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    Cloud Technologies In Healthcare Market Report

    Cloud Technologies In Healthcare Market Report
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    Global Cloud Technologies in Healthcare Market, Dynamics, and Market Analysis
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    Impact of COVID-19 on Cloud Technologies In Healthcare Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Cloud Technologies In Healthcare Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Cloud Technologies in Healthcare Market is expected to grow from USD 28.1 billion in 2020 to USD 73.1 billion by 2026 at a CAGR of over 17.6% during the forecast period.

    Figure: Global Cloud Technologies in Healthcare Market Size, 2020-2026 (USD Billion)

    Cloud-Technologies-in-Healthcare-Market-Forecast

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    What is Cloud Technology?

    Cloud Technology is defined as providing computing services including storage, servers, databases, analytics, software, networking, and intelligence over the internet through different web-based tools with pay-as-you-go pricing. It offers innovation, flexible resources, and economies of scale. It provides easy access to the medical record of patients and helps provide improved healthcare services.

    Key Players

    Key players operating in the global Cloud Technologies in Healthcare Market are-

    • Athenahealth, Inc. (The U.S),
    • CareCloud Corporation (The U.S),
    • VMware, Inc. (The U.S),
    • Merge Healthcare, Inc. (The U.S),
    • IBM Coeporation (The U.S),
    • ClearData Networks, Inc. (The U.S),
    • Carestream Health (The U.S),
    • Lexmark International, Inc. (The U.S),
    • NTT Data Corp. (Japan), and
    • Iron Mountain, Inc. (The U.S).

    Market Dynamics

    The growth of the global cloud technologies in the healthcare market is primarily driven by the increasing usage of cloud-based solutions by healthcare providers to improve healthcare services.

    • A vast amount of data is generated in the hospitals through sources such as electronic health records, pharmacy sales, lab tests, and insurance claim data.
    • This has resulted in an increased need for computing power and IT bandwidth to manage the data effectively.
    • Increasing collaborations by the market players with hospitals are also expected to add to the market growth significantly.
    • Furthermore, the growing adoption of data analytics in hospitals to provide improved healthcare services is projected to create significant growth opportunities for the players operating in the global market over the forecast period.

    Segment Analysis

    Application Trends

    Based on application, the market has been segmented into clinical information systems and nonclinical information systems.

    • The clinical information systems segment accented for the higher market share in 2020.
    • It has been further sub-segmented into electronic medical records (EMR), pharmacy information system (PIS), radiology information system (RIS), picture archiving and communication system (PACS), computerized physician order entry (CPOE) and others.

    Regional Trends

    Geographically, the market in North America accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period owing to the increasing adoption of technologically advanced healthcare solutions and increasing investment in R&D activities in the healthcare sector.

    The market in the Asia-Pacific region is projected to register the fastest growth during the review period on account of increasing investment in the development of advanced healthcare infrastructure and government support to promote the usage of advanced technologies in the healthcare sector.

    COVID-19 Impact on Global Cloud Technologies in Healthcare Market

    Covid-19 outbreak impacted the growth of the artificial intelligence in healthcare market positively as there was shortage of skilled workers in some healthcare organizations and it helped provide virtual assistance to the patients and also healthcare professionals in surgeries.

    Critical Questions Answered in the Report

    • What are the key trends in the global Cloud Technologies in Healthcare market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global Cloud Technologies in Healthcare market?
    • What are the key strategies adopted by the major vendors to lead in the global Cloud Technologies in Healthcare market?
    • What is the market share of the top vendors?

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    Target Audience

    • Cloud technologies in healthcare manufacturers
    • Cloud technologies in healthcare suppliers
    • Cloud technologies in healthcare distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The cloud technologies in the healthcare market is expected to witness an impressive growth of 17.6% CAGR in the foreseeable future.

    Athenahealth, Inc. (The U.S), CareCloud Corporation (The U.S), VMware, Inc. (The U.S), Merge Healthcare, Inc. (The U.S), IBM Coeporation (The U.S), ClearData Networks, Inc. (The U.S), Carestream Health (The U.S), Lexmark International, Inc. (The U.S), NTT Data Corp. (Japan) and Iron Mountain, Inc. (The U.S) are among the key players in the cloud technologies in healthcare market.

    The cloud technologies in healthcare market size is expected to reach USD 73.1 billion in the coming years.

    North America is expected to remain dominant in the cloud technologies in healthcare market during the forecast period.

    Asia-pacific is expected to register the fastest growth in the cloud technologies in healthcare market in the coming years.

    The clinical information systems segment accented for the highest share in the cloud technologies in healthcare market in 2020.

    Cloud technologies in healthcare manufacturers, Cloud technologies in healthcare suppliers, Cloud technologies in healthcare distributors, Organizations, Government bodies are the target audience in the cloud technologies in healthcare market.

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