Global Market Study on Healthcare Cloud Computing: Non-CIS to Dominate; Electronic Medical Records CIS to Gain Traction

Global Market Study on Healthcare Cloud Computing: Non-CIS to Dominate; Electronic Medical Records CIS to Gain Traction

  • Persistence Market Research
  • June 2021
  • ICT
  • 115 pages

Report Description

Healthcare Cloud Computing Market: Report Scope

Improvement of healthcare infrastructure invites the implementation of cloud computing as an effective data transportation and storage facility is bound to transform the sluggish pace at which clerical activities in medical organizations take place.

A database that tracks a patients previous health records, denotes it to any concerned hospital and updates with the current health and medicine conditions sounds benefitting for several medical professionals and pharmacologists.

In 2021, the global healthcare cloud computing market is anticipated to be valued at approximately US$ 14.5 Bn. Enduring an astronomical projected CAGR of 24%, the global market for healthcare cloud computing is slated to attain a market value of US$ 90.5 Bn by the end of 2031.

Key Market Dynamics

The growth of global healthcare cloud computing market is influenced by dozens of benefits derived from using cloud computing in healthcare activities. Speeding up the data or document processing in healthcare facilities is a key factor prompting the use of cloud computing.

The global healthcare cloud computing market is expected to reap unlimited cost-savings from upgrading their conventional information & data systems with cloud computing services that can share crucial and important information of patients and their medications among healthcare professionals and pharmacists.

Turning over confidential data, however, is a risky move as the world has witnessed the jinx of cloud computing when several personal information and data of public figures had gotten leaked in the recent years. Additionally, handing over such data to a third party draws skepticism and anxiety among patients.

Error limitations and inefficient disaster backup are also key restraints curbing the use of cloud computing in the healthcare industry. Furthermore, incorporating with a tech company might hamper the existence of the medical organization if the former loses its operational and financial stability or even worse, goes bankrupt.

Segment Analysis

The global market for healthcare cloud computing is primarily classified into applications, deployment model, service model and components. Clinical information systems (CIS) and non-CIS are the two pivotal applications of healthcare cloud computing, where the latter accounts for the largest segment in the global healthcare cloud computing market.

CIS-based segmentation includes systems such as pharmacy information system (PIS), electronic medical records (EMR), laboratory information system (LIS), radiology information system (RIS), picture archiving & communication system (PACS), and computerized physician order entry (CPOE) system; with EMR systems being the leading CIS-based segment.

Based on the service models, the global market is fragmented into platform-as-a-service (PaaS), infrastructure-as-a-software (IaaS), and software-as-a-service (SaaS) models, among which the SaaS model is slated to dominate the market through 2031.

Components such as software, service and hardware are also segmented in the market, while cloud computing deployment models such as community cloud, public cloud, hybrid cloud and private cloud are also classified for assessing the growth of global healthcare cloud computing market.

By 2020, software is likely to be helmed as the largest component-based segment, while private cloud computing deployment model will retain similar dominance in the global market.

Regional Analysis

An advanced healthcare infrastructure and dominance in global IT industry benefits the presence of North America in global healthcare cloud computing market. The US is slated to be the largest market in North America over the forecast period. North America’s healthcare cloud computing market held a market share of 35% in 2020.

Key Market Players

When healthcare implements cloud computing, it is discernible that leading tech giants will acts as the key market participants. Global technology mammoths such as Microsoft Corporation, International Business Machines (IBM) Corporation, Dell Inc., and ORACLE CORPORATION, dominate the global healthcare cloud computing market, while it is also witnessing exceptional contribution from dedicated healthcare cloud computing companies such as Carestream Health Inc., Merge Healthcare Incorporated, GE Healthcare, athenahealth Inc., Agfa-Gevaert N.V., and CareCloud Corporation, among others.

Market is segmented as follows:

Application

  • Non-Clinical Information Systems
  • Clinical Information Systems

Type of CIS

  • Electronic Medical Records (EMR)
  • Picture Archiving and Communication System (PACS)
  • Pharmacy Information System (PIS)
  • Radiology Information System (RIS)
  • Laboratory Information System (LIS)
  • Computerized Physician Order Entry (CPOE) System

Deployment Model

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud
  • Community Cloud

Component

  • Software
  • Services
  • Hardware

Service Model

  • Software-as-a-service (SaaS)
  • Infrastructure-as-a-service (IaaS)
  • Platform-as-a-service (PaaS)

Geography

  • North America
  • U.S.
  • Europe
  • Germany
  • France
  • U.K.
  • Asia
  • China
  • Japan

Have query on this report?

