Healthcare Consulting Services Market is Projected to Grow at a CAGR of 11.6% Over the Forecast Period (2019 - 2027), Owing to Reformation of Healthcare Management Roles & Requirements, Says Absolute Markets Insights
According to the latest research report on Healthcare Consulting Services Market will touch a new level with healthy CAGR of 11.6% by forecast year 2019 to 2027
PUNE, India, March 19, 2019 /PRNewswire/ -- Healthcare management broadly encompasses the administration of healthcare systems, public health systems, hospitals, entire hospital networks or other medical facilities. The management is responsible for both daily and long-term decisions that reflect the healthcare system's business strategies. Duties of healthcare management professionals include ensuring seamless functioning of vast number of departments, hiring of qualified employees, effective information dissemination throughout the organization, outcome-based tasks and efficient utilization of resources, amongst others. A healthcare manager also has to make sure that the laws and regulations governing the industry are followed by the organization. It is also responsible for complying with company guidelines and ensures that each department runs within those guidelines. Another unsung element of healthcare management is marketing. With operations, staffing and technology implementation becoming complex and increasingly regulated, healthcare executives are under pressure to define, secure, and ensure safe and cost-effective procedures. They are required to be highly efficient with budgeting, scheduling and other processes to improve patient care. Hence, the need for transformation of healthcare management is driving the healthcare consultancy services market. The expertise of healthcare consultants substantially aid in overall improvement of bottom line without sacrificing quality or patient safety. Healthcare management consulting services apply a vast range of expertise to provide insights that drive healthcare organizations to greater efficiency and productivity.
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In terms of revenue, the healthcare consulting services market stood at US$ 9697.65 Mn in 2018, and is anticipated to reach US$ 25851.93 Mn by 2027, expanding at a CAGR of 11.6% during the forecast period (2019 – 2027). The detailed research study provides qualitative and quantitative analysis of healthcare consulting services market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.
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Key suggestions from the report:
- In terms of revenue, the North American region accounted for the highest market share in 2018 and is anticipated to witness a sustainable CAGR over the forecast period
- Hospitals among the end users accounted for a significant market share in 2018 and is expected to grow at a CAGR of 11.9% over the forecast years.
- Financial consulting services hold the largest market share among different services that are offered by healthcare consultants.
- Key players operating in the healthcare consulting services market are IQVIA, McKinsey & Company, Deloitte Touche Tohmatsu Limited, Huron Consulting Group Inc., and Navigant Consulting, Inc. among others.
- Digital transformation, value based payments, need for improved patient care and cost reduction are the major factors behind the growth of global healthcare consulting services market.
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Healthcare Consulting Services Market:
- By Service Type:
o Strategy Consulting
o IT and Digitalization Consulting
o Financial Consulting
o Operation Consulting
o HR and Talent Management Consulting
o Research & Development Consulting
o Marketing & Sales
o Logistics Consulting
o Health Care Regulatory Solutions
o Others
- By End Users:
o Hospitals
o Pharmaceutical and Biotech Companies
o Research Institutes
o Healthcare Insurance Providers
o Others
- By Region:
o North America
- U.S.
- Canada
- Mexico
- Rest of North America
o Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
o Denmark
o Finland
o Iceland
o Sweden
o Norway
- Benelux Union
o Belgium
o The Netherlands
o Luxembourg
- Rest of Europe
o Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
o Indonesia
o Thailand
o Malaysia
o Singapore
o Rest of Southeast Asia
- Rest of Asia Pacific
o Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
o Latin America
- Brazil
- Argentina
- Rest of Latin America
Check out more related reports here at:
https://www.absolutemarketsinsights.com/reports/IoT-Healthcare-Market-2018-2026-41
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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
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