As several industries looking towards and paving the way to digitization, the healthcare industry progressively leveraging information technology solutions to automate, manage and control the various tasks and processes in healthcare organizations. As per the market research report, the global market for Healthcare IT consulting will reach USD 15.60 billion by 2024, at a growing CAGR of 20 percent. Escalating demand for patient safety and data precision, need to restrain high healthcare costs and implementation of different healthcare policies fueling the business growth of Healthcare IT (HCIT).
The market for Global Healthcare IT Consulting Services is segmented into Type –HCIT Strategy Management, Healthcare Application Analysis, HCIT Integration and Migration, Design and Development, HCIT Change Management, Healthcare Enterprise Reporting, and Data Analytics, Healthcare System Security Set-Up and Risk Assessment, Production Go-Live, Healthcare Business Process Management, Regulatory Compliance. The market is also segmented by End-Users –Healthcare Provider, and Healthcare Payer; and by geography. The healthcare IT consulting services market is highly fragmented and is based on new product launches and clinical results of products.
The key players in this space use an array of strategies to the position in the marketplace, including new product launches, clinical trials, high expense on research and development, market initiatives, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. On the basis of geography, North America region is the largest consumer of the health IT consulting services, followed by Europe and APAC.