HEALTHCARE IT CONSULTING MARKET ANALYSIS

Healthcare IT Consulting MarketSize and Trends

The global healthcare IT consulting market was valued at US$ 43,272.3 Mn in 2022 and is forecast to reach a value of US$ 173,427.8 Mn by 2030 at a CAGR of 19.0% between 2023 and 2030. The global healthcare IT consulting market is experiencing strong growth due to the strict government regulations and rapid adoption of digitalization in healthcare. Moreover, rise in burden of chronic or infectious disease and increase in demand for IT consulting services in the healthcare industry is expected to propel growth of the market. However, factors such as high cost of deployment and concerns regarding data safety are expected to hamper the market growth.

Global Healthcare IT Consulting Market Trends:

Growing penetration of internet and smartphone is a recent trend

Improving internet coverage and growing smartphone penetration are directly contributing to the adoption of healthcare IT solutions. India is now the largest connected nation with over 800 million internet users, according to the Ministry of Electronics and Information Technology (MeITY). The Government has plans to connect around 400 million users in the near future and bring the number of people having access to the internet to 1.2 billion. This in turn is expected to propel the growth of the global healthcare IT consulting market.

Rapid improvement in IT infrastructure is another trend

A greater and more seamless flow of information within the digital healthcare infrastructure can be achieved with the help of IT consulting services or solutions. Some outsourced IT consulting services include development & maintenance of clinical platforms, network optimization services, IT procurement, cloud services, and analytics dashboards. Hospitals and ambulatory care centres are digitalizing business practices of IT infrastructure management, IT security services, support services, resource planning, cloud-based solutions, and mobile computing.