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Market Research Report

Healthcare IT Consulting Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 708580
Published Content info 113 Pages
Delivery time: 2-3 business days
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Healthcare IT Consulting Market - Growth, Trends, and Forecast (2019 - 2024)
Published: August 1, 2019 Content info: 113 Pages
Description

Market Overview

Increasing digitization in healthcare is the major driving factor for the healthcare IT consulting market globally. The strong IT support with agile methods is a competitive advantage for healthcare providers in achieving better quality, controlling costs, increase profitability, and simplifying inventory management. There is a rise in opportunity for IT healthcare consulting. The other factors such as increasing government support for healthcare IT solutions, changing the technology landscape, and changing government policies and regulations are driving the Healthcare IT Consulting Market. However, data privacy and confidentiality is a major factor restraining the growth of the healthcare it consulting market.

Scope of the Report

As per the scope of the report, the term healthcare IT consulting refers to advisory support provided to clients in automation, platform extensions, integrated business process service to enhance business operations needs, application development, and management services, etc.

Key Market Trends

Hospitals and Ambulatory Care Centers Segment dominates the Market

The hospitals and ambulatory care centers are for digitalizing the business practices of IT infrastructure management, IT security services, resource planning, support services, mobile computing, and cloud-based solutions. With the implementation of scalable agile operations, healthcare providers have witnessed increased revenues. A greater and more seamless flow of information within a digital healthcare infrastructure can be achieved with the help of IT consulting in hospitals. Some of the outsourced IT consulting services, include the development and maintenance of clinical platforms, analytics dashboards, IT procurement, network optimization services, and cloud services. Many hospitals are also taking support for revenue cycle management, ERP support service, and population health. The transition from fee for service (FFS) to value-based care is increasing the pressure on care providers. Thus, hospitals and ambulatory care centers segment are expected to dominate the market over the forecast period.

The US Lead the Market in the North America Region

Owing to the changes in regulations and changes in the payments of Medicare, the healthcare providers are increasingly dependent on the IT healthcare consulting companies. In the United States, CitiusTech, with its technical expertise, provides services to medical technology for enhancing the current enterprise applications (EMR) by end-to-end support. The healthcare IT consulting firms help to engage with the patients and caregivers by supporting care delivery and reducing costs. They have excellent analytics capabilities that enable care providers to increase clinical quality and care coordination. The big and small healthcare providers are outsourcing this to the third-party providers, as they themselves cannot handle all the complex changes happening in the healthcare ecosystem. With innovative approaches, such as analytics, data security, and systems, etc., the healthcare providers are benefiting in increasing revenues and improving the patients' experience. This is likely to contribute to the growth of the healthcare IT consulting market in North America.

Competitive Landscape

The Healthcare IT Consulting market is highly competitive and experiencing healthy growth, due to greater adoption from smaller and mid-sized market players. Healthcare IT consulting market penetration is expected to increase in emerging markets, like APAC and Latin America, offering growth opportunities for new entrants.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
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  • 3 months of analyst support
Table of Contents
Product Code: 64046

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Strict Government Regulations in the US
    • 4.2.2 Rising Need to Improve the Quality of Care and Reduce Healthcare Costs
  • 4.3 Market Restraints
    • 4.3.1 High Cost of Deployment
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Consulting Type
    • 5.1.1 HCIT Change Management
    • 5.1.2 Healthcare Business Process Management
    • 5.1.3 HCIT Integration and Migration
    • 5.1.4 Healthcare/Medical System Security Set-Up and Risk Assessment
    • 5.1.5 Healthcare Enterprise Reporting and Data Analytics
    • 5.1.6 Other Types
  • 5.2 By End-user
    • 5.2.1 Hospitals and Ambulatory Care Centers
    • 5.2.2 Diagnostic and Imaging Centers
    • 5.2.3 Public and Private Payers
    • 5.2.4 Other End-users
  • 5.3 Geography
    • 5.3.1 North America
      • 5.3.1.1 US
      • 5.3.1.2 Canada
      • 5.3.1.3 Mexico
    • 5.3.2 Europe
      • 5.3.2.1 Germany
      • 5.3.2.2 UK
      • 5.3.2.3 France
      • 5.3.2.4 Italy
      • 5.3.2.5 Spain
      • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia Pacific
      • 5.3.3.1 China
      • 5.3.3.2 Japan
      • 5.3.3.3 India
      • 5.3.3.4 Australia
      • 5.3.3.5 South Korea
      • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 Middle East and Africa
      • 5.3.4.1 GCC
      • 5.3.4.2 South Africa
      • 5.3.4.3 Rest of Middle East and Africa
    • 5.3.5 South America
      • 5.3.5.1 Brazil
      • 5.3.5.2 Argentina
      • 5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Accenture
    • 6.1.2 Allscripts Healthcare Solutions
    • 6.1.3 Cerner Corporation
    • 6.1.4 Cognizant
    • 6.1.5 Deloitte
    • 6.1.6 Epic Systems Corporation
    • 6.1.7 Genpact Limited
    • 6.1.8 IBM Corporation
    • 6.1.9 Mckesson Corporation
    • 6.1.10 Siemens Healthineers

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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