The global Healthcare IT Consulting Market is estimated to be valued at US$ 51,320.9 Mn in 2023 and is expected to exhibit a CAGR of 19% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
These services help healthcare institutions to adhere to regulations, implement electronic health records and improve overall operational efficiency. Consulting also assists in data management, cloud computing and data security.
Market key trends:
One of the major trends in the Healthcare IT Consulting Market Size is the rise of artificial intelligence. AI is being integrated across healthcare verticals to analyze medical images, optimize drug discovery, assist in clinical decisions and perform various administrative tasks. AI has the potential to reduce medical errors, gain insights from large amounts of data and improve health outcomes. Companies are developing AI-powered cloud-based platforms and solutions to modernize healthcare infrastructure and make better use if digital health data through machine learning. This is expected to drive significant demand for AI consulting in the coming years.
Segment Analysis
The healthcare IT consulting market is segmented by service type into hc infrastructure, hc operations, business intelligence (bi), strategic planning, health program design and policy formulation. Among these, the hc operations segment dominated the market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to the growing need for hc operations consulting services such as revenue cycle management, supply chain management and HC operations management to streamline complex operations in hospitals and healthcare facilities.
Key Takeaways
The global Healthcare IT Consulting Market is expected to witness high growth, exhibiting a CAGR of 19.% over the forecast period, due to increasing need for optimizing healthcare processes and controlling healthcare costs.
Regional analysis
North America dominated the healthcare IT consulting market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to the presence of advanced healthcare infrastructure and early adoption of healthcare IT solutions such as EHR and clinical decision support systems in countries such as US and Canada.
Key players
Key players operating in the Healthcare IT Consulting market are Siemens Healthineers, Mckesson Corporation, IBM Corporation, Genpact Limited, Epic Systems Corporation, Deloitte, Cerner Corporation, Accenture Plc, Allscripts Healthcare Solutions Inc., and Cognizant Technology Solutions Corporation, among others. Siemens Healthineers and Mckesson Corporation captured a significant market share in 2022 owing to their wide range of healthcare IT consulting solutions and global presence.
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