In the upcoming years, the demand for information technology in the healthcare sector is anticipated to increase. The advantages of information technology in healthcare have led to increased demand. During the pandemic, it was observed that Microsoft consulting services helped with the COVID-19 vaccine's secure and effective distribution through its software, Vaccination Registration and Administration Solution (VRAS). With a 49.0% revenue share in 2022, it has been observed that the strategic management consulting segment will dominate the market.
According to Data Bridge Market Research, Healthcare Information Technology (IT) Consulting Services Market is USD 13.7 billion in 2022, would rise to USD 26.90 billion by 2030 and is expected to undergo a CAGR of 8.8% during the forecast period 2023 to 2030
"Increasing adoption of healthcare IT surge market demand"
The increasing adoption of healthcare IT is driven by the recognition of its numerous benefits in the healthcare industry. Healthcare organizations embrace advanced IT solutions to improve patient care, optimize operations, and strengthen data security. IT consulting services play a crucial role in assisting healthcare organizations in implementing and maximizing the potential of healthcare IT. Consultants provide expertise in system integration, data management, cybersecurity, and process optimization, leading to enhanced efficiency and better healthcare outcomes.
What restraints the growth of the healthcare information technology (IT) consulting services market?
"Resistance to change can impede the market growth”
Resistance to change is a restraint in the healthcare IT consulting services market. Healthcare organizations, especially those with well-established traditional systems, may face resistance from stakeholders when implementing new IT solutions. Resistance can stem from concerns about workflow disruption, data security, or the need for staff training, leading to slower adoption of IT consulting services and hindering the market growth.
Segmentation: Global Healthcare Information Technology (IT) Consulting Services Market
The Healthcare Information Technology (IT) Consulting Services market is segmented on the basis of service type and end users.
- On the basis of service type, the healthcare information technology consulting services market is segmented into hcit strategy and project/program management, healthcare application analysis, design and development, hcit integration and migration, hcit change management, healthcare/medical system security set-up, and risk assessment, healthcare enterprise reporting and data analytics, production go-live/ post go-live support, healthcare business process management, regulatory compliance, others
- On the basis of end users, the healthcare information technology consulting services market is segmented into healthcare providers, healthcare payer, others
Regional Insights: North America Dominates the Global Healthcare Information Technology (IT) Consulting Services Market
North America dominates the healthcare information technology (IT) consulting services market due to increased government initiatives to improve the adoption of HCIT solutions and strict legislative requirements and accreditations necessary for healthcare IT solutions. Furthermore, there is a high demand for regulatory consulting services in the region among several healthcare organizations, strengthening the region's market growth.
Asia-Pacific is expected to witness significant growth due to increasing regional expansions in business by healthcare organizations and the vast presence of a substantial number of consultants. Furthermore, in the past five years, there has been an improvement in the number of new launches of drugs and medical devices in the region, further enhancing the demand for consulting services.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-healthcare-consulting-services-market
Recent Developments in Global Healthcare Information Technology (IT) Consulting Services Market
- In 2022, Deloitte acquired the American consulting company Entrago to expand its consulting capabilities in finance, healthcare, and public services. This is yet another significant investment in knowledge and solutions for the health sector.
The Prominent Key Players Operating in the Global Healthcare Information Technology (IT) Consulting Services Market Include:
- Oracle (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Cognizant (U.S.)
- Accenture (Ireland)
- ICON plc (U.S.)
- Ergomed plc (U.K.)
- IQVIA (U.S.),
- Genpact (U.S.)
- Cerner Corporation (U.S.)
- Allscripts Healthcare, LLC (U.S.)
- Epic Systems Corporation (U.S.)
- athenahealth, Inc. (U.S.)
- TATA Consultancy Services Limited (India)
- IBM Corporation (U.S.)
- LTIMindtree Limited (India)
- HCL Technologies Limited (India)
- Wipro (India)
- Microsoft (U.S.)
- Hexaware Technologies Limited (India)
Above are the key players covered in the report, to know about more and exhaustive list of global healthcare information technology (IT) consulting services market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Healthcare Information Technology (IT) Consulting Services Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
