Cloud Computing in Healthcare Market by Deployment Model (Private, Public, and Hybrid Cloud), Cloud Services Model (IaaS, PaaS, and SaaS), Pricing Model, Component (Hardware, and Software), Application, and Region- Global Analysis and Forecast to 2025
Published Date: Oct-2018 | Industry: Information & Communications Technology | Format :
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Data Analysis Sheet
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Cloud Computing in Healthcare Market
The global healthcare cloud computing market is expected to register a CAGR of 21% from 2018 to 2025. The major driving factors of healthcare cloud computing market are lower cost of ownership, increased efficiency, increased business agility; information ubiquity, disaster recovery capabilities, and increased digitalization of healthcare data storage. Moreover, tele cloud, imaging informatics, tele medicines, increasing penetration of Internet of Things (IoT)) in the healthcare segment, and the formation of Accountable care organizations (ACOs)) are creating growth opportunities for the cloud computing in healthcare market. However, collaboration and coordination of care processes, the security of patient data on the cloud are the major issues that are likely to restrain the growth of this market.
The implementation of mandatory regulations for maintaining electronic data for patients and increased number of IT investments in the healthcare industry has propelled the North American market. The advancement in healthcare infrastructure of North America is also an important contributor, which contributes around 60% of the total global cloud computing in healthcare market.
Fig. 1 Healthcare Cloud Computing Market Growth, by Region (USD Billion) in 2018
The key industry players operating the healthcare cloud computing market include IBM , Dell , CareCloud, ClearData Network, CareStream Health , Merge Healthcare , IRON Mountain , GE Health , Cisco System and Athena Health ().
Scope of the Study
The global healthcare cloud computing market is segmented by application, service model, deployment model, pricing model, component, and region.1. Global Cloud Computing in Healthcare Market, By Deployment Model
1.1. Private Cloud
1.2. Public Cloud
1.3. Hybrid Cloud
2. Global Cloud Computing in Healthcare Market, By Cloud Services Model
2.1. Infrastructure-as-a-Service (IaaS)
2.2. Platform-as-a-Service (PaaS)
2.3. Software-as-a-Service (SaaS)
2.4. Everything-as-a-Service (EaaS)
3. Global Cloud Computing in Healthcare Market, By Pricing Model
3.1. Pay-as-you-go
3.2. Spot Pricing
4. Global Cloud Computing in Healthcare Market, By Component
4.1. Hardware
4.2. Software
4.3. Services
5. Global Cloud Computing in Healthcare Market, By Application
5.1. Healthcare Providers (Clinical Information System (CIS))
5.1.1. Electronic Medical Record (EMR)
5.1.2. Picture Archiving and Communication System (PACS)
5.1.3. Computerized Physician Order Entry (CPOE)
5.1.4. Laboratory Information System (LIS)
5.1.5. Pharmacy Information System (PIS)
5.1.6. Others
5.2. Public Health ((Non Clinical Information System (NCIS))
5.2.1. Personal Health Record (PHR)
5.2.2. Revenue Cycle Management (RCM)
5.2.3. Cost Accounting
5.2.4. Payroll Management Systems
5.2.5. Claims Management
5.2.6. Others
5.3. Healthcare Prayers
5.3.1. Health Plans
5.4. Healthcare Life Sciences
6. Global Cloud Computing in Healthcare Market, By Region
6.1. North America
6.1.1. USA,
6.1.2. Canada
6.1.3. Mexico
6.2. Europe
6.2.1. Germany
6.2.2. U.K.
6.2.3. Italy
6.2.4. Spain
6.2.5. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Australia
6.3.5. Rest of APAC
6.4. RoW
6.4.1. Brazil
6.4.2. Argentina
6.4.3. South Africa
6.4.4. Others in RoW
This report provides an in depth analysis of key companies and competitive analysis of developments recorded in the industry in the last eight years. In this report, market dynamics such driver, barriers, opportunities, challenges, and factor analysis have been discussed in detail. Key market players such as IBM, Dell, CareCloud, CareStream Health, and Merge Healthcare have been profiled to provide an insight into the competitive scenario of the global cloud computing in healthcare market.
