Healthcare Cloud Computing Market to Witness Formidable Growth until 2025
Increasing high speed internet
penetration to drive the growth of global healthcare cloud computing
market
According to
TechSci Research report, “Global Healthcare
Cloud Computing Market By Component (Software v/s Services), By Delivery
Model (Software-As-A-Service (SaaS), Infrastructure-As-A-Service (IaaS),
Platform-As-A-Service (PaaS)), By Deployment Mode (On-Premise v/s Cloud), By
Pricing Model (Pay-As-You-Go v/s Spot Pricing Model), By Application (Clinical
Information System v/s Non-Clinical Information System), By End User (Hospitals
& Clinics, Pharmacies, Ambulatory Centers, Diagnostic Centers, Others), By
Region, Forecast & Opportunities, 2025”, the global
healthcare cloud computing market is expected to grow at a formidable rate during
the forecast period on account of the growing adoption of cloud computing
across the globe. Additionally, access to advanced technologies such as machine
learning and cloud reduces cost and improve flexibility, scalability, storage
and flexibility. Furthermore, government initiatives that support data safety
and integrity are anticipated to positively influence the market through 2025.
However, issues related to data security & privacy and cyber threats might
hamper the market growth during forecast period. Additionally, lack of
interoperability and industry standards might further restrict the market
growth over next few years.
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The global
healthcare cloud computing market is segmented based on component, delivery
model, deployment mode, pricing model, application, end user, company and
region. Based on component, the market can be bifurcated into software and
services. The services segment is expected to register significant growth on
account of their recurring nature. Additionally, they provide quick access to
business applications. Based on delivery model, the market can be categorized
into software-as-a-service (SaaS), infrastructure-as-a-service (IaaS) and
platform-as-a-service (PaaS)). The SaaS segment is expected to dominate the
market owing to the associated benefits such as high level of security,
affordable ownership costs, lesser deployment time, among others. On the other
hand, the IaaS model is expected to grow during the next five years since it
does not require upfront charges, bandwidth utilization fees, among others,
which have increased its adoption rate. Based on deployment mode, the market
can be divided into on-premise and cloud. The cloud segment is expected to
dominate the market on account of the benefits associated with cloud such as
data security & privacy, reduced operational risks, scalability, 24/7
availability, among others. Based on pricing model, the market can be split
into pay-as-you-go and spot pricing model. The pay-as-you-go segment is
expected to hold a significant market share until 2025 since it allows the
healthcare organizations to provide latest software solutions while keeping
operating costs to maximum. Based on application, the market can be grouped
into clinical information system and non-clinical information system. The
clinical information system is expected to dominate the market through 2025 on
account of growing demand for maintaining and storing raw data generated in the
form of prescription and other patient related information obtained from the
physicians & consultants. On the other hand, the non-clinical information
system is expected to register significant growth owing to its increasing use
in maintaining the administrative data generated in the hospitals. Also,
insurance payers and healthcare providers use this system to track patient
payment details, revenue generated through reimbursement policies, among
others. Based on end user, the market can be fragmented into hospitals &
clinics, pharmacies, ambulatory centers, diagnostic centers and others. The
hospitals & clinics segment is expected to dominate the market on account
of the increasing use of cloud computing solutions in maintaining patient
information related to the disease, treatment and medication given.
Additionally, increasing number of admissions are further expected to drive the growth of segment through 2025.
The pharmacies segment is expected to witness significant growth on account of
the growing need to maintain the prescription based data. Additionally, cloud
computing can help in tracking historical data also such as drugs sold, payment
info, among others.
IBM Corporation, Carestream
Health, Inc, Athenahealth, CareCloud Corporation, Siemens Healthineers AG, eClinicalWorks,
Koninklijke Philips N.V., Allscripts Healthcare Solutions, Inc, GE Healthcare, NTT
DATA Corporation, Sectra AB, NextGen Healthcare, Inc., DXC Technologies Company,
INFINITT Healthcare Co. Ltd., Hyland Software Inc., Orion Health Group, Fujifilm
Holdings Cooperation, Vepro eHealth Solutions, EnSoftek, Inc., Dell
Technologies, Inc.and others are some of the leading players operating
in global healthcare cloud computing market. The companies operating in the
market are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“North America is expected to dominate
the global healthcare cloud computing market during the forecast period, owing
to the increasing adoption of healthcare IT services in the region.
Additionally, growing government support in the form of policies, initiatives
and funding in the region is further anticipated to spur the market.
Furthermore, growing shift towards electronic health records is anticipated to
bolster the market growth over the next few years. Also, the key vendors
operating in the market are expanding their business in the region creating
lucrative opportunities for the growth of market.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Healthcare Cloud Computing Market By
Component (Software v/s Services), By Delivery Model (Software-As-A-Service
(SaaS), Infrastructure-As-A-Service (IaaS), Platform-As-A-Service (PaaS)), By
Deployment Mode (On-Premise v/s Cloud), By Pricing Model (Pay-As-You-Go v/s
Spot Pricing Model), By Application (Clinical Information System v/s
Non-Clinical Information System), By End User (Hospitals & Clinics,
Pharmacies, Ambulatory Centers, Diagnostic Centers, Others), By Region,
Forecast & Opportunities, 2025”, has evaluated
the future growth potential of global healthcare cloud computing market and
provides statistics & information on market size, 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 global healthcare cloud computing market.
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