Healthcare Cloud Computing Market

Market Analysis:

The global Healthcare Cloud Computing market forecast will be $74.5 billion by 2026, increasing from $18.2 billion in 2018 at a healthy CAGR of 18.1%. North America market share is growing at a CAGR of 8.5% by generating revenue of $44.6 billion by 2026. Asia-Pacific regional growth is expecting $35.8 billion by 2026.

Healthcare Cloud Computing is the process of managing, storing and processing the data, gathered from different locations and rendering the essential services through the internet. The cloud computing technology in the healthcare industry is generally used for memory, networking, computation and storage purposes. The healthcare cloud computing companies offer including Software-As-A-Service, Platform-As-A-Service, and Infrastructure-As-A-Service.

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Market Drivers:

Rising deployment of big data analytics, wearable devices and IoT in healthcare

Healthcare providers produce and gather a huge amount of data from a wide range of internal sources, such as radiology images, electronic health records (EHRs), pharmacy sales, lab tests, prescription information and insurance claims data. The amount of this digital data is rising drastically every year, majorly owing to changes in the payer environment, such as incentives for the meaningful use of EHRs and an inclination towards value-based payments. The efficient management of a huge volume of data needs significant computing power and IT bandwidth which increases the importance of cloud computing in healthcare.

Market Restraints:

The issues associated with data breaches and data privacy are key factor projected to impede growth of the global market. In addition, inadequate infrastructure and problems related to data portability are few other factors anticipated to hampre growth of the global market to certain extent.

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The Global Healthcare Cloud Computing Market has been segmented as below:

By Service

  • Infrastructure as a service (Iaas)

  • Platform as a service (Paas)

  • Software as a service (Saas)

By Cloud deployment model

  • Public

  • Private

  • Virtual Private Cloud

By Application

  • Nonclinical Information Systems

    • Revenue Cycle Management

    • Automatic Patient Billing

    • Payroll Management System

    • Claims Management

    • Cost Accounting

    • Other Nonclinical Information Systems

  • Clinical Information Systems

    • Electronic Health Record

    • Picture Archiving

    • Radiology Information Systems

    • Computerized Physician Order Entry

    • Pharmacy Information Systems

    • Other Applications

By End users

  • Healthcare providers

  • Healthcare payers

By Region

  • Europe

  • North America

  • Asia Pacific

  • Rest of The World

By Company

  • International Business Machines (IBM) Corporation

  • CareCloud Corporation

  • Agfa-Gevaert N.V.

  • Merge Healthcare Inc.

  • Carestream Corporation

  • Cerner Corporation

  • Microsoft Corporation

  • Oracle Corporation

  • ClearData Networks Inc.

  • Sectra AB

  • Nuance Communications

  • GE Healthcare

  • athenahealth Inc.

  • NextGen Healthcare

  • Siemens Healthineers

  • Dell Inc.