SOURCE: Kennedy Consulting Research and Advisory

Kennedy Consulting Research & Advisory

January 28, 2011 10:27 ET

The Race Is on to Take Market Share in Consulting's Fastest-Growing Client Segment

Kennedy Finds That, in Healthcare, Everyone Wants a Piece of the Consulting Pie -- Regardless of Relevant Experience

PETERBOROUGH, NH--(Marketwire - January 28, 2011) -  In recent years, the healthcare industry has been growing faster than global GDP. And, of the major industry-centric consulting segments, Kennedy predicts that the healthcare consulting market will experience the fastest, most dramatic growth throughout the forecast period.

According to new research from Kennedy Consulting Research & Advisory, Healthcare Consulting Marketplace, analysts have found that in terms of overall client spending, healthcare consulting is already one of the top three consulting markets, behind financial services and public sector consulting. As explored in the research, this increase in consulting client spending is based on rising global consumption of healthcare products and services in both developed and developing economies. Powerful long-term economic, demographic and technological trends are combining, causing the kind of turmoil and change that consulting thrives on. Healthcare consultants with perspective on this collision have characterized the current, unprecedented situation as "the perfect storm."

"Healthcare consultancies have also become highly sensitive to competition from new entrants seeking a relatively safe haven from the economic storm," according to Kelly Matthews, Associate Director of Kennedy Consulting Research and Advisory. "And even though these new rivals could not demonstrate relevant experience, they were willing to discount rates, and this contributed to the downward rate pressure that incumbent consultancies frequently experienced."

The data also shows that that, beyond the largest practices, hundreds of smaller firms and boutiques are serving healthcare clients. Many of these smaller firms are focused on only one healthcare segment or are more geographically focused, specializing in the unique structure of the healthcare market in a single country.

Healthcare Consulting Marketplace 2010-2013: Key Trends, Profiles and Forecasts is Kennedy Consulting Research & Advisory's global analysis of the full spectrum of the healthcare consulting industry across four segments: life sciences, provider, payer, and government healthcare. The research examines key drivers shaping client demand for consulting services, market trends, market size and growth estimates. In further analysis of the consulting landscape, Kennedy identifies the leading providers of services in this market.

About Kennedy Consulting Research & Advisory

Since 1970, Kennedy Consulting Research & Advisory has been the world's leading source of market analysis on the Management and IT consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe. Kennedy's stand-alone consulting advisory unit, Kennedy Information Advisors, provides results-oriented strategic guidance to buyers and sellers of consulting services.

Contact Information