#KSA Telehealth market outlook

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Healthcare Cloud Computing Market Is Expected To Witness Higher Demands Till 2026

The global healthcare cloud computing market size is expected to reach USD 27.8 billion by 2026, according to a new report by Grand View Research, exhibiting a CAGR of 11.8% over the forecast period. The associated benefits of data analytics and increase in demand for flexible & scalable data storage by healthcare professionals is expected to drive the demand for these services over the forecast period.

Healthcare organizations are digitalizing their IT infrastructure and deploying cloud servers to improve features of systems. These solutions help organizations in reducing infrastructure cost & interoperability issues and aid in complying with regulatory standards. Hence, rising demand from health professionals to curb IT infrastructure costs and limit space usage are anticipated to boost market growth over the forecast period.

Increase in government initiatives undertaken to develop and deploy IT systems in this industry is one of the key drivers of this market. Moreover, increase in partnerships between private & public players and presence of a large number of players offering customized solutions are some of the factors anticipated to drive demand in the coming years.

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Healthcare Cloud Computing Market Report Highlights

Non-clinical information systems such as revenue cycle management, health information exchange, financial management, etc., accounted for the largest revenue share in application segment in 2018

Financial management segment held 23.0% share of the non-clinical segment in 2018 while billing and accounts management is expected to grow at the considerable CAGR during the forecast period

Private deployment model dominated the overall market owing to its benefits and ease of usage

Software as a Service (SaaS) model accounted for the largest revenue share as of 2018 as it is widely accepted. This model enables access to applications on a cloud from various devices

Pay-as-you-go pricing model is anticipated to gain popularity in the coming years, as the consumer only pays for services being used

North America dominated the market with a share of over 55.0% in 2018. This can be attributed to an increase in demand from payers as well as providers

Some key players of this healthcare cloud computing market include Athenahealth, Cerner Corporation, CareCloud Corporation, Carestream Corporation, Epic Systems Corporation, Dell Inc., and Sectra AB

Companies are forming various strategic alliances with clinical research organizations and medical devices companies to further expand their profit margins in the healthcare IT sector. These type of strategic collaborations are expected to aid market growth in the coming years.

Healthcare Cloud Computing Market Segmentation

Grand View Research has segmented the healthcare cloud computing market on the basis of the application, deployment model, pricing model, service model, end use, and region:

Healthcare Cloud Computing Application Outlook (Revenue, USD Million, 2014 - 2026)

Clinical Information Systems

Non-Clinical Information Systems

Electronic Medical Records

PACS, VNA, and Image Sharing Solutions

Population Health Management

Telehealth

Laboratory Information Management Systems

Pharmacy Information Systems

Radiology Information Systems

Other CIS

Revenue Cycle Management

Billing and Accounts Management

Financial Management

Healthcare Information Exchange

Fraud Management

Supply Chain Management

Other NCIS

Healthcare Cloud Computing Deployment Model Outlook (Revenue, USD Million, 2014 - 2026)

Private cloud

Hybrid cloud

Public cloud

Healthcare Cloud Computing Service Model Outlook (Revenue, USD Million, 2014 - 2026)

Software-as-a-service

Infrastructure-as-a-service

Platform-as-a-service

Healthcare Cloud Computing Pricing Model Outlook (Revenue, USD Million, 2014 - 2026)

Pay-as-you-go

Spot Pricing

Healthcare Cloud Computing End-use Outlook (Revenue, USD Million, 2014 - 2026)

Healthcare Providers

Healthcare Payers

Healthcare Cloud Computing Regional Outlook (Revenue, USD Million, 2014 - 2026)

North America

Europe

Asia Pacific

Central & South America

MEA

U.S.

Canada

Mexico

UK

Germany

France

Italy

Spain

Netherlands

Sweden

Denmark

Russia

Japan

China

India

Australia

Singapore

Brazil

Argentina

Chile

South Africa

KSA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Healthcare Cloud Computing Market Analysis, Geographical Segmentation, Trends Forecast till 2026

June 08, 2021: With reference to the report circulated by the professionals, in 2018, the scope of the global Healthcare Cloud Computing Market was expected at US$ 10.1 billion and is estimated to reach US$ 27.8 billion by the completion of the year 2026. It is expected to develop by a CAGR of 11.8% during the period of forecast.

Drivers:

Increasing demand for combined arrangement of information mainly because of upsurge in occurrence of lingering sicknesses and elderly populace are important motivators of the healthcare cloud computing industry. Growing acceptance of cloud computing software by healthcare authorities is estimated to motivate the development of the industry during the approaching years. Freshly developed cloud computing software have been expansively used in laboratories and hospitals to manage proficiently the information of the patient. Enormous managerial along with clinical data is getting produced from laboratories and hospitals every single year. It necessitates suitable software for investigation and maintenance.

