Global Healthcare Cloud Computing Market, by Cloud Deployment (Public, Private, and Hybrid), by Offerings (Services (Platform as a service (Paas), Infrastructure as a service (Iaas), Software as a service (Saas), and Hardware), by Application (Clinical Information System and Non-clinical Information System), by End User (Healthcare Providers and Healthcare Payers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 54,385.9 Million in 2022 and is expected to exhibit a CAGR of 15.6% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
The market players and non-profit organizations are engaged in strategies such as investment and funding, which is expected to aid in the growth of global healthcare cloud computing market over the forecast period. For instance, in August 2022, National Cancer Institute, a part of the National Institutes of Health, announced a grant of US$ 23 million to four academic institutions in the U.S. to establish centers of excellence that will conduct research on the role of telehealth in delivering cancer-related health care, a practice that became more prevalent during the COVID-19 pandemic.
Global Healthcare Cloud Computing Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
However, the COVID-19 pandemic had a negative impact on the global healthcare cloud computing market, owing to its disruption in supply chain and manufacturing activities. Supply chain and manufacturing activities in the U.S., China, the U.K. and other countries have been disrupted due to the lockdown. Furthermore, players in entire healthcare industry are facing major challenges on various fronts due to the COVID-19 pandemic. The major challenges include the supply of raw materials such as sensors, transmitters, cartridges, and X-ray tubes required for manufacturing imaging systems and other devices due to irregularities in transportation facility. Moreover, medical device distributors are experiencing irregular demand for products from the end users due to increasing number of patients suffering from COVID-19 and other life threatening disorders.
Global Healthcare Cloud Computing Market: Key Developments
In February 2022, Oracle, a U.S.-based multinational computer technology corporation, announced the acquisition of Cerner, an electronic medical records company, for US$ 28 billion. Oracle have undertaken task to make advancement in cloud business, and acquiring Cerner might give it an advantage in the potentially lucrative health cloud segment.
In January 2022, IBM, a multinational technology corporation, and Francisco Partners, a global investment firm that specializes in collaborating with technology companies, announced a definitive agreement in which Francisco Partners will acquire healthcare data and analytics assets from IBM.
Browse 27 Market Data Tables and 31 Figures spread through 156 Pages and in-depth TOC on “Global Healthcare Cloud Computing Market”- Forecast to 2030, Global Healthcare Cloud Computing Market, by Cloud Deployment (Public, Private, and Hybrid), by Offerings (Services (Platform as a service (Paas), Infrastructure as a service (Iaas), Software as a service (Saas), and Hardware), by Application (Clinical Information System and Non-clinical Information System), by End User (Healthcare Providers and Healthcare Payers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/healthcare-cloud-computing-market-944
Moreover, increasing adoption of inorganic strategies such as partnerships by the key players in the market is expected to drive the market growth over the forecast period. For instance, in May 2021, HCA Healthcare, Inc., a healthcare provider, and Google Cloud, a Google service, announced a multi-year strategic partnership for HCA Healthcare's innovative technology such as information technology to drive the company's digital transformation.
Key Takeaways of the Global Healthcare Cloud Computing Market:
- The global healthcare cloud computing market is expected to exhibit a CAGR of 15.6% during the forecast period due to the increasing adoption of inorganic strategies such as agreements by the key players in the market for developing breakthrough clinical decision support solutions from the cloud for analyzing the U.S. market. For instance, in September 2021, Innovaccer Inc., a health cloud firm, announced a three-year agreement with Roche to develop breakthrough clinical decision support solutions for the U.S. market on the Innovaccer Health Cloud, a product of Innovaccer Inc.
- Among end user, healthcare providers segment is estimated to hold a dominant position in the global healthcare cloud computing market over the forecast period, owing to the increasing adoption of the inorganic strategies by the key players in the market. For instance, in August 2021, GE Healthcare, a medical technology company, announced a strategic collaboration with Amazon Web Services (AWS), which provides on-demand cloud computing platform to deliver artificial intelligence (AI) and cloud based imaging health IT solutions to hospitals and healthcare providers.
- Among regions, North America is estimated to account for the largest market share in the global healthcare cloud computing market over the forecast period, owing to the increasing launch of cloud computing services by the market players. For instance, in June 2021, Hewlett Packard Enterprise, a multinational information technology company, announced the launch of new vertically optimized HPE GreenLake Cloud Services designed to deliver cloud experience for the application and workloads that organizations rely on to run their business.
- Major players operating in the global healthcare cloud computing market include IBM Corporation, Athenahealth, Siemens Healthcare GmbH , Koninklijke Philips NV, Allscripts Healthcare Solutions, Fujifilm Holdings, General Electric Company, AGFA Healthcare, Carestream Health, Inc., and Carecloud Corporation
