Healthcare Consulting Services Market To Reach $51.98 Billion By 2030

Healthcare Consulting Services Market Growth & Trends

The global healthcare consulting services market size is expected to reach USD 51.98 billion by 2030 and register a CAGR of 9.33% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing budget cuts, the desire to enhance operational efficiency, changing healthcare policies and regulations, and growing demand to implement new technologies such as big data analytics, cloud deployment, and IoT among healthcare institutions such as life sciences companies and government bodies are some of the key factors driving the healthcare consulting services market.

Healthcare consulting services firms assist healthcare organizations in increasing their efficiency and profits; they also assist in providing structural recommendations for the firm. These advantages associated with healthcare consulting are expected to improve demand for these services across the forecast period. Over the years, there has been uncertainty over healthcare reform, growth in employer self-insurance, a rise in patient pay responsibility, and a growing demand for understanding healthcare coverage. These issues are likely to improve the demand for healthcare consulting services for managing payers' needs.

Pharmaceutical companies are heavily investing in the research and development of new drugs. As a result, the number of new drugs in the pipeline has increased in recent years. According to the Pharma R&D annual review, as of 2022, over 20,109 drugs were in the pipeline. These drugs are expected to be launched in the coming years. Due to the uncertainties created by the COVID-19 pandemic, pharmaceutical companies are expected to collaborate with strategic consultants to develop their launch strategy. This is expected to support market growth in the post-pandemic period.

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Healthcare Consulting Services Market Report Highlights

• The strategic management consulting segment accounted for 42.39% of the global revenue in 2023. The growing number of mergers and acquisitions among healthcare organizations such as pharmaceutical companies, biotechnology companies, and others is one of the major factors supporting the demand for strategic management consulting services.

• The pharmaceutical and biotechnology companies segment dominated the market in 2023 and it is also expected to witness the fastest growth over the forecast period.

• North America dominated the market and accounted for a 38.14% share in 2023. This can be attributed to the increased adoption of digital solutions by healthcare organizations such as public agencies, pharmaceutical companies, biotechnology companies' hospitals, and other institutions.

• Asia Pacific is anticipated to witness the fastest growth in the market. Increasing regional expansions in business by the health care organizations across region and the presence of a significant number of consultants are some key factors supporting market growth in Asia-Pacific.

Healthcare Consulting Services Market Segmentation

Grand View Research has segmented the healthcare consulting services market report based on services, end-use and region:

Healthcare Consulting Services Services Outlook (Revenue, USD Million, 2018 - 2030)

• Strategic Management Consulting

• Financial Management Consulting

• Information Technology Consulting

• Human Resource Consulting

• Others

Healthcare Consulting Services End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical Companies

• Hospitals

• Insurance Companies

• Government Organizations

• Other Healthcare Providers

Healthcare Consulting Services Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Healthcare Consulting Services Market

• Accenture

• McKinsey & Company

• Deloitte

• PwC

• L.E.K. Consulting

• Huron Consulting Group Inc.

• Cognizant

• EY

• Bain & Company, Inc.

• IQVIA, Inc.

• Boston Consulting Group