Healthcare and Life Sciences Management Consulting
The healthcare consulting services market is expected to reach $15.9 billion by 2023 at a CAGR of 10.2%. Growth in this market is driven by an increase in the older population, growing importance of value-based care, and technological advancements in healthcare. Growth in the healthcare consulting market can be also attributed to the large volume of products and services developed by consultancy companies followed by the shift from paper-based healthcare models to digital healthcare models.
- Current revenue growth rate exceeds the average of the last 3 years, indicating that revenue levels are being maintained but without growth.
- Current gross profit margin is less than the average of the last 3 years gross profit margins, which may signal pricing pressure.
- Current EBITDA margin is a bit less than the average of the last 3 years, consistent with the contraction in gross margin.