The global healthcare IT consulting market was valued at $21,880.59 million in 2021, and is projected to reach $102,965.04 million by 2031, registering a CAGR of 16.7% from 2022 to 2031. Healthcare IT consulting companies provide health organizations with professional guidance spanning a wide range of services that may include manufactured goods, mobile devices, information systems, and retail. Healthcare companies face several challenges, such as changes in customer behavior, surge in regulatory demands, and market dynamics. Healthcare consultants work with these companies to innovate, drive better value for patients, and reduce the complexity and cost of operating systems.
The key factors that drive the growth of the market include rise in prevalence of cancer and chronic diseases; increase in geriatric population; and rise in demand to decrease healthcare costs. These factors drive the growth of the healthcare IT consulting market. For instance, according to the International Agency of Cancer Research, 9,503,710 new cancer cases were diagnosed in Asia in 2020. The reasons behind the rise in the prevalence of cancer are aging, global warming, and an unhealthy lifestyle, which leads to physiological changes triggering cancer. The surge in the prevalence of cancer and chronic diseases, increases the demand for consulting services for healthcare industry for the development of novel drug delivery system by reducing the cost of treatment. Moreover, rise in adoption of digitalization in healthcare IT solutions and increase in investments in healthcare IT service and the support or infrastructure provided by the government and private sector are anticipated to fuel the market growth.
Furthermore, increased preference for HCIT solutions during the COVID-19 pandemic, presence of large hospitals that demand integrated healthcare networks, presence of major players offering healthcare consulting services, and surge in adoption rate of these services by healthcare organizations to improve patient care coordination and business operations across the health systems are some of the key factors driving the growth of the healthcare IT consulting market.
However, the dearth of skilled professionals, the high cost of consulting services, data security, and privacy concerns are some of the factors which hamper the growth of the market. Conversely, emerging healthcare IT consulting services in developing countries and low-income countries lacking access to basic healthcare and the surge in technological advancements in the field of smartphones and internet connectivity to improve clinical outcomes, patient experience, and patient engagement are expected to accelerate market growth and provide lucrative opportunity for the growth of the market during the forecast period.
The healthcare IT consulting market is segmented on the basis of consulting type, end user and region. By consulting type, the market is segmented into HCIT strategy and project/program management, HCIT integration and migration, HCIT change management, healthcare/medical system & security set-up and risk assessment, healthcare enterprise reporting and data analytics services, healthcare business process management, healthcare application analysis, design and development and others. By end user, the market is segmented into healthcare providers, healthcare payers and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By end user, on the basis of healthcare providers, the market is further sub-segmented into hospitals and physicians' group, ambulatory care centers, diagnostic and imaging centers and others. On the basis of healthcare payers, it is further bifurcated into private payers and public payers.
- North America accounted for a majority of the healthcare IT consulting market share in 2021 and is anticipated to remain dominant during the forecast period. The healthcare IT consulting market is mainly driven by the increase in government initiatives for eHealth, subsequent improvements in the healthcare infrastructure in emerging countries, rise in medical tourism, and surge in demand for quality healthcare.
- Asia-Pacific was the second largest contributor to the market in 2021, and is expected to register the fastest CAGR during the forecast period. This is due to the presence of high unmet medical needs and constantly improving healthcare infrastructure to cure chronic disorders. In addition, the rapidly growing elderly population in emerging nations is set to drive the market growth in the Asia-Pacific region. This helps several market players to invest in Asia-Pacific countries, which in turn contributes toward the market growth.
- The key players that operate in the Healthcare IT consulting market are Allscripts Healthcare LLC, Cognizant, Deloitte, Epic System Corporation, General Electric Company, IBM Corporation, Koninklijke Philips N.V., McKesson Corporation, Oracle Corporation, Siemens AG
- Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the healthcare it consulting market analysis from 2021 to 2031 to identify the prevailing healthcare it consulting market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the healthcare it consulting market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global healthcare it consulting market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Consulting Type
- Healthcare application analysis, design, and development
- HCIT strategy and project/program management
- HCIT integration and migration
- HCIT change management
- Healthcare/medical system and security set-up and risk assessment
- Healthcare enterprise reporting and data analytics services
- Healthcare business process management
- Others
By End User
- Healthcare providers
- Type
- Hospitals and physician groups
- Ambulatory care centers
- Diagnostic and imaging centers
- Others
- Healthcare payers
- Type
- Private payers
- Public payers
- Others
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Key Market Players
- Allscripts Healthcare LLC
- Cognizant Technology Inc.
