The global healthcare IT consulting market was valued at $21,880.59 million in 2021, and is projected to reach $102,965.04 million by 2031, registering a CAGR of 16.7% from 2022 to 2031. Healthcare IT consulting companies provide health organizations with professional guidance spanning a wide range of services that may include manufactured goods, mobile devices, information systems, and retail. Healthcare companies face several challenges, such as changes in customer behavior, surge in regulatory demands, and market dynamics. Healthcare consultants work with these companies to innovate, drive better value for patients, and reduce the complexity and cost of operating systems.
The key factors that drive the growth of the market include rise in prevalence of cancer and chronic diseases; increase in geriatric population; and rise in demand to decrease healthcare costs. These factors drive the growth of the healthcare IT consulting market. For instance, according to the International Agency of Cancer Research, 9,503,710 new cancer cases were diagnosed in Asia in 2020. The reasons behind the rise in the prevalence of cancer are aging, global warming, and an unhealthy lifestyle, which leads to physiological changes triggering cancer. The surge in the prevalence of cancer and chronic diseases, increases the demand for consulting services for healthcare industry for the development of novel drug delivery system by reducing the cost of treatment. Moreover, rise in adoption of digitalization in healthcare IT solutions and increase in investments in healthcare IT service and the support or infrastructure provided by the government and private sector are anticipated to fuel the market growth.
Furthermore, increased preference for HCIT solutions during the COVID-19 pandemic, presence of large hospitals that demand integrated healthcare networks, presence of major players offering healthcare consulting services, and surge in adoption rate of these services by healthcare organizations to improve patient care coordination and business operations across the health systems are some of the key factors driving the growth of the healthcare IT consulting market.
However, the dearth of skilled professionals, the high cost of consulting services, data security, and privacy concerns are some of the factors which hamper the growth of the market. Conversely, emerging healthcare IT consulting services in developing countries and low-income countries lacking access to basic healthcare and the surge in technological advancements in the field of smartphones and internet connectivity to improve clinical outcomes, patient experience, and patient engagement are expected to accelerate market growth and provide lucrative opportunity for the growth of the market during the forecast period.
The healthcare IT consulting market is segmented on the basis of consulting type, end user and region. By consulting type, the market is segmented into HCIT strategy and project/program management, HCIT integration and migration, HCIT change management, healthcare/medical system & security set-up and risk assessment, healthcare enterprise reporting and data analytics services, healthcare business process management, healthcare application analysis, design and development and others. By end user, the market is segmented into healthcare providers, healthcare payers and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By end user, on the basis of healthcare providers, the market is further sub-segmented into hospitals and physicians’ group, ambulatory care centers, diagnostic and imaging centers and others. On the basis of healthcare payers, it is further bifurcated into private payers and public payers.
North America accounted for a majority of the healthcare IT consulting market share in 2021 and is anticipated to remain dominant during the forecast period. The healthcare IT consulting market is mainly driven by the increase in government initiatives for eHealth, subsequent improvements in the healthcare infrastructure in emerging countries, rise in medical tourism, and surge in demand for quality healthcare.
Asia-Pacific was the second largest contributor to the market in 2021, and is expected to register the fastest CAGR during the forecast period. This is due to the presence of high unmet medical needs and constantly improving healthcare infrastructure to cure chronic disorders. In addition, the rapidly growing elderly population in emerging nations is set to drive the market growth in the Asia-Pacific region. This helps several market players to invest in Asia-Pacific countries, which in turn contributes toward the market growth.
The key players that operate in the Healthcare IT consulting market are Allscripts Healthcare LLC, Cognizant, Deloitte, Epic System Corporation, General Electric Company, IBM Corporation, Koninklijke Philips N. V., McKesson Corporation, Oracle Corporation, Siemens AG
The key factors that drive the growth of the market include rise in prevalence of cancer and chronic diseases; increase in geriatric population; and rise in demand to decrease healthcare costs. These factors drive the growth of the healthcare IT consulting market. For instance, according to the International Agency of Cancer Research, 9,503,710 new cancer cases were diagnosed in Asia in 2020. The reasons behind the rise in the prevalence of cancer are aging, global warming, and an unhealthy lifestyle, which leads to physiological changes triggering cancer. The surge in the prevalence of cancer and chronic diseases, increases the demand for consulting services for healthcare industry for the development of novel drug delivery system by reducing the cost of treatment. Moreover, rise in adoption of digitalization in healthcare IT solutions and increase in investments in healthcare IT service and the support or infrastructure provided by the government and private sector are anticipated to fuel the market growth.
