New York, USA, May 23, 2023 (GLOBE NEWSWIRE) -- Healthcare Cloud Computing Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Healthcare Cloud Computing Market Information by Application, Deployment, End User, Service, and Region - Forecast till 2030”, the market could thrive at a rate of 13.6% between 2022 and 2030. The market size will be reaching around USD 64.1 billion by the end of the year 2030
Market Scope
Due to recent technology advancements and enhanced security, more healthcare organizations can benefit from the cloud than ever before. With technical advancements like remote monitoring, natural language processing APIs, and telemedicine, cloud technology will continue to advance to meet novel digital health contexts in various significant ways in the coming years. The healthcare industry has witnessed a significant shift from traditional paper-based systems to digital systems. One of the most significant technological advances in healthcare is the introduction of cloud computing. Healthcare cloud computing refers to the use of cloud technology to store, manage, and process healthcare data and information. The healthcare cloud computing market is growing at an unprecedented rate, and its potential impact on the healthcare industry is immense.
The uses and applications of healthcare cloud computing are diverse and vast. Healthcare providers can store and share patient data securely on cloud servers, allowing them to access the data from any location and at any time. Additionally, healthcare cloud computing provides advanced data analytics capabilities that enable healthcare providers to analyze large sets of data and generate insights that can improve patient care and outcomes.
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Healthcare cloud computing also facilitates telemedicine, which involves remote consultations, diagnoses, and treatment. Telemedicine has become increasingly relevant in the current scenario, where social distancing measures are in place due to the COVID-19 pandemic. Furthermore, healthcare cloud computing has the potential to revolutionize medical research by providing access to vast datasets that can facilitate the discovery of new treatments and therapies.
Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 64.1 billion |
| CAGR | 13.6% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Deployment, End-User, and Service |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | The expanding trend of healthcare digitalization, the incorporation of advanced AI/ML algorithms, cloud deployment of healthcare systems, |
| Recent technology advancements and enhanced security |
Healthcare Cloud Computing Market Competitive Landscape:
The affluent companies in the Healthcare Cloud Computing industry include
- Nuance Communications
- Cerner Corporation
- Merge Healthcare Inc.
- Carestream Corporation
- Oracle Corporation
- Clear Data Networks Inc
- Sectra AB
- GE Healthcare
- Microsoft Corporation
- Siemens Healthineers
October 2021
Microsoft announced the launch of its healthcare-specific cloud service, Microsoft Cloud for Healthcare. This cloud service aims to provide healthcare organizations with a comprehensive solution to securely store, manage and process healthcare data. Microsoft Cloud for Healthcare is equipped with advanced analytics and AI capabilities that can enable healthcare providers to improve patient outcomes.
Healthcare Cloud Computing Market Trends:
Market Drivers:
There are several market driving factors for the healthcare cloud computing market. Firstly, the increasing adoption of digital technologies in the healthcare industry is driving the demand for healthcare cloud computing. Secondly, the growing demand for data analytics and artificial intelligence (AI) in healthcare is fueling the growth of the healthcare cloud computing market. Thirdly, the rising need for cost-effective healthcare solutions is driving healthcare providers to adopt cloud computing technologies to reduce their IT infrastructure costs.
Market Restraints:
Despite the numerous advantages of healthcare cloud computing, there are also several market restraints. Firstly, concerns over data security and privacy are hindering the adoption of healthcare cloud computing. Secondly, the lack of standardization and interoperability among healthcare systems is creating barriers to the seamless integration of cloud-based systems. Thirdly, the high cost of implementing cloud-based systems is a significant barrier for small and medium-sized healthcare providers.
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COVID 19 Analysis
The COVID-19 pandemic has accelerated the adoption of healthcare cloud computing. Healthcare providers have increasingly turned to telemedicine and remote consultations to minimize in-person contact and reduce the risk of infection. The need for real-time data sharing and analysis has also increased, leading to a surge in demand for cloud-based solutions. The post-COVID scenario is expected to witness continued growth in the healthcare cloud computing market, as the advantages of cloud-based systems become more apparent to healthcare providers.
Healthcare Cloud Computing Market Segmentation
By Application
The Applications in the market include Non-Clinical Information Systems and Clinical Information Systems
By Deployment
By Deployment, the segment includes Private Cloud, Public Cloud, and Hybrid Cloud
By End User
By End User, the segment includes Healthcare Providers and Healthcare Players.
By Service
By Service, the segment includes IaaS, SaaS, and PaaS.
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Healthcare Cloud Computing Market Regional Insights
North America is currently the dominant market for healthcare cloud computing due to the high adoption rate of digital technologies and advanced healthcare systems. The region has a mature healthcare system, and healthcare providers are increasingly adopting cloud computing to improve patient care, reduce costs, and increase efficiency. The US, in particular, is a major contributor to the healthcare cloud computing market, owing to the presence of several large healthcare providers and technology companies. Further, the Asia-Pacific region is expected to witness significant growth in the healthcare cloud computing market, driven by the increasing demand for cost-effective healthcare solutions and the rapid adoption of cloud technologies. The region has a large and growing population, and many countries are facing significant challenges in providing affordable and accessible healthcare. Cloud computing is seen as a key technology that can help address these challenges by providing access to advanced healthcare systems and services at a lower cost.
Additionally, Europe is also expected to witness substantial growth in the healthcare cloud computing market, driven by the growing need for improved patient care and the increasing adoption of digital health technologies. The region has a well-established healthcare system, and healthcare providers are increasingly adopting digital health technologies to improve patient outcomes and reduce costs. Cloud computing is seen as a key technology that can help healthcare providers improve the delivery of care, enhance patient engagement, and increase operational efficiency.
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