The latest research study “Healthcare IT Consulting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global healthcare IT consulting market size reached US$ 34.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 97.45 Billion by 2027, exhibiting a growth rate (CAGR) of 17.50% during 2022-2027.
Healthcare IT consulting services represent the advisory support provided regarding operations management, financial planning, and business decisions to healthcare professionals and organizations. They are widely used to analyze workflows, and security, business needs, review IT environment components, improve patient care and medical procedures, and enhance information tracking and reporting systems. Healthcare IT consulting aids in increasing telehealth opportunities, remaining compliant with data privacy laws, minimizing medical malpractice, understanding organization, and offering faster service to patients. As a result, these services are extensively utilized by hospitals, imaging and diagnostic centers, healthcare payers, providers, and public health entities.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Healthcare IT Consulting Market Trends and Drivers:
The escalating demand for these services in the development and maintenance of clinical platforms, analytics dashboard, network optimization services, revenue cycle management (RCM), and enterprise resource planning support is among the primary factors driving the healthcare IT consulting market. Besides this, the increasing number of hospital admissions has surged the need for advanced and efficient systems to cope with the growing healthcare processes and infrastructure, which is further augmenting the market growth. Moreover, the integration of artificial intelligence (AI) with healthcare IT consulting to ensure data privacy, optimize resource management, gain insights from unstructured data, and provide a modernized approach to decision-making processes is also catalyzing the global market. Apart from this, the rising requirement for data security and the widespread utilization of digital medical models over paper-based counterparts are acting as significant growth-inducing factors. Furthermore, the launch of several policies by the government bodies supporting these solutions, the expanding geriatric population, and the extensive research and development (R&D) activities are expected to bolster the healthcare IT consulting market in the coming years.
Healthcare IT Consulting Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Accenture plc, Atos SE, Deloitte Touche Tohmatsu Limited, Genpact, HCL Technologies Limited (HCL Enterprise), Infosys Limited, International Business Machines Corporation, Koninklijke Philips N.V., NTT DATA Corporation (Nippon Telegraph and Telephone Corporation), Oracle Corporation, Siemens Healthineers AG (Siemens AG) and Tata Consultancy Services Limited.
The report has segmented the market on the basis of consulting type and end user.
Breakup by Consulting Type:
- HCIT Change Management
- Healthcare Business Process Management
- HCIT Integration and Migration
- Healthcare/Medical System Security Set-Up and Risk Assessment
- Healthcare Enterprise Reporting and Data Analytics
- Others
Breakup by End User:
- Hospitals and Ambulatory Care Centers
- Diagnostic and Imaging Centers
- Public and Private Payers
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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