Make an Enquiry

Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Research Methodology
1.3 Assumptions

Chapter 2 Healthcare Cloud Computing Market Synopsis

Chapter 3 Porter’s Five Forces Analysis

3.1 Bargaining power of suppliers
3.2 Bargaining power of buyers
3.3 Threat of new entrants
3.4 Threat of substitutes
3.5 Intensity of rivalry

Chapter 4 Industry Overview
4.1 Market Definition
4.2 Market Drivers
4.2.1 Increasing demand for better healthcare facilities
4.2.2 Rising government Initiatives
4.2.3 Cost effectiveness of healthcare cloud computing systems
4.2.4 Rising investments by healthcare IT players
4.2.5 Increase in popularity of wireless and cloud technologies
4.3 Impact Analysis of Market Drivers
4.4 Restraints
4.4.1 Lack of experienced professionals
4.4.2 Privacy and security issues
4.4.3 Interoperability issues
4.5 Impact Analysis of Market Restrains
4.6 Opportunities
4.6.1 Emerging markets hold a great potential
4.6.2 Demand for powerful IT systems in diagnostic and medical laboratories
4.7 Market Trends
4.7.1 Use of mobile devices

Chapter 5 Global Market Size and Forecast
5.1 On the Basis of Geography
5.2 On the Basis of Application
5.3 On the Basis of Deployment Model
5.4 On the Basis of Component
5.5 On the Basis of Service Model

Chapter 6 Market Size and Forecast by Applications
6.1 Non-clinical Information System (NCIS)
6.2 Clinical Information System (CIS)

Chapter 7 Market Size and Forecast by type of CIS
7.1 Electronic Medical Records (EMR) System
7.2 Picture Archiving and Communication System (PACS)
7.3 Pharmacy Information System (PIS)
7.4 Radiology Information System (RIS)
7.5 Laboratory Information System (LIS)
7.6 Computerized Physician Order Entry (CPOE) System

Chapter 8 Market Size and Forecast by Deployment Model
8.1 Private Cloud
8.2 Hybrid Cloud
8.3 Public Cloud
8.4 Community Cloud

Chapter 9 Market Size and Forecast by Components
9.1 Software
9.2 Services
9.3 Hardware

Chapter 10 Market Size and Forecast by Service Model
10.1 Software-as-a-service (SaaS)
10.2 Infrastructure-as-a-service (IaaS)
10.3 Platform-as-a-service (PaaS)

Chapter 11 Market Size and Forecast by Geography
11.1 North America
11.2 Europe
11.3 Asia
11.4 Rest of the World

Chapter 12 Competitive Scenario
12.1 Competitive benchmarking

Chapter 13 Company Profiles
13.1 Agfa-Gevaert N.V.
13.1.1 Company overview
13.1.2 Product and services
13.1.3 Financial performance
13.1.4 Recent developments
13.2 athenahealth, Inc.
13.2.1 Company overview
13.2.2 Products and services
13.2.3 Financial performance
13.2.4 Recent developments
13.3 CareCloud Corporation
13.3.1 Company overview
13.3.2 Products and services
13.3.3 Financial performance
13.3.4 Recent developments
13.4 Carestream Health, Inc.
13.4.1 Company overview
13.4.2 Product and services
13.4.3 Financial performance
13.4.4 Recent developments
13.5 Dell Inc.
13.5.1 Company overview
13.5.2 Product and services
13.5.3 Financial performance
13.5.4 Recent developments
13.6 International Business Machines Corporation
13.6.1 Company Overview
13.6.2 Product and services
13.6.3 Financial performance
13.6.4 Recent developments
13.7 ORACLE CORPORATION
13.7.1 Company overview
13.7.2 Product and services
13.7.3 Financial performance
13.7.4 Recent developments
13.8 Microsoft Corporation
13.8.1 Company overview
13.8.2 Product and services
13.8.3 Financial performance
13.8.4 Recent developments
13.9 Merge Healthcare Incorporated
13.9.1 Company overview
13.9.2 Product and services
13.9.3 Financial performance
13.9.4 Recent developments
13.10 GE Healthcare
13.10.1 Company overview
13.10.2 Product and services
13.10.3 Financial performance
13.10.4 Recent developments

