What are the Global Growth Factors?

Healthcare Consulting Services Market growth is primarily driven by the growing geriatric population, the rising importance of value-based care; and technological advancements in healthcare.

What The Experts Says about the Market Growth?

The global Healthcare Consulting Services Market is projected to reach $15.88 billion by 2023, at a CAGR of 10.2%.

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Government bodies are expected to experience strong growth in the next five years due to a growing focus on value-based healthcare models

Based on the type of end user, the market is segmented into government bodies, payers, and life sciences companies & providers. The government bodies are expected to grow at the highest CAGR during the forecast period. Government bodies have the resources to pay for more risk-based contracts and agreements, which is a key factor driving this market.

Based on the type of service, the digital consulting service segment is projected to register the highest growth (value) during the forecast period

Based on the type of service, the market is segmented into digital consulting, IT consulting, strategy consulting, operations consulting, financial consulting, and HR & talent consulting. The digital consulting segment is expected to grow at the highest value while IT consulting is expected to register the highest CAGR during the forecast period. Factors driving the growth of this segment include the increasing growth of the geriatric population, importance of value-based healthcare service, and technological advancement in healthcare mainly in developing countries.Geographical Analysis:

Based on region, the healthcare consulting services market is segmented into North America, Europe, Asia Pacific, LATAM, and the Middle East & Africa. North America dominated the healthcare consulting services market in 2017. This is mainly due to the large base of pharmaceutical & life sciences companies and vast resources among the government bodies and payers to take up risk-based contracts and agreements.

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Key Market Players:

Key players operating in the healthcare consulting services market include Accenture (US), McKinsey & Company (US), Cognizant (US), Deloitte Consulting (UK), and Ernst & Young (UK).