Health Cloud Market is Estimated to Record a Significant Growth Rate by 2030

Health Cloud Market is predicted to reach USD 115.7 Billion at a CAGR of 15.6% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Health Cloud Market” that contains information from 2018 to 2030. The Health Cloud Market is estimated to register a CAGR of 15.6% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Health Cloud Market — CareCloud Corporation, Athenahealth, Inc., Carestream Health, IBM Corporation, Dell Inc., Siemens Healthineers and Oracle Corporation

Market Highlights

The global Health Cloud Market is accounted to register a CAGR of 15.6% during the forecast period and is estimated to reach USD 115.7 Billion by 2030

The health cloud market refers to the adoption and utilization of cloud computing technologies in the healthcare industry. Cloud computing in healthcare involves the storage, management, and analysis of health-related data and applications on remote servers accessed through the internet. This allows healthcare organizations to securely store and share patient data, collaborate with other providers, and leverage advanced analytics for insights and decision-making.

Segment Analysis

The global Health Cloud Market has been segmented based on Component, End-use, and Remote Monitoring.

By Component, the Global Healthcare Cloud Infrastructure Market is segmented into Hardware and Services. More than 72% of income in 2021 came from the services sector. Fewer and fewer firms have the resources and expertise needed to implement more advanced computer technologies.

By End-use, the Global Healthcare Cloud Infrastructure Market is segmented into Healthcare Providers and Healthcare Payers. The healthcare providers category accounted for more than 58% of the market's revenue in 2021. In part, this is due to an increase in the number of hospital connections made via cloud infrastructure.

Health Cloud solutions may support telemedicine services, enabling remote consultations between patients and healthcare providers. Additionally, remote monitoring capabilities allow healthcare professionals to track patients' health status in real-time.

Regional Analysis

The global Health Cloud Market, based on region, has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market and held a revenue share of over 50.0% in 2021. This is attributed to the rapidly rising care expenditure and growing advancements in the IT infrastructure. The market is composed of some of the major market players developing healthcare cloud infrastructure products and solutions and providing installation and training facilities, which is expected to contribute significantly to the regional market growth. To streamline their workflows, eliminate data siloes, and drive their operational, clinical, and financial outcomes, care facilities in North America are adopting cloud infrastructure products and services.

Asia Pacific, the market is anticipated to register the fastest growth rate during the forecast period owing to the surge in several innovative start-ups specializing in healthcare cloud infrastructure products and services. Furthermore, the developing healthcare IT infrastructure and the rise in adoption of advanced technological solutions by care facilities to enhance their workflow management and effectively serve the growing patient population are expected to propel the growth of the market in the Asia Pacific. The growing IT industry is showing tremendous potential and attracting public and private investors. It is expected to accelerate the future development of the industry.

As a result of the proliferation of various cutting-edge start-ups in the region that specialise in healthcare cloud infrastructure goods and services, it is predicted that the market will expand at the most rapid rate in the Asia Pacific region over the course of the forecast period.

Additionally, the evolving healthcare IT infrastructure and the increase in implementation of smart technological solutions by care centres to improve their processes and workflows and adequately address the rising patient population are anticipated to fuel the growth of the market in the Asia Pacific region. This is expected to drive the growth of the market in the Asia Pacific region. The rapidly expanding information technology sector is demonstrating remarkable potential and luring both public and private investors. It is anticipated that this will speed up the industry's overall development in the years to come.

Key Findings of the Study

• The global Health Cloud Market is expected to reach USD 115.7 Billion by 2030 at a CAGR of 15.6% during the forecast period.


• North America commanded more than a 52 percent revenue share of the market, making it the most dominant region.


• By Component, the Global Healthcare Cloud Infrastructure Market is segmented into Hardware and Services. More than 72% of income in 2021 came from the services sector.


• CareCloud Corporation, Athenahealth, Inc., Carestream Health, IBM Corporation, Dell Inc., Siemens Healthineers and Oracle Corporation