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This research study involved the top down and bottom up approaches to estimate and validate the size of the Healthcare Consulting Services Market size. Various secondary sources such as the World Health Organization, National Society of Certified Healthcare Business Consultants, American Association of Healthcare Consultants, European Health Management Association, have been used to identify and collect information useful for this extensive commercial study of the healthcare consulting services industry.

Objectives of Study:

# To define, describe, and forecast the healthcare consulting services market (by value) on the basis of the type of service, end user, and region

# To identify micromarkets and the drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the market

# To strategically analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market

# Forecast revenue of the market with respect to four main regional segments, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America

# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players

# To profile key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies

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Target Audience for This Report:

# Companies partnering with healthcare consulting services
# Market research and consulting firms
# Healthcare providers
# Healthcare payers
# Government institutions

Healthcare Consulting Services:

# IT Consulting
# Digital Consulting
# Financial Consulting
# Operations Consulting
# Strategy Consulting
# HR and Talent Consulting

Major Factors Driving Growth In Healthcare Consulting Services Market:

Market growth is primarily driven by the growing geriatric population, the rising importance of value-based care; and technological advancements in healthcare.

Opportunities:

1. Consolidation in the U.S. Healthcare Market

Key Questions Answered in This Report:

1. What are the growth opportunities related to the adoption of healthcare consulting services across major regions in the future?

2. Emerging countries have immense opportunities for the growth of healthcare consulting services. Will this scenario continue in the next five years?

3. Where will all the advancements offered by various companies take the industry in the mid- to long-term?

4. What are the new trends and advancements in the market?

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What Expert Says About the Global Market Growth?

The global healthcare consulting services market is expected to reach USD 15.88 billion by 2023 from USD 8.99 billion in 2017 and, at a CAGR of 10.2%.

Geographical Growth Analysis:

The global healthcare consulting services market was dominated by North America, followed by Europe in 2017. Factors such as increasing M&A activity, pricing pressure on pharmaceutical companies are driving the growth of the healthcare consulting services market in this region. Asia Pacific, however, is estimated to register the highest CAGR during the forecast period due to the increasing need for remote care and telemedicine in rural areas in the region.

Key Market Players:

# Delotte Touche Tohmatsu Limited
# McKinsey & Company
# Accenture Consulting
# Huron Consulting
# PWC
# Ernst & Young
# The Boston Consulting Group
# KPMG
# Cognizant

The healthcare consulting services market includes firms that specialize in providing business consulting services to stakeholders in the healthcare industry. The market for healthcare consulting services is expected to reach USD 15.88 billion by 2023 from USD 9.76 billion in 2018, at a CAGR of 10.2%. Growth in this market is mainly driven by factors such as the increasing geriatric population, the rising importance of value-based care, and technological advancements in healthcare mainly in developing countries.

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In this report, the healthcare consulting services market has been segmented by type of service, end user, and region.

On the basis of the type of service, the healthcare consulting market is categorized into digital consulting, IT consulting, strategy consulting, operations consulting, financial consulting, and HR & talent consulting. While the digital consulting segment held the largest share of the market in 2017, the IT consulting segment is expected to register the highest growth during the forecast period. Growth in this market can be attributed to the large volume of products and services developed by consultancy companies followed by the shift from paper-based healthcare models to digital healthcare models in developing countries.

The healthcare consulting service market is geographically segmented into North America, Europe, Asia Pacific, LATAM, and the Middle East & Africa. North America holds the largest share of the market owing to the high adoption of digital and IT consulting by government bodies and life science companies. Asia Pacific, however, is expected to register the highest growth rate during the study period.

Given the immense opportunities developed and developing countries are offering, healthcare consulting services market leaders and emerging players are increasingly focusing on offering new customized services, mergers, acquisitions, and expansions in emerging economies in order to expand their geographic presence and increase revenue.

Market Insight
The healthcare consulting services market is getting positive vibes across the globe due to its smooth functioning of diverse activities in less amount of time. Market Research Future has published a report on global healthcare consulting services market, which states that the market is anticipated to grow positively at a CAGR of 10.4% during the forecast period of 2019 to 2024.

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Healthcare consultant or healthcare consulting services is considered to be a business that is associated with providing services that are used by healthcare companies, hospitals, clinics, to instrument a new strategy for proper management of activities such as accounting, marketing, finance, insurance in the healthcare industry. These are essential factors that are contributing to the growth of the market significantly.

Key players for Global Healthcare Consulting Services Market

• Accenture Consulting (US)
• McKinsey and Company (US)
• Cognizant (US)
•  Deloitte Consulting (US)
•  Ernst and Young (UK)
•  Bain and Company (US)
•  Deloitte Touche Tohmatsu Limited (US)
•  Huron Consulting (US)
•  KPMG (Switzerland)
•  PWC (UK)
•  The Boston Consulting Group (US)

Market Drivers & Trends
The global healthcare consulting services market is on the verge of growing due to an increase in the demand for healthcare consulting services across the globe. The surge in demand is causing for increasing globalization, rising demand for healthcare products, and the addition of a new few features in the healthcare industry. 
Apart from this, the growing competition in the healthcare sector has also fortified significant companies to focus on the development of their business strategies. The development of the product, it's manufacturing, designing, and marketing also depends on the growth of the market. Therefore, these factors are claiming to be advantageous for the global healthcare consulting services market for tremendous growth over the assessment period. 
Other prominent factors such as growth in the global aging population, the rising worth of valuable care as well as technical developments in the healthcare industry are driving the growth of the market exponentially.

However, on the flip side, the factors such as the availability of similar technology and low product differentiation may pose as a hamper to the global healthcare consulting services market growth. Besides, the problem of data confidentiality is also expected to be a hamper to the growth of the market to an extent during the forecast period.

Intended Audience

• Biotechnological Institutes Hospitals and Clinics
• Ambulatory Care Centers & Home Care Settings
• Pharmaceutical & Biotech Companies
• Government Healthcare Institutes
• Medical Research Laboratories
• Market Research and Consulting Service Providers

Market Segmentation 
The segmentation of the global healthcare consulting services market has been done based on the type of services, component, application, and end-user.
By type of services: IT consulting, digital consulting, financial consulting, operations consulting, and strategy consulting is the segments.
By component: Services, software, and hardware are the segments. 
By application: operations management, financial, population health, and clinical are the segments. Operations management is further sub-segmented into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling. Then based on population health, the segments under it are population risk management, patient engagement, population therapy management, and others.
While by finance, the market is sub-segmented into revenue cycle management, fraud detection, an based on clinical the market is sub-segmented into quality benchmarking, patient care enhancement, and clinical outcome analysis and management.
By the end-user, hospitals and clinics, life science companies, and government bodies are the segments.

Regional Outlook

The Americas dominate the global healthcare consulting services market owing to the increase in healthcare infrastructure, growing awareness about the patient safety methods and increasing competition in healthcare companies opts for healthcare consultants for various solution and strategies which increases the demand for healthcare consulting services within the region.

Europe is second in the global healthcare consulting services market owing to increasing adaption of IT services in healthcare and increasing awareness about the healthcare consulting services is promoting the market across the globe.

The Asia-Pacific region is the fastest growing market owing to the increasing patient population, rising demand for various healthcare facilities for better treatment and increasing healthcare expenditure drives the market with the region. The Middle East & Africa has the least share in the global healthcare consulting services market owing to the presence of poor economies and low per capita income, especially in the African region.

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