The global healthcare cloud computing market size is expected to reach USD 27.8
billion by 2026, according to a new report by Grand View Research, exhibiting a
CAGR of 11.8% over the forecast period. The associated benefits of data
analytics and increase in demand for flexible & scalable data storage by
healthcare professionals is expected to drive the demand for these services
over the forecast period.
Healthcare organizations are digitalizing
their IT infrastructure and deploying cloud servers to improve features of
systems. These solutions help organizations in reducing infrastructure cost
& interoperability issues and aid in complying with regulatory standards.
Hence, rising demand from health professionals to curb IT infrastructure costs
and limit space usage are anticipated to boost market growth over the forecast
period.
Increase in government initiatives
undertaken to develop and deploy IT systems in this industry is one of the key
drivers of this market. Moreover, increase in partnerships between private
& public players and presence of a large number of players offering
customized solutions are some of the factors anticipated to drive demand in the
coming years.
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Further key findings from the study suggest:
· Non-clinical information systems such as
revenue cycle management, health information exchange, financial management,
etc., accounted for the largest revenue share in application segment in 2018
· Financial management segment held 23.0%
share of the non-clinical segment in 2018 while billing and accounts management
is expected to grow at the considerable CAGR during the forecast period
· Private deployment model dominated the
overall market owing to its benefits and ease of usage
· Software as a Service (SaaS) model
accounted for the largest revenue share as of 2018 as it is widely accepted.
This model enables access to applications on a cloud from various devices
· Pay-as-you-go pricing model is anticipated
to gain popularity in the coming years, as the consumer only pays for services
being used
· North America dominated the market with a
share of over 55.0% in 2018. This can be attributed to an increase in demand
from payers as well as providers
· Some key players of this healthcare cloud
computing market include Athenahealth, Cerner Corporation, CareCloud
Corporation, Carestream Corporation, Epic Systems Corporation, Dell Inc., and
Sectra AB
· Companies are forming various strategic
alliances with clinical research organizations and medical devices companies to
further expand their profit margins in the healthcare IT sector. These type of
strategic collaborations are expected to aid market growth in the coming years.
Grand View Research has segmented the
healthcare cloud computing market on the basis of the application, deployment
model, pricing model, service model, end use, and region:
Healthcare Cloud Computing Application
Outlook (Revenue, USD Million, 2014 - 2026)
·
Clinical Information Systems
o
Electronic Medical Records
o
PACS, VNA, and Image Sharing Solutions
o
Population Health Management
o
Telehealth
o
Laboratory Information Management Systems
o
Pharmacy Information Systems
o
Radiology Information Systems
o
Other CIS
·
Non-Clinical Information Systems
o
Revenue Cycle Management
o
Billing and Accounts Management
o
Financial Management
o
Healthcare Information Exchange
o
Fraud Management
o
Supply Chain Management
o
Other NCIS
Healthcare Cloud Computing Deployment Model
Outlook (Revenue, USD Million, 2014 - 2026)
·
Private cloud
·
Hybrid cloud
·
Public cloud
Healthcare Cloud Computing Service Model
Outlook (Revenue, USD Million, 2014 - 2026)
·
Software-as-a-service
·
Infrastructure-as-a-service
·
Platform-as-a-service
Healthcare Cloud Computing Pricing Model
Outlook (Revenue, USD Million, 2014 - 2026)
·
Pay-as-you-go
·
Spot Pricing
Healthcare Cloud Computing End-use Outlook
(Revenue, USD Million, 2014 - 2026)
·
Healthcare Providers
·
Healthcare Payers
Healthcare Cloud Computing Regional Outlook
(Revenue, USD Million, 2014 - 2026)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
o
France
o
Italy
o
Spain
o
Netherlands
o
Sweden
o
Denmark
o
Russia
·
Asia Pacific
o
Japan
o
China
o
India
o
Australia
o
Singapore
·
Central & South America
o
Brazil
o
Argentina
o
Chile
·
MEA
o
South Africa
o
KSA
Access Press Release of Healthcare Cloud Computing Market@ https://www.grandviewresearch.com/press-release/global-healthcare-cloud-computing-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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