Healthcare Consulting Services Market Trends, Forecast and Competitive Analysis

Healthcare Consulting Services Market By Type of Service (IT Consulting, Digital consulting, Financial Consulting, Operation Consulting, Strategy Consulting, HR & Talent Consulting), By End User (Life Science Companies, Hospitals, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

Acumen Research and Consulting estimates that this new round of Healthcare Consulting Services Market will top $22.8 billion by 2026, representing an average annual growth rate of 9.8 percent from forecast period 2019 to 2026.

North America accounted for the highest share of the market followed by Europe in 2018. Presence of major market players, increasing competition in the pharmaceutical and medical device sector in the region, and the capability of pharmaceutical companies to pay for consulting services are the key factors for the dominance of the region. Furthermore, mergers and acquisitions of companies, changing regulatory environment, and unstable economy are some of the other factors to drive the North America healthcare consulting services market. However, Asia Pacific is anticipated to observe the fastest growth during the forecast period. This can be attributed to technological advancement, investment by multinational pharmaceutical companies in the region, and more need for remote care and telemedicine in rural areas. The pressure to provide good quality of care at lower costs and changing regulatory frameworks are responsible for healthcare organizations to ask help from consulting firms.

Based on the type of services, the healthcare consulting services market has been categorized into IT consulting, digital consulting, financial consulting, operation consulting, strategy consulting, and HR & talent consulting. The operations consulting segment accounted for the maximum share of the market in 2018. However, the digital consulting segment is anticipated to grow at the fastest rate during the forecast period. This can be attributed to the high acceptance of digital based models from paper based models in developed countries and increasing digitalization at the hospital level.

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Based on end-users of services, the market is segmented into life science companies, hospitals, others. The life sciences companies accounted for the largest share of the market in 2018 due to more need for regulatory, operational and strategy consulting to enhance their footprints in the industry. Furthermore, the presence of the capacity to pay for consulting services is a reason to dominate the segment in the global healthcare consulting services industry. The others segment includes government bodies, insurance companies, and research institutes.

Key operating players in the healthcare consulting services market are Accenture, Alvarez and Marsal, Cognizant, Deloitte Consulting, Ernst & Young, FTI Consulting, KPMG, McKinsey & Company, and PwC. Quality service and a broad range of services are the key factors for the dominance of these companies in the global market. Mergers and acquisitions, services expansion, and cost effective solutions are the key strategies being adopted by market players to enhance share in the industry.

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Some of the key observations regarding healthcare consulting services industry include:

In August 2019, Accenture acquired big data and analytics consultancy firm in Australia, Analytics8. The company provides analytics solutions to various industries including financial and healthcare services. With this acquisition, Accenture expanded its applied intelligence business in the Australia market.
In June 2019, Deloitte acquired ClearViewIP, an intellectual property consulting firm. This acquisition helps Deloitte to expand the company’s IP advisory services division.
In November 2018, McKinsey& Company launched is new department as a design service. With the acquisitions of Carbon12, Lunar, and Veryday, the company enables to launch of its new design brand. Considering high global spending on design services, McKinsey entered into such a lucrative market.
In April 2018, Cognizant completed the acquisition of Bolder Healthcare Solutions. Bolder provides Revenue Cycle Management (RCM) solutions to hospitals, outpatient departments, and physician practices. Through the Bolder acquisition, Cognizant expanded its service portfolio and can now deliver service to a broad range of clients.
In January 2018, Deloitte expanded its presence in cloud management services with the acquisition of ATADATA. The company provides a cloud platform that maps and manages workloads in any combination of cloud and on-premise environments to optimize enterprise operations.
In October 2017, Atos acquired 3 different healthcare consulting firms in the U.S. namely Conduent’s Healthcare Provider Consulting business, Pursuit Healthcare Advisors, and Conduent’s Breakaway Group business. These companies already have a presence in healthcare consulting and with these acquisitions; Atos expanded its presence in the U.S. digital health IT market.
In November 2016, McKinsey & Company acquired Swedish design firm very day. With this acquisition, the company expanded its geographical presence and service offerings to the clients.

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Market Segmentation

Market By Type of Service

IT Consulting
Digital consulting
Financial Consulting
Operation Consulting
Strategy Consulting
HR & Talent Consulting

By End User

Life Science Companies
Hospitals
Others

By Geography

North America
US
Canada
Europe
UK
Germany
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Pure Cashmere
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Healthcare Consulting Services Market By Type of Service
1.2.2.1. Global Healthcare Consulting Services Market Revenue and Growth Rate Comparison By Type of Service (2015-2026)
1.2.2.2. Global Healthcare Consulting Services Market Revenue Share By Type of Service in 2018
1.2.2.3. IT Consulting
1.2.2.4. Digital consulting
1.2.2.5. Financial Consulting
1.2.2.6. Operation Consulting
1.2.2.7. Strategy Consulting
1.2.2.8. HR & Talent Consulting
1.2.3. Healthcare Consulting Services Market By End Use
1.2.3.1. Global Healthcare Consulting Services Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.3.2. Global Healthcare Consulting Services Market Revenue Share By End Use in 2018
1.2.3.3. Life Science Companies
1.2.3.4. Hospitals
1.2.3.5. Others
1.2.4. Healthcare Consulting Services Market By Geography
1.2.4.1. Global Healthcare Consulting Services Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Healthcare Consulting Services Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Healthcare Consulting Services Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Healthcare Consulting Services Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Healthcare Consulting Services Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Healthcare Consulting Services Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2018

CHAPTER 4. HEALTHCARE CONSULTING SERVICES MARKET BY TYPE OF SERVICE
4.1. Global Pure Cashmere Revenue By Type of Service
4.2. IT Consulting
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Digital consulting
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Financial Consulting
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Operation Consulting
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Strategy Consulting
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.7. HR & Talent Consulting
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. HEALTHCARE CONSULTING SERVICES MARKET BY END USE
5.1. Global Pure Cashmere Revenue By End Use
5.2. Life Science Companies
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Hospitals
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Others
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. NORTH AMERICA HEALTHCARE CONSULTING SERVICES MARKET BY COUNTRY
6.1. North America Healthcare Consulting Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Healthcare Consulting Services Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Healthcare Consulting Services Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 7. EUROPE HEALTHCARE CONSULTING SERVICES MARKET BY COUNTRY
7.1. Europe Healthcare Consulting Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Healthcare Consulting Services Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC HEALTHCARE CONSULTING SERVICES MARKET BY COUNTRY
8.1. Asia-Pacific Healthcare Consulting Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Healthcare Consulting Services Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 9. LATIN AMERICA HEALTHCARE CONSULTING SERVICES MARKET BY COUNTRY
9.1. Latin America Healthcare Consulting Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Healthcare Consulting Services Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 10. MIDDLE EAST & AFRICA HEALTHCARE CONSULTING SERVICES MARKET BY COUNTRY
10.1. Middle East & Africa Healthcare Consulting Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East & Africa Healthcare Consulting Services Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Type of Service, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 11. COMPANY PROFILE
11.1. Accenture
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Alvarez and Marsal
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Cognizant
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Deloitte Consulting
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Ernst & Young
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. FTI Consulting
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. KPMG
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. McKinsey & Company
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. PwC
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Others
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies

CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope

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