Healthcare Cloud Computing Market Report includes Analysis, Trends, Applications, Analysis, and Growth. The healthcare cloud computing market report has been segmented on the basis of component, deployment model, application, end-user, and region.
Global Healthcare Cloud Computing Market: Overview
The Healthcare Cloud Computing Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Cloud computing boasts several attractive benefits for businesses and end-users. There are several benefits of cloud computing in the healthcare sector.
On-demand cloud computing and storage reduce operational costs for healthcare providers, such as hospitals and clinics.
Cloud also helps to support heavy data of health IT technologies such as electronic medical records, patient portals, mobile apps, and medical devices with IoT technology, which is expected to improve decision support systems, and therapeutic strategies.
Global Healthcare Cloud Computing Market: Dynamics
The rising adoption of IoT devices in healthcare, coupled with the increasing use of various smart wearable devices among patients in order to keep track of health are some major factors expected to drive the growth of the global market.
In addition, the increasing penetration of high-speed internet and the introduction of novel payment models in order to facilitate healthcare services are among other factors expected to further support the growth of the global market to a certain extent.
Moreover, increasing adoption of cloud services from hospitals and clinics, owing to multiple benefits, such as flexibility, better storage, and data scalability helps in ease in data sharing and management workflow.
This is another factor expected to further boost the growth of the global market.
In addition, increasing government expenditure on the development of healthcare infrastructure and approach toward establishment of stringent regulatory compliance are some other factors expected to support the growth of the target market
However, issues related to data breaches and data privacy are major factors expected to hamper the growth of the global market.
In addition, lack of infrastructure and problems associated with data portability are some other factors expected to challenge the growth of the global market to a certain extent.
Increasing government expenditure by developing countries on the development of healthcare infrastructure and rising investment by major players for technological advancement and providing flawless services are some other factors expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Healthcare Cloud Computing Market: Region Analysis
The market in North America is expected to dominate the global market in terms of revenue and is expected to continue its dominance over the forecast period.
This can be attributed to well-developed IT infrastructure, high adoption of IoT in healthcare, and the presence of major service providers operating in countries in this region.
In addition, increasing merger and acquisition activities between regional and international players are expected to further support the growth of the target market in this region to a certain extent.
The market in the Asia Pacific is expected to witness faster growth, owing to increasing government expenditure on the development of healthcare infrastructure, high penetration of the internet, and increasing use of smart wearable devices.
The market in Latin America is expected to witness moderate growth over the forecast period. The growth can be attributed to the increasing presence of major manufacturers, coupled with increasing government spending on the healthcare sector.
Global Healthcare Cloud Computing Market Segmentation
Segmentation by component:
Segmentation by deployment model:
- Private cloud
- Hybrid cloud
- Public cloud
Segmentation by application:
- Clinical Information Systems
- Nonclinical Information Systems
Segmentation by end-user:
- Healthcare Providers
- Healthcare Payers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- CareCloud Corporation
- ClearData Networks Inc.
- athenahealth, Inc.
- Cerner Corporation
- Epic Systems Corporation
- NextGen Healthcare Information Systems, LLC
- Carestream Health, Inc.
- Dell Inc.
- DICOM Grid Inc.
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