Press release
Healthcare IT Consulting Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | ZS Associates India Pvt. Ltd., GeBBS Healthcare Solutions Inc., Optum Inc., Huron Consulting Group Inc., The Chartis Group LLC
Healthcare IT Consulting Market Size
The Business Research Company offers in-depth market insights through Healthcare IT Consulting Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The healthcare it consulting market size has grown rapidly in recent years. It will grow from $54.55 billion in 2023 to $64.59 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to regulatory compliance, ehr implementation, interoperability, security and privacy, population health management.
The healthcare it consulting market size is expected to see rapid growth in the next few years. It will grow to $129.19 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to telemedicine growth, genomics and precision medicine, cybersecurity and data protection, pandemic preparedness, healthcare equity. Major trends in the forecast period include digital transformation strategies, interoperability solutions, data analytics and ai integration, cloud adoption and hosting, health information exchange (hie).
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Market Segmentation:
The main types in healthcare IT consulting are HCIT change management, healthcare business process management, HCIT integration and migration, healthcare or medical system security set-up and risk assessment, healthcare enterprise reporting and data analytics, other types. HCI change management refers to an organized, structured approach with methods that enable healthcare organizations to transform workflows seamlessly. The different components include services, software, and hardware. The various end-users involved are hospitals and ambulatory care centres, diagnostic and imaging centres, public and private payers, and others.
Major Driver - Rising Digitization In Healthcare Fuels Expansion Of The Healthcare It Consulting Market
Growing digitalization in healthcare is expected to propel the growth of the healthcare IT consulting market going forward. Digitization refers to the method of converting information into a digital format. Due to the increase in the adoption of digitalization such as analytics and cloud services in healthcare, healthcare professionals require healthcare IT consulting services to understand and access digital solutions. For instance, according to StockApps.com, a Spain-based financial educational hub, the global digital health sector is expected to earn $149.9 billion in 2022, a 16.3% growth as compared to $128.80 billion in 2021. Therefore, the growing digitization in healthcare is driving the growth of the healthcare IT consulting market.
Competitive Landscape:
Major companies operating in the healthcare it consulting market include Accentur*e plc, Allscripts Healthcare Solutions Inc., Cerner Corporation, Cognizant Technology Solutions Corporation, Deloitte Touche Tohmatsu Limited, International Business Machines Corporation, Tata Consultancy Services Limited, General Electric Company, Epic Systems Corporation, Siemens Healthineers AG, McKesson Corporation, Koninklijke Philips N.V., HCL Technologies Limited, Hexaware Technologies Limited, Larsen & Toubro Infotech Limited, Microsoft Corporation, Wipro Limited, Oracle Corporation, Infosys Limited, Bain & Company Inc., The Boston Consulting Group Inc., Ernst & Young Global Limited, Genpact Limited, KPMG International Limited, McKinsey & Company Inc., Nordic Consulting Group A/S, PA Consulting Group Limited, Pivot Point Consulting LLC, PricewaterhouseCoopers International Limited, ScienceSoft USA Corporation, SIS International Group Inc., Stella Rising LLC, TechAhead Software Pvt. Ltd., Veraqor Inc., ZS Associates India Pvt. Ltd., GeBBS Healthcare Solutions Inc., Optum Inc., Huron Consulting Group Inc., The Chartis Group LLC
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Top Trend - Technology Advancements Transforming The Healthcare It Consulting Market
Technological advancement is a key trend gaining popularity in the healthcare IT consulting market. Major companies operating in the healthcare IT consulting market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Snowflake, a US-based cloud computing data cloud company launched healthcare SaaS, a cloud-based, data-sharing and consulting services platform. It integrates the company's analytics, core data warehousing, and business intelligence offerings with on-demand consulting services. The new cloud service also integrates machine learning and other applications to help healthcare companies in reducing the time to implement applications.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Healthcare IT Consulting Market Characteristics
3. Healthcare IT Consulting Market Trends And Strategies
4. Healthcare IT Consulting Market - Macro Economic Scenario
5. Healthcare IT Consulting Market Size And Growth
…..
27. Healthcare IT Consulting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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