Market Overview:
The global healthcare IT consulting market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for HCIT services from healthcare providers, payers, and other end users. Additionally, the growing need for secure and efficient healthcare systems is also contributing to the growth of the market. The HCIT strategy and project/program management segment is expected to account for the largest share of the global healthcare IT consulting market in 2018. This segment includes services such as HCIT assessment, planning & design, implementation & support, and optimization & transformation. The increasing demand for these services from healthcare providers and other end users is driving the growth of this segment. The Healthcare application analysis, design and development segment is projected to grow at a highest CAGR during forecast period owing rising adoption rates of latest technologies by various hospitals across globe .
Product Definition:
Healthcare IT Consulting is the process of providing expert advice to healthcare organizations on how best to use information technology (IT) in order to improve patient care, safety, and efficiency. Healthcare IT Consultants can help organizations implement new systems, optimize existing systems, and troubleshoot problems. They are also responsible for ensuring that healthcare IT solutions meet regulatory requirements. The importance of Healthcare IT Consulting cannot be overstated; it has the potential to improve patient outcomes while reducing costs.
HCIT Strategy and Project/Program Management:
HCIT Strategy and Project/Program Management, it's usage and growth factor in Healthcare IT Consulting market? What is HCIT strategy and project/program management, its usage.
The Health Care Information Technology (HCIT) strategy & project management include the techniques that are applied to assist businesses to make better decisions related to their technological requirements.
Healthcare Application Analysis, Design and Development:
Healthcare Application Analysis, Design and Development (HANA) is a methodology that involves the application analysis, design and development of healthcare IT solutions. HANA helps in analyzing the business requirements for applications related to finance, supply chain management, revenue cycle management and claims processing. It also helps in designing these applications as well as developing them from scratch.
Application Insights:
Healthcare application analysis segment dominated the overall industry in terms of revenue share in 2017. This can be attributed to a large number of organizations that are undertaking extensive IT modernization and technological advancements for enhancing clinical productivity. The design and development segment is expected to witness lucrative growth over the forecast period owing to an increasing need for designing, developing, testing, and implementing applications across all channels.
The other end-users or consumers include patients (both individual as well as corporate), third-party payers (such as private health insurers), government agencies such as HM Revenue & Customs (HMRC) or tax authorities worldwide who use information technology for managing financial data or tax compliance purposes. Healthcare providers are also considered another important end-user group due to their constant engagement with various systems within an organization¢â‚¬â„¢s infrastructure that support patient care delivery including medical records management system, laboratory information system, payment solutions among others.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of players coupled with their efforts to gain an advantage in the market through new product launches and strategic partnerships is expected to drive growth. For instance, In January 2018, Cerasis, Inc., a provider of IT infrastructure services for healthcare organizations announced that it had entered into a definitive agreement under which its subsidiary will acquire Health Care Service Corporation (HCSC), one of the world’s largest providers of mobile communication solutions for Healthcare and Transportation markets.
Asia Pacific is anticipated to be the fastest-growing region over the forecast period owing to increasing demand from developing countries such as China & India along with other factors such increasing disposable income leading towards improved healthcare facilities are expected drive this regional growth rate over next eight years.
Growth Factors:
- Increasing demand for healthcare IT consulting services due to the growing complexity of healthcare IT systems and the need for specialized skills to manage and operate these systems effectively.
- The increasing use of health information technology (HIT) by hospitals, clinics, physician practices, and other healthcare organizations to improve the quality and efficiency of patient care.
- The growth in electronic health records (EHRs) and other HIT applications as a result of federal incentives offered through the American Recovery and Reinvestment Act of 2009 (ARRA).
- The increasing demand for cloud-based solutions that offer scalability, flexibility, cost-effectiveness, and security advantages over on-premises solutions.
- The growing trend toward value-based care models that reward providers for delivering high-quality care at lower costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare IT Consulting Market Research Report
By Type
HCIT Strategy and Project/Program Management, Healthcare Application Analysis, Design and Development, HCIT Integration and Migration, HCIT Change Management
By Application
Healthcare/Medical System Security Set-Up and Risk Assessment, Healthcare Enterprise Reporting and Data Analytics, Healthcare Providers, Healthcare Payers, Other End Users
By Companies
IBM Corporation, General Electric (GE) Company, Siemens Healthineers, Cerner Corporation, Mckesson Corporation, NTT Data Corporation, Allscripts Healthcare Solutions, Deloitte Touche Tohmatsu Limited, Epic Systems Corporation, Cognizant, Oracle Corporation, Accenture, Infosys
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare IT Consulting Market Report Segments:
The global Healthcare IT Consulting market is segmented on the basis of:
Types
HCIT Strategy and Project/Program Management, Healthcare Application Analysis, Design and Development, HCIT Integration and Migration, HCIT Change Management
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare/Medical System Security Set-Up and Risk Assessment, Healthcare Enterprise Reporting and Data Analytics, Healthcare Providers, Healthcare Payers, Other End Users
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM Corporation
- General Electric (GE) Company
- Siemens Healthineers
- Cerner Corporation
- Mckesson Corporation
- NTT Data Corporation
- Allscripts Healthcare Solutions
- Deloitte Touche Tohmatsu Limited
- Epic Systems Corporation
- Cognizant
- Oracle Corporation
- Accenture
- Infosys
Highlights of The Healthcare IT Consulting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- HCIT Strategy and Project/Program Management
- Healthcare Application Analysis, Design and Development
- HCIT Integration and Migration
- HCIT Change Management
- By Application:
- Healthcare/Medical System Security Set-Up and Risk Assessment
- Healthcare Enterprise Reporting and Data Analytics
- Healthcare Providers
- Healthcare Payers
- Other End Users
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare IT Consulting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare IT Consulting is a professional service that provides support and advice to healthcare organizations in the area of information technology. Healthcare IT Consulting professionals work with clients to identify and address specific needs in information technology, including systems development, infrastructure management, security solutions, data governance and analytics.
