Overview and Scope
Healthcare IT consulting refers to a consulting firm that acts as a contracted third-party advisor for a given player in the healthcare sector. These are helpful to make better decisions and improve the profit potential. The healthcare IT consulting is used to optimize efficiency, revenue generation, and structural improvements with various specializations emerging within the healthcare consulting sector such as strategic consulting, technology implementation, HR and people management, improvements in patient care, better staff communication and workflow, implementing competitive practices.
Sizing and Forecast
The healthcare it consulting market size has grown rapidly in recent years. It will grow from <b>$54.55 billion in 2023 to $64.59 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. </b> The growth in the historic period can be attributed to regulatory compliance, ehr implementation, interoperability, security and privacy, population health management.
The healthcare it consulting market size is expected to see rapid growth in the next few years. It will grow to <b>$129.19 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. </b> The growth in the forecast period can be attributed to telemedicine growth, genomics and precision medicine, cybersecurity and data protection, pandemic preparedness, healthcare equity. Major trends in the forecast period include digital transformation strategies, interoperability solutions, data analytics and ai integration, cloud adoption and hosting, health information exchange (hie).
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Segmentation & Regional Insights
The healthcare it consulting market covered in this report is segmented –
1) By Type: HCIT Change Management, Healthcare Business Process Management, HCIT Integration And Migration, Healthcare or Medical System Security Set-Up And Risk Assessment, Healthcare Enterprise Reporting And Data Analytics, Other Types
2) By Component: Services, Software, Hardware
3) By End User: Hospitals And Ambulatory Care Centers, Diagnostic And Imaging Centers, Public And Private Payers, Other End Users
<b>North America</b> was the largest region in the healthcare IT consulting market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare it consulting market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Growing digitalization in healthcare is expected to propel the growth of the healthcare IT consulting market going forward. Digitization refers to the method of converting information into a digital format. Due to the increase in the adoption of digitalization such as analytics and cloud services in healthcare, healthcare professionals require healthcare IT consulting services to understand and access digital solutions. For instance, according to StockApps.com, a Spain-based financial educational hub, the global digital health sector is expected to earn $149.9 billion in 2022, a 16.3% growth as compared to $128.80 billion in 2021. Therefore, the growing digitization in healthcare is driving the growth of the healthcare IT consulting market.
Key Industry Players
Major companies operating in the healthcare it consulting market include <b> Accenture plc, Allscripts Healthcare Solutions Inc., Cerner Corporation, Cognizant Technology Solutions Corporation, Deloitte Touche Tohmatsu Limited, International Business Machines Corporation, Tata Consultancy Services Limited, General Electric Company, Epic Systems Corporation, Siemens Healthineers AG, McKesson Corporation, Koninklijke Philips N.V., HCL Technologies Limited, Hexaware Technologies Limited, Larsen & Toubro Infotech Limited, Microsoft Corporation, Wipro Limited, Oracle Corporation, Infosys Limited, Bain & Company Inc., The Boston Consulting Group Inc., Ernst & Young Global Limited, Genpact Limited, KPMG International Limited, McKinsey & Company Inc., Nordic Consulting Group A/S, PA Consulting Group Limited, Pivot Point Consulting LLC, PricewaterhouseCoopers International Limited, ScienceSoft USA Corporation, SIS International Group Inc., Stella Rising LLC, TechAhead Software Pvt. Ltd., Veraqor Inc., ZS Associates India Pvt. Ltd., GeBBS Healthcare Solutions Inc., Optum Inc., Huron Consulting Group Inc., The Chartis Group LLC </b>
The healthcare it consulting market report table of contents includes:
1. Executive Summary
2. Healthcare IT Consulting Market Characteristics
3. Healthcare IT Consulting Market Trends And Strategies
4. Healthcare IT Consulting Market – Macro Economic Scenario
5. Global Healthcare IT Consulting Market Size and Growth
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31. Global Healthcare IT Consulting Market Competitive Benchmarking
32. Global Healthcare IT Consulting Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Healthcare IT Consulting Market
34. Healthcare IT Consulting Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Accenture PLC
Allscripts Healthcare Solutions Inc.
Cognizant Technology Solutions Corporation
Deloitte Touche Tohmatsu Limited
International Business
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