The Healthcare Cloud Computing by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare Cloud Computing, the healthcare cloud computing market size has grown rapidly in recent years. It will grow from $36.27 billion in 2023 to $41.33 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to electronic health records (ehr) adoption, cost reduction initiatives, data security concerns, interoperability requirements, increased demand for storage and processing power.
The healthcare cloud computing market size is expected to see rapid growth in the next few years. It will grow to $74.36 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to adoption of telehealth services, ai and machine learning integration, remote patient monitoring solutions, edge computing in healthcare, increased focus on data analytics. Major trends in the forecast period include blockchain for healthcare data management, hybrid cloud deployments, personalized medicine platforms, mobile health (mhealth) applications, integration of internet of things (iot) in healthcare systems.
The rise in the adoption of information technology in the healthcare sector is significantly driving the growth of the healthcare cloud computing market. Information technology has paved the way for more precise healthcare services that help patients attain easy and quick access to various healthcare facilities. The most common examples of health information technology are electronic health records (EHRs), e-prescriptions, and other tech tools that help patients meet health goals such as managing blood sugar levels or quitting smoking. According to the 2021 Accenture health and life science experience survey of 1,800 people in the United States, nearly 26% said their access to healthcare has been even better with digital adoption since the onset of the COVID-19 pandemic. Thus, a rise in the adoption of information technology in the healthcare sector is expected to drive the healthcare cloud computing market growth.
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The healthcare cloud computing market covered in this report is segmented –
1) By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud
2) By End User: Healthcare Providers, Healthcare Payers
3) By Pricing Model: Pay-as-you-go, Spot Pricing
4) By Service Model: Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS)
5) By Application: Clinical Information System, Non-Clinical Information System
Technological advances in healthcare infrastructure are a key trend gaining popularity in the healthcare cloud computing market. Major companies operating in the healthcare cloud computing sector are focused on developing new technological solutions to strengthen their position. For instance, in September 2021, a US-based neuroscience software company, MetaCell, introduced MetaCell Cloud Hosting, offering advanced cloud computing solutions to facilitate research and innovation in life science and healthcare organizations of all sizes.
The healthcare cloud computing market report table of contents includes:
1. Executive Summary
2. Healthcare Cloud Computing Market Characteristics
3. Healthcare Cloud Computing Market Trends And Strategies
4. Healthcare Cloud Computing Market – Macro Economic Scenario
5. Global Healthcare Cloud Computing Market Size and Growth
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31. Global Healthcare Cloud Computing Market Competitive Benchmarking
32. Global Healthcare Cloud Computing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Healthcare Cloud Computing Market
34. Healthcare Cloud Computing Market Future Outlook and Potential Analysis
35. Appendix
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