Healthcare Cloud Computing Market is valued at USD 48.21 Billion in 2021 and expected to reach USD 148.19 Billion by 2028 with a CAGR of 17.4% over the forecast period.
Global Healthcare Cloud Computing Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Rising adoption of big data analytics, wearable devices & IoT in healthcare, growing cloud deployment in healthcare sector, and increasing prevalence of Covid-19 patients are some of the major factors driving the growth of Global Healthcare Cloud Computing Market.
Healthcare cloud computing assists doctors and clinical staff provide patients the greatest services and communication. They can acquire tests and analysis results on the online, track treatment elements, and get notifications of any update. Cloud works with advancements that are utilized in medical services like electronic medical records, patient portals, mobile applications, gadgets with IoT, big data analytics. It gives hassle-free adaptability and flexibility, which thus further develops an ultimate decision-making process. With the assistance of cloud computing, doctors and hospitals clinics currently have the ability to increment patient commitment and give them anyplace whenever access to their clinical information, test results, and, and even doctor's notes. This gives patients more power and control, as well as makes them more taught about their medical conditions. A few advantages of the expanded utilization of cloud systems in healthcare incorporate superior security, lowered expenses, and better patient care through far off activity and cooperation. The implementation of cloud computing in medical services carried better approaches to upgrade the usefulness of IT systems.
The Covid-19 pandemic has show a positive impact on the growth of global healthcare cloud computing market. The worldwide Covid-19 pandemic has increased the demand for healthcare cloud computing as the utilization of these advancements can help in limiting the spread of the infection. Besides, it has likewise driven the healthcare solution providers to come up with high-quality services for security against the infection quickly. Organizations were additionally utilizing cloud-based data dashboards to give ongoing real-time analytics and data visualizations to track and control the spread of the virus.
Global healthcare cloud computing market is segmented on the basis of service, deployment model, application, end-user and region & country level. Based upon service, the global healthcare cloud computing market is classified into software-as-a service (SaaS), infrastructure-as-a service (IaaS), platform-as-a service (PaaS). Based upon deployment model, the market is classified into private, public and hybrid. Based upon application, the healthcare cloud computing market is classified into clinical information system and nonclinical information system. Based upon end-user, the global healthcare cloud computing market is classified into healthcare providers and healthcare payers.
The regions covered in global healthcare cloud computing market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global healthcare cloud computing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for global healthcare cloud computing market report cover prominent players like IBM Corporation, Dell, Wipro, CareCloud Corporation, ClearDATA, NetDepot.com LLC, Iron Mountain Incorporated, IBM Watson Health, Cisco Systems Inc., L.P., Microsoft, VMware, Inc., Oracle, Carestream Health, and others.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 48.21 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 148.19 Billion|
|Tables, Charts & Figures:||175|
|Healthcare Cloud Computing Companies||BM Corporation, Dell, Wipro, CareCloud Corporation, ClearDATA, NetDepot.com LLC, Iron Mountain Incorporated, IBM Watson Health, Cisco Systems Inc., L.P., Microsoft, VMware, Inc., Oracle, Carestream Health, and others.|
|Segments Covered||By Service, By Deployment Model, By Application, By End-user|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
CloudWave Launched Healthcare Cloud and Managed Services with Seven New Hospitals, Closes Best Quarter in Company History
On September 7th, 2022; CloudWave declared the organization has as of late sent off OpSus Cloud Administrations with seven extra medical services foundations — bringing its absolute number of emergency clinics and medical care associations to more than 250. CloudWave gives multi-cloud ways to deal with ensure uptime, simple access, areas of strength for and to hospital users. CloudWave OpSus Edge is infrastructure as-a- service, situated in the client's server farm, giving security, compute, backup, storage, recovery, and thorough operations and systems maintenance.
Snowflake Launched Healthcare SaaS, Data Marketplace and Consulting Services
On May 17th, 2022; Snowflake launched a cloud-based, data-sharing platform for the medical care industry that incorporates the organization's core information warehousing, analytics and business insight contributions with an data marketplace and on-request counseling services. The Medical services and Life Sciences Information Cloud stage was planned in light of the developing weight on the medical services area around the world due to the COVID-19 pandemic. The SaaS (software as a service) offering is a mixture of Snowflake's core applications and outsider services.