1. Market Introduction
1.1. Key Research Objectives
1.2. Market Definition
1.3. Report Scope
1.3.1. Segmental Scope
1.3.2. Regional Scope
1.4. Currency & Conversions
1.5. Research Assumptions & Limitations
1.5.1. Assumptions
1.5.2. Limitations
2. Research Methodology
2.1. Market Size Estimation
2.2. Market Breakdown & Data Triangulation
2.3. Sources
2.3.1. Key Secondary Sources
2.3.2. Key Primary Sources
2.3.3. Key Industry Insights
3. Executive Summary :
3.1. Overview
3.2. By Deployment Model
3.3. By Cloud Services Model
3.4. By Pricing Model
3.5. By Component
3.6. By Application
3.7. By Region
3.8. Leading strategic developments
3.9. Market Life Cycle Analysis
4. Market Overview
4.1. Market Dynamics
4.1.1. Factor Analysis
4.1.1.1. Parent Market Analysis
4.1.1.2. Demand-Side Analysis
4.1.1.3. Supply-Side Analysis
4.1.2. Drivers
4.1.3. Barriers
4.1.4. Opportunities
4.1.5. Challenges
4.2. Global Cloud Computing in Healthcare Market Scenario
4.2.1. Global Cloud Computing in Healthcare Market, by Deployment Model
4.2.2. Global Cloud Computing in Healthcare Market, by Cloud Services Model
4.2.3. Global Cloud Computing in Healthcare Market, by Pricing Model
4.2.4. Global Cloud Computing in Healthcare Market, by Component
4.2.5. Global Cloud Computing in Healthcare Market, by Application
4.2.6. Global Cloud Computing in Healthcare Market, by Region
5. Industry Analysis
5.1. Value Chain Analysis
5.2. Porter’s Five Forces Analysis
5.3. Strategic Benchmarking
5.4. Regulatory Framework
6. Global Cloud Computing in Healthcare Market, By Deployment Model
6.1. Private Cloud
6.1.1. By Region
6.2. Public Cloud
6.2.1. By Region
6.3. Hybrid Cloud
6.3.1. By Region
7. Global Cloud Computing in Healthcare Market, By Cloud Services Model
7.1. Infrastructure-as-a-Service
7.1.1. By Region
7.2. Platform-as-a-Service
7.2.1. By Region
7.3. Software-as-a-Service
7.3.1. By Region
7.4. Everything-as-a-Service
7.4.1. By Region
8. Global Cloud Computing in Healthcare Market, By Pricing Model
8.1. Pay-as-you-go
8.1.1. By Region
8.2. Spot Pricing
8.2.1. By Region
9. Global Cloud Computing in Healthcare Market, By Component
9.1. Hardware
9.1.1. By Region
9.2. Software
9.2.1. By Region
9.3. Services
9.3.1. By Region
10. Global Cloud Computing in Healthcare Market, By Application
10.1. Healthcare Providers (Clinical Information System)
10.1.1. By Region
10.1.2. Electronic Medical Record
10.1.3. Picture Archiving and Communication System
10.1.4. Computerized Physician Order Entry
10.1.5. Laboratory Information System
10.1.6. Pharmacy Information System
10.1.7. Others
10.2. Public Health (Non Clinical Information System)
10.2.1. By Region
10.2.2. Personal Health Record
10.2.3. Revenue Cycle Management
10.2.4. Cost Accounting
10.2.5. Payroll Management Systems
10.2.6. Claims Management
10.2.7. Others
10.3. Healthcare Prayers
10.3.1. By Region
10.3.2. Health Plans
10.4. Healthcare Life Sciences
10.4.1. By Region
11. Global Cloud Computing in Healthcare Market, By Region
11.1. North America
11.1.1. By Country
11.1.2. By Deployment Models
11.1.3. By Cloud Services Models
11.1.4. By Pricing Model
11.1.5. By Component
11.1.6. By Application
11.1.7. Key Country-wise Insights
11.1.7.1. US
11.1.7.1.1. By Deployment Models
11.1.7.1.2. By Cloud Services Models
11.1.7.1.3. By Pricing Model
11.1.7.1.4. By Component
11.1.7.1.5. By Application
11.1.7.2. Canada
11.1.7.2.1. By Deployment Models
11.1.7.2.2. By Cloud Services Models
11.1.7.2.3. By Pricing Model
11.1.7.2.4. By Component
11.1.7.2.5. By Application
11.1.7.3. Mexico
11.1.7.3.1. By Deployment Models
11.1.7.3.2. By Cloud Services Models
11.1.7.3.3. By Pricing Model
11.1.7.3.4. By Component
11.1.7.3.5. By Application
11.2. Europe
11.2.1. By Country
11.2.2. By Deployment Models
11.2.3. By Cloud Services Models
11.2.4. By Pricing Model
11.2.5. By Component
