The Global Healthcare Cloud Computing market is expected to grow at a CAGR of 14.5 per cent from 2021-2027 to reach US$ 80.5 billion by 2027.
A comprehensive overview of the healthcare cloud computing market has been prepared by UnivDatos Market Insights to its database. The healthcare cloud computing market report offers a detailed analysis of the latest industry developments and trending factors in the market that influence market growth. The statistical market research repository examines and estimates the healthcare cloud computing market at global and regional levels. The Global Healthcare Cloud Computing market is expected to grow at a CAGR of 14.5 per cent from 2021-2027 to reach US$ 80.5 billion by 2027.
COVID-19 Impact
The Covid-19 pandemic reinforced adoption of cloud technology in healthcare. The preference for virtual visits in the healthcare sector has received a boost through the adoption of cloud computing. The forecast suggests that the revenue of cloud-based healthcare solution providers would get doubled on account of surging virtual visits at an increased pace. Along with it, there’s hope of revenue doubling in 2021. Also, there has been a rise in the adoption of AI, ML, and big data for healthcare service providers for ease of operational efficiency. These are some of the reasons why the demand is witnessing an uptick across the globe.
Market overview
Surging digitisation coupled with advancement in technologies in the healthcare sector has resulted in a huge amount of data being released from patient medical records, list of equipment etc. The released data is in an unstructured, semi-structured form. To access such data and records helps in the ease of operations. That’s why cloud-based healthcare solutions are increasingly popular and adopted in some form or the other, globally.
The data helps workflow optimisation, gain efficiencies, lowering costs, and offer personalised services to patients. A recently-conducted survey points to the fact that approximately 83 per cent healthcare service providers use cloud for their core operation.
By Services, the market is primarily bifurcated into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS).
Amongst services, the SaaS segment grabbed the maximum market share, and it is expected to grow at a CAGR of 13.6 per cent to reach US$ 46.2 billion by the year 2027.
By Deployment, the market is primarily segmented into Private, Public and Hybrid. Amongst deployment type, private cloud segment accounted for the largest share and is expected to grow at 14.6 per cent CAGR during the forecast period 2021-2027. In 2019, the private cloud segment accounted for a revenue share of almost 38.7 per cent.
By Application, the market is primarily segmented into Clinical Information Systems and Non-Clinical Information Systems
In 2019, the non-clinic information system segment dominated the global healthcare cloud computing market with nearly 54.2 per cent of the market share and it is anticipated by 2027, the segment will garner US$ 42.4 billion of the market.
By End-User, the market is primarily fragmented into Healthcare providers, and healthcare insurance payers. Amongst end-users, healthcare providers accounted for the largest share and is expected to grow at 14.9 per cent CAGR during the forecast period 2021-2027. In 2019, the healthcare providers segment accounted for a revenue share of 68.4 per cent.
