Healthcare Consulting Services Market Size, Analysis, Trends, Share and Forecast Till 2027

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The healthcare consulting services market size is anticipated to grow at a healthy 10.4% CAGR between 2019- 2024, as per the recent analysis by Market Research Future (MRFR).

The healthcare consulting services market size is anticipated to grow at a healthy 10.4% CAGR between 2019- 2024, as per the recent analysis by Market Research Future (MRFR). Healthcare consulting services, simply put, is a business that offers services used by clinics, hospitals, and healthcare companies for implementing a novel strategy for accurate management of different activities like insurance, finance, marketing, and accounting in the healthcare sector. The services of consulting in healthcare industry help in the hassle-free functioning of various activities in minimal time by boosting the connectivity and also simplify the procedure in the healthcare industry. 

The healthcare consulting services market is expected to register a CAGR of 12.38% during the forecast period. MRFR recognizes the following companies as the key players in the global healthcare consulting services firms—IQVIA (US), Accenture (Ireland), McKinsey Company (US), Cognizant (US), Deloitte (UK), Ernst Young (UK), Bain Company, Inc. (US), Huron Consulting Group Inc. (US), KPMG (Netherlands), PwC (UK), and Boston Consulting Group (US).

Market Highlights

Healthcare Consulting Services is an analytical technique utilized to determine the number of microorganisms in biological samples, food, beverages, and environmental samples. The Healthcare Consulting Services technique employs chemical, biological, biochemical, or molecular methods to identify and quantify microbes.

The global healthcare consulting services market is mainly driven by the increasing number of infectious diseases, growing government and private funds, and support for research and development. The rising number of product launches and approvals is also resulting in the market growth. However, factors such as unfavorable reimbursement scenarios and the inaccuracy of tests are restraining the growth of the market.

Segment Analysis

The global healthcare consulting services market has been divided based on type of services, application, and end user.

Based on type of services, the market has been segregated into IT consulting, digital consulting, financial consulting, operations consulting, and strategy consulting.

Based on application, the healthcare consulting services market has been divided into operations management, financial, population health, and clinical.

On the basis of end user, the market is bifurcated into hospitals clinics, government bodies, life science companies, and others.

Regional Analysis

The global healthcare consulting services market, based on region, the global healthcare consulting services market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East Africa. The Americas constitute the major share of the market due to their well-developed technology, presence of the leading players, and high healthcare expenditure. Europe accounts for the second-largest market share, followed by Asia-Pacific. Moreover, rising government support for research development and higher healthcare funds have driven the European healthcare consulting services market. Asia-Pacific is the fastest-growing healthcare consulting services market owing to the presence of huge opportunities for the development of this market and the rapidly changing healthcare sector. However, the Middle East Africa havethe least share of the market due to poor and slow-developed countries, especially in Africa. The Middle East accounts for the major share of the market due to well-developed infrastructure technology and high spending.

Key Findings of the Study

  • The global medical testing market was valued at USD 30,212.53 millionin 2019 and is projected to register a CAGR of 12.38% during the forecast period.
  • The Americas recorded for the major share of the global healthcare consulting services market due to presence of the leading players, well-developed technology, and high healthcare expenditure.
  • Based on types of services, the digital consulting segment accounted for the largest market share of 27.06% in 2020.
  • Based on application, the operations management segment accounted for the largest market size of USD 5,087.2million in 2020.
  • Based on end user, the life science companies segment accounted for the largest market size of USD 5,668.1 million in 2020.
  • Deloitte (UK), PwC (UK), Ernst Young (UK), Accenture (Ireland), and KPMG (Netherlands) are the key market players.

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