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What's driving the Healthcare Cloud Computing Market is set to trends? Key Players are Cisco, Carestream Health, Athenahealth, IBM, EMC, Oracle, Carecloud, Cleardata, GNAX Health and Merge Healthcare

04-06-2020 02:23 PM CET | IT, New Media & Software

Press release from: marketstudyreport.com

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What's driving the Healthcare Cloud Computing Market is set

This Global Healthcare Cloud Computing report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Hospitals segment was valued around 4 billion in 2018 and will grow significantly during the forecast timeframe. Digital transformation in hospitals through cloud computing will provide better health initiatives that will favor segment growth. Further, hospitals can begin to lay work for IoT technologies and improved data analytics for improved approach among the patients thus, should boost industry growth.

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Increasing adoption of cloud computing software in laboratories and hospitals will drive healthcare cloud computing market growth over the coming years. Healthcare cloud computing software tracks patient specific health information for betterment of lives that should boost business growth. Every year numerous amount of administrative and clinical data is obtained from laboratories and hospitals that needs specific software for further health analysis. Thus, growing demand for healthcare cloud computing will further surge revenue size during the forecast timeline. Moreover, rising expense on cloud computing in hospitals should favor healthcare cloud computing industry growth. Healthcare Cloud Computing Market will exceed USD 55 billion by 2025; as per a new research report.

Rising adoption of digital modernization along with electronic medical records, on the verge of digital transformation in the healthcare industry is highly adopting information centric model. Such software enhances real time data collection that improves more accessibility to data by providing more efficiency and boosts data handling speed. However, concerns over data privacy and security may hold back the business growth.

Clinical information systems segment is estimated to show over 15% CAGR by 2025. Rising demand for evaluating and maintaining raw data generated from physicians will further lead to segment growth. Increase in the demand for health information system that should positively impact the segmental growth.

North America healthcare cloud computing market will witness over 15% CAGR over the coming years. Growing technological advancements along with rising healthcare expenditures will foster regional growth. The requirement to reduce cost in healthcare industry will further drive North America healthcare cloud computing industry growth.
Few of the prominent players have introduced specific software that results in easy access to patient data helping healthcare professionals to make corrective and definite actions. As the adoption rate of cloud computing software continues to escalate in diagnostic & imaging hospitals and ambulatory centers this will augment healthcare cloud computing business growth in foreseeable future. Increasing awareness regarding availability of technologically upgraded healthcare cloud computing software in developed and developing economies will boost business growth.
Software segment was valued around 4.5 billion in 2018 and should witness similar growth trend over the coming years. Advancement in technology and advantages associated with software upgradation drives segment growth. Advantages include reducing operational costs by robust auto-updating mechanism and helping healthcare providers to invest in best treatment decisions should boost business growth.

Public cloud segment will witness more than 15.5% CAGR over the forecast timeframe. The segment growth is attributable to various benefits offered such as scalability, agility and cost savings that drives preference for public cloud thereby, will foster segmental growth.

Few market players in the healthcare cloud computing market include Cisco, Carestream Health, Athenahealth, IBM, EMC, Oracle, Carecloud, Cleardata, GNAX Health and Merge Healthcare. Major industry competitors adopt numerous strategic initiatives that include acquisitions and new product launch enabling them to sustain market competition. For instance, in September 2018, Carestream collaborated with Intel this collaboration has expanded the capabilities with advances that simplify radiology reading process while simultaneously optimizing quality of radiology reporting. In September 2018, Carestream is continuously adding new cloud-based data centers around the world with most recent one in 2018 in China thus, expanding company?s geographic reach.

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Report Content:

Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Healthcare Cloud Computing industry 360 degree synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Component trends
2.1.4. Deployment trends
2.1.5. End-use trends
2.1.6. Regional trends
Chapter 3. Healthcare Cloud Computing Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing adoption of cloud computing software by healthcare professionals
3.3.1.2. Increasing awareness regarding availability of technologically upgraded healthcare cloud computing software in developed economies
3.3.1.3. Favorable regulatory scenario
3.3.1.4. Rising government initiatives that support data safety and integrity
3.3.2. Industry pitfalls & challenges
3.3.2.1. Data safety concerns associated with the cloud computing software
3.4. Growth potential analysis
3.4.1. By application
3.4.2. By component
3.4.3. By deployment
3.4.4. By end-use
3.5. Porter's analysis
3.6. Industry trends
3.7. Healthcare cloud computing ecosystem
3.8. Health cloud computing SWOT analysis
3.9. Healthcare supply chain management
3.10. Regulatory scenario
3.11. Technology landscape
3.12. Competitive landscape, 2017
3.12.1. Strategy dashboard
3.13. PESTEL analysis
Chapter 4. Healthcare Cloud Computing Market, By Application
4.1. Key segment trends
4.2. Clinical information systems
4.2.1. Market size, by region, 2014-2025 (USD Million)
4.2.2. Health information system
4.2.2.1. Market size, by region, 2014-2025 (USD Million)
4.2.3. Telehealth
4.2.3.1. Market size, by region, 2014-2025 (USD Million)
4.2.4. Picture archiving & communication system (PACS)
4.2.4.1. Market size, by region, 2014-2025 (USD Million)
4.2.5. Pharmacy information systems
4.2.5.1. Market size, by region, 2014-2025 (USD Million)
4.2.6. Laboratory information management system
4.2.6.1. Market size, by region, 2014-2025 (USD Million)
4.2.7. Radiology information systems
4.2.7.1. Market size, by region, 2014-2025 (USD Million)
4.2.8. Computerized physician order entry (CPOE)
4.2.8.1. Market size, by region, 2014-2025 (USD Million)
4.2.9. Ambulatory or outpatient CIS
4.2.9.1. Market size, by region, 2014-2025 (USD Million)
4.2.10. Others
4.2.10.1. Market size, by region, 2014-2025 (USD Million)
4.3. Nonclinical Information Systems
4.3.1. Market size, by region, 2014-2025 (USD Million)
4.3.2. Revenue Cycle Management
4.3.2.1. Market size, by region, 2014-2025 (USD Million)
4.3.3. Supply Chain Management Solutions
4.3.3.1. Market size, by region, 2014-2025 (USD Million)
4.3.4. Others
4.3.4.1. Market size, by region, 2014-2025 (USD Million)
Chapter 5. Healthcare Cloud Computing Market, By Component
5.1. Key segment trends
5.2. Services
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.2.2. Software as a Service (SaaS)
5.2.2.1. Market size, by region, 2014-2025 (USD Million)
5.2.3. Infrastructure as a Service (IaaS)
5.2.3.1. Market size, by region, 2014-2025 (USD Million)
5.2.4. Platform as a Service (PaaS)
5.2.4.1. Market size, by region, 2014-2025 (USD Million)
5.3. Software
5.3.1.1. Market size, by region, 2014-2025 (USD Million)
Chapter 6. Healthcare Cloud Computing Market, By Deployment
6.1. Key segment trends
6.2. Public cloud
6.2.1. Market size, by region, 2014-2025 (USD Million)
6.3. Private cloud
6.3.1. Market size, by region, 2014-2025 (USD Million)
6.4. Others
6.4.1. Market size, by region, 2014-2025 (USD Million)

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