Market Forecast 2023-2031:
The Healthcare Cloud Infrastructure Market size was USD 56.3 Billion in 2022. Covid-19's impacts have been unprecedented and staggering on a global scale, with the pandemic leading to positive demand shocks for the healthcare cloud infrastructure market across all domains and regions. Between 2023 and 2031, the market is projected to grow at a CAGR of 23.9% from USD 47.75 billion in 2021 to USD 394.1 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.
The demand for healthcare cloud infrastructure systems and solutions is being driven by a number of factors, including the rising trend towards digitalization in healthcare, quickly rising costs, overburdened health systems, expanding data silos, rising network traffic, and the introduction of remote working. Businesses are continuously implementing hybrid cloud models to integrate various operations and functions in a multi-cloud environment, which improves facility administration. Additionally, these cutting-edge computing solutions give businesses the ability to manage data securely and dependably while delivering superior patient treatment with improved operational and clinical outcomes.
The healthcare sector's expanding access to cutting-edge technological solutions and the rise in cloud computing adoption to cut costs and increase flexibility, storage, and scalability are anticipated to drive the market's expansion. One of the main reasons fueling demand is the expanding IT infrastructure in developed nations. Care facilities must provide real-time data access ato its potential, which is anticipated to have a favorable effect on market expansion.
Market Drivers:
Integration of machine learning and artificial intelligence (AI) market growth:
The integration of machine learning and AI is a major driver of the global healthcare cloud infrastructure market. These technologies are being increasingly used in healthcare to improve patient outcomes, reduce costs, and enhance the efficiency of healthcare delivery. The adoption of machine learning and AI in healthcare requires a robust and scalable cloud infrastructure that can support large volumes of data and complex algorithms. Cloud infrastructure providers are investing heavily in developing cloud-based solutions that can support machine learning and AI applications in healthcare.
Increase in government and corporate investment is growing market:
The increase in government and corporate investment is another significant driver of the global healthcare cloud infrastructure market. Governments and corporations are investing heavily in healthcare IT infrastructure to improve the quality of healthcare delivery, reduce costs, and enhance patient outcomes. Cloud infrastructure providers are partnering with governments and corporations to develop cloud-based solutions that can meet the unique needs of the healthcare industry. Additionally, government initiatives such as the Health Information Technology for Economic and Clinical Health (HITECH) Act in the US and the National Health Service (NHS) Digital initiative in the UK are promoting the adoption of cloud-based healthcare IT solutions.
Market Trends:
Over the forecast period, the electronic health record (EHR) segment is anticipated to hold the largest market share :
The healthcare information technology (IT) market is rapidly evolving, with the electronic health record (EHR) segment being a significant component of the market. Here are some of the key market trends driving the growth of the EHR segment and why it is anticipated to hold the largest market share over the forecast period:
Increasing adoption by healthcare providers: Healthcare providers are increasingly adopting EHRs to improve patient care, streamline operations, and reduce costs. EHRs offer several benefits, such as reducing errors in medical records, improving coordination of care among healthcare providers, and enabling data-driven decision-making.
Integration with other healthcare IT solutions: EHRs are being integrated with other healthcare IT solutions, such as telehealth, population health management, and artificial intelligence (AI). This integration is expected to drive the adoption of EHRs further as healthcare providers seek to improve patient outcomes and reduce costs.
Advancements in EHR technology: EHR technology is continually advancing, with new features and functionalities being added regularly. For example, some EHRs now offer voice recognition technology, which allows healthcare providers to dictate notes into the EHR, saving time and improving accuracy.
Growing focus on patient-centered care: There is a growing focus on patient-centered care, which involves putting the patient at the center of the care process. EHRs can help support patient-centered care by providing patients with access to their medical records, enabling them to be more involved in their care and decision-making.
Market Restraining Factors:
Growing Organizational Concerns Regarding Data Security and Privacy of the market:
A significant restraint on the global healthcare cloud infrastructure market is the rise of organisational worries about data security and privacy. Large amounts of sensitive patient data, such as medical documents, personal information, and financial data, are produced and stored by the healthcare sector. Concerns about the security and privacy of patient data have been expressed as a result of the adoption of cloud-based healthcare solutions.
The recent occurrence of several high-profile data leaks has brought to light how susceptible healthcare data is to cyber attacks. Because of this, healthcare organisations are reluctant to implement cloud-based solutions without strong security and privacy measures in place. They are increasingly concerned about data security and privacy.
To address these concerns, cloud infrastructure providers are investing heavily in developing secure and compliant cloud-based solutions for the healthcare industry. They are partnering with healthcare organizations to develop solutions that meet regulatory requirements and provide robust security and privacy measures.
