The Healthcare IT Consulting Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare IT Consulting Global Market Report 2024, The healthcare it consulting market size has grown rapidly in recent years. It will grow from $54.55 billion in 2023 to $64.59 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to regulatory compliance, ehr implementation, interoperability, security and privacy, population health management.
The healthcare it consulting market size is expected to see rapid growth in the next few years. It will grow to $129.19 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to telemedicine growth, genomics and precision medicine, cybersecurity and data protection, pandemic preparedness, healthcare equity. Major trends in the forecast period include digital transformation strategies, interoperability solutions, data analytics and ai integration, cloud adoption and hosting, health information exchange (hie).
Growing digitalization in healthcare is expected to propel the growth of the healthcare IT consulting market going forward. Digitization refers to the method of converting information into a digital format. Due to the increase in the adoption of digitalization such as analytics and cloud services in healthcare, healthcare professionals require healthcare IT consulting services to understand and access digital solutions. For instance, according to StockApps.com, a Spain-based financial educational hub, the global digital health sector is expected to earn $149.9 billion in 2022, a 16.3% growth as compared to $128.80 billion in 2021. Therefore, the growing digitization in healthcare is driving the growth of the healthcare IT consulting market.
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The healthcare it consulting market covered in this report is segmented –
1) By Type: HCIT Change Management, Healthcare Business Process Management, HCIT Integration And Migration, Healthcare or Medical System Security Set-Up And Risk Assessment, Healthcare Enterprise Reporting And Data Analytics, Other Types
2) By Component: Services, Software, Hardware
3) By End User: Hospitals And Ambulatory Care Centers, Diagnostic And Imaging Centers, Public And Private Payers, Other End Users
Technological advancement is a key trend gaining popularity in the healthcare IT consulting market. Major companies operating in the healthcare IT consulting market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Snowflake, a US-based cloud computing data cloud company launched healthcare SaaS, a cloud-based, data-sharing and consulting services platform. It integrates the company’s analytics, core data warehousing, and business intelligence offerings with on-demand consulting services. The new cloud service also integrates machine learning and other applications to help healthcare companies in reducing the time to implement applications.
The healthcare it consulting market report table of contents includes:
1. Executive Summary
2. Healthcare IT Consulting Market Characteristics
3. Healthcare IT Consulting Market Trends And Strategies
4. Healthcare IT Consulting Market - Macro Economic Scenario
5. Global Healthcare IT Consulting Market Size and Growth
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31. Global Healthcare IT Consulting Market Competitive Benchmarking
32. Global Healthcare IT Consulting Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Healthcare IT Consulting Market
34. Healthcare IT Consulting Market Future Outlook and Potential Analysis
35. Appendix
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