Furthermore, increased preference for HCIT solutions during the COVID-19 pandemic, presence of large hospitals that demand integrated healthcare networks, presence of major players offering healthcare consulting services, and surge in adoption rate of these services by healthcare organizations to improve patient care coordination and business operations across the health systems are some of the key factors driving the growth of the healthcare IT consulting market.
However, the dearth of skilled professionals, the high cost of consulting services, data security, and privacy concerns are some of the factors which hamper the growth of the market. Conversely, emerging healthcare IT consulting services in developing countries and low-income countries lacking access to basic healthcare and the surge in technological advancements in the field of smartphones and internet connectivity to improve clinical outcomes, patient experience, and patient engagement are expected to accelerate market growth and provide lucrative opportunity for the growth of the market during the forecast period.
The healthcare IT consulting market is segmented on the basis of consulting type, end user and region. By consulting type, the market is segmented into HCIT strategy and project/program management, HCIT integration and migration, HCIT change management, healthcare/medical system & security set-up and risk assessment, healthcare enterprise reporting and data analytics services, healthcare business process management, healthcare application analysis, design and development and others. By end user, the market is segmented into healthcare providers, healthcare payers and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By end user, on the basis of healthcare providers, the market is further sub-segmented into hospitals and physicians’ group, ambulatory care centers, diagnostic and imaging centers and others. On the basis of healthcare payers, it is further bifurcated into private payers and public payers.
North America accounted for a majority of the healthcare IT consulting market share in 2021 and is anticipated to remain dominant during the forecast period. The healthcare IT consulting market is mainly driven by the increase in government initiatives for eHealth, subsequent improvements in the healthcare infrastructure in emerging countries, rise in medical tourism, and surge in demand for quality healthcare.
Asia-Pacific was the second largest contributor to the market in 2021, and is expected to register the fastest CAGR during the forecast period. This is due to the presence of high unmet medical needs and constantly improving healthcare infrastructure to cure chronic disorders. In addition, the rapidly growing elderly population in emerging nations is set to drive the market growth in the Asia-Pacific region. This helps several market players to invest in Asia-Pacific countries, which in turn contributes toward the market growth.
The key players that operate in the Healthcare IT consulting market are Allscripts Healthcare LLC, Cognizant, Deloitte, Epic System Corporation, General Electric Company, IBM Corporation, Koninklijke Philips N. V., McKesson Corporation, Oracle Corporation, Siemens AG
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the healthcare it consulting market analysis from 2021 to 2031 to identify the prevailing healthcare it consulting market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the healthcare it consulting market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global healthcare it consulting market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Consulting Type
- Healthcare application analysis, design, and development
- HCIT strategy and project/program management
- HCIT integration and migration
- HCIT change management
- Healthcare/medical system and security set-up and risk assessment
- Healthcare enterprise reporting and data analytics services
- Healthcare business process management
- Others
By End User
- Healthcare providers
- Type
- Hospitals and physician groups
- Ambulatory care centers
- Diagnostic and imaging centers
- Others
- Healthcare payers
- Type
- Private payers
- Public payers
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Allscripts Healthcare LLC
- Cognizant Technology Inc.
