Healthcare Cloud Computing Market: May Set New Growth Story

AMINew Jersey, United States- A new informative report titled “Healthcare Cloud Computing Market Size 2021 by Key Players, Types, Applications, Forecast to 2030” has recently been published by Absolute Markets Insights to its humongous database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as COVID-19 impact analysis impacts, global market trends, recent technological advancements, market shares, size, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the Healthcare Cloud Computing market.

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United States healthcare cloud computing market was estimated to be US$ XX Mn in 2020 and is expected to reach US$ 3506.55 Mn by 2030 at a growing CAGR of XX%. Some of the players operating in the healthcare cloud computing market are athenahealth, Inc, CareCloud Corporation., Carestream Health, Cerner Corporation., ClearDATA, CLOUDMINE, INC, INFINITT HealthcareCo., LTD, amongst others.

Being a proficient and comprehensive, this Healthcare Cloud Computing market report puts a light on primary and secondary drivers, market share, leading segments, possible sales volume, and geographical analysis. This market research report contains thorough analysis of the market structure along with forecast of the various segments and sub-segments of the market. A numerous markets, marketing strategies, trends, future products and rising opportunities are taken into consideration while studying market and preparing this report. The chief areas covered in the Healthcare Cloud Computing report include market definition, market segmentation, competitive analysis and research methodology.

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Industry Trends

The cloud-based platforms enable real-time collaboration between healthcare providers that results in data management with more agility among healthcare organizations. Usage of cloud services not only contributes to faster data management but also exhibits efficient monitoring of chronic diseases. Such a factor has aided the overall market in recent past and is expected to continue the same trend over the forecast period.

The healthcare providers generate huge amount of data from various sources that commonly include radiology images, electronic medical records, lab tests, prescription information, and pharmacy sales amongst others. The volume of all these data are increasing exponentially every year owing to the changes in the payer environment. The technological advancements is also resulting in the generation of large volume of healthcare data. Patients and also common individuals are employing chronic disease monitoring devices such as glucose trackers for diabetes that results in maintaining huge amount of data by the healthcare providers. Such a factor is expected to drive the cloud computing market over the next eight years. However, Violation of patient confidentiality carries heavy fines that incur significant costs of recovery and patient notification. Such a factor is expected to critically affect the healthcare cloud computing market growth. A potential solution has been identified for the same, wherein private cloud model can be used that stores the information at the customer data center and a certain degree of confidentiality still exists for organizations to manage patient privacy.

The service segment accounted over 50% of the overall market and is expected to grow with highest CAGR of 17.6% over the forecast period. Owing to factors such as support and maintenance, training and education, installation and upgrades, the service segment is expected to witness considerable growth from 2019 to 2027.

In terms of revenue, private cloud segment accounted 52.3% in 2018 and is expected to reach USD 16,547.1 million by 2027, growing at a CAGR of 17.9% over the forecast period. Private cloud provides the control and visibility to healthcare organization over their data. The private cloud is mainly deployed within organizations security protocols. Also, on premise private cloud offers healthcare organizations options which are attractive when it comes to control the network. The method is most appropriate for large organizations that have a large base of IT staff and security expertise.

Software as a Service (SaaS) segment in healthcare cloud computing market accounted over 55% in 2018 and is expected to reach at USD 19,932.9 million by 2027. Owing to features such as cost effectiveness, security advantages, increased collaboration & mobility and scalability, the concerned applications are increasingly used by healthcare organizations in the recent past.

The clinical information system in healthcare cloud computing market is projected to witness a CAGR of 17.0% over the forecast period. The same is developed for the aim of improving the patient’s quality of care and efficiency. It reduces the chances of error and are used in various forms such as radiology information systems, electronic medical records, laboratory information systems, computerized physician order entry and pharmacy information systems. In recent years, it has been reported that clinical information system can be duly integrated with handheld devices and ambulatory care records for reviewing and collecting data, support programs and decision tools.

Healthcare providers accounted a major share in 2018 and is expected to continue the same trend over the next eight years. It has been reported in the recent years that on-demand cloud computing & storage technically reduces operational costs for clinics and hospitals. The application of cloud computing contributes to streamlined execution of job responsibilities for the providers as well as the hospital staff. This in turn enables to achieve significant cost savings. Such a factor is expected to aid the United States healthcare cloud computing market over the forecast period.

a cloud computing system is a measured service that has the ability to analyse and control resource usage in regards to the type of service provided e.g., storage and processing. Most healthcare practitioners and institutions still rely on paper medical records, thus limiting collaboration and coordination between patients and physicians. Most healthcare practitioners and institutions still rely on paper medical records, thus limiting collaboration and coordination between patients and physicians. Most healthcare practitioners and institutions still rely on paper medical records, thus limiting collaboration and coordination between patients and physicians. Most healthcare practitioners and institutions still rely on paper medical records, thus limiting collaboration and coordination between patients and physicians.

Competitive Landscape

The report provides both, qualitative and quantitative research of patient recliners market, market, as well as provides comprehensive insights and favored development methods adopted by the key contenders. The Healthcare Cloud Computing market report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies regional presence, competitors, service offerings, specification, pricing, and gross margin.

Healthcare Cloud Computing Market:

By Component

    • Software
    • Hardware
    • Services

By Deployment Mode

    • Private Cloud
    • Public Cloud
    • Hybrid Cloud
    • Community Cloud

By Pricing Models

    • Spot Pricing/Subscription Model
    • Pay-as-you-go Model

By Service Model

    • Software as a Service (SaaS)
    • Platform as a Service (PaaS)
    • Infrastructure as a Service (IaaS)

By Application

    • Clinical Information System
    • Non-Clinical Information System

By End User

    • Healthcare Providers
    • Healthcare Payers

By Region

    • North East
    • Midwest
    • South
    • West

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