- Koninklinjke Philips
- General Electric Company
- McKesson Corporation
- Siemens AG
- IBM Corporation
- Epic Systems Corporation
- Deloitte Touche Tohmatsu Limited
- Oracle Corporation
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: HEALTHCARE IT CONSULTING MARKET, BY CONSULTING TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Healthcare application analysis, design, and development
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 HCIT strategy and project/program management
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 HCIT integration and migration
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.5 HCIT change management
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
- 4.6 Healthcare/medical system and security set-up and risk assessment
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market analysis by country
- 4.7 Healthcare enterprise reporting and data analytics services
- 4.7.1 Key market trends, growth factors and opportunities
- 4.7.2 Market size and forecast, by region
- 4.7.3 Market analysis by country
- 4.8 Healthcare business process management
- 4.8.1 Key market trends, growth factors and opportunities
- 4.8.2 Market size and forecast, by region
- 4.8.3 Market analysis by country
- 4.9 Others
- 4.9.1 Key market trends, growth factors and opportunities
- 4.9.2 Market size and forecast, by region
- 4.9.3 Market analysis by country
CHAPTER 5: HEALTHCARE IT CONSULTING MARKET, BY END USER
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Healthcare providers
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.2.4 Healthcare providers Healthcare IT Consulting Market by Type
- 5.2.4.1 Hospitals and physician groups Market size and forecast, by region
- 5.2.4.2 Ambulatory care centers Market size and forecast, by region
- 5.2.4.3 Diagnostic and imaging centers Market size and forecast, by region
- 5.2.4.4 Others Market size and forecast, by region
- 5.3 Healthcare payers
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.3.4 Healthcare payers Healthcare IT Consulting Market by Type
- 5.3.4.1 Private payers Market size and forecast, by region
- 5.3.4.2 Public payers Market size and forecast, by region
- 5.4 Others
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
CHAPTER 6: HEALTHCARE IT CONSULTING MARKET, BY REGION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 North America Market size and forecast, by Consulting Type
- 6.2.3 North America Market size and forecast, by End User
- 6.2.3.1 North America Healthcare providers Healthcare IT Consulting Market by Type
- 6.2.3.2 North America Healthcare payers Healthcare IT Consulting Market by Type
- 6.2.4 North America Market size and forecast, by country
- 6.2.4.1 U.S.
- 6.2.4.1.1 Market size and forecast, by Consulting Type
- 6.2.4.1.2 Market size and forecast, by End User
- 6.2.4.2 Canada
- 6.2.4.2.1 Market size and forecast, by Consulting Type
- 6.2.4.2.2 Market size and forecast, by End User
- 6.2.4.3 Mexico
- 6.2.4.3.1 Market size and forecast, by Consulting Type
- 6.2.4.3.2 Market size and forecast, by End User
- 6.3 Europe
- 6.3.1 Key trends and opportunities
- 6.3.2 Europe Market size and forecast, by Consulting Type
- 6.3.3 Europe Market size and forecast, by End User
- 6.3.3.1 Europe Healthcare providers Healthcare IT Consulting Market by Type
- 6.3.3.2 Europe Healthcare payers Healthcare IT Consulting Market by Type
- 6.3.4 Europe Market size and forecast, by country
- 6.3.4.1 Germany
- 6.3.4.1.1 Market size and forecast, by Consulting Type
- 6.3.4.1.2 Market size and forecast, by End User
- 6.3.4.2 France
- 6.3.4.2.1 Market size and forecast, by Consulting Type
- 6.3.4.2.2 Market size and forecast, by End User
- 6.3.4.3 UK
- 6.3.4.3.1 Market size and forecast, by Consulting Type
- 6.3.4.3.2 Market size and forecast, by End User
- 6.3.4.4 Italy
- 6.3.4.4.1 Market size and forecast, by Consulting Type
- 6.3.4.4.2 Market size and forecast, by End User
- 6.3.4.5 Spain
- 6.3.4.5.1 Market size and forecast, by Consulting Type
- 6.3.4.5.2 Market size and forecast, by End User
- 6.3.4.6 Rest of Europe
- 6.3.4.6.1 Market size and forecast, by Consulting Type
- 6.3.4.6.2 Market size and forecast, by End User
- 6.4 Asia-Pacific
- 6.4.1 Key trends and opportunities
