
Healthcare Cloud Computing Market by Product (EHR, VNA, RIS, LIS, RCM), Deployment (Private, Public), Component (Software, Service), Pricing (Spot), Service Model (SaaS, IaaS, PaaS), End User (Provider (Hospital), Payer) - Global Forecast to 2029
Description
Healthcare Cloud Computing Market by Product (EHR, VNA, RIS, LIS, RCM), Deployment (Private, Public), Component (Software, Service), Pricing (Spot), Service Model (SaaS, IaaS, PaaS), End User (Provider (Hospital), Payer) - Global Forecast to 2029
The global healthcare cloud computing market is projected to reach USD 120.6 billion by 2029 from USD 53.8 billion in 2024, at a high CAGR of 17.5% during the forecast period. The market's growth is boosted by an increasing adoption of Electronic Health Records (EHR), e-prescribing, telehealth, and mobile health (mHealth) solutions that have been accelerated due to the pandemic, which necessitated remote and efficient healthcare delivery systems. Nevertheless, refrains such as a data privacy and security, regulatory clearance to somewhat impede the market's growth.
“In 2023, healthcare provider solutions constituted the largest segment in the healthcare cloud computing market, by product.”
In 2023, the healthcare provider segment represented the largest share of the healthcare cloud computing market, by product. This growth is primarily driven by the increased adoption of various health IT solutions, including EHR, e-prescribing, telehealth, and mHealth, spurred by the pandemic. Hospitals, clinics, and specialty care centers manage vast amounts of sensitive patient data, including electronic health records (EHRs), medical imaging, and real-time patient monitoring data, all of which demand robust, scalable, and secure storage and processing capabilities. Cloud computing offers these providers enhanced data storage, easier access to information, improved interoperability among disparate systems, and advanced analytics capabilities.
“In 2023, the healthcare providers segment held the largest market share among end users.”
In 2023, the healthcare providers segment captured the largest share of the healthcare cloud computing market, by end user. This dominance is primarily due to the ability of large hospitals to invest in costly and advanced technologies, leading to higher adoption rates of cloud computing solutions. Additionally, the growing number of patients and hospitals, combined with the significant purchasing power of these institutions, further supports the growth of this end user segment.
“In 2023, North America was the largest regional market for healthcare cloud computing market.”
In 2023, North America held the largest share of the healthcare cloud computing market. This dominance can be attributed to technological advancements and government initiatives such as those by Medicaid and Medicare, among other factors. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. Contributing factors include increasing digitalization, the rise of medical tourism, and the implementation of new ICT guidelines in Japan.
The break-down of primary participants is as mentioned below:
By Company Type - Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%
By Designation - C-level: 42%, Director-level: 31%, and Others: 27%
By Region - North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%
Key Players in the Healthcare Cloud Computing Market
The key players functioning in the Healthcare cloud computing market include Amazon Web Services, Inc. (US), Microsoft Corporation (US), Google, Inc. (US), athenahealth. Inc. (US), CareCloud, Inc. (US), Siemens Healthineers AG (Germany), eClinicalWorks (US), Koninklijke Philips N.V. (Netherlands), and Veradigm (US).
Research Coverage:
The report analyses the healthcare cloud computing market. It aims to estimate the market size and future growth potential of various market segments based on product, component, service model, pricing model, deployment model, end-user, and region. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
This report will enrich established firms and new entrants/smaller firms to gauge the market's pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (The surging popularity of health IT solutions like EHRs, e-prescribing, and telehealth platforms), restraints (Rising data security and privacy concerns), opportunities (The rise of telecloud and telehealth consultations), and challenges (Increasing challenges with interoperability and portability) influencing the growth of the healthcare cloud computing market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the healthcare cloud computing market.
Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.
Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the healthcare cloud computing market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the healthcare cloud computing market like Amazon Web Services, Inc. (US), Microsoft Corporation (US), Google, Inc. (US), athenahealth. Inc. (US), CareCloud, Inc. (US), Siemens Healthineers AG (Germany), eClinicalWorks (US), Koninklijke Philips N.V. (Netherlands), and Veradigm (US).
Table of Contents
573 Pages
- STUDY OBJECTIVES
- MARKET DEFINITION
- MARKET SCOPE
- STAKEHOLDERS
- SUMMARY OF CHANGES
- RECESSION IMPACT
- RESEARCH DATA
- MARKET SIZE ESTIMATION
- MARKET BREAKDOWN AND DATA TRIANGULATION
- MARKET SHARE ESTIMATION
- RESEARCH ASSUMPTIONS
- LIMITATIONS
- RISK ASSESSMENT
- RECESSION IMPACT ANALYSIS
- EXECUTIVE SUMMARY
- HEALTHCARE CLOUD COMPUTING MARKET OVERVIEW
- ASIA PACIFIC: HEALTHCARE CLOUD COMPUTING MARKET, BY PRODUCT AND COUNTRY (2024)
- GEOGRAPHIC GROWTH OPPORTUNITIES
- REGIONAL MIX OF HEALTHCARE CLOUD COMPUTING MARKET
- INTRODUCTION
- MARKET DYNAMICS
- INDUSTRY TRENDS
- TECHNOLOGY ANALYSIS
- TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
- VALUE CHAIN ANALYSIS
- ECOSYSTEM ANALYSIS
- PORTER’S FIVE FORCES ANALYSIS
- KEY STAKEHOLDERS AND BUYING CRITERIA
- KEY CONFERENCES & EVENTS, 2024-2025
- PRICING ANALYSIS
- REGULATORY LANDSCAPE
- PATENT ANALYSIS
- CASE STUDY ANALYSIS
- END-USER ANALYSIS
- INVESTMENT AND FUNDING SCENARIO
- INTRODUCTION
- HEALTHCARE PROVIDER SOLUTIONS
- HEALTHCARE PAYER SOLUTIONS
- INTRODUCTION
- SERVICES
- SOFTWARE
- INTRODUCTION
- PRIVATE CLOUD
- HYBRID CLOUD
- PUBLIC CLOUD
- INTRODUCTION
- PAY-AS-YOU-GO PRICING MODEL
- SUBSCRIPTION-BASED PRICING MODEL
- INTRODUCTION
- SOFTWARE-AS-A-SERVICE
- INFRASTRUCTURE-AS-A-SERVICE
- PLATFORM-AS-A-SERVICE
- INTRODUCTION
- HEALTHCARE PROVIDERS
- HEALTHCARE PAYERS
- INTRODUCTION
- NORTH AMERICA
- EUROPE
- ASIA PACIFIC
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- INTRODUCTION
- KEY PLAYER STRATEGIES/RIGHT TO WIN
- REVENUE ANALYSIS
- MARKET SHARE ANALYSIS
- COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- COMPANY VALUATION & FINANCIAL METRICS
- BRAND/PRODUCT COMPARISON
- COMPETITIVE SCENARIO
- KEY PLAYERS
- START-UP/SME PLAYERS
- DISCUSSION GUIDE
- KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
- CUSTOMIZATION OPTIONS
- RELATED REPORTS
- AUTHOR DETAILS
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.