Healthcare Cloud Computing Market is Expected to Reach USD 6.79 Billion Globally in 2018: Transparency Market Research
According to a new market report published by Transparency Market Research "Cloud Computing Market In Healthcare Industry (IaaS, SaaS, PaaS, CIS, NCIS, PACS, EMR, RIS) - Global Industry Analysis, Size, Share, Trends and Forecast, 2012 - 2018," the global cloud computing market in the healthcare industry was valued at USD 1.82 billion in 2011 and is expected to reach USD 6.79 billion by 2018, growing at a CAGR of 21.3% from 2012 to 2018.
The rising costs of delivering healthcare services to the patient community helped the healthcare industry to evolve as one of the largest industries with trillions of dollars spent within the public and private sector. Aging population and global economic development has resulted in demand for better healthcare services, thus driving the growth of the healthcare industry.
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Cost effective approaches with optimal operational efficiency are in demand. Cloud computing helps healthcare organizations share all the information which is stored across various information systems in real time and increases productivity and cost-efficiency. The cloud computing market in healthcare industry is estimated to witness high growth in the coming years.
Strong growth in this market is attributed to the need for healthcare organizations (HCO) to manage and optimize their complex IT systems, provide faster and flexible healthcare delivery to patients and physicians through mobile and other easy access systems, compliance with regulatory standards and maintain confidentiality regarding patient data. Cloud deployment enables healthcare organizations to reduce expenditure, manages complex healthcare processes, maintains patient information securely and hence is expected to penetrate even more in the healthcare market in the coming years.
The North American region held the majority of market share in 2011 followed by Europe and Asia. Key players dominating this market are CareCloud, ClearDATA Networks, Merge Healthcare, Agfa Healthcare, IBM Corporation, Microsoft, Carestream Health, Oracle Corporation and others.
The study presents a comprehensive assessment of the stakeholder strategies and their winning imperatives by segmenting the healthcare cloud deployment as below:
- Global cloud computing market in healthcare industry by pricing models
- Spot pricing or subscription model
- Pay-as-you-go model
- Global cloud computing market in healthcare industry by service models
- Infrastructure-as-a-Service (IaaS)
- Platform-as-a-Service (PaaS)
- Software-as-a-Service (SaaS)
- Global cloud computing market in healthcare industry by end user applications
- Clinical Information systems (CIS) cloud computing market
- Non-Clinical Information systems (NCIS) cloud computing market
- Claims management
- Global cloud computing market in healthcare industry by geography
- North America
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