Cloud Technologies in Healthcare Market Analysis | 2023-2028

"The Cloud Technologies in Healthcare Market is estimated to grow from USD 45.99 billion in 2023 to USD 102.57 billion by 2028 at a CAGR of 17.4% during the forecast period."

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Market Dynamics

Introduction

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 records of patients and helps provide improved healthcare services

Market Drivers

The growth of 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 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

"Clinical information systems segment accented to a higher market share in 2022"

The market has been segmented into clinical information systems and nonclinical information systems.

• The clinical information systems segment accented to a higher market share in 2022.
• It has been further sub-segmented into electronic medical records (EMR), pharmacy information systems (PIS), radiology information systems (RIS), picture archiving and communication systems (PACS), computerized physician order entry (CPOE), and others.

Regional Trends

"North America accounted for the largest market share in 2022"

The market in North America accounted for the largest market share in 2022 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.

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Key Players

The following are the key players in the Cloud Technologies in Healthcare Market (arranged alphabetically)

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

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most totally. The cloud technologies in healthcare market report structure have been kept such that it offer maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Technology portfolio, geographical reach, regional presence, and strategic alliances

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 to [email protected].