Inthe software segment is estimated to account for a major share of the healthcare and life sciences cloud computing market. To effectively store, as well as process this data, advanced computer with more computation power is required, and to have such systems in healthcare institution, healthcare providers will have to invest much more than what they have invested.
These are the key factors that are expected to drive the growth of this market. Inthe software-as-a-service SaaS segment is estimated to account for a major share of the healthcare and life sciences cloud computing market. Supportive government reforms, like Patient Protection and Affordability Care Act PPACAcoupled with innovations in cloud technology, are also expected to fuel the growth of the healthcare cloud computing market.
Company Snapshot Figure 45 Vmware, Inc.: With the increasing adoption of healthcare informatics, the healthcare information system service providers are significantly implementing the cloud-based software, as it comprises less investment and minimal support requirements, in terms of technology.
Hence, huge amounts needed to invest in a proper IT infrastructure set-up is restraining the healthcare providers to go for in-house set-up and cloud service.
Customization of the Report This report can be customized to meet your requirements. The need to reduce costs in the healthcare industry ecosystem is a key factor that is increasing the adoption of cloud computing. These factors are boosting the demand for the healthcare cloud computing market over the forecast period.
Over the years, the adoption of cloud computing in healthcare is likely to increase owing to the rising need to curtail healthcare costs and enhance the quality of healthcare, reforms of various countries benefiting healthcare IT, proliferation of new payment models and cost-efficiency of cloud technology, and implementation of the Patient Protection and Affordable Care Act PPACA are the major factors driving this market.
In addition, increasing adoption of IT to surge cloud computing and reduce healthcare costs are also expected to boost the industry demand from to Thus, the security concern over the transfer of such information on cloud is hindering the adoption of cloud computing in the healthcare sector.
What Information does this report contain? The potential opportunities to the industry include formation of care organizations to augment the scope for the industry.
Inthe private cloud segment is estimated to account for a major share of the healthcare and life sciences cloud computing market. Moreover, teleCloud and formation of Accountable Care Organizations ACOs are to create opportunities for healthcare cloud computing market.
On the basis of service model, this market is segmented into software-as-a-service SaaSinformation-as-a-service IaaSand platform-as-a-service PaaS. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Cloud computing also plays a vital role in patient billing and reduces capital expenditure which is associated with conventional mode of billing practices. Furthermore, the industry is further segmented on the basis of end user, which includes healthcare providers and healthcare payers.
However, the high cost involved in implementation of CIS is key restraint for the North American healthcare cloud computing market. The significance of cloud computing is expected to increase in the healthcare industry.
Registered hospitals are those hospitals that fulfill all the AHA criteria. The healthcare industry is facing increasing pressure to lower the costs associated with providing healthcare; adopt new systems that support electronic medical records EMR ; and share data in a quick and secure manner with other healthcare providers and government agencies.
The North American healthcare and life sciences cloud computing market is segmented on the basis of application, deployment model, service model, pricing model, component, end-user, and region. The high growth of this segment is attributed to the implementation of the HITECH Act, which has outlined the plans for the adoption of electronic health records.
Inthe healthcare provider segment is estimated to account for the largest share of the North American Healthcare Cloud Computing market. Furthermore, it improves the ability to track and analyze the data so that information on treatments, performance, costs and effectiveness studies can be analyzed and acted upon.
The market is expected to be dominated by the U. The pricing model segment is sub-segmented into pay-as-you-go model and the subscription-based cloud computing pricing model.
The private cloud segment is anticipated to account for the largest share of the overall industry share. The non-clinical information systems are segmented into revenue cycle management, automatic patient billing, payroll, claims management, cost accounting, and others.
Inthe software-as-a-service segment is expected to account for the largest share of the North American Healthcare Cloud Computing market. This increases the security of data being transferred on the cloud, which is the prime requirement in the healthcare industry.
Company Snapshot Figure 41 Dell Inc.: It is likely to reach more than USD 7 billion over the forecast period. Additionally, the lack of interoperability and industry standards is also hindering the growth of the market.
This market is expected to reach USD However, information such patient records, medical imaging data, and prescription records are to be kept confidential.The global healthcare cloud computing market is estimated at USD 4, million in and expected to reach USD 12, million ingrowing at a CAGR of %.
North American market. [ Pages Report] North American Healthcare Cloud Computing Market report categories the Global market by Application (PACS, RCM, EMR), by Deployment (Private, Public), by Service (SaaS, PaaS), by End-User (Providers, Payers, Life.
Press Release issued Jul 18, Cloud computing is increasingly being adopted by healthcare providers and payers in North America.
This report studies the North American healthcare cloud computing market over the forecast period of to This market was valued at $ billion in and is expected to grow at a CAGR of % from. The North American healthcare and life sciences cloud computing market is segmented on the basis of component, deployment model, pricing model, application, service model, end user and country.
North American Healthcare Cloud Computing Market-Forecast to Research and Markets has announced the addition of the "North American Healthcare Cloud Computing Market by Applications, Deployment, Service, Pricing & End Users - Forecast to " report to their offering. North American Healthcare Cloud Computing Market by Applications, Deployment, Service, Pricing & End Users - Forecast toDownload