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Market Size in USD Billion
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2023 –2030 |
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USD 35.61 Billion |
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USD 127.04 Billion |
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Global Healthcare Cloud Computing Market, By Product (Healthcare Provider Solutions, Non-clinical Information Systems (NCIS), healthcare payer solutions), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), Component (Software, Services), Pricing Model (Pay-As-You-Go, Spot Pricing Model), Service Model (Software-As-A-Service, Infrastructure-As-A-Service, Platform-As-A-Service), End User (Healthcare Providers, Healthcare Payers) – Industry Trends and Forecast to 2030.
The proliferation of high-speed internet across the globe is one of the major factors driving the growth of the healthcare cloud computing market. The high adoption of wearable devices, big data analytics, and (Internet of Things) IoT in the healthcare sector, proliferation of new payment models, and the cost-efficiency of the cloud accelerate the market growth. The rise in the popularity of the technology due to the various advantages such as flexibility, better storage, and scalability of data offered by cloud computing, and availability of the dynamic nature of health benefit plan designs further influence the market. In addition, advancements in healthcare infrastructure, the surge in disposable income, rapid digitization, and the formation of accountable care organizations positively affect the healthcare cloud computing market. Furthermore, the emergence of the telecloud and the use of blockchain in the health cloud extend profitable opportunities to the market players from 2023 to 2030. On the other hand, data security, privacy concerns, and complex regulations governing cloud data centers are expected to obstruct market growth. Interoperability and portability issues and the high dependence of users on the internet and provider renting policies are projected to challenge the healthcare cloud computing market in the forecast period.
Data Bridge Market Research analyzes that the healthcare cloud computing market, which was USD 35.61 billion in 2022, is likely to reach USD 127.04 billion by 2030 and is expected to undergo a CAGR of 17.2% during the forecast period. “Hospitals” dominates the end user segment of the healthcare cloud computing market due to the growing demand for the drug.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Healthcare Provider Solutions, Non-clinical Information Systems (NCIS), Healthcare Payer Solutions), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), Component (Software, Services), Pricing Model (Pay-As-You-Go, Spot Pricing Model), Service Model (Software-As-A-Service, Infrastructure-As-A-Service, Platform-As-A-Service), End User (Healthcare Providers, Healthcare Payers)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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CareCloud Corporation (U.S.), Carestream Health(U.S.), ClearDATA (U.S.), Dell (U.S.), NetDepot.com LLC(U.S.), IBM Corporation (U.S.), Iron Mountain Incorporated (U.S.), Cisco Systems Inc. (U.S.), H.P. Development Company, L.P. (U.S.), Microsoft (U.S.), Salesforce, Inc. (U.S.), SYNOPTEK, LLC. (U.S.), Cisco(U.S.), Oracle (U.S.), G.E. Healthcare (U.S.), CitiusTech Inc. (U.S.), Napier Healthcare Solutions Pte. Ltd. (Singapore), Optum, Inc. (U.S.), McKesson Corporation (U.S.), 3M (U.S.), Omnicell, Inc. (U.S.), Wipro(U.S.), Nuance Communications, Inc., (U.S.), Infosys Limited (U.S.), Cognizant (U.S.)
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Market Opportunities
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Market Definition
The healthcare cloud computing market is the industry segment that involves the delivery of healthcare services, storage, and management of healthcare data, and the deployment of healthcare applications and software through cloud computing technologies. Cloud computing in the healthcare sector offers a range of solutions, from storing and securing electronic health records (EHRs) to enabling remote access to health information and the deployment of medical applications. It provides healthcare organizations, providers, and patients with the capability to access, manage, and share health-related data and applications over the internet.
Drivers
The propagation of high-speed internet and execution of promising controlling acts are also predictable to deliver growth prospects to the healthcare cloud computing market worldwide. Yet, concerns connected to data portability obstacles, data privacy, and an increasing number of cloud data breaches are curtailing the advancement of the healthcare cloud computing market worldwide. Further, the deficiency of accomplished I.T. professionals has decelerated the implementation of this technology. Competent specialists are in great demand due to the struggle to find professionals with HIPAA expertise.
There are various ways in which the pandemic has been unprecedented. To combat the pandemic and construct new facilities, set up a secure method of mass screening, or get the vaccine on the market, time was of the essence. It is possible to rely on cloud technology to accelerate the release of critical tech solutions in the industry. By selecting Amazon Web Application services, they could meet both the stringent regulatory requirements involved with managing medical and personal data and execute the app in the record-breaking two-week time frame.
For instance, Spoedtestcorona, a network of testing facilities offering Covid-19 quick diagnostic tests, had a hurdle when attempting to create a cross-platform web application on time while aiming to provide safe and inexpensive testing in the Netherlands and Belgium. The software was supposed to reduce face-to-face contact and secure testing for patients and medical professionals.
Opportunity
There are greater prospects for big data applications to improve patient outcomes due to the expanding espousal of cloud-based data storehouse techniques in the healthcare industry. For instance, medical professionals in the U.S. previously maintained patient records on paper. The amount of potentially valuable data in EMRs of the patient has always been enormous. This data could be utilized to forecast when a pandemic could start, find minute patterns in patient sicknesses that might indicate the disorder's origins, or determine which treatments were most successful for a particular symptomatic group.
All data previously locked away in filing storerooms can now be scoured via and analyzed by the most sophisticated computer algorithms owing to the use of cloud computing in hospitals and medical practices. Healthcare professionals will soon be able to identify and address hazards to the public's health that could previously go undetected until far in their life cycles. Such increasing applications will create lucrative opportunities in the market, thereby supplementing the market growth.
Restraint/Challenge
Data Security and Privacy Concerns
On the other hand, data security, privacy concerns, and complex regulations governing cloud data centers are expected to obstruct market growth. Moreover, the Interoperability and portability issues and high dependence of users on the internet and provider renting policies are projected to challenge the healthcare cloud computing market in the forecast period of 2023-2030.
Recent Development
The healthcare cloud computing market is segmented on the basis of product, deployment, component, pricing model, service model, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Deployment
Component
Pricing Model
Service Model
End User
The healthcare cloud computing market is analyzed and market size insights and trends are provided by country, product, deployment, component, pricing model, service model, and end user as referenced above.
The countries covered in the healthcare cloud computing market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
North America is expected to dominate the market due to the presence of advanced healthcare infrastructure.
Asia-Pacific is expected to grow during the forecast period due to surge in regional investments.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The healthcare cloud computing market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the healthcare cloud computing market , the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on global the healthcare cloud computing market. The data is available for historic period 2010-2020.
The healthcare cloud computing market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the healthcare cloud computing market.
Some of the major players operating in the healthcare cloud computing market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