- Koninklinjke Philips
- General Electric Company
- McKesson Corporation
- Siemens AG
- IBM Corporation
- Epic Systems Corporation
- Deloitte Touche Tohmatsu Limited
- Oracle Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: HEALTHCARE IT CONSULTING MARKET, BY CONSULTING TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Healthcare application analysis, design, and development
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 HCIT strategy and project/program management
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 HCIT integration and migration
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 HCIT change management
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Healthcare/medical system and security set-up and risk assessment
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Healthcare enterprise reporting and data analytics services
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Healthcare business process management
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
4.9 Others
4.9.1 Key market trends, growth factors and opportunities
4.9.2 Market size and forecast, by region
4.9.3 Market analysis by country
CHAPTER 5: HEALTHCARE IT CONSULTING MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Healthcare providers
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.2.4 Healthcare providers Healthcare IT Consulting Market by Type
5.2.4.1 Hospitals and physician groups Market size and forecast, by region
5.2.4.2 Ambulatory care centers Market size and forecast, by region
5.2.4.3 Diagnostic and imaging centers Market size and forecast, by region
5.2.4.4 Others Market size and forecast, by region
5.3 Healthcare payers
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.3.4 Healthcare payers Healthcare IT Consulting Market by Type
5.3.4.1 Private payers Market size and forecast, by region
5.3.4.2 Public payers Market size and forecast, by region
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: HEALTHCARE IT CONSULTING MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Consulting Type
6.2.3 North America Market size and forecast, by End User
6.2.3.1 North America Healthcare providers Healthcare IT Consulting Market by Type
6.2.3.2 North America Healthcare payers Healthcare IT Consulting Market by Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Consulting Type
6.2.4.1.2 Market size and forecast, by End User
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Consulting Type
6.2.4.2.2 Market size and forecast, by End User
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Consulting Type
6.2.4.3.2 Market size and forecast, by End User
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Consulting Type
6.3.3 Europe Market size and forecast, by End User
6.3.3.1 Europe Healthcare providers Healthcare IT Consulting Market by Type
6.3.3.2 Europe Healthcare payers Healthcare IT Consulting Market by Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Consulting Type
6.3.4.1.2 Market size and forecast, by End User
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Consulting Type
6.3.4.2.2 Market size and forecast, by End User
6.3.4.3 UK
6.3.4.3.1 Market size and forecast, by Consulting Type
6.3.4.3.2 Market size and forecast, by End User
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Consulting Type
6.3.4.4.2 Market size and forecast, by End User
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Consulting Type
6.3.4.5.2 Market size and forecast, by End User
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Consulting Type
6.3.4.6.2 Market size and forecast, by End User
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Consulting Type
6.4.3 Asia-Pacific Market size and forecast, by End User
6.4.3.1 Asia-Pacific Healthcare providers Healthcare IT Consulting Market by Type
6.4.3.2 Asia-Pacific Healthcare payers Healthcare IT Consulting Market by Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 Japan
6.4.4.1.1 Market size and forecast, by Consulting Type
6.4.4.1.2 Market size and forecast, by End User
6.4.4.2 China
6.4.4.2.1 Market size and forecast, by Consulting Type
6.4.4.2.2 Market size and forecast, by End User
6.4.4.3 Australia
6.4.4.3.1 Market size and forecast, by Consulting Type
6.4.4.3.2 Market size and forecast, by End User
6.4.4.4 India
6.4.4.4.1 Market size and forecast, by Consulting Type
6.4.4.4.2 Market size and forecast, by End User
6.4.4.5 South Korea
6.4.4.5.1 Market size and forecast, by Consulting Type
6.4.4.5.2 Market size and forecast, by End User
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Consulting Type
6.4.4.6.2 Market size and forecast, by End User
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Consulting Type
6.5.3 LAMEA Market size and forecast, by End User
6.5.3.1 LAMEA Healthcare providers Healthcare IT Consulting Market by Type
6.5.3.2 LAMEA Healthcare payers Healthcare IT Consulting Market by Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Consulting Type
6.5.4.1.2 Market size and forecast, by End User
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Consulting Type
6.5.4.2.2 Market size and forecast, by End User
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Consulting Type
6.5.4.3.2 Market size and forecast, by End User
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Consulting Type
6.5.4.4.2 Market size and forecast, by End User
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Allscripts Healthcare LLC
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Cognizant Technology Inc.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Koninklinjke Philips
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 General Electric Company
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 McKesson Corporation
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Siemens AG
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 IBM Corporation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Epic Systems Corporation
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Deloitte Touche Tohmatsu Limited
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Oracle Corporation
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Healthcare IT Consulting Market,' the Healthcare IT Consulting Market Size valued at $21.9 billion in 2021, and is estimated to reach $103.6 billion by 2031, growing at a CAGR of 16.7% from 2022 to 2031.A healthcare consultant helps healthcare providers and organizations overcome technological challenges to implement digital health software and hardware. The IT solutions then allow the organization to improve patient care. Healthcare consulting services vary from one business to another. Many offer a wide variety of services, including strategic consulting, cybersecurity, technology implementation, and cloud computing. The main goal of all of these segments within the wider healthcare consulting space is to guide management to make better decisions and, in effect, improve the organization’s profit potential.
