Top companies profiled in this healthcare cloud computing market report are Allscripts Healthcare Solution Inc., Amazon Inc., athenahealth Inc., Cisco Systems Inc., Dell Inc., EMC Corp., GNAX Health, IBM Corp., Iron Mountain Inc., Microsoft Corp., Oracle Corp., Qualcomm Inc., and VMware Inc., NTT DATA Corporation (Japan), DXC Technology Company (US), Fujifilm Holdings Cooperation (Japan), and Dell Technologies, Inc. (US).
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of healthcare cloud computing are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new healthcare cloud computing. These factors have benefited the growth of the global market for healthcare cloud computing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global healthcare cloud computing industry is not an exception.
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New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for healthcare cloud computing. The global healthcare cloud computing market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
The global Healthcare Cloud Computing Market is estimated to grow at CAGR above 14 % over the forecast time frame 2019- 2026 and reach the market value around USD 40 billion by 2026.
This report researches the worldwide Healthcare cloud computing market size (value, capacity, production and consumption) by manufacturers, regions, type and application, history breakdown data from 2015 to 2018, and forecast to 2026.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Healthcare cloud computing in these regions, from 2015 to 2026.
This study categorizes the global Healthcare cloud computing breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The world healthcare cloud computing market is segmented into service, cloud type, application, end user, and geography. The service-based healthcare cloud computing market consists of infrastructure as a service, platform as a service, and software as a service. Based on cloud deployment model, the market is segmented into public, private, and virtual private cloud. On the basis of application, the market is segmented into the clinical information system and non-clinical information system. Clinical information system is further sub-segmented into computerized physician order entry, electronic medical records, radiology information system, and others. The non-clinical information system is further segmented into automatic patient billing, revenue cycle management claims management, and others. The market is segmented into healthcare providers and healthcare payers by end users.
The worldwide cloud computing market is expected to expand substantially as a result of favorable regulation, increased healthcare investments, a widespread use of high-speed internet, government organizations, increased public awareness, increased demand for regulatory adherence, new models of payments and patient-care implementation data privacy issues, the increasing number of cloud data violations, and data portability complications are the restriction factors for the global health cloud computing market. In the global healthcare cloud computing market, responsible health organizations develop opportunities for cloud and telecloud healthcare to create opportunities for cloud computing. The current trend in this market is to increase cloud computing for telemedicine.
Clinical information system comprises pharmacy, computerized physician ordering, radiology, electronic health records and other information systems. Non-clinical information system covers management of the income cycle, the automatic billing of the patient, claims and others. The market is ranked in health care providers and healthcare providers on the basis of the end user application. The dominant segment in the global healthcare cloud computing market is the non-clinical information system. The electronic medical record system is the dominant segment in the clinical information system.
Services segment was valued more than USD 15 billion in 2018, owing to development in healthcare cloud computing software that can address a wide array of issues ranging from data storage to data management. Continuous demand for services such as installation, maintenance, training, education and consulting will propel segmental business. Additionally, growing adoption of e-prescribing, EHR systems and EMR systems for analyzing patient information, managing big data and providing accurate outcomes will substantially spur revenue size during the forthcoming years.
Clinical information systems segment of healthcare cloud computing market accounted for over 62 percent revenue share in 2018. Segment growth is attributed to the growing disease burden worldwide. Rapidly aging population susceptible to various diseases will further increase the volume of patient data, thus, will surge demand for clinical information systems. Moreover, high adoption of these systems in critical care such as ICUs for efficient management of patient data will positively impact segmental growth. Huge demand for clinical information systems from hospitals and healthcare providers will accelerate segment growth over the analysis period.
Private cloud segment of healthcare cloud computing market is anticipated to witness around 15.7 percent CAGR over the forecast timeline. Segment growth is attributed to inclination towards private cloud due to its benefits such as data protection and customization of the cloud environment. Private cloud models are owned by a single organization and offer more control over data storage and its accessibility to users, thus, should boost business growth. However, high cost associated with private cloud may impede segment growth in developing as well as in under-developed economies.
Hospitals segment held more than 22 percent revenue share in 2018, owing to the increasing number of patient visits in hospital. Rising prevalence of chronic diseases and a growing number of surgeries being performed in hospital settings will surge the demand for patient data storage. Such factors should foster the adoption of cloud computing in hospitals, thereby augmenting segmental growth.
- Infrastructure as a service (Iaas)
- Platform as a service (Paas)
- Software as a service (Saas)
By Cloud deployment model
- Virtual Private Cloud
- Clinical Information System
- A) Computerized Physician Order Entry
- B) Electronic Medical Records
- C) Radiology Information System
- D) Pharmacy Information System
- E) Others
- Non-clinical Information System
- A) Automatic Patient Billing
- B) Revenue Cycle Management
- C) Claims Management
- D) Others
By End users
- Healthcare providers
- Healthcare payers
- North America
- United Kingdom
- South Africa
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Associate Editor, and publications in international refereed journals and presented most of them in international conferences in the fields of Applied Multivariate Statistics, Mortality, Social Science, Economics.