Global Healthcare IT Consulting Market Will Reach USD 67.7 Billion By 2024: Zion Market Research

According to the report, global healthcare IT consulting market was valued at approximately USD 18.6 billion in 2017 and is expected to generate revenue of around USD 67.7 billion by end of 2024, growing at a CAGR of around 19.6% between 2018 and 2024.

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New York, NY, July 26, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Healthcare IT Consulting Market by Type (Application Analysis, Design & Development, Strategy & Project Management, Change Management, Security & Risk Assessment, Integration & Migration, Production Live Support, Regulatory Compliance, Business Process Management, and Other Consulting Services) and by End User (Healthcare Providers, Healthcare Payers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global healthcare IT consulting market was valued at approximately USD 18.6 billion in 2017 and is expected to generate revenue of around USD 67.7 billion by end of 2024, growing at a CAGR of around 19.6% between 2018 and 2024.

Increasing dependability of the healthcare industry on the digital platform along with trends of electronic record maintenance as it allows easy accessibility of data from various platforms in real time is estimated to accelerate the growth of the healthcare IT consulting market over the estimated time.

Browse through 38 Tables & 27 Figures spread over 110 Pages and in-depth TOC on "Global Healthcare IT Consulting Market Size, Share 2017: Industry Segments, Growth Analysis, overview and Forecast 2024”.

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Healthcare IT consulting market is mainly driven by the growing prevalence of electronic healthcare information exchange in the global market. This prevalence is mainly driven by the large patient pool all across the globe which is growing at a constant pace and making it impossible to maintain handwritten records. Furthermore, enhancement in the features of the healthcare IT consulting services has made it more prominent among the consumers. All these factors are anticipated to drive the healthcare IT consulting market over the forecast period. However, the lack of trained professionals in healthcare IT consulting market is acting as a restraint for the market and may affect its growth in the long term. Nonetheless, the growing requirement for data security coupled with prominent investment by the government and ruling authorities in healthcare IT consulting market across the globe are likely to disclose new platforms in the near future.

The healthcare IT consulting market is divided on the basis of the type as design & development, application analysis, strategy & project management, change management, security, and risk assessment, integration & migration, production live support, regulatory compliance, business process management, and other consulting services. By type segment, design & development is estimated to cover prominent market value share as it is a significant tool which is required for developing, designing and implementation of all IT solutions.

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Based on the end user, healthcare IT consulting is segmented into healthcare providers, healthcare payers, and others. By end user segment, healthcare providers are covering the large market value share, which is attributed to the growing adoption of electronic record maintenance along with the integration of the hospital to provide more prominent services to the patient base.

North America is estimated to hold the largest market value share in healthcare IT consulting market. The U.S. is by far the leading healthcare IT consulting market by country in North America. The U.S. market is expected to grow with significant CAGR during the forecast period. Significant investments by the government in healthcare IT solutions along with the increasing digitalization dependency is supporting the growth of healthcare IT consulting market in North America.

North America is anticipated to be followed by Europe and is expected to show significant growth in the near future. This growth is mainly supported by the increasing healthcare infrastructure and high per capita income in this region.

Browse the full "Healthcare IT Consulting Market by Type (Application Analysis, Design & Development, Strategy & Project Management, Change Management, Security & Risk Assessment, Integration & Migration, Production Live Support, Regulatory Compliance, Business Process Management, and Other Consulting Services) and by End User (Healthcare Providers, Healthcare Payers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/healthcare-it-consulting-market

Asia Pacific is projected to observe prominent development over the forecast period. Developing and developed countries of Asia Pacific such as China, India, and Japan is expected to show significant growth in the healthcare IT consulting market. Development in Asia Pacific market is majorly supported by the growing awareness about the technology developed methods for data management and upsurge need for a more reliable platform for record maintenance of a large number of patient pool.

In the Middle East & Africa; African region is anticipated to witness low to moderate growth rate mainly owing to lack of knowledge and convenience to the developed IT solutions. Latin America is another important province observing the major growth in healthcare IT consulting market.

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Some of the key players in healthcare IT consulting market include among Deloitte Touche Tohmatsu Limited, Cerner Corporation, Cognizant Technology Solutions Corporation, Cisco Systems Inc., Cerner Corporation, Atos Se, Allscripts Healthcare Solutions Inc., Accenture Plc., HCL Technologies Limited, Genpact Limited, General Electric Company, Epic Systems Corporation, Microsoft Corporation, Mckesson Corporation, Larsen & Toubro Limited, Koninklijke Philips N.V., Infosys Ltd., Infor Inc., IBM Corporation, Hexaware Technologies Ltd., and others.

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This report segments the global healthcare IT consulting market as follows:

Global Healthcare IT Consulting Market: By Type

  • Application Analysis, Design & Development
  • Strategy & Project Management 
  • Change Management  
  • Security & Risk Assessment
  • Integration and Migration
  • Production Live Support 
  • Regulatory Compliance
  • Business Process Management
  • Other Consulting Services

Global Healthcare IT Consulting Market: By End User

  • Healthcare Providers
    • Ambulatory Care Centers
    • Hospitals, Physician Groups, & Integrated Delivery Networks
    • Diagnostic and Imaging Centers
    • Home Healthcare Agencies, Nursing Homes & Assisted Living Facilities
    • Other Healthcare Providers
  •  Healthcare Payers 
    • Public Payers
    • Private Payers 
  • Others

Global Healthcare IT Consulting Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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