Healthcare Cloud Computing Market | Contrive Datum Insights

The Global Healthcare Cloud Computing Market Size Was Valued At USD 35.61 Billion In 2022 And Predicted To Surpass Around USD 127.04 Billion By 2030 With A Registered CAGR Of Around 17.2% During The Forecast Period 2022 To 2030.

Healthcare Cloud Computing Market Overview:

The market for Healthcare Cloud Computing is mostly driven by the energy industry's growing need for the product.

Healthcare Cloud Computing, which is also called "winding wire," is an insulated electrical conductor that is wound around a coil and turned on to make an electromagnetic field. This can be used to change the energy of something else. The product is usually made of copper or aluminum and is used in transformers, motors, and other electromagnetic equipment.

The market's revenue is growing because of changes in technology and rising demand from many end-use industries, such as electrical and electronics, transportation, industrial, infrastructure, and others. Healthcare Cloud Computing, also called a winding wire, is an electrical conductor made of insulated aluminum or copper. It is used in transformers, motors, speakers, potentiometers, hard disc head actuators, and other electrical and electromagnetic devices. Healthcare Cloud Computing is used in everything from cell phones to high-voltage transformers, so 90% of all electrical devices have Healthcare Cloud Computings.

Market Dynamics:

Drivers:

IT infrastructure in developed countries is growing, which is the main thing driving demand.

The growing IT infrastructure in developed countries is one of the main things that drives demand. Care facilities have to deal with more patients and more information about them, which means they need access to data in real time and integration of data. Because of its potential, the healthcare IT industry is getting investments from both the public and private sectors. This will likely help the market grow.

For example, in March 2020, the Australian Department of Health released the Coronavirus Australia App. This app uses Google Cloud to send real-time information about how viruses spread, lockdowns, and laws, as well as health advice for Covid-19.            

Restraints:

Cybercrime and privacy risks are two of the biggest worries that stop the market from growing.

Cybercrime and privacy risks are two big problems that make it hard for businesses to grow. Recent progress in telemedicine, digital medical libraries, and management information systems is based on cloud infrastructure.

Opportunities:

Research and development in healthcare infrastructure and the growing use of technology offer opportunities for the market.

The rise of disposable cash, faster digitization, and the creation of accountable care organisations are all good things for cloud computing in healthcare. Also, the arrival of the tele cloud and the use of blockchain in the health cloud will give market participants opportunities to make money during the period covered by the forecast.

Segmentation Analysis:

By Application Analysis:

Clinical information system segment includes telehealth solution, computerised physician order entry, population health management (PHM) solutions, electronic medical records, pharmacy information system, radiology information system, and others.

In terms of revenue, the clinical information systems segment had a big share of the market in 2022. This was because the need to store raw data from physicians and doctors was growing quickly. This data includes notes from pharmacists, doctors, and doctors, as well as prescriptions. While this is going on, huge amounts of clinical data are being made every year, which makes it very important to have a laboratory information management system and a health information system. This segment is getting bigger because of all of these things.

By Cloud Deployment Analysis:

Based on how they are used, the healthcare cloud computing market is split into hybrid cloud, private cloud, and public cloud. In 2022, a large share of revenue came from the private cloud segment. This is because very sensitive patient data needs to be stored in a safe way to avoid a privacy breach that could have legal consequences.

By Services Analysis:

Infrastructure-as-a-service, software-as-a-service, and platform-as-a-service are all types of services that are looked at in this market study. In 2022, SaaS services had the largest share of the market's revenue. This is because this model has many benefits, such as safety, faster deployment, less total cost of ownership, and lower up-front capital expenditures.

Regional Insights:

Geographically, North America has a large share of the market for healthcare cloud computing, and this is expected to stay the same over the next few years without major changes. The U.S. is a leader in healthcare cloud computing, mostly because healthcare IT services are widely used and the government organisation backs them up all the time.

On the other hand, the healthcare cloud computing market in Europe is also expected to grow quickly over the next few years. This is because more people are becoming aware of how easy it is to get better cloud computing solutions for healthcare. Also, more people are going to hospitals because the number of older people is growing and they are more likely to get sick. All of these things are thought to be good signs for the demand for healthcare cloud computing software in Europe.

Scope Analysis

Recent Development:

• In February 2022, IBM (US) acquired Neudesic, LLC (US), which aims to expand IBM's portfolio of hybrid multi-cloud services and further advance the company's hybrid cloud and AI strategy.
• In February 2022, Lyniate (US) will help customers more easily embrace a hybrid cloud approach and move mission-critical workloads from SAP solutions to the cloud in regulated and unregulated industries.
• In January 2022, Francisco Partners (USA) acquired Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, Imaging software offerings from IBM (USA) and IBM, now part of the Watson Health business.
• In January 2022, IBM (US) acquired ENVIZI (Australia), building on IBM's growing investments in AI-powered software.

Market Segmentation

By Cloud Deployment:

• Public
• Private
• Hybrid
• Others

By Application:

• Clinical Information System
  • Telehealth Solutions
  • Computerized Physician Order Entry
  • Population Health Management (PHM) Solutions
  • Electronic Medical Records
  • Pharmacy Information System
  • Radiology Information System
  • Others
• Non-clinical Information System
  • Revenue Cycle Management (RCM)
  • Billing & Accounts Management Solutions
  • Claims Management
  • Others
• Others

By Service:

• Platform as a service (Paas)
• Infrastructure as a service (Iaas)
• Software as a service (Saas)
• Others

By End Users:

• Healthcare providers
• Healthcare payers
• Others

By Companies:

• Cisco Systems Inc
• Allscripts Healthcare Solution Inc
• Microsoft Corp
• Iron Mountain Inc
• Qualcomm Inc
• AthenahealthInc
• GNAX Health
• Dell Inc
• EMC Corp
• IBM Cor
• VMware Inc
• Oracle Corp
• Others