Increasing demand for telemedicine and personalized healthcare treatment is expected to drive the demand for global Cloud Computing in healthcare market in the forecast period.
According to TechSci Research report, “Cloud Computing in Healthcare Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Application (Clinical Information Systems (PACS, RIS, LIS, EHR/EMR, Others), Non-Clinical Information Systems (APB, RCM, HIE, Financial Management Solutions, Others)), By Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service Type (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By End Users (Healthcare Providers, Healthcare Payers) and By Region”, the global Cloud Computing in healthcare market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. Cloud computing employs a remote server for storage, maintenance, processing of healthcare-related data, and this facility can be accessed by an internet facility. The adoption of cloud computing in healthcare aims to provide patients with improved quality, safety, and efficient medical services. It also helps in the maintenance of patient safety and privacy and increases the interaction between patients and healthcare professionals. Cloud computing in healthcare provides enhanced data security and reduces the data storage cost, which reduces the maintenance cost of healthcare facilities.
However, issues related to data privacy and the complications in data portability may restrain the global Cloud Computing in healthcare market growth for the forecast period.
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Global Cloud Computing in healthcare market is segmented into application, deployment type, service type, end users, regional distribution, and company. Based on application, the market is bifurcated into clinical information systems and non-clinical information systems. The clinical information systems are expected to account for major market share for the forecast period, 2022-2026. The clinical information system segment is divided into PACS, RIS, LIS, EHR/EMR, and others, while non-clinical information systems are divided into APB, RCM, HIE, financial management solutions, and others. The surge in demand for advanced tools for digitizing clinical functions data management and the need to store and integrate the healthcare data is expected to drive the segment’s demand for the next five years. Based on service type, the market is divided into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). The Software as a Service segment is expected to dominate the market for the next five years. Healthcare services actively indulge in providing digital services to patients by providing improved access of healthcare professionals to patients. Reduction in the cost of ownership and security along with faster deployment rate influences the demand of the segment. The surge in the use of wearable medical devices owing to the rise in patient awareness and the need for real-time analysis and monitoring to improve an individual’s health is expected to accelerate the demand of the segment. Based on deployment type, the market is divided into public cloud, private cloud, and hybrid cloud. The private cloud segment is expected to hold a significant market share for the predicted period. The private cloud offers direct control over the data stored in the healthcare facilities, which facilitates the deployment of own applications and adherence to the compliance issues.
IBM Corporation, Amazon Web Services, Oracle Corporation, DXC Technology, Microsoft Corp., Cisco Systems Inc., VMware Inc., Dell Inc., Iron Mountain Inc., Siemens Healthineers, GE healthcare, Optum, Inc., Koninklijke Philips NV, Allscripts Healthcare Solutions are the leading players operating in global Cloud Computing in healthcare market. Service providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Cloud Computing in healthcare service providers are coming up with their technologically advanced offerings.
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“The hospital end user is dominating the global cloud computing in healthcare market and is expected to maintain its dominance for the forecast period. Generation and management of a huge amount of information, multi-functionality, and large-scale operations are the contributing factors fueling the adoption of cloud computing services in healthcare facilities. The rise in the number of hospital admissions, adoption of advanced infrastructure and technology such as big data, the internet of things, and others are expected to propel the global cloud computing in healthcare market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Cloud Computing in Healthcare Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026
Segmented By Application (Clinical Information Systems (PACS, RIS, LIS, EHR/EMR, Others), Non-Clinical Information Systems (APB, RCM, HIE, Financial Management Solutions, Others)), By Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service Type (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By End Users (Healthcare Providers, Healthcare Payers) and By Region” has evaluated the future growth potential of global Cloud Computing in healthcare market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global Cloud Computing in healthcare market.
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