Healthcare Cloud Computing Market by Product (EMR/EHR, VNA, RIS, LIS, PIS), Deployment (Private Cloud, Hybrid Cloud, Public Cloud), Component (Software, Services), Pricing (Spot Pricing), Service (SaaS, IaaS, PaaS), End User - Global Forecasts to 2027

Healthcare Cloud Computing Market by Product (EMR/EHR, VNA, RIS, LIS, PIS), Deployment (Private Cloud, Hybrid Cloud, Public Cloud), Component (Software, Services), Pricing (Spot Pricing), Service (SaaS, IaaS, PaaS), End User - Global Forecasts to 2027

The global Healthcare cloud computing market is projected to reach USD 89.4 billion by 2027 from USD 39.4 billion in 2022, at a CAGR of 17.8%. The factors driving the market are adoption of technologies like telehealth, EHR, big data analytics, IoT, cloud computing,m health, wearlable devices, etc.

“The healthcare provider solutions was the largest segment in the healthcare cloud computing market in 2021.”

The healthcare provider segment accounted for the larger share of 79.2% of the healthcare cloud computing market in 2021. The growing adoption of various health IT solutions such as EHR, e-prescribing, telehealth, mHealth, and others due to COVID-19 is one of the key factors contributing to the growth of this segment.

“Among end users, the healthcare providers segment accounted for the largest market share in 2021.”

In 2021, the healthcare providers segment accounted for the largest share of the healthcare cloud computing market. One of the main contributing factors is the capability of large hospitals to invest in expensive and sophisticated technologies, owing to which the adoption of healthcare cloud computing solutions is higher in hospitals. The increasing number of patients and hospitals alongside the strong purchasing power of hospitals, are other factors supporting the growth of this end user segment.

“In 2021, North America accounted for the largest regional market for healthcare cloud computing market“

In 2021, North America accounted for the largest share of 62.6% of the healthcare cloud computing market. This can be attributed to advancements in technology, and government initiatives by Medicaid & Medicare, among other factors.

The Asia Pacific region is expected to be the fastest growing region in the forecast period, at a CAGR of 22.4%. The growing digitalization in Asia, growing medical tourism, and implementation of new ICT guidelines in Japan, are some of the factors contributing to this growth.

A breakdown of the primary participants referred to for this report is provided below:

By Company Type (Supply-side): Tier 1: 40%, Tier 2: 30%, and Tier 3: 30%

By Designation: C-level: 27%, Director-level: 18%, and Others: 55%

By Region: North America: 50%, Europe: 20%, Asia-Pacific: 15%,Latin America: 10%, and Middle east & Africa: 5%

Key players offering healthcare cloud computing products in this market include Amazon Web Services, Inc. (US), Microsoft Corporation (US), International Business Machines Corporation (US), athenahealth. Inc. (US), CareCloud, Inc. (US), Siemens Healthineers AG (Germany), eClinicalWorks (US), Koninklijke Philips N.V. (Netherlands), and Allscripts Healthcare Solutions, Inc. (US).

Research Coverage:

The report analyzes the healthcare cloud computing market and aims at estimating themarket size and future growth potential of this market based on various segments such as product, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.

Reasons to Buy the Report

The report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would helpthemgarner a greater share. Firms purchasing the report could use one, or a combination of the belowmentioned five strategies.

This report provides insights into the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the healthcare cloud computing market. The report analyzes the market based on the products, and region.

Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the healthcare cloud computing market.

Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various types of healthcare cloud computing solutionsacross regions.

Market Diversification: Exhaustive information about products, untapped regions, recent developments, and investments in the healthcare cloud computing market.

Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the healthcare cloud computing markets.