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

Jun 2021| PMR506B| Persistence Market Research

Report Highlights

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.

  • Table 1 : Market snapshot: Global market for healthcare cloud computing (2021 and 2031)
  • Table 2 : Drivers for global healthcare cloud computing market: Impact analysis
  • Table 3 : Restraints for global healthcare cloud computing market: Impact analysis
  • Table 4 : Global healthcare cloud computing market size, by region, 2016 – 2020 (USD million)
  • Table 5 : Global healthcare cloud computing market size, by region, 2021 – 2031 (USD million)
  • Table 6 : Global healthcare cloud computing market size, by application, 2016 – 2020 (USD million)
  • Table 7 : Global healthcare cloud computing market size, by application, 2021 – 2031 (USD million)
  • Table 8 : Global healthcare cloud computing market size, by deployment model, 2016 – 2020 (USD million)
  • Table 9 : Global healthcare cloud computing market size, by deployment model, 2021 – 2031 (USD million)
  • Table 10 : Global healthcare cloud computing market size, by component, 2016 – 2020 (USD million)
  • Table 11 : Global healthcare cloud computing market size, by component, 2021 – 2031 (USD million)
  • Table 12 : Global healthcare cloud computing market size, by service model, 2016 – 2020 (USD million)
  • Table 13 : Global healthcare cloud computing market size, by service model, 2021 – 2031 (USD million)
  • Table 14 : Global non-clinical information systems market size, by region, 2016 – 2020 (USD million)
  • Table 15 : Global non-clinical information systems market size, by region, 2021 – 2031 (USD million)
  • Table 16 : Global clinical information systems market size, by region, 2016 – 2020 (USD million)
  • Table 17 : Global clinical information systems market size, by region, 2021 – 2031 (USD million)
  • Table 18 : Global CIS market size, by type, 2016 – 2020 (USD million)
  • Table 19 : Global CIS market size, by type, 2021 – 2031 (USD million)
  • Table 20 : Global EMR systems market size, by region, 2016 – 2020 (USD million)
  • Table 21 : Global EMR systems market size, by region, 2021 – 2031 (USD million)
  • Table 22 : Global PACS market size, by region, 2016 – 2020 (USD million)
  • Table 23 : Global PACS market size, by region, 2021 – 2031 (USD million)
  • Table 24 : Global PIS market size, by region, 2016 – 2020 (USD million)
  • Table 25 : Global PIS market size, by region, 2021 – 2031 (USD million)
  • Table 26 : Global RIS market size, by region, 2016 – 2020 (USD million)
  • Table 27 : Global RIS market size, by region, 2021 – 2031 (USD million)
  • Table 28 : Global LIS market size, by region, 2016 – 2020 (USD million)
  • Table 29 : Global LIS market size, by region, 2021 – 2031 (USD million)
  • Table 30 : Global CPOE market size, by region, 2016 – 2020 (USD million)
  • Table 31 : Global CPOE market size, by region, 2021 – 2031 (USD million)
  • Table 32 : Global private clouds market size, by region, 2016 – 2020 (USD million)
  • Table 33 : Global private clouds market size, by region, 2021 – 2031 (USD million)
  • Table 34 : Global hybrid clouds market size, by region, 2016 – 2020 (USD million)
  • Table 35 : Global hybrid clouds market size, by region, 2021 – 2031 (USD million)
  • Table 36 : Global public clouds market size, by region, 2016 – 2020 (USD million)
  • Table 37 : Global public clouds market size, by region, 2021 – 2031 (USD million)
  • Table 38 : Global community clouds market size, by region, 2016 – 2020 (USD million)
  • Table 39 : Global community clouds market size, by region, 2021 – 2031 (USD million)
  • Table 40 : Global software market size, by region, 2016 – 2020 (USD million)
  • Table 41 : Global software market size, by region, 2021 – 2031 (USD million)
  • Table 42 : Global services market size, by region, 2016 – 2020 (USD million)
  • Table 43 : Global services market size, by region, 2021 – 2031 (USD million)
  • Table 44 : Global hardware market size, by region, 2016 – 2020 (USD million)
  • Table 45 : Global hardware market size, by region, 2021 – 2031 (USD million)
  • Table 46 : Global Saas market size, by region, 2016 – 2020 (USD million)
