Healthcare Cloud Computing Market (By Cloud Service (Paas, Iaas, and Saas), Cloud Deployment: Private, Public, Hybrid); Non-clinical and clinical information systems, categorized by application; By End-Use: Payers and Providers of Healthcare – Market Size, Trends, Forecasts by Segment, and Regional Outlook, 2022–2030
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Key Takeaway:
- As of 2022, the market share of North America accounted for 45.5% of the total revenue share.
- From 2022 to 2030, Asia Pacific is predicted to grow at a CAGR.
- In 2022, the private segment accounted for over 52.5% of revenue share, as measured by cloud deployment.
- The non-clinical information system segment had the largest revenue share (67.2%) by application in 2022.
- In terms of revenue share in 2022, the software as a service (Saas) segment accounted for over 56.8%.
- Healthcare providers held the largest market share in 2022, accounting for 56.3% of all end users.
Regional Insights
The U.S. healthcare cloud computing market size accounted for USD 5.29 billion in 2022 and is estimated to reach around USD 26.2 billion by 2032, growing at a CAGR of 22.1% from 2022 to 2030.
Geographically
North America is expected to adopt a similar trend in the years to come, free from significant fluctuations, and is currently leading the healthcare cloud computing market. The United States of America leads the world in healthcare cloud computing, primarily due to its high adoption rate of healthcare IT services and continuous backing from government agencies. Over the estimated period, North America is expected to hold the largest market share. By accessing and using the patient portal more frequently than those who are least encouraged, patients are encouraged to use it by their healthcare provider. Patients can get fast, 24/7 access to their personal health information through an online gateway from any location with a network connection. Patients are in control of their care and well-being.
with the patient portal’s assistance
In addition to helping with care in between appointments, patient portals can speed up doctor-patient communication and save time. Portals are being used by more patients than ever. For example, approximately 77% of executives in the health sector are investing funds in better smartphone websites and applications. Intrado Healthcare conducted a survey on patient management trends for 2022, and more than 50% of respondents said they planned to invest in messaging systems for patient communication.
Moreover
the landscape of health insurance in Canada is changing. The use of contemporary telehealth would relieve pressure on the Canadian healthcare system and lead to shorter wait times. Many Canadians can access different telehealth resources depending on their province. For example, Telehealth Ontario provides anonymous, complimentary
The United Nations Population Fund’s 2022
data show that 65% of Canada’s population will be living in 2022 and primarily composed of people aged 15 to 64. Additionally, 19% of the population will be 65 or older in 2022. Additionally, the region’s ageing population, which is more likely to suffer chronic conditions including neurological diseases, hypertension, diabetes, and cardiovascular disease, is projected to raise demand for mobile health, which will help the market expand.
Conversely
the European healthcare cloud computing market is anticipated to experience strong growth over the course of the forecast period. This is due to increased awareness of the availability of better-quality cloud computing solutions for the medical field. In addition, the growing senior population increases the number of hospital admissions since they are more susceptible to a wide range of diseases. When taken as a whole, these factors are thought to portend well for the demand for cloud computing software in healthcare in Europe.
Growth Factors
Because of recent technological advancements and increased security, more healthcare establishments can benefit from the cloud than ever before. In the years to come, technological advancements like cloud telehealth, natural language processing APIs, and remote monitoring will continue to progress and fit novel digital health settings in multiple significant ways. According to HIMSS’s Analytics Survey, over 83% of healthcare organisations currently use cloud services.
Many medical facilities want to use cutting edge technology to advance these cloud computing solutions even further
. The system analyses and processes data at the point of gathering rather than collecting and sending it to the cloud. The global healthcare cloud computing market is expected to grow as a result of the widespread adoption of high-speed internet and the implementation of promising regulatory actions. However, issues with data privacy, data portability, and the growing frequency of cloud data breaches are limiting the global healthcare cloud computing market’s growth. Moreover, the slow adoption of this technology has been caused by a shortage of skilled IT personnel. Due to the difficulty in locating professionals with HIPAA expertise, competent specialists are in high demand. This lack of aptitude will
Report Scope of the Healthcare Cloud Computing Market
| Report Highlights | Details |
| Growth Rate from 2022 to 2030 | CAGR of 21.4% |
| Market Size in 2022 | USD 13.26 Billion |
| Market Size by 2030 | USD 62.47 Billion |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, Cloud Deployment, Application, Service, End User, Region |
| Companies Mentioned | CareCloud Corporation, Athenahealth, Inc., Carestream Health, IBM Corporation, Dell Inc., Siemens Healthineers and Oracle Corporation |
Market Dynamics
Market Driver
An Increase in the Emergency Medical Services Provided by the Industry:
The pandemic has been unprecedented in a number of ways. Time was critical in order to contain the pandemic, build new facilities, establish a safe mass screening protocol, or get the vaccine onto the market. Cloud computing has the potential to speed up the industry’s adoption of vital IT solutions.
For example, Spoedtestcorona, a network of testing facilities providing quick diagnostic tests for Covid-19, faced a challenge in their timely development of a cross-platform web application with the goal of offering testing that is both safe and affordable in the Netherlands and Belgium. The software was designed to decrease in-person interactions and increase testing security for both patients and healthcare providers.
By selecting Amazon Web Application services
they could meet both the stringent regulatory requirements involved with managing medical and personal data and execute the app in the record-breaking two-week time frame.
How much is the current size of global healthcare cloud computing market?
According to Precedence Research, the healthcare cloud computing market size was reached at USD 11.27 billion in 2021 and is expected to hit around USD 62.47 billion by 2030.
What is the CAGR of healthcare cloud computing market?
The global healthcare cloud computing market is projected to register at a compound annual growth rate (CAGR) of around 21.4% during period 2022 to 2030.
Which region was leader in the healthcare cloud computing market?
In 2022, the North American has emerged as prevalent regional market for cloud computing in the healthcare industry.