11.2.6. By Application
11.2.7. Key Country-wise Insights
11.2.7.1. Germany
11.2.7.1.1. By Deployment Models
11.2.7.1.2. By Cloud Services Models
11.2.7.1.3. By Pricing Model
11.2.7.1.4. By Component
11.2.7.1.5. By Application
11.2.7.2. U.K.
11.2.7.2.1. By Deployment Models
11.2.7.2.2. By Cloud Services Models
11.2.7.2.3. By Pricing Model
11.2.7.2.4. By Component
11.2.7.2.5. By Application
11.2.7.3. Italy
11.2.7.3.1. By Deployment Models
11.2.7.3.2. By Cloud Services Models
11.2.7.3.3. By Pricing Model
11.2.7.3.4. By Component
11.2.7.3.5. By Application
11.2.7.4. Spain
11.2.7.4.1. By Deployment Models
11.2.7.4.2. By Cloud Services Models
11.2.7.4.3. By Pricing Model
11.2.7.4.4. By Component
11.2.7.4.5. By Application
11.2.7.5. Rest of Europe
11.2.7.5.1. By Deployment Models
11.2.7.5.2. By Cloud Services Models
11.2.7.5.3. By Pricing Model
11.2.7.5.4. By Component
11.2.7.5.4.5 By Application
11.3. Asia-Pacific
11.3.1. By Country
11.3.2. By Deployment Models
11.3.3. By Cloud Services Models
11.3.4. By Pricing Model
11.3.5. By Component
11.3.6. By Application
11.3.7. Key Country-wise Insights
11.3.7.1. China
11.3.7.1.1. By Deployment Models
11.3.7.1.2. By Cloud Services Models
11.3.7.1.3. By Pricing Model
11.3.7.1.4. By Component
11.3.7.1.5. By Application
11.3.7.2. India
11.3.7.2.1. By Deployment Models
11.3.7.2.2. By Cloud Services Models
11.3.7.2.3. By Pricing Model
11.3.7.2.4. By Component
11.3.7.2.5. By Application
11.3.7.3. Japan
11.3.7.3.1. By Deployment Models
11.3.7.3.2. By Cloud Services Models
11.3.7.3.3. By Pricing Model
11.3.7.3.4. By Component
11.3.7.3.5. By Application
11.3.7.4. Australia
11.3.7.4.1. By Deployment Models
11.3.7.4.2. By Cloud Services Models
11.3.7.4.3. By Pricing Model
11.3.7.4.4. By Component
11.3.7.4.5. By Application
11.3.7.5. Rest of APAC
11.3.7.5.1. By Deployment Models
11.3.7.5.2. By Cloud Services Models
11.3.7.5.3. By Pricing Model
11.3.7.5.4. By Component
11.3.7.5.4.1.1.1.1. By Application
11.4. RoW
11.4.1. By Country
11.4.2. By Deployment Models
11.4.3. By Cloud Services Models
11.4.4. By Pricing Model
11.4.5. By Component
11.4.6. By Application
11.4.7. Key Country-wise Insights
11.4.7.1. Brazil
11.4.7.1.1. By Deployment Models
11.4.7.1.2. By Cloud Services Models
11.4.7.1.3. By Pricing Model
11.4.7.1.4. By Component
11.4.7.1.5. By Application
11.4.7.2. Argentina
11.4.7.2.1. By Deployment Models
11.4.7.2.2. By Cloud Services Models
11.4.7.2.3. By Pricing Model
11.4.7.2.4. By Component
11.4.7.2.5. By Application
11.4.7.3. GCC
11.4.7.3.1. By Deployment Models
11.4.7.3.2. By Cloud Services Models
11.4.7.3.3. By Pricing Model
11.4.7.3.4. By Component
11.4.7.4. South Africa
11.4.7.4.1. By Deployment Models
11.4.7.4.2. By Cloud Services Models
11.4.7.4.3. By Pricing Model
11.4.7.4.4. By Component
11.4.7.4.5. By Application
12. Competitive Landscape
12.1. Market Share Analysis
12.2. Key Strategic Developments
12.2.1. Overview
12.2.2. Mergers & Acquisitions
12.2.3. Expansions & Investments
12.2.4. New Product Developments
12.3. Competitive Matrix
13. Company Profiles
13.1. Introduction
13.2. IBM
13.2.1. Company Overview
13.2.2. Product Portfolio
13.2.3. SWOT Analysis
13.2.4. Strategic Development Activities
13.2.5. Converged Markets’ View
13.3. Dell
13.3.1. Company Overview
13.3.2. Product Portfolio
13.3.3. SWOT Analysis
13.3.4. Strategic Development Activities
13.3.5. Converged Markets’ View
13.4. CareCloud
13.4.1. Company Overview
13.4.2. Product Portfolio
13.4.3. SWOT Analysis
13.4.4. Strategic Development Activities
13.4.5. Converged Markets’ View
13.5. ClearData Networks
13.5.1. Company Overview
13.5.2. Product Portfolio
13.5.3. SWOT Analysis
13.5.4. Strategic Development Activities
13.5.5. Converged Markets’ View
13.6. CareStream Health
13.6.1. Company Overview
13.6.2. Product Portfolio
13.6.3. SWOT Analysis
