Global Healthcare Consulting Market to Grow at a CAGR of 9.9% During 2024-2032, Driven by the Need for Healthcare Providers to Improve their Services

North America is expected to hold a significant share of the healthcare consulting market. Health care spending, both as a share of GDP and per person is higher in the United States than in other high-income countries, across the globe. Healthcare consulting firms have the capability to support various entities within the healthcare sector, such as hospitals and pharmaceutical companies, to enhance the delivery of their services to patients.

By assisting with telehealth and remote patient monitoring, regulatory compliance, population health management, and digital transformation, consulting companies can help healthcare organisations adapt to the changing landscape of the healthcare sector and improve patient outcomes. The integration of artificial intelligence and Machine Learning to develop predictive analytics tools can help healthcare providers develop personalised treatment plans and optimise care pathways for their patients.

Investments in mergers and acquisitions by key players also aid the market expansion. In September 2023, Accenture plc (NYSE: ACN) acquired Nautilus Consulting, a digital healthcare consultancy in the United Kingdom that specialises in Electronic Patient Record (EPR) solutions. The acquisition is aimed at enhancing Accenture’s digital transformation and optimisation capabilities across the United Kingdom and the global healthcare space.

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Market Breakup by Services, End User, and Region:

• The healthcare consulting market is segmented, based on services, into healthcare IT consulting, finance, operations, and general management, strategy consulting, HR and talent consulting, marketing and sales, and others.

• By end user, the market is segmented into pharmaceutical companies, hospitals, insurance companies, government organisations, and other healthcare providers.

• Region-wise, the global market for healthcare consulting can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising investment in healthcare infrastructure supports the growth of the market. Healthcare consulting can provide healthcare organisations with expert advice and support to boost their operations, by adapting to changing regulatory requirements and industry trends.

• Artificial intelligence (AI) and machine learning (ML) are revolutionising the healthcare sector. By integrating these technologies, healthcare consulting firms are helping end-use companies improve patient outcomes, reduce costs, and enhance efficiency.

• By analysing data on a group of individuals, healthcare providers can identify trends and risk factors, and develop targeted interventions to improve patient’s health. Healthcare consultants can remain competitive in the market by providing tailored solutions that meet the needs of clients.

• The demand for healthcare consultants is rising rapidly, as healthcare providers look to enhance their services and stay competitive in an increasingly complex and challenging healthcare market.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for healthcare consulting for the periods (2017-2023) and (2024-2032).

• The report also offers historical (2017-2023) and forecast (2024-2032) market information for the services, end user, and major regions of healthcare consulting.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global healthcare consulting market are Accenture plc, McKinsey & Company, Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers International Limited (PwC), L.E.K. Consulting, Huron Consulting Group Inc., Cognizant Technology Solutions Corporation, Ernst & Young Global Limited, Bain & Company, Inc., Boston Consulting Group, IQVIA, Inc., and Siemens Healthineers. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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