Global Healthcare IT Consulting Market

Global Healthcare IT Consulting Market was valued US$ 21.21 bn in 2019 and is estimated to reach US$ XX by 2026 at a CAGR of XX %.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Global Healthcare IT consulting Market

Healthcare IT consulting market is segmented by Type, by End User, by Region. Types are divided into Strategy, Project Management, Integration, Migration, Security, Risk Assessment, Analytics, BPM, and Regulatory. End user is classified into Provider, Hospital, IDN, ACC, Home Care, Payer, Public, and Private. Region wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Healthcare IT consulting market presents real data and statistics on the inclinations and improvements in global Healthcare IT Consulting Markets. It also highlights manufacturing, abilities & technologies, and the unstable structure of the market. Market drivers that Increasing Digitization in Healthcare, Data Privacy, and Confidentiality. changing government regulations on payments such as healthcare providers not getting paid for the treatment or care provided but for the healthcare outcomes has made the dependency of hospitals on healthcare IT consulting providers. This trend is expected to continue in the forecast period and have a positive effect on Healthcare IT Consulting Market.

Based on the end user, 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.

In terms of region, North America is expected to account for the largest share of the global Healthcare IT Consulting market. Factors such as government initiatives to enhance adoption of HCIT solutions, increasing government expenditure on HCIT, changing and stringent legislative requirements and accreditations necessary for healthcare IT solutions, growing hospital consolidations, and the presence of a large number of IT solutions and services companies are supporting the growth of the global Healthcare IT Consulting market in the region.

Key players of market operate, Koninklijke Philips N.V., IBM Corporation,General Electric (GE) company, Siemens Healthiness (a division of Siemens Ag),Cerner Corporation, McKesson Corporation, NTT DATA Corporation ,ALLSCRIPTS HEALTHCARE,SOLUTIONS, INC., Deloitte Touche Tohmatsu Limited, Epic Systems Corporation, Cognizant Technology Solutions Corporation, Infor, Inc., Oracle Corporation, Accenture plc., Infosys Ltd.

Scope of Report Global Healthcare IT Consulting Market

Global Healthcare IT consulting Market, by Type:

• Strategy

• Project Management

• Integration

• Migration

• Security

• Risk Assessment

• Analytics

• BPM

• Regulatory

Global Healthcare IT consulting Market, by End user:

• Provider

• Hospitals

• IDN

• ACC

• Home care

• Public

• Private

Global Healthcare IT consulting Market, by Region:

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

Key Players, Global Healthcare IT consulting Market:

• Koninklijke Philips N.V.

• IBM Corporation

• General Electric (GE) company

• Siemens Healthineers (a division of Siemens Ag)

• Cerner Corporation

• McKesson Corporation

• NTT DATA Corporation

• ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.

• Deloitte Touche Tohmatsu Limited

• Epic Systems Corporation

• Cognizant Technology Solutions Corporation

• Infor, Inc.

• Oracle Corporation

• Accenture Plc.

• Infosys Ltd.

For More Information:

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The provided text details the Global Healthcare IT Consulting Market, offering an overview of its valuation, projected growth, key drivers, segmentation, and major players. It also specifically addresses the impact of the COVID-19 pandemic on the market.

Market Valuation and Impact of COVID-19:

The Global Healthcare IT Consulting Market was valued at US$ 21.21 billion in 2019. It is estimated to reach an unspecified "US$ XX" by 2026, at a CAGR of "XX %". The report explicitly states that it includes an analysis of the impact of the COVID-19 lockdown on the revenue of market leaders, followers, and disrupters, acknowledging that the impact varied across regions and segments due to differing lockdown implementations. This analysis is intended to help decision-makers formulate short-term and long-term strategies.

Market Segmentation:

The market is segmented as follows:

• By Type:
  • Strategy
  • Project Management
  • Integration
  • Migration
  • Security
  • Risk Assessment
  • Analytics
  • BPM (Business Process Management)
  • Regulatory
• By End User:
  • Provider (a broad category that includes various healthcare entities)
  • Hospital
  • IDN (Integrated Delivery Networks)
  • ACC (Ambulatory Care Centers)
  • Home Care
  • Payer (Public and Private)
  • Public
  • Private
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Market Drivers:

Several factors are driving the growth of the Healthcare IT Consulting Market:

• Increasing Digitization in Healthcare: The broader trend of digital transformation within the healthcare sector creates a need for specialized IT consulting to implement and optimize new technologies.
• Data Privacy and Confidentiality: Stringent regulations and the sensitive nature of health data necessitate expert consulting to ensure compliance and robust security measures.
• Changing Government Regulations on Payments: A significant driver mentioned is the shift in payment models, where healthcare providers are increasingly paid for healthcare outcomes rather than just services rendered. This trend increases hospitals' dependency on healthcare IT consulting providers to optimize processes, improve outcomes, and ensure financial viability under new regulations.

Key Trends and Dominant Segments:

• Healthcare Providers as Largest End-User: Healthcare providers hold the largest market value share among end-users. This is attributed to the increasing adoption of electronic record maintenance and the integration of hospitals to offer more prominent patient services.
• North America's Market Dominance:North America is expected to account for the largest share of the global Healthcare IT Consulting market. This is due to several factors:
  • Government initiatives promoting the adoption of Healthcare IT (HCIT) solutions.
  • Increasing government expenditure on HCIT.
  • Evolving and stringent legislative requirements and accreditations for healthcare IT solutions.
  • Growing hospital consolidations.
  • The strong presence of numerous IT solutions and services companies in the region.

Key Players:

The market includes major global players in technology, consulting, and healthcare solutions, such as:

• Koninklijke Philips N.V.
• IBM Corporation
• General Electric (GE) company
• Siemens Healthineers (a division of Siemens Ag)
• Cerner Corporation
• McKesson Corporation
• NTT DATA Corporation
• ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.
• Deloitte Touche Tohmatsu Limited
• Epic Systems Corporation
• Cognizant Technology Solutions Corporation
• Infor, Inc.
• Oracle Corporation
• Accenture plc.
• Infosys Ltd.

The report aims to provide real data and statistics on market inclinations and improvements, covering manufacturing, capabilities, technologies, and the market's evolving structure to help decision-makers.