Every healthcare organization potentially contracts with one of these advisory firms to assist in improving organizational competency, including healthcare providers such as hospitals, doctor's offices, and other facilities; managed care organizations and payors such as insurance companies and government entities; pharmaceutical companies; and managing medical equipment companies. Consequently, a healthcare consulting firm's job is to maximize productivity, generate higher revenue, and provide structural advancement.
The key factors that drive the growth of the market are rise in prevalence of cancer and chronic diseases. Moreover, increase in geriatric population, surge in adoption of technologically advanced healthcare IT consulting, and rise in investments in R&D propel the growth of the healthcare IT consulting market. Furthermore, high adoption of technologically advanced medical devices to provide real-time communication system, data integration facilities, increase in the healthcare expenditure and presence of major key players in the country and the strategies they adopt to provide work flow automation service boost the growth of the market. For instance, in January, 2022, Wolters Kluwer, Health launched Ovid Synthesis, a new suite of applications to power highly effective evidence-based workflows in the healthcare setting that complement Ovid’s premium medical content. The first Ovid Synthesis module, clinical evidence manager, is a cloud-based workflow management solution that offers healthcare organizations a unique, centralized dashboard view of all quality improvement (QI) research projects for easier tracking and collaboration among teams to ensure new clinical practice improvements are based on the latest medical evidence.
However, high investments and optimum coordination to develop an interoperable platform for utilization of data and surge in cases of cybercrime are the factors hinders the growth of the market. Furthermore, low doctor-to-patient ratio are expected to result into integration of healthcare IT solutions which is projected to create an opportunity for Healthcare IT Consulting Market Forecast.
On the basis of consulting type, the healthcare IT consulting market is segmented into HCIT strategy and project/program management, HCIT integration and migration, HCIT change management, healthcare/medical system & security set-up and risk assessment, healthcare enterprise reporting and data analytics services, healthcare business process management, healthcare application analysis, design and development and others. In 2021, the healthcare application analysis, design, and development segment accounted for the largest Healthcare IT Consulting Market Share. The dominance of this segment can be attributed to the fact that IT application analysis, design, and development form the major component of all IT solution implementation projects. In addition, every healthcare facility has different requirements which need careful designing, development, and implementation of customized solutions.
By end user, the market is segmented into healthcare payers, healthcare providers and others. The healthcare provider segment exhibited the highest growth in 2021, and is anticipated to lead during the forecast period, owing to rise in the prevalence of chronic disease such as cancer and increase in the number of the healthcare IT consulting service providers across the world are the Healthcare IT Consulting Market Trends that drives the growth of market.
North America accounted for a majority of the healthcare IT consulting market share in 2021 and is anticipated to remain dominant during the forecast period. Increased number of favorable initiatives by regional governments during the COVID-19 pandemic, increased preference for HCIT solutions, presence of large hospitals that demand integrated healthcare networks, presence of major players offering healthcare consulting services, and high adoption rate of these services by healthcare organizations to improve patient care and business operations across the health systems are some of the key factors driving the growth of healthcare IT consulting market in this region.
Asia-Pacific was the second largest contributor to the Healthcare IT Consulting Industry in 2021, and is expected to register the fastest CAGR during the forecast period. The market growth in the Asia-Pacific region is supplemented by the growing demand for patient care and monitoring software devices, highly populated countries along with high birth rate and high prevalence of chronic diseases. In addition, the increase in patient awareness and presence of high unmet needs in these nations, especially in countries such as India and China, are expected to further drive the growth Healthcare IT Consulting Market Size in upcoming years.
The key players that operate in the Healthcare IT consulting market are Allscripts Healthcare LLC, Cognizant, Deloitte, Epic System Corporation, General Electric Company, IBM Corporation, Koninklijke Philips N.V., McKesson Corporation, Oracle Corporation, Siemens AG.
Key findings of the study
By consulting type, the healthcare application analysis, design, and development segment were the highest contributor to the Healthcare IT Consulting Industry in 2021.By end user, the healthcare provider segment dominated the market in 2021 and is expected to continue this trend during the forecast period.
By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Allscripts Healthcare LLC
- Cognizant Technology Inc.
- Koninklinjke Philips
- General Electric Company
- Mckesson Corporation
- Siemens AG
- IBM Corporation
- Epic Systems Corporation
- Deloitte Touche Tohmatsu Limited
- Oracle Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 320 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 21880.59 million |
| Forecasted Market Value ( USD | $ 102965.04 million |
| Compound Annual Growth Rate | 16.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
