Cloud Computing in Healthcare Market to be dominated by Clinical Information Systems segment through 2026
Increasing demand for
telemedicine and personalized healthcare treatment is expected to drive the demand
for global Cloud Computing in healthcare market in the forecast period.
According to TechSci Research report, “Cloud
Computing in Healthcare Market - Global Industry Size, Share, Trends,
Opportunity and Forecast, 2016-2026Segmented By Application (Clinical Information Systems
(PACS, RIS, LIS, EHR/EMR, Others), Non-Clinical Information Systems (APB, RCM,
HIE, Financial Management Solutions, Others)), By Deployment Type (Public
Cloud, Private Cloud, Hybrid Cloud), By Service Type (Infrastructure as a
Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By
End Users (Healthcare Providers, Healthcare Payers) and By Region”, the global Cloud Computing in healthcare market is
expected to grow at a rate of steady CAGR for the forecast period, 2022-2026.
Cloud computing employs a remote server for storage, maintenance, processing of
healthcare-related data, and this facility can be accessed by an internet
facility. The adoption of cloud computing in healthcare aims to provide
patients with improved quality, safety, and efficient medical services. It also
helps in the maintenance of patient safety and privacy and increases the
interaction between patients and healthcare professionals. Cloud computing in
healthcare provides enhanced data security and reduces the data storage cost,
which reduces the maintenance cost of healthcare facilities.
However, issues related to data privacy and the
complications in data portability may restrain the global Cloud Computing in
healthcare market growth for the forecast period.
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Global
Cloud Computing in healthcare market is segmented into application, deployment
type, service type, end users, regional distribution, and company. Based on
application, the market is bifurcated into clinical information systems and
non-clinical information systems. The clinical information systems are expected
to account for major market share for the forecast period, 2022-2026. The
clinical information system segment is divided into PACS, RIS, LIS, EHR/EMR,
and others, while non-clinical information systems are divided into APB, RCM,
HIE, financial management solutions, and others. The surge in demand for
advanced tools for digitizing clinical functions data management and the need
to store and integrate the healthcare data is expected to drive the segment's
demand for the next five years. Based on service type, the market is divided
into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software
as a Service (SaaS). The Software as a Service segment is expected to dominate
the market for the next five years. Healthcare services actively indulge in
providing digital services to patients by providing improved access of
healthcare professionals to patients. Reduction in the cost of ownership and
security along with faster deployment rate influences the demand of the
segment. The surge in the use of wearable medical devices owing to the rise in
patient awareness and the need for real-time analysis and monitoring to improve
an individual's health is expected to accelerate the demand of the segment.
Based on deployment type, the market is divided into public cloud, private
cloud, and hybrid cloud. The private cloud segment is expected to hold a significant
market share for the predicted period. The private cloud offers direct control
over the data stored in the healthcare facilities, which facilitates the
deployment of own applications and adherence to the compliance issues.
IBM
Corporation, Amazon Web Services, Oracle Corporation, DXC Technology, Microsoft
Corp., Cisco Systems Inc., VMware Inc., Dell Inc., Iron Mountain Inc., Siemens
Healthineers, GE healthcare, Optum, Inc., Koninklijke Philips NV, Allscripts
Healthcare Solutions are the leading players operating in global Cloud
Computing in healthcare market. Service providers are increasingly focusing on research
and development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several Cloud
Computing in healthcare service providers are coming up with their
technologically advanced offerings.
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“The
hospital end user is dominating the global cloud computing in healthcare market
and is expected to maintain its dominance for the forecast period. Generation
and management of a huge amount of information, multi-functionality, and
large-scale operations are the contributing factors fueling the adoption of cloud
computing services in healthcare facilities. The rise in the number of hospital
admissions, adoption of advanced infrastructure and technology such as big
data, the internet of things, and others are expected to propel the global
cloud computing in healthcare market till 2026” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Cloud Computing in
Healthcare Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026
Segmented By Application
(Clinical Information Systems (PACS, RIS, LIS, EHR/EMR, Others), Non-Clinical
Information Systems (APB, RCM, HIE, Financial Management Solutions, Others)),
By Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service Type
(Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as
a Service (SaaS)), By End Users (Healthcare Providers, Healthcare Payers) and
By Region” has evaluated the future growth potential of global Cloud
Computing in healthcare market and provided statistics & information on
market size, shares, 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 the
of global Cloud Computing in healthcare market.
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