Scope of Healthcare Cloud Infrastructure Market Report:
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Healthcare Cloud Infrastructure Market. On the basis of historic growth analysis and current scenario of Healthcare Cloud Infrastructure market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Healthcare Cloud Infrastructure market. This further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Healthcare Cloud Infrastructure market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Healthcare Cloud Infrastructure market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.
The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
Market Players Analysis:
- Dell, Inc
- IBM
- Hewlett Packard Enterprise Development LP
- Microsoft Corporation
- Koninklijke Philips N.V.
- Oracle
- NTT DATA Corporation
- CareCloud, Inc.
- Salesforce
- E-ClinicalWorks
- Amazon Web Serices, Inc.
Healthcare Cloud Infrastructure Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2023-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Segmentation Analysis:
By Component
Hardware: Hardware components are a key segment of the healthcare cloud infrastructure market. This segment includes servers, storage, and network equipment that are used to build and deploy cloud-based healthcare solutions. Hardware providers are partnering with cloud infrastructure providers to develop hardware solutions that are optimized for the unique needs of the healthcare industry.
- Server: Servers are used to host and manage cloud-based healthcare applications and data. Cloud infrastructure providers are partnering with server manufacturers to develop servers that are optimized for healthcare workloads, including high-performance computing, data analytics, and machine learning.
- Storage: Storage is a critical component of cloud-based healthcare solutions, as healthcare organizations generate and store large volumes of data. Cloud infrastructure providers are partnering with storage manufacturers to develop storage solutions that are optimized for healthcare workloads, including data archiving, backup and recovery, and data analytics.
- Network: The network is a critical component of cloud-based healthcare solutions, as healthcare organizations require high-speed, reliable connectivity to access cloud-based applications and data. Cloud infrastructure providers are partnering with network equipment manufacturers to develop network solutions that are optimized for healthcare workloads, including telemedicine, remote patient monitoring, and healthcare data exchange.
Service: The service segment of the healthcare cloud infrastructure market includes software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS) offerings.
- Software-as-a-service (SaaS): SaaS offerings provide healthcare organizations with cloud-based applications that are hosted and managed by the cloud infrastructure provider. SaaS offerings are increasingly popular in healthcare, as they provide healthcare organizations with access to best-in-class applications without the need for extensive IT resources.
- Infrastructure-as-a-service (IaaS): IaaS offerings provide healthcare organizations with access to virtualized computing resources, including servers, storage, and networking equipment, that can be provisioned on-demand. IaaS offerings are popular in healthcare as they provide healthcare organizations with the flexibility and scalability needed to support dynamic healthcare workloads.
- Platform-as-a-service (PaaS): PaaS offerings provide healthcare organizations with a platform for developing and deploying custom healthcare applications. PaaS offerings are popular in healthcare, as they provide healthcare organizations with the tools and resources needed to develop and deploy innovative healthcare solutions.
By End User
Healthcare Providers: The healthcare provider segment of the healthcare cloud infrastructure market includes hospitals, diagnostic and imaging centers, and ambulatory centers. These healthcare providers are adopting cloud-based solutions to improve the delivery of healthcare services, streamline operations, and reduce costs.
- Hospitals: Hospitals are one of the largest users of healthcare cloud infrastructure solutions, as they generate and store vast amounts of data related to patient care, operations, and financials. Cloud-based solutions are being used to improve patient outcomes, optimize resource utilization, and reduce costs.
- Diagnostic and Imaging Centers: Diagnostic and imaging centers are also significant users of cloud-based solutions. Cloud-based solutions are being used to improve the speed and accuracy of diagnostic and imaging tests, as well as to improve patient access to these services.
- Ambulatory Centers: Ambulatory centers, such as clinics and urgent care centers, are increasingly adopting cloud-based solutions to improve the quality of care and increase patient satisfaction. Cloud-based solutions are being used to improve patient access to healthcare services, as well as to optimize workflows and reduce administrative burdens.
Healthcare Payers: The healthcare payer segment of the healthcare cloud infrastructure market includes private payers and public payers. These payers are adopting cloud-based solutions to improve the administration of healthcare benefits, optimize claims processing, and reduce costs.
- Private Payers: Private payers, such as insurance companies and managed care organizations, are adopting cloud-based solutions to improve the delivery of healthcare benefits, streamline operations, and reduce costs. Cloud-based solutions are being used to improve member engagement, optimize claims processing, and enhance data analytics capabilities.
- Public Payers: Public payers, such as government agencies and Medicaid programs, are also adopting cloud-based solutions to improve the administration of healthcare benefits, optimize claims processing, and reduce costs. Cloud-based solutions are being used to improve member engagement, optimize claims processing, and enhance data analytics capabilities.
