HCIT Consulting Services Market to Reach Valuation of USD 42.10 Billion by 2028 - Growing Digitization in Healthcare to Bloom Market

Vantage Market Research

Feb 17, 2022

In terms of revenue, the Global HCIT Consulting Services Market is expected to reach USD 42.10 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 11.1% from 2022 to 2028. The Global HCIT Consulting Services Market growth is attributed to the factors such as, growing digitization in healthcare, growing HCIT expenditure, and rapidly changing HCIT landscape. Moreover, government support for healthcare IT solutions as well as lack of skilled IT professionals in the healthcare industry is further projected to drive HCIT Consulting Services Market growth over the forecast period.

Key Findings:

  • Under the type segment, healthcare application analysis, design, and development segment sub-segment are anticipated to dominate the segment for HCIT Consulting Services Market and growing at a substantial Compound Annual Growth Rate (CAGR). The market growth is attributed to, different requirements of healthcare facility which need careful designing, development, and implementation of customized solutions.
  • Healthcare providers sub-segment held a market significant share in 2021 of end use segment for HCIT Consulting Services Market. The market growth is attributed to, rising healthcare costs along with growing adoption of HCIT solutions by providers.
  • North America is the largest regional segment. Market growth is attributed to increasing government initiatives to enhance adoption of HCIT solutions in the region.

Some of key players in HCIT Consulting Services Market include - Accenture (Ireland), Cognizant (US), Deloitte (UK), McKinsey & Company (US), PwC (UK), EY (UK), Huron Consulting Group Inc. (US), KPMG (Netherlands), Boston Consulting Group (US), Bain & Company, Inc. (US), and IQVIA (US) are some of the major players in this market..

In fast decade, healthcare sector has witnessed significant growth. Digitalization across the healthcare sector is increasing at its wildest level, consequently likely to boost the Global HCIT Consulting Services Market. Additionally, increasing fundings in healthcare IT by several major players along with increasing government initiatives to encourage the implementation of healthcare IT solutions is further fueling the for market growth. Furthermore, growing demand for data protection is also increasing at its unprecedented level. Also, nowadays, several institutions are substituting paper-based healthcare models with digital healthcare systems. Thus, as a consequence, is expected to boost market growth over the forecast period.

North America is expected to emerge as potential market for HCIT Consulting Services Market. U.S. is anticipated to hold the largest share of the region for HCIT Consulting Services Market. Increasing funding from government as well as major players along with government initiatives to enhance adoption of HCIT solutions is further boosting the market growth over the forecast period.