Healthcare Consulting Services Market Overview, Global Statistics, Business Profiles, Competitive La

Market Overview:

According to Market Research Future (MRFR), the global Healthcare Consulting Services Market is poised to create a significant revenue pocket by 2024. In its recently published analysis, MRFR also asserts that the market would register a CAGR of around 10.4% throughout the forecast period (2019-2024). Rising competition in the healthcare sector has encouraged major companies to focus on the improvement of their business strategies along with product designing, development, and marketing.

Healthcare consulting services support and advise care providers on new strategies and proper management of various activities, including operations, accounting, finance, marketing, and insurance, among others. This helps healthcare organizations to improve their operations, meeting the needs of clients, professionals, policymakers, and administrators. In-addition to various smoothening functions, the adoption of healthcare consulting services also helps the caregivers to reduce various operational costs & a considerable amount of time invested in the management, simplifying all the processes.

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Healthcare Consulting Services Market - Competitive Analysis

Highly competitive, the healthcare consulting services market appears fragmented due to the presence of many well-established players. To gain a substantial share in the market, innovation, M&A activities, brand reinforcement, and collaboration remain the key trends for these players. Players acquire promising companies in emerging markets to expand their footprints. They strive to develop customized solutions & services incorporating the latest technology and practices.

Major Players:

• Accenture Consulting
• McKinsey and Company
• Cognizant
• Deloitte Consulting
• Ernst and Young
• Bain and Company
• Deloitte Touche Tohmatsu Limited
• Huron Consulting

Global Healthcare Consulting Services Market – Segments

The market is segmented into five dynamics to widen the scope of understanding,

By Type of Service : IT Consulting and Digital Consulting.

By Component : Solutions and Services.

By Application : Operations Management, Financial, Population Health, and others.

By End-user : Hospitals, Clinics, Life Science Companies, and others.

By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).

Healthcare Consulting Services Market – Regional analysis

North America dominates the global healthcare consulting services market with the largest market share. Factors such as the presence of a large number of healthcare companies and increasing competition in the healthcare industry act as major tailwinds for the regional market growth.

To churn the market competition, healthcare companies in the region prefer consulting service provider for new strategies and solutions. Besides, transition in the healthcare sector towards value-based care delivery, high per capita healthcare expenditures along with the rising funds invested into R&D for the development of new technologies are supporting the growth of the regional market.

Europe stands second in the global healthcare consulting services market. Growing emphasis on the uptake of healthcare IT consulting and digital consulting for operations management drive the market growth in the region.

Industry/ Innovation/ Related News

October 15, 2019 – Binder Dijker Otte (BDO - Belgium), a business advisory firm, announced the acquisition of Arteria, a Dutch healthcare consultancy, to boost its management consulting portfolio in the Netherlands. Alongside consultancy, BDO provides a broader mix of services to its healthcare clients, covering accountancy, assurance, tax, mergers & acquisitions, and legal.

The acquisition aligns with BDO's strategic ambition to expand its Advisory and position in the healthcare sector. The deal marks BDO's first acquisition in the Netherlands, after 2016, when BDO had purchased the Business Consultancy practice of software company CompLions. In 2018, BDO bolstered its Advisory division with two consulting firms in Belgium.

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