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MarketersMEDIA / Newsroom / Healthcare Cloud Computing Market Projected to Register 15% CAGR to 2025

Healthcare Cloud Computing Market Projected to Register 15% CAGR to 2025

Share This Press Release offers 2019 report on global Healthcare Cloud Computing market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025.

— North America healthcare cloud computing market will witness over 15% CAGR over the coming years. Growing technological advancements along with rising healthcare expenditures will foster regional growth. The requirement to reduce cost in healthcare industry will further drive North America healthcare cloud computing industry growth.

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Rising adoption of digital modernization along with electronic medical records, on the verge of digital transformation in the healthcare industry is highly adopting information centric model. Such software enhances real time data collection that improves more accessibility to data by providing more efficiency and boosts data handling speed. However, concerns over data privacy and security may hold back the business growth.
Clinical information systems segment is estimated to show over 15% CAGR by 2025. Rising demand for evaluating and maintaining raw data generated from physicians will further lead to segment growth. Increase in the demand for health information system that should positively impact the segmental growth.

Increasing adoption of cloud computing software in laboratories and hospitals will drive healthcare cloud computing market growth over the coming years. Healthcare cloud computing software tracks patient specific health information for betterment of lives that should boost business growth. Every year numerous amount of administrative and clinical data is obtained from laboratories and hospitals that needs specific software for further health analysis. Thus, growing demand for healthcare cloud computing will further surge revenue size during the forecast timeline. Moreover, rising expense on cloud computing in hospitals should favor healthcare cloud computing industry growth. Healthcare Cloud Computing Market will exceed USD 55 billion by 2025; as per a new research report.

Software segment was valued around 4.5 billion in 2018 and should witness similar growth trend over the coming years. Advancement in technology and advantages associated with software upgradation drives segment growth. Advantages include reducing operational costs by robust auto-updating mechanism and helping healthcare providers to invest in best treatment decisions should boost business growth.
Public cloud segment will witness more than 15.5% CAGR over the forecast timeframe. The segment growth is attributable to various benefits offered such as scalability, agility and cost savings that drives preference for public cloud thereby, will foster segmental growth.

Hospitals segment was valued around 4 billion in 2018 and will grow significantly during the forecast timeframe. Digital transformation in hospitals through cloud computing will provide better health initiatives that will favor segment growth. Further, hospitals can begin to lay work for IoT technologies and improved data analytics for improved approach among the patients thus, should boost industry growth.

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Few market players in the healthcare cloud computing market include Cisco, Carestream Health, Athenahealth, IBM, EMC, Oracle, Carecloud, Cleardata, GNAX Health and Merge Healthcare. Major industry competitors adopt numerous strategic initiatives that include acquisitions and new product launch enabling them to sustain market competition. For instance, in September 2018, Carestream collaborated with Intel this collaboration has expanded the capabilities with advances that simplify radiology reading process while simultaneously optimizing quality of radiology reporting. In September 2018, Carestream is continuously adding new cloud-based data centers around the world with most recent one in 2018 in China thus, expanding company?s geographic reach.

Table of Content:

Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Healthcare Cloud Computing Industry Insights
Chapter 4. Healthcare Cloud Computing Market, By Application
Chapter 5. Healthcare Cloud Computing Market, By Component
Chapter 6. Healthcare Cloud Computing Market, By Deployment
Chapter 7. Healthcare Cloud Computing Market, By End-use
Chapter 8. Healthcare Cloud Computing Market, By Region
Chapter 9. Company Profiles

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Source: MarketersMEDIA

Release ID: 508770

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