- 6.4.2 Asia-Pacific Market size and forecast, by Consulting Type
- 6.4.3 Asia-Pacific Market size and forecast, by End User
- 6.4.3.1 Asia-Pacific Healthcare providers Healthcare IT Consulting Market by Type
- 6.4.3.2 Asia-Pacific Healthcare payers Healthcare IT Consulting Market by Type
- 6.4.4 Asia-Pacific Market size and forecast, by country
- 6.4.4.1 Japan
- 6.4.4.1.1 Market size and forecast, by Consulting Type
- 6.4.4.1.2 Market size and forecast, by End User
- 6.4.4.2 China
- 6.4.4.2.1 Market size and forecast, by Consulting Type
- 6.4.4.2.2 Market size and forecast, by End User
- 6.4.4.3 Australia
- 6.4.4.3.1 Market size and forecast, by Consulting Type
- 6.4.4.3.2 Market size and forecast, by End User
- 6.4.4.4 India
- 6.4.4.4.1 Market size and forecast, by Consulting Type
- 6.4.4.4.2 Market size and forecast, by End User
- 6.4.4.5 South Korea
- 6.4.4.5.1 Market size and forecast, by Consulting Type
- 6.4.4.5.2 Market size and forecast, by End User
- 6.4.4.6 Rest of Asia-Pacific
- 6.4.4.6.1 Market size and forecast, by Consulting Type
- 6.4.4.6.2 Market size and forecast, by End User
- 6.5 LAMEA
- 6.5.1 Key trends and opportunities
- 6.5.2 LAMEA Market size and forecast, by Consulting Type
- 6.5.3 LAMEA Market size and forecast, by End User
- 6.5.3.1 LAMEA Healthcare providers Healthcare IT Consulting Market by Type
- 6.5.3.2 LAMEA Healthcare payers Healthcare IT Consulting Market by Type
- 6.5.4 LAMEA Market size and forecast, by country
- 6.5.4.1 Brazil
- 6.5.4.1.1 Market size and forecast, by Consulting Type
- 6.5.4.1.2 Market size and forecast, by End User
- 6.5.4.2 Saudi Arabia
- 6.5.4.2.1 Market size and forecast, by Consulting Type
- 6.5.4.2.2 Market size and forecast, by End User
- 6.5.4.3 South Africa
- 6.5.4.3.1 Market size and forecast, by Consulting Type
- 6.5.4.3.2 Market size and forecast, by End User
- 6.5.4.4 Rest of LAMEA
- 6.5.4.4.1 Market size and forecast, by Consulting Type
- 6.5.4.4.2 Market size and forecast, by End User
CHAPTER 7: COMPANY LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Key developments
CHAPTER 8: COMPANY PROFILES
- 8.1 Allscripts Healthcare LLC
- 8.1.1 Company overview
- 8.1.2 Company snapshot
- 8.1.3 Operating business segments
- 8.1.4 Product portfolio
- 8.1.5 Business performance
- 8.1.6 Key strategic moves and developments
- 8.2 Cognizant Technology Inc.
- 8.2.1 Company overview
- 8.2.2 Company snapshot
- 8.2.3 Operating business segments
- 8.2.4 Product portfolio
- 8.2.5 Business performance
- 8.2.6 Key strategic moves and developments
- 8.3 Koninklinjke Philips
- 8.3.1 Company overview
- 8.3.2 Company snapshot
- 8.3.3 Operating business segments
- 8.3.4 Product portfolio
- 8.3.5 Business performance
- 8.3.6 Key strategic moves and developments
- 8.4 General Electric Company
- 8.4.1 Company overview
- 8.4.2 Company snapshot
- 8.4.3 Operating business segments
- 8.4.4 Product portfolio
- 8.4.5 Business performance
- 8.4.6 Key strategic moves and developments
- 8.5 McKesson Corporation
- 8.5.1 Company overview
- 8.5.2 Company snapshot
- 8.5.3 Operating business segments
- 8.5.4 Product portfolio
- 8.5.5 Business performance
- 8.5.6 Key strategic moves and developments
- 8.6 Siemens AG
- 8.6.1 Company overview
- 8.6.2 Company snapshot
- 8.6.3 Operating business segments
- 8.6.4 Product portfolio
- 8.6.5 Business performance
- 8.6.6 Key strategic moves and developments
- 8.7 IBM Corporation
- 8.7.1 Company overview
- 8.7.2 Company snapshot
- 8.7.3 Operating business segments
- 8.7.4 Product portfolio
- 8.7.5 Business performance
- 8.7.6 Key strategic moves and developments
- 8.8 Epic Systems Corporation
- 8.8.1 Company overview
- 8.8.2 Company snapshot
- 8.8.3 Operating business segments
- 8.8.4 Product portfolio
- 8.8.5 Business performance
- 8.8.6 Key strategic moves and developments
- 8.9 Deloitte Touche Tohmatsu Limited
- 8.9.1 Company overview
- 8.9.2 Company snapshot
- 8.9.3 Operating business segments
- 8.9.4 Product portfolio
- 8.9.5 Business performance
- 8.9.6 Key strategic moves and developments
- 8.10 Oracle Corporation
- 8.10.1 Company overview
- 8.10.2 Company snapshot
- 8.10.3 Operating business segments
- 8.10.4 Product portfolio
- 8.10.5 Business performance
- 8.10.6 Key strategic moves and developments