Cloud computing is one of the most revolutionary technologies of a decade and its applications are rapidly increasing in various industries. The fast-paced digital industry and the slow-paced healthcare industry continue to collide, bringing disruptive change to the market. In recent years, healthcare providers are increasingly turning to cloud computing to address the increased focus on resource efficiency and value-based healthcare as well as delivering better care at lower costs. As a result, the market for cloud computing for healthcare has been growing steadily over the last few years with the adoption of new technologies, new business models, and new workflows that are transforming healthcare.
Analysis of Market Segments
The global healthcare cloud computing market is segmented into by application (clinical information systems and nonclinical information systems), service model (software-as-a-service, infrastructure-as-a-service, and platform-as-a-service), deployment model (private cloud, hybrid cloud, and public cloud), pricing model (pay-as-you-go and spot pricing), component (services and software), end user (healthcare providers and healthcare payers), and geography.
Based on the application, the healthcare cloud computing is segmented into clinical information systems and the
non-clinical information systems. In 2019, the clinical information systems segment is expected to account for the largest market share of the global market. The large market share of this segment can be primarily attributed to rising prevalence of chronic disease and rising geriatric population, leading to growth in the volume of patient data.
Based on deployment model, the healthcare cloud computing market is segmented into private cloud, hybrid cloud, and public cloud model. In 2018, the private cloud segment accounted for the largest market share of the global market by deployment model due to its higher adoption owing to its better security.
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 5 years (2015-2019). The key players profiled in the global healthcare cloud computing market are CareCloud Corporation, ClearData Networks Inc., Athenahealth, Cerner Corporation, Epic Systems Corporation, NextGen Healthcare, Carestream Corporation, Dell Inc., DICOM Grid Inc., INFINITT Healthcare, Sectra AB, Merge Healthcare Inc., Siemens Healthineers, iTelagen Inc., NTT DATA Corporation, Nuance Communications, IBM Corporation, and Ambra Health.
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Increasing adoption of big data analytics, wearable devices, and IoT in healthcare could lead to the growth of market in the forecast period. In coming years, cloud computing technology will not just reduce the financial expenses that healthcare organization face but also streamlines and increase the efficiency attached with operational and functional domain of the healthcare industry.
Healthcare Cloud Computing Applications
- Clinical Information Systems
- Electronic Medical Records (EMR)
- Picture Archiving & Communication Systems (PACS), Vendor-Neutral Archives, and Image Sharing (VNA), and Image Sharing Solutions
- Population Health Management (PHM)
- Laboratory Information Management Systems (LIMS)
- Pharmacy Information Systems (PIS)
- Radiology Information Systems (RIS)
- Nonclinical Information Systems
- Revenue Cycle Management (RCM)
- Billing and Accounts Management
- Financial Management
- Health Information Exchange (HIE)
- Fraud Management
- Supply Chain Management
Healthcare Cloud Computing Deployment Models
- Private cloud
- Hybrid cloud
- Public cloud
Healthcare Cloud Computing Pricing Models
- Spot Pricing
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