  • Table 47 : Global Saas market size, by region, 2021 – 2031 (USD million)
  • Table 48 : Global Iaas market size, by region, 2016 – 2020 (USD million
  • Table 49 : Global Iaas market size, by region, 2021 – 2031 (USD million)
  • Table 50 : Global Paas market size, by region, 2016 – 2020 (USD million)
  • Table 51 : Global Paas market size, by region, 2021 – 2031 (USD million)
  • Table 52 : North American healthcare cloud computing market size, by country, 2016 – 2020 (USD million)
  • Table 53 : North American healthcare cloud computing market size, by country, 2021 – 2031 (USD million)
  • Table 54 : European healthcare cloud computing market size, by country, 2016 – 2020 (USD million)
  • Table 55 : European healthcare cloud computing market size, by country, 2021 – 2031 (USD million)
  • Table 56 : Asian healthcare cloud computing market size, by country, 2016 – 2020 (USD million)
  • Table 57 : Asian healthcare cloud computing market size, by country, 2021 – 2031 (USD million)
  • Figure 1 : Healthcare cloud computing market: Porter’s five force analysis
  • Figure 2 : Positive & negative aspects of healthcare cloud computing
  • Figure 3 : Population aged above 60 years in major countries (%, 2000 - 2050)
  • Figure 4 : Global healthcare cloud computing market share, by region, by value, 2020
  • Figure 5 : Global healthcare cloud computing market share, by application, by value, 2020
  • Figure 6 : Global healthcare cloud computing market share, by deployment model, by value, 2020
  • Figure 7 : Global healthcare cloud computing market share, by component, by value, 2020
  • Figure 8 : Global healthcare cloud computing market share, by service model, by value, 2020
  • Figure 9 : Global non-clinical information systems market share, by region, by value, 2020
  • Figure 10 : Global clinical information systems market share, by region, by value, 2020
  • Figure 11 : Global CIS market share, by type, by value, 2020
  • Figure 12 : Global EMR systems market share, by region, by value, 2020
  • Figure 13 : Global PACS market share, by region, by value, 2020
  • Figure 14 : Global PIS market share, by region, by value, 2020
  • Figure 15 : Global RIS market share, by region, by value, 2020
  • Figure 16 : Global LIS market share, by region, by value, 2020
  • Figure 17 : Global CPOE market share, by region, by value, 2020
  • Figure 18 : Global private clouds market share, by region, by value, 2020
  • Figure 19 : Global hybrid clouds market share, by region, by value, 2020
  • Figure 20 : Global public clouds market share, by region, by value, 2020
  • Figure 21 : Global community clouds market share, by region, by value, 2020
  • Figure 22 : Global software market share, by region, by value, 2020
  • Figure 23 : Global services market share, by region, by value, 2020
  • Figure 24 : Global hardware market share, by region, by value, 2020
  • Figure 25 : Global Saas market share, by region, by value, 2020
  • Figure 26 : Global Iaas market share, by region, by value, 2020
  • Figure 27 : Global Paas market share, by region, by value, 2020
  • Figure 28 : North American healthcare cloud computing market share, by country, by value, 2020
  • Figure 29 : European healthcare cloud computing market share, by country, by value, 2020
  • Figure 30 : Asian healthcare cloud computing market share, by country, by value, 2020
  • Figure 31 : Competitive benchmarking of healthcare cloud computing companies
  • Figure 32 : Agfa-Gevaert N.V. revenue and profit/loss 2018-2020 (USD million)
  • Figure 33 : athenahealth, Inc. total revenue and net income 2018-2020 (USD million)
  • Figure 34 : Dell Inc. net revenue 2018-2020 (USD million)
  • Figure 35 : IBM revenue and net income 2018-2020 (USD million)
  • Figure 36 : Oracle Corporation total revenue and net income 2017-2019 (USD million)
  • Figure 37 : Microsoft Corporation revenue and net income 2018-2020 (USD million)
  • Figure 38 : Merge Healthcare Incorporated net sales and segment income 2018-2020 (USD million)
  • Figure 39 : GE Healthcare revenue and profit 2018-2020 (USD million)

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