GE Healthcare Launched Comprehensive Digital Health Platform
On March 16th, 2022; GE Healthcare announced its goal to present the Edison Digital Health Platform, a vendor-agnostic facilitating and information collection platform with an incorporated artificial intelligence engine. The platform is being created to empower hospitals and health systems to actually convey the clinical, work process, analytics and AI devices that would uphold the improvement of care delivery, the advancement of high-effectiveness tasks.
Rising Adoption of Big Data Analytics, Wearable Devices & IoT in Healthcare, Growing Cloud Deployment in Healthcare Sector, and Increasing Prevalence of Covid-19 Patients are Some of the Major Factors Driving the Market Growth
One of the major factor driving the growth of global healthcare cloud computing market is growing adoption of big data analytics, wearable devices & IoT in healthcare. IoT in healthcare has changed the healthcare industry around the world. The IoT devices are utilized for remote checking of patients in the healthcare sector, bringing about the possibility to keep the patients protected and healthy and permitting doctors to convey best care possible. EHR is an electronic record of patient wellbeing data that incorporates essential signs, patient demographics, and progress notes, issues, past clinical history, medications, research facility information, vaccinations, and radiology reports. Likewise, wearables even send a client's health data to a doctor or other healthcare professional in real time. Hence, the developing adoption of IoT advancements and solutions in healthcare sector is expected to expand the market development over the forecast period. For example; as per Global Electronics Council, in 2019, Apple was the top player in the wearables market, contributing 29.3% of the market, and in 2020 selling 21.2 million units, out of which 4.5 million units were smartwatches.
In addition, increasing cloud deployment in healthcare sector is also supplementing the market growth. The cloud computing permits admittance to the patient data to the manufacturer of the gadgets, services suppliers, doctors and the patient. Hence, the examination of the patient information is possible from a remote location. Medical care supplier systems are hugely utilizing the cloud-based computing and cloud services as it gives a variety of advantages in contrast with different services. The integration of cloud services with healthcare systems offer security and protection for health data with data encryption and fine-grained admittance controls and access logging. Therefore, the rising implementation of cloud computing across the healthcare sector also drives cloud computing market growth. For example; in September 2021, MetaCell presented another product, """"MetaCell Cloud Hosting,"""" that gives progressed cloud computing solutions explicitly intended for life science and medical care associations to work with research and development.
Furthermore, increasing prevalence of Covid-19 patients is also fostering the market growth. The advantages of cloud computing were felt during the Coronavirus pandemic when there was a deficiency of medical care laborers, mass lockdowns, and an absence of coordination between healthcare services. For instance; in May 2020, the Oklahoma State Department of Health launched a mobile application that permits medical care laborers to engage remotely with at-risk residents who might have been presented to the Coronavirus infection. The application, which Google and MTX Gathering mutually created, utilizes Google Cloud to empower the state to rapidly contact residents who report Coronavirus side effects and send them to testing sites.
However, growing data security & privacy concerns may hamper the global healthcare cloud computing market growth. In spite of that, emergence of telecloud & telehealth consultations can provide various opportunities for the further growth of the global healthcare cloud computing market.
North America is Anticipated to Dominate the Global Healthcare Cloud Computing Market
North America is expected to dominate the global healthcare cloud computing market within the forecast period due to the increasing Covid-19 cases, growing technological advancements and presence of key players in this region. Increasing cases of Covid-19 raise the demand of healthcare cloud computing in North America. For example; according to the World Health Organization (WHO); from 3rd January 2020 to 13th September 2022, there have been 94,001,259 confirmed cases of Covid-19 with 1,039,578 deaths in United States. Also, presence of key players also drives the market growth in this region. For example; in January 2022, Francisco Accomplices signed an arrangement with IBM to get healthcare data and analytics resources from IBM that are as of now part of the Watson Wellbeing business, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging programming offerings.
Asia Pacific is anticipated to grow at a faster pace in global healthcare cloud computing market due to the growing adoption of wearables in healthcare sectors and developing healthcare infrastructure in the region.
By Deployment Model
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