The “Global Healthcare Consulting Services Market By End User, By Type of Service, By Regional Outlook, Industry Analysis Report and Forecast, 2021-2027” report has been added to ResearchAndMarkets.com’s offering.
The Global Healthcare Consulting Services Market is expected to reach $44.9 billion by 2027, rising at a market growth of 11.7% CAGR during the forecast period.
COVID-19 Impact Analysis
The population and economy have been severely harmed by the COVID-19 pandemic. As a result of this, healthcare institutions are under tremendous pressure to develop a well-coordinated environment in which all clinical and non-clinical tasks are linked internally and the organization works in tandem with other healthcare units. More than 255 million confirmed cases had been reported globally as of November 2021, with more than 5 million deaths as per WHO.
The pandemic has had a significant impact on independent consulting, resulting in decreased business, lower revenue, and project delays. However, pharmaceuticals and healthcare were among the three main industries (along with chemicals and agriculture) that were least affected by the pandemic. Healthcare providers, payers, pharma & biotech businesses, medical device companies, and government agencies have all adopted innovative technologies, solutions, and services to tackle the outbreak, going beyond traditional routes to improve workflows.
Market Growth Factors
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Rising penetration of digital healthcare services
Due to the growing demand for efficient practical solutions, there has been a huge demand for healthcare advising services. Healthcare outsourcing is in high demand around the world due to its applications in a variety of disciplines within the healthcare industry. Furthermore, as a result of favorable government policies in both developed and emerging countries, possibilities for healthcare IT consulting are expanding. The ability of healthcare consultants to boost the overall corporate activities of healthcare organizations is expected to aid the growth of the healthcare consulting market during the forecast period.
Consolidation in the healthcare industry is becoming more common
The number of merger and acquisition transactions in the healthcare industry has been steadily increasing over the last several years. Synchronizing the digital and IT infrastructure of several businesses during merger activities is a difficult issue. IT departments are responsible for data migration and synchronization, as well as the continuing management of electronic medical records. With the rising number of mergers and acquisitions in the healthcare industry, a growing number of customers are likely to seek the assistance of healthcare consultants to overcome relevant obstacles in a seamless and cost-effective manner.
Source: Businesswire