Some of the major players in the healthcare it consulting market are IBM Corporation, General Electric (GE) Company, Siemens Healthineers, Cerner Corporation, Mckesson Corporation, NTT Data Corporation, Allscripts Healthcare Solutions, Deloitte Touche Tohmatsu Limited, Epic Systems Corporation, Cognizant, Oracle Corporation, Accenture, Infosys.
The healthcare it consulting market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare IT Consulting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare IT Consulting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare IT Consulting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare IT Consulting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare IT Consulting Market Size & Forecast, 2018-2028
4.5.1 Healthcare IT Consulting Market Size and Y-o-Y Growth
4.5.2 Healthcare IT Consulting Market Absolute $ Opportunity
Chapter 5 Global Healthcare IT Consulting Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Healthcare IT Consulting Market Size Forecast by Type
5.2.1 HCIT Strategy and Project/Program Management
5.2.2 Healthcare Application Analysis
5.2.3 Design and Development
5.2.4 HCIT Integration and Migration
5.2.5 HCIT Change Management
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Healthcare IT Consulting Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Healthcare IT Consulting Market Size Forecast by Applications
6.2.1 Healthcare/Medical System Security Set-Up and Risk Assessment
6.2.2 Healthcare Enterprise Reporting and Data Analytics
6.2.3 Healthcare Providers
6.2.4 Healthcare Payers
6.2.5 Other End Users
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare IT Consulting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare IT Consulting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Healthcare IT Consulting Analysis and Forecast
9.1 Introduction
9.2 North America Healthcare IT Consulting Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Healthcare IT Consulting Market Size Forecast by Type
9.6.1 HCIT Strategy and Project/Program Management
9.6.2 Healthcare Application Analysis
9.6.3 Design and Development
9.6.4 HCIT Integration and Migration
9.6.5 HCIT Change Management
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Healthcare IT Consulting Market Size Forecast by Applications
9.10.1 Healthcare/Medical System Security Set-Up and Risk Assessment
9.10.2 Healthcare Enterprise Reporting and Data Analytics
9.10.3 Healthcare Providers
9.10.4 Healthcare Payers
9.10.5 Other End Users
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Healthcare IT Consulting Analysis and Forecast
10.1 Introduction
10.2 Europe Healthcare IT Consulting Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Healthcare IT Consulting Market Size Forecast by Type
10.6.1 HCIT Strategy and Project/Program Management
10.6.2 Healthcare Application Analysis
10.6.3 Design and Development
10.6.4 HCIT Integration and Migration
10.6.5 HCIT Change Management
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Healthcare IT Consulting Market Size Forecast by Applications
10.10.1 Healthcare/Medical System Security Set-Up and Risk Assessment
10.10.2 Healthcare Enterprise Reporting and Data Analytics
10.10.3 Healthcare Providers
10.10.4 Healthcare Payers
10.10.5 Other End Users
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Healthcare IT Consulting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Healthcare IT Consulting Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Healthcare IT Consulting Market Size Forecast by Type
11.6.1 HCIT Strategy and Project/Program Management
11.6.2 Healthcare Application Analysis
11.6.3 Design and Development
11.6.4 HCIT Integration and Migration
11.6.5 HCIT Change Management
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Healthcare IT Consulting Market Size Forecast by Applications
11.10.1 Healthcare/Medical System Security Set-Up and Risk Assessment
11.10.2 Healthcare Enterprise Reporting and Data Analytics
11.10.3 Healthcare Providers
11.10.4 Healthcare Payers
11.10.5 Other End Users
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Healthcare IT Consulting Analysis and Forecast
12.1 Introduction
12.2 Latin America Healthcare IT Consulting Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Healthcare IT Consulting Market Size Forecast by Type
12.6.1 HCIT Strategy and Project/Program Management
12.6.2 Healthcare Application Analysis
12.6.3 Design and Development
12.6.4 HCIT Integration and Migration
12.6.5 HCIT Change Management
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Healthcare IT Consulting Market Size Forecast by Applications
12.10.1 Healthcare/Medical System Security Set-Up and Risk Assessment
12.10.2 Healthcare Enterprise Reporting and Data Analytics
12.10.3 Healthcare Providers
12.10.4 Healthcare Payers
12.10.5 Other End Users
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Healthcare IT Consulting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Healthcare IT Consulting Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Healthcare IT Consulting Market Size Forecast by Type
13.6.1 HCIT Strategy and Project/Program Management
13.6.2 Healthcare Application Analysis
13.6.3 Design and Development
13.6.4 HCIT Integration and Migration
13.6.5 HCIT Change Management
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Healthcare IT Consulting Market Size Forecast by Applications
13.10.1 Healthcare/Medical System Security Set-Up and Risk Assessment
13.10.2 Healthcare Enterprise Reporting and Data Analytics
13.10.3 Healthcare Providers
13.10.4 Healthcare Payers
13.10.5 Other End Users
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare IT Consulting Market: Competitive Dashboard
14.2 Global Healthcare IT Consulting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM Corporation
14.3.2 General Electric (GE) Company
14.3.3 Siemens Healthineers
14.3.4 Cerner Corporation
14.3.5 Mckesson Corporation
14.3.6 NTT Data Corporation
14.3.7 Allscripts Healthcare Solutions
14.3.8 Deloitte Touche Tohmatsu Limited
14.3.9 Epic Systems Corporation
14.3.10 Cognizant
14.3.11 Oracle Corporation
14.3.12 Accenture
14.3.13 Infosys
