The report, developed by Persistence Market Research, provides key insights and research findings on the global market for healthcare cloud computing. The report probes the influence of cloud-based computing in the healthcare industry by assessing the benefits and the drawbacks in a comprehensive manner. The growing need for sharing patient or medication information among healthcare providers and pharmacists is a primary causal for emergence of healthcare cloud computing market. Hospitals and other medical organizations are becoming proponents of integrating cloud-computing in healthcare as it plays an instrumental role in reducing expenditure consumed by documented data transference. Conventional mode of billing is being actively replaced by electronic medical records and other clinical information systems (CIS) and recipients of healthcare services can now interact with professionals and monitor the facilities availed by them through cloud computing via mobile & smartphone applications. While the increasing capital influx from IT companies is profitably facilitating the global healthcare sector, risks of security breach and loss of confidential information, absence of skilled IT professionals in medical organizations, and growing skepticism on privacy of a patient’s health condition act as key restraints for growth of the global healthcare cloud computing market.
The report includes a regional overview of the global healthcare cloud computing market, which includes regions such as Asia-Pacific, North America, Europe and the Rest of the World (RoW). North America is bifurcated into the US and Canada, while Asia-Pacific includes countries such as Japan, China, and India. Europe is also segmented into constituent EU countries such as Russia, Germany, Italy, France, Spain and the UK, among others. Amidst all, North America’s healthcare cloud computing market will dominate globally, owing to rampant expansion of cloud computing in the US healthcare industry. Asia is also expected to register high growth due to increasing government expenditure on developing the region’s healthcare infrastructure.
The report fragments the growth of global healthcare cloud computing market by defining the dynamics of the market, which are governed by trends, opportunities, drivers and restraints, and a distinguished expansion of the market into aforementioned regions. Values and statistical data embedded in the report are estimated and calculated from 2013 as the base year, and for the six-year forecast period of 2014 to 2020. In the report, growth of the global healthcare cloud computing market is further stratified on the basis of deployment model such as private clouds, public clouds, community clouds and hybrid clouds, and on the basis of applications such as non-CIS and CIS. Among the CIS applications, healthcare cloud computing can be categorized into computerized physician order entry (CPOE) system, electronic medical records (EMR), picture archiving and communication systems (PACS), pharmacy information system (PIS), laboratory information system (LIS), and radiology information system (RIS). The global healthcare cloud computing market is also segmented into components, which include hardware, services and software. On the basis of service model, the global healthcare cloud computing market includes segments such as platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and software-as-a-service (SaaS). The report concludes with detailed profiling of the global healthcare cloud computing market by recognizing contribution of leading companies participating in the market on the basis of their business expansion strategies and future prospects.
To deduce the global healthcare cloud computing market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by deployment model, type of CIS, components, service model, and applications; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global healthcare cloud computing market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global healthcare cloud computing market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the global healthcare cloud computing market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global healthcare cloud computing market. Further, to understand key segments in terms of their growth and overall global healthcare cloud computing market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global healthcare cloud computing market.
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