Global Healthcare Consulting Market Report and Forecast 2024-2032

Global Healthcare Consulting Market Outlook

The global healthcare consulting market value was USD 24.62 billion in 2023, driven by the increasing demand for healthcare services across the globe. The market size is anticipated to grow at a CAGR of 9.9% during the forecast period of 2024-2032 to achieve a value of USD 57.57 billion by 2032.

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North America to Hold a Significant Share in the Market Growth of Healthcare Consulting

North America is expected to hold a significant share in the healthcare consulting market over the coming years owing to the high presence of major market players. These include IBM Corporation, Cognizant Technology Solutions Corporation, and Bain & Company, Inc., among others. There is also high competition in the pharmaceutical and medical industry in the region.

An increase in the adoption of IT systems coupled with government support and surging IT infrastructure is likely to bolster the market growth across North America. With a strong economy and an increase in consulting spending in the country, the United States is likely to fuel the market growth in the upcoming years.

Meanwhile, the Asia Pacific is anticipated to register substantial growth in the market due to the developed healthcare system of Japan. Other contributing factors are the surging demand for innovative technology to maintain the data and deliver effective and efficient solutions to consumers.

Market Segmentation

Healthcare consulting is a specialised service where professionals of the industry provide guidance to medical organisations, government bodies, and hospitals on optimising their operations. The consulting is provided by specialists that have a detailed background on the applicable laws, any additional regulations, and requisite policies in that particular healthcare niche. The guidance is based on helping the healthcare sector make decisions that benefits all shareholders, including the patients, customers, and healthcare personnel.

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By type of services, the healthcare consulting market is divided into:

• Healthcare IT Consulting

• Finance, Operations, and General Management

• Strategy Consulting

• HR and Talent Consulting

• Marketing and Sales

• Others

Based on end use, the market is categorised into:

• Pharmaceutical Companies

• Hospitals

• Insurance Companies

• Government Organizations

• Other Healthcare Providers

The EMR report looks into the regional markets of healthcare consulting like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.

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Growing Healthcare Infrastructure to Fuel the Market Growth of Healthcare Consulting

The increasing investments by governments of emerging countries to modernise healthcare infrastructure is expected to bolster the growth of the healthcare consulting market across the globe during the forecast period. The growing adoption of analytics and cloud services, surging demand to reduce the rising costs of healthcare, and rising levels of digitisation in healthcare are further projected to propel the market demand.

The rising prevalence of chronic diseases like diabetes and cancer, among others in emerging countries. is likely to provide considerable opportunities for the market growth of healthcare consulting. Based on end use, the healthcare providers segment is expected to drive the market growth on account of the continuous growth in the patient volumes and significant transformations in the healthcare industry including technological advancements.

Key Players in the Global Market for Healthcare Consulting

The report presents a detailed analysis of the following key players in the global market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Accenture plc

• McKinsey & Company

• Deloitte Touche Tohmatsu Limited

• PricewaterhouseCoopers International Limited (PwC)

• Siemens Healthineers

• Huron Consulting Group Inc.

• Cognizant Technology Solutions Corporation

• Ernst & Young Global Limited

• Bain & Company, Inc.

• Boston Consulting Group

• IQVIA, Inc.

• Siemens Healthineers

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report