Cloud Computing in Healthcare Industry Segmented By Platform as a service (Paas), Infrastructure as a software (Iaas), Software as a service (Saas) Service Model
Industry: IT and Telecommunication
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP3305
As of 2022, worldwide demand for healthcare cloud computing market had a valuation of US$ 39,401.2 Mn and is projected to reach US$ 228,357.0 Mn by the end of 2033. Over the course of the forecast period (2023-2033), the healthcare cloud computing market is anticipated to grow at a CAGR of 17.4%.
Cloud computing in healthcare defines the practise of executing remote servers accessed through the internet to store, manage, and process healthcare-related data. This contrast is used when establishing an on-site data centre with servers or hosting the data on a personal computer. The purpose of healthcare cloud computing is to enhance real-time data collection and improve accessibility to the data. This technology has beaten the conventional paper healthcare system as it offers more speed and efficiency in data handling.
The high-speed internet across the globe is one factor driving the growth of the healthcare cloud computing market. The increase in adoption of wearable devices, big data analytics, and IoT in the healthcare sector and the advancement of new payment models and cost-efficiency of the cloud accelerate the market's growth. The healthcare cloud computing market is growing immensely, but some factors will restrict the growth of the market.
In terms of the regional market landscape, the market in North America held a leading market share of 32.1% in the global landscape in 2022 and is expected to retain its leading position throughout the forecast period. Meanwhile, demand for healthcare cloud computing in the Europe region will hold around 17.8% of the market in 2022.
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Healthcare Cloud Computing Market Size (2023) |
US$ 45,822.2 Mn |
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Projected Market Value (2033) |
US$ 228,357.0 Mn |
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Global Market Growth Rate (2023-2033) |
17.4% |
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Clinical Information System (CIS) Segment Market Share (2022) |
61.4% |
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U.S. Market Share (2022) |
22.9% |
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Software as a Service Segment Market Share (2022) |
39.2% |
“Boost in Digitization to Increase Efficiency”
The healthcare cloud computing service providers are expected to specially focus on the problems associated with the current cloud computing process, and this is expected to create lucrative business opportunities for them. Several companies have already emerged as leaders in the healthcare cloud computing market.
The increasing trend in hospitals and other healthcare infrastructure is to adopt technology to reduce errors and increase efficiency. The system has developed in demand to clear up confusion among users and give them reliable and easy-to-access solutions as per their requirements in the healthcare cloud computing market.
The difficulty of this platform is being overcome by integrating other platforms to make it work effortlessly. In digitization, cloud transformation solutions have shifted toward cloud infrastructure.
“Adaptation of IoT in healthcare sector”
The U.S. is the most lucrative market for healthcare cloud computing in the North American region and is expected to maintain this position across the forecast period as well. The demand for healthcare cloud computing in this country is witnessing significant development in the market such as the increasing adoption of wearable devices, big data analytics, and IoT in the healthcare sector; and the advancement of technology in new payment models and the cost-efficiency of the cloud. These are some key factors that will influence market development through 2033.
In 2022, the U.S. healthcare cloud computing market helped the country to account for a dominant share of 22.9% in the global marketplace.
“Technological advancement influence the growth of healthcare cloud computing”
Different platforms in several Asian countries such as Japan, Korea, India, and China is a prime trend that is expected to demand for healthcare cloud computing market in the future. Japan is expected to emerge as a highly lucrative market owing to the next generation information system.
Demand for healthcare cloud computing market in Korea is also anticipated to rise due to the influence of similar prospects. The care providers, administrative process such as issuing invoices for payment and reimbursement and to meet the mobility needs of patients.
“Germany & United Kingdom to be Opportune Regional Markets”
The availability of advanced healthcare cloud computing services enabled the growing adaptation of new technology, including health monitoring systems, on a subscription basis rather than investing huge amounts of money in Germany. Germany is one of the largest economies in the European Union, has a large population, and the percentage of people over 65 is higher than the European average, according to a survey conducted by the European Commission.
Due to these reasons healthcare cloud computing market in Germany held the market share of 14.7% in 2022.
How Clinical Information System (CIS) will increase demand in future?
Based on application, the market is segmented into the clinical information system segment and the non-clinical information system segment. In 2022, clinical information systems accounted for 61.4% of the global market share and are expected to maintain their position over the next ten years. The clinical information systems provide tremendous opportunities to decrease clinical errors, such as medication errors and diagnostic errors, by healthcare professionals by offering updated patient information. They assure an improvement in the workflow and efficiency of care. Hence, this will boost the overall quality of healthcare allowing the segment to hold the largest market share.
Why Software as a Service Show Lucrative Growth in Healthcare Cloud Computing Market?
The market is divided into software as a service and hardware as a service based on the service model. SaaS accounted for 39.2% of the global market share and is expected to hold that position over the next ten years. The SaaS solutions reduce deployment time by coordinating application delivery services. By integrating AI solutions, SaaS platforms foster self-learning. Factors such as electronic medical records, digital imaging, therapy, and real-time patient monitoring show lucrative growth in the healthcare cloud computing market.
Major healthcare cloud computing companies are collaborating and partnering with other organizations to provide more efficient solutions.
Recent developments related to key players providing Healthcare Cloud Computing solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
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Attribute |
Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2017-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Applications:
By Deployment Model:
By Service Model:
By Component:
By Region:
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In 2022, demand for healthcare cloud computing accounts for a valuation of US$ 39,401.2 Mn.
The global healthcare cloud computing market is estimated to advance at a phenomenal 17.4% CAGR through 2033.
The market for healthcare cloud computing is forecasted to climb to US$ 228,357.0 Mn by 2033 end.
Demand for healthcare cloud computing market in U.K. is projected to rise at an astronomical CAGR of 18.2% over the next ten years.
In 2022, the North America healthcare cloud computing market held a dominant market share of 32.1%.
