Pune, India, 2023 /press release/- Market Research Future (MRFR) has published a cooked research report on the “Healthcare Cloud Computing Market” that contains information from 2018 to 2032.
The global Healthcare Cloud Computing Market is accounted to register a CAGR of 13.60% during the forecast period and is estimated to reach USD 69.31 billion by 2032.
The healthcare cloud computing market refers to the use of cloud computing technology in the healthcare industry to store, manage, and analyze healthcare data and information. Cloud computing enables healthcare organizations to access and share data and applications over the internet, providing greater flexibility, scalability, and cost-efficiency compared to traditional on-premises infrastructure.
MRFR recognizes the following companies as the key players in the global Healthcare Cloud Computing Market — Nuance Communications, Cerner Corporation, Merge Healthcare Inc., Carestream Corporation, Oracle Corporation, Clear Data Networks Inc., Sectra AB, GE Healthcare, Microsoft Corporation, and Siemens Healthineers
The global Healthcare Cloud Computing Market has been segmented based Application, Deployment, and End-User.
The healthcare cloud computing market segmentation, by application, is non-clinical information system and clinical information system. Clinical information systems accounted for a larger market share in revenue in the healthcare cloud computing market growth in 2021 and are expected register a faster CAGR during the forecast period. The increase is attributed to a surge in demand for storing raw data generated by physicians and clinicians. This data includes pharmacists', physicians,' and doctors' notes, as well as prescriptions. Meanwhile, vast amounts of clinical data are generated each year, necessitating an urgent need for laboratory information management and health information systems. All of these reasons contribute to the expansion of this category.
The healthcare cloud computing market segmentation, by deployment, is private cloud, public cloud, and hybrid cloud. In 2021, the private cloud category generated the maximum revenue and was also anticipated to rise at the highest CAGR. This is due to the requirement to store exceedingly sensitive patient data securely to avoid data privacy breaches that could result in legal implications. The private cloud gives healthcare workers direct control over stored data in the cloud, allowing them to create their apps while also ensuring compliance. Furthermore, several aspects boost market revenue, such as improved control over computation, patient data, and infrastructure.
By end user, the market is segmented into healthcare providers and healthcare players. The healthcare providers category dominated the market as these providers use the cloud computing service to maintain a record of the patients.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Healthcare Cloud Computing Market Research Report
The global Healthcare Cloud Computing Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North American region accounted for the most extensive market share. Asia-Pacific will exhibit the highest CAGR during the forecast period.
North America dominated the market and held the biggest revenue share. This is due to fast-rising healthcare costs and rapid developments in IT infrastructure. The market comprises some of the leading industry players producing healthcare cloud infrastructure products and solutions and providing installation and training services, which are likely to contribute to regional market growth significantly. Care institutions in North America are implementing cloud infrastructure products and services to improve processes, eliminate data silos, and drive operational, clinical, and financial benefits.
The market in Asia-Pacific is expected to grow at the quickest rate during the forecast period, owing to an increase in the number of innovative start-ups specialized in healthcare cloud infrastructure products and services. Furthermore, the rising healthcare IT infrastructure and the increased use of advanced technological solutions by care facilities to improve workflow management and better service to the growing patient population will likely drive the Asia-Pacific market's growth.
Key Findings of the Study
- The global Healthcare Cloud Computing Market is expected to reach USD 69.31 billion by 2032, at a CAGR of 13.60% during the forecast period.
- North America dominated the market and held the biggest revenue share. This is due to fast-rising healthcare costs and rapid developments in IT infrastructure.
- The healthcare cloud computing market segmentation, by application, is non-clinical information system and clinical information system.
- Nuance Communications, Cerner Corporation, Merge Healthcare Inc., Carestream Corporation, Oracle Corporation, Clear Data Networks Inc., Sectra AB, GE Healthcare, Microsoft Corporation, and Siemens Healthineers