Dublin, Aug. 28, 2024 (GLOBE NEWSWIRE) -- The "Healthcare Consultants in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)" report has been added to ResearchAndMarkets.com's offering.
Healthcare consultants thrive in the quickly changing landscape of healthcare regulations and the swift progression of healthcare technology. Unprecedented events like the pandemic added to demand, where hospitals turned to crisis management consultants, provoking growth in the number of consultants while stoking competition.
The diversity of clients for these new consultants -- healthcare providers, insurance companies, government agencies and pharmaceutical companies -- creates multiple revenue streams, all supporting industry revenue growing at a CAGR of 3.4% through 2024 to total $9.1 billion when revenue increased 1.3% in 2024 alone.
Trends and Insights
- Client diversity supports performance.
- Diverse downstream clients and the industry's variety of consulting services ensure consistent growth, even during economic fluctuations. Virtual and augmented reality are making inroads in healthcare.
- Consulting firms must pinpoint how these technologies can address various client needs, enhancing service delivery and client satisfaction. Healthcare consulting firms are located in population centers.
- These firms cluster near business hubs because healthcare establishments and related industries concentrate in dense urban areas. In-house provision continues to challenge profit.
- Healthcare companies can save money in the long run by hiring and training in-house staff for specialized roles like corporate strategy and IT, reducing demand for consultants.
Healthcare reform drives care providers to consultants
Healthcare reform in the United States forces hospitals and other care providers to realign their operations to accommodate millions of previously uninsured Americans and comply with new regulatory requirements. Based on state policy, changing Medicaid reimbursement rates encourages healthcare providers to seek help from consultants to mitigate volatility.
Key Highlights
- Healthcare spending surge will benefit consulting revenue
- Total health expenditures will grow substantially over the next five years, resulting in more significant revenue for healthcare providers, enabling them to afford consulting services.
Key Topics Covered
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON & GLOSSARY
For more information about this report visit https://www.researchandmarkets.com/r/ghipy4
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