Regional Snapshots:
Here are some regional snapshots of the healthcare cloud infrastructure market :
North America: North America is the largest market for healthcare cloud infrastructure, driven by factors such as the presence of well-established healthcare infrastructure, increasing adoption of cloud-based solutions, and the need for secure storage and easy accessibility of patient data. The US is the largest market in North America, followed by Canada.
Europe: Europe is the second-largest market for healthcare cloud infrastructure, driven by factors such as the increasing adoption of electronic health records (EHRs), government initiatives to promote healthcare IT, and the need for cost-effective and efficient healthcare solutions. The UK, Germany, and France are the major markets in Europe.
Asia Pacific: Asia Pacific is the fastest-growing market for healthcare cloud infrastructure, driven by factors such as the increasing adoption of healthcare IT solutions, growing healthcare expenditure, and increasing awareness about cloud-based solutions. China, India, and Japan are the major markets in the region.
Latin America: Latin America is a growing market for healthcare cloud infrastructure, driven by factors such as the increasing adoption of healthcare IT solutions, government initiatives to promote healthcare IT, and the need for cost-effective and efficient healthcare solutions. Brazil and Mexico are the major markets in the region.
Middle East and Africa: The Middle East and Africa are emerging markets for healthcare cloud infrastructure, driven by factors such as the increasing adoption of healthcare IT solutions, government initiatives to promote healthcare IT, and the need for efficient and secure storage of patient data. Saudi Arabia, UAE, and South Africa are the major markets in the region.
The report also helps in understanding Global Healthcare Cloud Infrastructure Market dynamics, structure by analyzing the market segments, and project the Global Healthcare Cloud Infrastructure Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Healthcare Cloud Infrastructure Market make the report investor’s guide.
Regional Analysis:
North America accounted for the highest xx% market share in terms of revenue in the Healthcare Cloud Infrastructure market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Healthcare Cloud Infrastructure. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Healthcare Cloud Infrastructure companies in economies such as Japan and China.
The objective of the report is to present comprehensive analysis of Global Healthcare Cloud Infrastructure Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
Healthcare Cloud Infrastructure Market Report is also available for below Regions and Country Please Ask for that
North America
Europe
- Switzerland
- Belgium
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Rest of Europe
Asia-Pacific
- India
- Australia
- Philippines
- Singapore
- South Korea
- Japan
- China
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
Latin America
- Mexico
- Argentina
- Peru
- Colombia
- Brazil
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest Of MEA
Key Industry Developments:
- In April 2022: With the new HPE Machine Learning Development System, Hewlett Packard Enterprise removed obstacles from the way businesses build and teach machine learning models at scale. The new system, which was specifically designed for Al, combines a machine learning software platform, computation, accelerators, and networking to build and train more precise Al models more quickly and at a larger scale.
- In March 2022: With Constellation Software Inc., Allscripts Healthcare Solutions revealed a deal to sell its Hospitals and Large Physician Practices business unit to N. Harris Computer Corporation. Hospitals and Large Physician Practices options include SunriseTM, Paragon®, Allscripts TouchWorks®, Allscripts® Opal, STARTM, HealthQuestTM, and dbMotionTM. After this acquisition, Allscripts will still be the owner of Veradigm's properties.
- In February 2022: In order to expand its portfolio of hybrid multi-cloud services and advance the company's hybrid cloud and AI plan, IBM acquired Neudesic, LLC. The following are a few well-known vendors in the worldwide healthcare cloud infrastructure market.
Report Coverage:
The report will cover the qualitative and quantitative data on the Healthcare cloud infrastructure market . The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Report Scope and Segmentations:
Study Period | 2023-31 |
Base Year | 2022 |
Estimated Forecast Year | 2023-31 |
Growth Rate | CAGR of 23.9% from 2023 to 2031. |
Segmentation | By Component, By Application, By End User, By Region |
Unit | USD Million |
By Component | - Software-as-a-service (SaaS)
- Infrastructure-as-a-service (IaaS)
- Platform-as-a-service (PaaS) Payers
|
By End User | - Hospitals
- Diagnostic & Imaging Centers
- Ambulatory Centers
- Private Payers
- Public Payers
|
By Region | - North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
- Latin America
- Middle East and Africa
|
Points Covered in the Report:
- The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Reasons to Purchase:
- To gain insightful analyses of the Healthcare Cloud Infrastructure market and have comprehensive understanding of the global market and its commercial landscape.
- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the Healthcare Cloud Infrastructure market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the Healthcare Cloud Infrastructure market. Besides the standard structure reports, we also provide custom research according to specific requirements.
Research Scope of Healthcare Cloud Infrastructure Market:
- Historic year: 2018- 2021
- Base year: 2022
- Forecast: 2023 to 2031
- Representation of Market revenue in USD Million
Healthcare Cloud Infrastructure Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: