked Questions (FAQ) :
worries about the confidentiality of data is the main restraints of the Medical Device Security market.
Increasing Digitization in the Healthcare Sector, and Growing Demand for Data Security are all propelling the Healthcare IT Consulting market forward.
Europe is likely to reach second place in North America in terms of market share.
Accenture plc, Cisco Systems, Deloitte Consulting, Cognizant Technology Solutions Corporation, IBM Corporation are the key players of the Healthcare IT Consulting Market.
Healthcare IT Consulting Market Size was valued at USD 38.6 billion in 2021.
Table of Content
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
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Healthcare IT Consulting Market Segmentation, By Type
8.1 HCIT strategy and project/program management
8.2 Healthcare application analysis, design, and development
8.3 HCIT integration and migration
8.4 HCIT change management
8.5 Healthcare/medical system & security set-up and risk assessment
8.6 Healthcare enterprise reporting and data analytics services
8.7 Production go-live/post go-live support
8.8 Healthcare business process management
8.9 Regulatory compliance
9. Healthcare IT Consulting Market Segmentation, By End User
9.1 Healthcare providers
9.2 Healthcare payers
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
11.1 Accenture plc
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Cisco Systems
11.3 Deloitte Consulting
11.4 Cognizant Technology Solutions Corporation
11.5 IBM Corporation
11.6 Cerner Corporation
11.7 McKesson Corporation
11.9 Siemens Healthineers
11.10 Tata Consultancy Services Limited.
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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