Global Healthcare Cloud Computing Market to Grow at a CAGR of 15.6% During 2024-2032, Driven by the Increasing Adoption of Big Data Analytics And Wearable Healthcare Devices

North America holds a significant market portion of the healthcare cloud computing market share due to the presence of IT healthcare companies with their headquarters in the U.S., including the 3M Company, Cerner Corporation, McKesson Corporation, and others.

According to industry reports, heart disease claimed the lives of about 695,000 Americans in 2021, accounting for 1 in 5 fatalities. The need for mobile health is expected to increase due to the region’s ageing population, which is more likely to experience chronic illnesses such as neurological diseases, hypertension, diabetes, and cardiovascular disease.

Additionally, private equity acquisitions of healthcare have risen to more than USD 200 billion in 2021. With USD 14 billion in venture capital for health tech entrepreneurs, the amount almost doubled in 2020 compared to 2019. This leads to an expansion of the market for healthcare cloud computing.

Collaboration among leading companies fosters the research and development of the healthcare market. In November 2023, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. (NASDAQ: AMZN) company, partnered with Accenture (NYSE: ACN) to assist Merck (NYSE: MRK), known as MSD outside of the United States and Canada, in moving a significant portion of its IT infrastructure to AWS.

The complexity and breadth of AWS analytics and artificial intelligence (AI) services are being leveraged by Merck for important efforts in its manufacturing, research, animal health, and human health divisions, as well as for internal global support activities. In order to move key applications like SAP, machine learning (ML), and data warehousing to AWS, Merck chose Accenture as its professional services partner and AWS as its preferred cloud services provider. This will allow Merck to contribute to the acceleration of scientific research and discoveries.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis by Application, Service, Deployment, End Use, and Region:

• The market, on the basis of application, can be divided into clinical information system and non-clinical information system.

• On the basis of service, the market can be divided into software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS).

• Based on deployment, the market can be divided into private cloud, public cloud, and hybrid cloud.

• The various end uses for healthcare cloud computing include healthcare providers and healthcare payers.

• The major regional markets for healthcare cloud computing include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• According to the World Health Organisation (WHO), noncommunicable diseases (NCDs) account for 41 million annual deaths worldwide, equivalent to 74% of all fatalities. Additionally, the global burden of disease is predicted to reach 56% by 2030, with 70% of all fatalities worldwide attributed to chronic diseases. The growth rate of chronic diseases creates opportunities for the healthcare cloud computing market expansion.

• The increasing adoption of big data analytics, wearable healthcare devices, and IoT supports healthcare cloud computing growth. By 2030, 1 in 6 people will be aged 60 years or older globally. The growing geriatric population further contributes to the expanding demand for healthcare cloud computing.

• Medical personnel can more easily obtain real-time insights into every facet of their practice with the use of cloud computing. Additionally, individuals can use any internet-enabled device to view this data, which helps to improve quick decision-making. The user-friendly interface of cloud computing, such as the absence of the requirement of software installation and manual data storage, propels the market.

• Growing research and development, product development, and innovation in improved healthcare wearables positively influence the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global healthcare cloud computing market for the periods (2017-2023) and (2024-2032).

• The report also offers the historical (2017-2023) and forecast (2024-2032) markets for the applications, services, deployments, end uses, and major regions of healthcare cloud computing.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global healthcare cloud computing market are Amazon Web Services Inc., The athenahealth, Inc., CareCloud, Inc, Carestream Health Inc., ClearDATA Networks, Inc., IBM Corporation, Dell Inc., Iron Mountain Incorporated, Oracle Corporation, Siemens Healthcare GmbH, SAS Institute Inc., and e-Zest Solutions. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.