Healthcare Cloud Computing Market to Hit 18.2% Growth Rate, led by PACS, EMR/HER, VNA, PHM and RECM by 2023
PUNE, India, August 6, 2018
PUNE, India, August 6, 2018 /PRNewswire/ --
ReportsnReports added healthcare cloud computing market research with players like CareCloud Corporation (US), ClearData Networks Inc. (US), Athenahealth (US), Cerner Corporation (US), Epic Systems Corporation (US), NextGen Healthcare (US), Carestream Corporation (Canada), Dell Inc. (US), DICOM Grid Inc. (US), INFINITT Healthcare (South Korea), Sectra AB (Sweden), Merge Healthcare Inc. (US), Siemens Healthineers (Germany), iTelagen Inc. (US), NTT DATA Corporation (Japan), Nuance Communications (US), and Ambra Health (US).
Browse 109 Market Data Tables and 44 Figures spread through 181 Pages and In-depth TOC on "Healthcare Cloud Computing Market by Application (EMR/HER, PACS, VNA, PHM, RECM), Service (SaaS, IaaS), Deployment (Private Cloud, Hybrid Cloud), Pricing (Pay as you go), Component (Software), End User (Healthcare Provider) - Global Forecast to 2023" at https://www.reportsnreports.com/reports/173481-healthcare-cloud-computing-clinical-emr-saas-private-public-hybrid-market-global-trends-challenges-opportunities-forecasts-2012-2017.html .
The global healthcare cloud computing market is projected to USD 44.93 billion by 2023 from an estimated USD 19.46 billion in 2018, at a CAGR of 18.2% during the forecast period. The growth of this market is majorly driven by factors such as increasing adoption of big data, wearable devices, and IoT in healthcare; advantages of cloud usage.
- Healthcare IT Providers
- Healthcare insurance companies/payers
- Healthcare institutions/providers (hospitals, medical groups, physician practices, diagnostic centers, and outpatient clinics)
- Research and development companies
- Government bodies and municipal corporations
- Business research and consulting service providers
- Venture capitalists
Geographic segments in healthcare cloud computing report include North America, Europe, Asia Pacific, and the RoW. North America is expected to account for the largest share of the market in 2018. The large share of this region can primarily be attributed to the increasing adoption of EHRs among medical professionals and active participation by private sector players in the development of the healthcare industry in that region.
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North America accounted for the largest share of the global healthcare cloud computing market, followed by Europe, Asia, and the Rest of the World (RoW). In the coming years, the healthcare cloud computing market is expected to witness the highest growth rate in North America, with emphasis on the U.S.
The market for healthcare cloud computing in the U.S.is expected to rise due to increased insurance enrollment triggered by the Patient Protection and Affordable Care Act (March 2010), inadequate IT infrastructure among payers, and conference, symposia, and seminars conducted on cloud computing in the U.S.
Healthcare Cloud Computing Market, By Application
2 Clinical Information Systems
3 Electronic Medical Records
5 Radiology Information Systems
6 Laboratory Information Management Systems
7 Pharmacy Information Systems
The healthcare cloud computing market is categorized into private cloud, hybrid cloud, and public cloud models. The hybrid cloud is expected to register the highest CAGR during the forecast period. This can primarily be attributed to the growing demand for hybrid cloud solutions as they offer advantages of public as well as private clouds.
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Concerns over data security and privacy and the tedious task of migration from legacy systems are expected to limit the market growth to a certain extent during forecast period. In various countries, patient information has been under the scanner of legal frameworks. For instance, data privacy requirements are legislated through HIPAA (Health Insurance Portability and Accountability Act) privacy rules in the US. Similarly, the European Union has several directives pertaining to data protection.
Another research titled report studies global healthcare blockchain market is expected to reach USD 829.0 million by 2023 from USD 53.9 million in 2018, at a CAGR of 72.8%. The increasing incidence of healthcare data breaches, rising threat of counterfeit drugs, increasing adoption of blockchain as a service (BaaS). Prominent players in this market are IBM (US), Microsoft (US), Guardtime (Estonia), PokitDok (US), Gem (US), Chronicled (US), iSolve (US), Hashed Health (US), Patientory (US), Factom (US), Proof.Work (UK), SimplyVital Health (US), FarmaTrust (UK), Blockpharma (France), and Medicalchain (UK) and it is now available with discount at https://www.reportsnreports.com/contacts/discount.aspx?name=1575870 .
Explore More Reports on Healthcare Market Research at https://www.reportsnreports.com/market-research/healthcare/ .
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