Global Market Study on Healthcare Cloud Computing: Hybrid Clouds to Witness Highest Growth by 2020

The global healthcare cloud computing market was estimated at USD 4,216.5 million in 2014. It is likely to grow with a CAGR of 20.1% and reach USD 12,653.4 million in 2020.

 

Albany, NY -- (SBWIRE) -- 09/29/2015 -- Healthcare cloud computing is used to share patient information between healthcare providers and pharmacists. It also plays a vital role in patient billing and reduces capital expenditure which is associated with conventional mode of billing practices. It increases the speed and flexibility of healthcare services such as telemedicine, electronic medical records, and image diagnostic techniques. Mobile devices are gaining popularity in delivering healthcare services. Various factors such as increasing demand for better healthcare facilities, rising government initiatives and cost effectiveness are driving the global market for healthcare cloud computing. In addition, rising investments from healthcare IT players and growing popularity of wireless and cloud technology are some of the major drivers for the global healthcare cloud computing market. However, lack of experienced professionals is key restraint for the global healthcare cloud computing market. In addition, lack of security and privacy of patient's information also obstructs the growth of the global healthcare cloud computing market.

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North America dominates the global healthcare cloud computing market. The U.S. represents the largest market for healthcare cloud computing in North American region. This is due to improved healthcare infrastructure and technological advancements. Asia is expected to experience high growth rate in the next five years in global healthcare cloud computing market. This is due to improving healthcare infrastructure and increasing government spending on healthcare IT. In addition, several government associations are also supporting in growth of the healthcare cloud computing market in Asia.

Various factors such as increasing demand for better healthcare facilities, rising government initiatives and cost effectiveness are driving the global market for healthcare cloud computing. In addition, rising investments from healthcare IT players and growing popularity of wireless and cloud technology are some of the major drivers for the global healthcare cloud computing market. However, lack of experienced professionals is key restraint for the global healthcare cloud computing market. In addition, lack of security and privacy of patient's information also obstructs the growth of the global healthcare cloud computing market. Increasing usage of portable devices, such as cell-phones and laptops, to access healthcare services is the key trend for the global healthcare cloud computing market.

This report provides in-depth analysis and estimation of the healthcare cloud computing market for the period 2014 to 2020, considering 2013 as the base year for calculation. In addition, data pertaining to current market dynamics including market drivers, restraints, trends and strategic developments has been provided in the report. The healthcare cloud computing market is categorized on the basis of applications, types of clinical information systems, components, service model, deployment model and geography. Based on applications, the healthcare cloud computing market comprises non-clinical information systems and clinical information systems. Based on deployment model, the market comprises of public clouds, private clouds, hybrid clouds and community clouds.

In the geographical analysis, the report identifies and analyses market size and forecast of North America, Europe, Asia and Rest of the World (Row). North America is further segmented into the U.S. and the rest of North America. Similarly, Europe is further segmented into Germany, France, U.K. and Rest of Europe. Asia is further segmented into China, Japan and Rest of Asia. Some of the major players in the healthcare cloud computing market are Microsoft Corporation, ORACLE CORPORATION, International Business Machines Corporation, Dell Inc., CareCloud Corporation, Agfa-Gevaert N.V. and Merge Healthcare Incorporated. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability and financial overview.

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