13.6.4. Strategic Development Activities
13.6.5. Converged Markets’ View
13.7. Merge Healthcare
13.7.1. Company Overview
13.7.2. Product Portfolio
13.7.3. SWOT Analysis
13.7.4. Strategic Development Activities
13.7.5. Converged Markets’ View
13.8. GNAX Health
13.8.1. Company Overview
13.8.2. Product Portfolio
13.8.3. SWOT Analysis
13.8.4. Strategic Development Activities
13.8.5. Converged Markets’ View
13.9. IRON Mountain
13.9.1. Company Overview
13.9.2. Product Portfolio
13.9.3. SWOT Analysis
13.9.4. Strategic Development Activities
13.9.5. Converged Markets’ View
13.10. VMware
13.10.1. Company Overview
13.10.2. Product Portfolio
13.10.3. SWOT Analysis
13.10.4. Strategic Development Activities
13.10.5. Converged Markets’ View
13.11. Cisco System
13.11.1. Company Overview
13.11.2. Product Portfolio
13.11.3. SWOT Analysis
13.11.4. Strategic Development Activities
13.11.5. Converged Markets’ View
13.12. GE Healthcare
13.12.1. Company Overview
13.12.2. Product Portfolio
13.12.3. Strategic Development Activities
13.12.4. Converged Markets’ View
13.13. Athena Health
13.13.1. Company Overview
13.13.2. Product Portfolio
13.13.3. Strategic Development Activities
13.13.4. Converged Markets’ View
14. Appendix
14.1. Discussion Guide
14.2. Additional Customizations
14.3. Disclaimer
The global healthcare cloud computing market is expected to grow at a CAGR of 21% from 2018 to 2025. Lower infrastructure, maintenance, and energy costs are some of the key demand drivers for cloud computing in healthcare market.
The cloud computing solutions qualify all the requirements by the healthcare industries, which can make its operations convenient and cost effective. Hence, these recent cloud technologies provide opportunities to healthcare sectors to improve their services for the patients, develop operational facilities, share information effortlessly, and reduce the expenses. It assists the doctors to access the patients’ records, even if they are miles away. Thus, the use of cloud technologies in healthcare is beneficial to the patients and the doctors across the globe.
Infrastructure-as-a-Service (IaaS), which includes virtualized servers, storage, networking, firewalls, backups, recovery, archiving, and associated management tools, had the largest market share during the forecasted period. The Platform-as-a-Service (PaaS) segment has also observed growth as it has improved developer efficiency, faster software applications for the users, and enhanced infrastructure. The global healthcare cloud computing market is segmented on the basis of the deployment model, cloud service model, pricing model, components, application, and geography. By geography, the cloud computing in the healthcare market is categorized in four regions such as North America, Europe, APAC, and RoW. North America, primarily the U.S., is the largest contributor in this market due to the various regulatory changes, which mandated the adoption of electronic medical records. These includes Transition from ASC x12 version 4010 to 5010 claims processing transactions, Conversion from ICD-09 to ICD10 clinical diagnosis codes, Meaningful Use rules of American Recovery and Reinvestment Act (ARRA), and Health Information Technology for Economic and Clinical Health Act (HITECH).
Fig. 1 Global Cloud Computing in Healthcare Market Size (USD Million), By Region, 2017
The key industry players operating the healthcare cloud computing market include, IBM, Dell, CareCloud, ClearData Network, CareStream Health, Merge Healthcare, IRON Mountain, GE Health, Cisco System, and Athena Health.
Key Developments in cloud computing in healthcare market
In January 2018, MediStreams appointed IBM Cloud as healthcare provider in billing solutions; and in September 2017, Iron Mountain introduced management services and cloud backup.
