Published June 26, 2023
Market Scope & Overview
As per the information provided by SNS Insider, the Healthcare Cloud Computing Market reached a value of USD 16.06 billion in 2022. It is projected to expand at a compound annual growth rate (CAGR) of 12.31% during the forecast period of 2023-2030, aiming to reach USD 40.65 billion by 2030.
Healthcare cloud computing refers to the use of cloud computing technology in the healthcare industry to store, manage, and analyze medical data and information. It involves the utilization of remote servers and computing resources provided by cloud service providers to deliver various healthcare services and solutions.
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Major Key Players Included in the Report are:
- Amazon Web Services
- Microsoft Corporation
- International Business Machines Corporation
- Siemens Healthineers AG
- Koninklijke Philips N.V
- Allscripts Healthcare Solutions
- NTT DATA Corporation
One of the major drivers of the healthcare cloud computing market is the widespread adoption of electronic health records (EHRs) by healthcare providers. EHRs enable the secure storage and easy access of patient information, enhancing care coordination and reducing medical errors. Cloud-based EHR systems offer scalability, flexibility, and cost-effectiveness, making them an attractive choice for healthcare organizations. As the demand for EHRs continues to grow, the market is poised to expand further.
Impact of Recession
The impact of a recession on the healthcare cloud computing market is a complex interplay of economic factors, industry dynamics, and government interventions. While there may be challenges, the inherent cost-saving potential and the growing demand for digital healthcare services could continue to drive the adoption of cloud computing in the healthcare sector, albeit at potentially varied rates during recessionary periods.
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Infrastructure as a Service (IaaS) and healthcare providers are poised to dominate the healthcare cloud computing market due to their unique advantages and contributions. IaaS offers cost-effective scalability, flexibility, and robust security measures, making it an ideal choice for healthcare organizations. Meanwhile, healthcare providers themselves are embracing cloud-based solutions to streamline operations, enhance patient care, and promote interoperability.
Market Segmentation and Sub-Segmentation Included Are:
- Infrastructure as a service
- Platform as a service
- Software as a service
- Clinical Information System
- Computerized Physician Order Entry
- Electronic Medical Records
- Radiology Information System
- Pharmacy Information System
- Non-clinical Information System
- Automatic Patient Billing
- Revenue Cycle Management
- Claims Management
By Cloud deployment model
- Virtual Private Cloud
- Healthcare providers
- Healthcare payers
Regional Status & Analysis
North America’s dominance in the healthcare cloud computing market is fueled by its technological infrastructure, widespread adoption of electronic health records, supportive regulatory environment, and a thriving ecosystem of innovation and research. As the demand for cloud-based solutions continues to rise, North America is well-positioned to maintain its leading role in transforming healthcare delivery, enhancing patient care, and driving efficiencies in the healthcare industry.
The market holds immense potential for transforming the industry and improving patient care. The increasing adoption of electronic health records, the integration of advanced analytics and AI, the rise of telehealth, improved interoperability, and enhanced cybersecurity measures are key factors driving the market’s growth.
Frequently Asked Questions
- What is the projected outlook for healthcare cloud computing market growth?
- The market is projected to reach a value of USD 40.65 billion by the year 2030.
- What are the major factors influencing the healthcare cloud computing market?
- The integration of cloud computing with data analytics and AI will drive innovation in healthcare delivery and contribute to improved patient outcomes.
- Who are the leading players in the healthcare cloud computing market?
- Amazon Web Services, Inc., Siemens Healthineers AG, Koninklijke Philips N.V., Microsoft Corporation, CareCloud, Inc., Allscripts Healthcare Solutions, Inc., NTT DATA Corporation.
Table of Contents – Major Key Points
- Research Methodology
- Market Dynamics
- Impact Analysis
- COVID-19 Impact Analysis
- Impact of Ukraine- Russia war
- Impact of ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Healthcare Cloud Computing Market Segmentation, by Service
- Healthcare Cloud Computing Market Segmentation, by Application
- Healthcare Cloud Computing Market Segmentation, by Cloud deployment model
- Healthcare Cloud Computing Market Segmentation, by End-users
- Regional Analysis
- Company Profiles
- Competitive Landscape
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
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