List of Tables

TABLE 1 Market snapshot: Global market for healthcare cloud computing (2021 and 2031)
TABLE 1 Drivers for global healthcare cloud computing market: Impact analysis
TABLE 2 Restraints for global healthcare cloud computing market: Impact analysis
TABLE 3 Global healthcare cloud computing market size, by region, 2016 – 2020 (USD million)
TABLE 4 Global healthcare cloud computing market size, by region, 2021 – 2031 (USD million)
TABLE 5 Global healthcare cloud computing market size, by application, 2016 – 2020 (USD million)
TABLE 6 Global healthcare cloud computing market size, by application, 2021 – 2031 (USD million)
TABLE 7 Global healthcare cloud computing market size, by deployment model, 2016 – 2020 (USD million)
TABLE 8 Global healthcare cloud computing market size, by deployment model, 2021 – 2031 (USD million)
TABLE 9 Global healthcare cloud computing market size, by component, 2016 – 2020 (USD million)
TABLE 10 Global healthcare cloud computing market size, by component, 2021 – 2031 (USD million)
TABLE 11 Global healthcare cloud computing market size, by service model, 2016 – 2020 (USD million)
TABLE 12 Global healthcare cloud computing market size, by service model, 2021 – 2031 (USD million)
TABLE 13 Global non-clinical information systems market size, by region, 2016 – 2020 (USD million)
TABLE 14 Global non-clinical information systems market size, by region, 2021 – 2031 (USD million)
TABLE 15 Global clinical information systems market size, by region, 2016 – 2020 (USD million)
TABLE 16 Global clinical information systems market size, by region, 2021 – 2031 (USD million)
TABLE 17 Global CIS market size, by type, 2016 – 2020 (USD million)
TABLE 18 Global CIS market size, by type, 2021 – 2031 (USD million)
TABLE 19 Global EMR systems market size, by region, 2016 – 2020 (USD million)
TABLE 20 Global EMR systems market size, by region, 2021 – 2031 (USD million)
TABLE 21 Global PACS market size, by region, 2016 – 2020 (USD million)
TABLE 22 Global PACS market size, by region, 2021 – 2031 (USD million)
TABLE 23 Global PIS market size, by region, 2016 – 2020 (USD million)
TABLE 24 Global PIS market size, by region, 2021 – 2031 (USD million)
TABLE 25 Global RIS market size, by region, 2016 – 2020 (USD million)
TABLE 26 Global RIS market size, by region, 2021 – 2031 (USD million)
TABLE 27 Global LIS market size, by region, 2016 – 2020 (USD million)
TABLE 28 Global LIS market size, by region, 2021 – 2031 (USD million)
TABLE 29 Global CPOE market size, by region, 2016 – 2020 (USD million)
TABLE 30 Global CPOE market size, by region, 2021 – 2031 (USD million)
TABLE 31 Global private clouds market size, by region, 2016 – 2020 (USD million)
TABLE 32 Global private clouds market size, by region, 2021 – 2031 (USD million)
TABLE 33 Global hybrid clouds market size, by region, 2016 – 2020 (USD million)
TABLE 34 Global hybrid clouds market size, by region, 2021 – 2031 (USD million)
TABLE 35 Global public clouds market size, by region, 2016 – 2020 (USD million)
TABLE 36 Global public clouds market size, by region, 2021 – 2031 (USD million)
TABLE 37 Global community clouds market size, by region, 2016 – 2020 (USD million)
TABLE 38 Global community clouds market size, by region, 2021 – 2031 (USD million)
TABLE 39 Global software market size, by region, 2016 – 2020 (USD million)
TABLE 40 Global software market size, by region, 2021 – 2031 (USD million)
TABLE 41 Global services market size, by region, 2016 – 2020 (USD million)
TABLE 42 Global services market size, by region, 2021 – 2031 (USD million)
TABLE 43 Global hardware market size, by region, 2016 – 2020 (USD million)
TABLE 44 Global hardware market size, by region, 2021 – 2031 (USD million)
TABLE 45 Global Saas market size, by region, 2016 – 2020 (USD million)
TABLE 46 Global Saas market size, by region, 2021 – 2031 (USD million)
TABLE 47 Global Iaas market size, by region, 2016 – 2020 (USD million
TABLE 48 Global Iaas market size, by region, 2021 – 2031 (USD million)
TABLE 49 Global Paas market size, by region, 2016 – 2020 (USD million)
TABLE 50 Global Paas market size, by region, 2021 – 2031 (USD million)
TABLE 51 North American healthcare cloud computing market size, by country, 2016 – 2020 (USD million)
TABLE 52 North American healthcare cloud computing market size, by country, 2021 – 2031 (USD million)
TABLE 53 European healthcare cloud computing market size, by country, 2016 – 2020 (USD million)
TABLE 54 European healthcare cloud computing market size, by country, 2021 – 2031 (USD million)
TABLE 55 Asian healthcare cloud computing market size, by country, 2016 – 2020 (USD million)
TABLE 56 Asian healthcare cloud computing market size, by country, 2021 – 2031 (USD million)

Success Stories

Our Clients