Such type of necessity will increase the development of the healthcare cloud computing market during the period of forecast. Important companies of the industry have presented services and the software that permits to stockpile and join in vast data of healthcare that shows helpful for the development of the industry. Furthermore, such type of software likewise delivers easy admittance to the information of the patient that assistances healthcare specialists to take precise decisions. In addition to aforesaid aspects, acceptance of cloud computing software is greater because it increases efficiency of the hospital organization and facilitates prevention of fraud. It have to increase the development of the industry of healthcare cloud computing.

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Classification:

The global healthcare cloud computing industry can be classified by End Use, Service Model, Pricing Model, Deployment Model, Component, Application and Region. By End Use, it can be classified as: Healthcare Payers, Healthcare Providers. By Service Model, it can be classified as: Platform-as-a-service (PaaS), Software-as-a-service (SaaS), and Infrastructure-as-a-service (IaaS).By Pricing Model, it can be classified as: Spot Pricing, Pay-as-you-go. By Deployment Model, it can be classified as: Public Cloud, Private Cloud, and Hybrid Cloud. By Component, it can be classified as: Services, Software. By Application, it can be classified as: Non-Clinical Information Systems, Clinical Information Systems.

Regional Lookout:

By Region the global healthcare cloud computing market can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America ruled the general market for healthcare cloud computing in 2018, by way of a grabbing the 55.0% share of revenue. Increasing acceptance of EHRs and increasing uses of investigative IT solutions in health organization to make more efficient flow of work along with increase effectiveness of the procedures are the important issues that can be credited to the greater share of revenue.

Furthermore, progressions in substructure of healthcare IT and growth in IT initiatives by way of private companies and public are likewise clearly impacting on the development of the market for healthcare cloud computing.

Asia Pacific is expected to be the speedily developing market by means of a 13.5% CAGR. The nations for example Japan, India and China offering profitable openings. Development in elderly people, upsurge in the problem of long-lasting sickness and existence of enterprises supporting acceptance of combined healthcare arrangements are between the reasons enhancing the market. Refining substructure of healthcare within this province, by way of increasing usage of IT resolutions in medicinal arena, is estimated to motivate the healthcare cloud computing industry.

Companies:

The nature of the market is disjointed. The companies are accepting policies for example mergers & acquisitions, cooperative arrangements, regional growth, and the launching of new-fangled product to increase reasonable gain. For example, in November 2018, Ambra Health declared that the company had join forces with the Google Cloud to improve investigation on medicinal imaging information. Resourcefulness in this manner are expected to increase the development of the market for healthcare cloud computing.

Some of the important companies for healthcare cloud computing market are: Ambra Health, NTT DATA Corporation, Siemens Healthineers, Sectra AB, DICOM Grid, Inc., Care stream Corporation, Next Gen Healthcare, Cerner Corporation, Athena health, Nuance Communications, iTelagen, Inc., Merge Healthcare, INFINITT Healthcare, Dell, Inc., Clear Data Networks, and Care Cloud Corporation.

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/healthcare-cloud-computing-market

Additional notable companies are: Oracle Corporation, VMware Inc., Microsoft Corporation, IBM Corporation, All scripts Healthcare Solution Inc., Qualcomm Inc., Iron Mountain Inc., GNAX Health, EMC Corporation, Dell Inc., and Cisco System Inc.

Market Segment:

Healthcare Cloud Computing Application Outlook (Revenue, USD Million, 2014 - 2026)

• Clinical Information Systems

• Electronic Medical Records

• PACS, VNA, and Image Sharing Solutions

• Population Health Management

• Telehealth

• Laboratory Information Management Systems

• Pharmacy Information Systems

• Radiology Information Systems

• Other CIS

• Non-Clinical Information Systems

• Revenue Cycle Management

• Billing and Accounts Management

• Financial Management

• Healthcare Information Exchange

• Fraud Management

• Supply Chain Management

• Other NCIS

Healthcare Cloud Computing Deployment Model Outlook (Revenue, USD Million, 2014 - 2026)

• Private cloud

• Hybrid cloud

• Public cloud

Healthcare Cloud Computing Service Model Outlook (Revenue, USD Million, 2014 - 2026)

• Software-as-a-service

• Infrastructure-as-a-service

• Platform-as-a-service

Healthcare Cloud Computing Pricing Model Outlook (Revenue, USD Million, 2014 - 2026)

• Pay-as-you-go

• Spot Pricing

Healthcare Cloud Computing End-use Outlook (Revenue, USD Million, 2014 - 2026)

• Healthcare Providers

• Healthcare Payers

Healthcare Cloud Computing Regional Outlook (Revenue, USD Million, 2014 - 2026)

• North America

• U.S.

• Canada

• Mexico

• Europe

• UK

• Germany

• France

• Italy

• Spain

• Netherlands

• Sweden

• Denmark

• Russia

• Asia Pacific

• Japan

• China

• India

• Australia

• Singapore

• Central & South America

• Brazil

• Argentina

• Chile

• MEA

• South Africa

• KSA

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Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com