Healthcare Consulting Service Market: Current Analysis and Forecast (2021-2027)

$3999$7577

Emphasis on Service Type (Digital Health Consulting, It Consulting, Operations Consulting, Strategy Consulting, Financial Consulting, and HR & Talent Consulting); End-users ( Healthcare Providers, Health Insurance Payers, Pharmaceutical & Biotechnology Companies, and Medical Device Companies); Region/Country

Detailed Analysis of COVID-19 Impact on the Healthcare Consulting Service Market

Pages:

213

Table:

41

Figure:

93

Report ID:

UMHE21881

Geography:

Clear
  Get a Free Sample
SKU: UMHE21881 Categories: ,
Report Description
Table of content
Research Methodology

Report Description

Healthcare Consulting Service Market
Healthcare Consulting Service Market

REQUEST FREE SAMPLE PDF

Global Healthcare consulting services market is anticipated to grow with an elevated CAGR of around 11% over the forecast period (2021-2027). A healthcare consulting firm acts as a contracted third-party advisor to a given player in the healthcare sector. Every healthcare organization could potentially contract advisory firms to assist in improving organizational competency.

With the rapid advancement in technology and rising competition awareness among the hospitals along with an increasing number of the startups and increasing prevalence of the data science significantly contribute to the market for the healthcare consulting. Furthermore, the relatively lesser strict government regulations and increasing investment medical sector are expected to contribute to the growth of the healthcare consulting market. For instance, the medical expenditure is expected to continue to rise due to reforms stated under the Patient Protection and Affordable Care Act (PPACA) states. Under the Medicaid expansion provision of the PPACA, states that have accepted federal funding for the expansion have provided coverage to individuals with incomes more than 133.0% of the federal poverty line.

Accenture, Cognizant, Deloitte, McKinsey & Company, PwC, EY, Huron Consulting Group Inc., KPMG, and Boston Consulting Group., are some of the prominent players operating in the Healthcare consulting services market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new varieties of Healthcare consulting services devices.

Insights Presented in the Report

“Amongst Service Type, Operation consulting segment holds the major share”

Based on service type, the digital health consulting, IT consulting, operations consulting, strategy consulting, financial consulting, and HR & talent consulting. Operations consulting accounted for a significant market share in 2020 and it is estimated that it will exhibit a higher CAGR during the forecast period. Operations consultancies involve providing claims process analysis by collaborating with staff to minimize the amount of time for claims processing and by implementing a better system of balances to improve the accuracy of the process. Additionally, consultants also work with healthcare providers to ensure cost-effective treatments, such as radiological services.

REQUEST FOR CUSTOMIZATION

“Amongst End-users, senior citizen segment holds the major share”

Based on end-users, the healthcare consulting services market is divided into healthcare providers, health insurance payers, pharmaceutical & biotechnology companies, and medical device companies. The healthcare providers segment grabbed a significant market share in 2020 and is anticipated to grow at a rapid rate in the upcoming years owing to the rapidly increasing geriatric population and rising prevalence of various chronic diseases that require a more convenient, easier way to manage them and provide better treatment, consultancy at home. For instance, as per the WHO, between 2015 and 2050, the proportion of the world’s population over 60 years will nearly double from 12% to 22%. Also, 1 in 6 people in the world will be aged 60 years or over by 2030.

“North America represents one of the largest markets of Healthcare consulting services market”

For a better understanding of the market dynamics of the Healthcare consulting services market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. In 2020, North America dominated the healthcare consulting services industry. This can be mainly due to the presence of people with high disposable incomes in the region and changing lifestyles promoting the growth of healthcare consulting services. As per, the U.S. Census Bureau, the median annual earnings at $41,535 in 2020 for workers aged 15 and over with earnings and $56,287 in 2020 for full-time workers. Furthermore, the presence of well-established market players and frequent product launches in the region significantly contribute to the dominance of the region in the healthcare consulting service market

SPEAK TO ANALYST

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry


Customization Options:

The global Healthcare consulting services market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Healthcare Consulting Services Market
2.2.Research Methodology of the Healthcare Consulting Services Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Healthcare Consulting Services Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY

 

5GLOBAL HEALTHCARE CONSULTING SERVICES MARKET COVID-19 IMPACT
6GLOBAL HEALTHCARE CONSULTING SERVICES MARKET REVENUE, 2019-2027F
7.1.Digital Health Consulting
7.2.IT Consulting
7.3.Operations Consulting
7.4.Strategy Consulting
7.5.Financial Consulting
7.6.HR & Talent Consulting 
8.1.Healthcare Providers
8.2.Health Insurance Payers      
8.3.Pharmaceutical & Biotechnology Companies              
8.4.Medical Device Companies
9.1.North America Healthcare Consulting Services Market 
 9.1.1.United States
 9.1.2.Canada 
 9.1.3.Rest of North America
9.2.Europe Healthcare Consulting Services Market 
 9.2.1.Germany 
 9.2.2.France 
 9.2.3.U.K. 
 9.2.4.Italy 
 9.2.5.Spain 
 9.2.6.Rest of Europe
9.3.Asia Pacific Healthcare Consulting Services Market
 9.3.1.China 
 9.3.2.Japan 
 9.3.3.India 
 9.3.4.Australia 
 9.3.5.Rest of Asia Pacific
9.4.Rest of World Healthcare Consulting Services Market
10.1.Market Drivers
10.2.Market Challenges
10.3.Impact Analysis
11HEALTHCARE CONSULTING SERVICES MARKET OPPORTUNITIES
12HEALTHCARE CONSULTING SERVICES MARKET TRENDS
13LEGAL & REGULATORY FRAMEWORK
14.1.Demand Side Analysis
14.2.Supply Side Analysis
15VALUE CHAIN ANALYSIS
16.1.Porter’s Five Forces Analysis
 16.1.1.Bargaining power of Supplier
 16.1.2.Bargaining power of Buyer
 16.1.3.Industry Rivalry
 16.1.4.Availability of Substitute
 16.1.5.Threat of new Entrants
16.2.Competitive Landscape
 16.2.1.Company Shares, By Revenue
17.1.Accenture
17.2.Cognizant 
17.3.Deloitte 
17.4.McKinsey & Company
17.5.PwC 
17.6.EY 
17.7.Huron Consulting Group Inc.
17.8.KPMG 
17.9.Boston Consulting Group
17.10.IQVIA  
18DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global healthcare consulting services market were the three major steps undertaken to create and analyze the adoption of healthcare consulting services in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Healthcare consulting services market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Seek More Details About Research Methodology

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the healthcare consulting services through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the healthcare consulting services market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as service type and end-users. Further country-level analyses were conducted to evaluate the overall adoption of Healthcare consulting services across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Healthcare consulting services. Further, we conducted factor analysis using dependent and independent variables such as the growing number of people with chronic diseases and the increasing elderly population all over the globe. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Healthcare consulting services sector across the globe.

Seek More Details About Research Methodology

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Healthcare consulting services market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of healthcare consulting services across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the healthcare consulting services market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Healthcare Consulting Service Market
Healthcare Consulting Service Market

Seek More Details About Research Methodology

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Healthcare consulting services market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of service type and end-users of the Healthcare consulting services market.

The main objective of the Healthcare consulting services market Study

The current & future market trends of Healthcare consulting services were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of healthcare consulting services in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of service type and end-users
  • Define and analysis of the regulatory framework for the healthcare consulting services industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the healthcare consulting services market for the major region
  • Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
  • Company profiles of the Healthcare consulting services market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?