Healthcare Cloud Computing Market Report by Service Model (Software as a Service, Infrastructure as a Service, Platform as a Service), Cloud Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), Application (Clinical Information System, Non-clinical Information System), End User (Healthcare Providers, Healthcare Payers), and Region 2024-2032

Healthcare Cloud Computing Market Report by Service Model (Software as a Service, Infrastructure as a Service, Platform as a Service), Cloud Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), Application (Clinical Information System, Non-clinical Information System), End User (Healthcare Providers, Healthcare Payers), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4684
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Market Overview:

The global healthcare cloud computing market size reached US$ 45.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 142.6 Billion by 2032, exhibiting a growth rate (CAGR) of 13.3% during 2024-2032. The increasing prevalence of various health conditions, rising need for improved patient care, streamlined operations, and enhanced data-driven decision-making, and the introduction of mobile health (mHealth) applications are some of the major factors propelling the market.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 45.0 Billion
Market Forecast in 2032 US$ 142.6 Billion
Market Growth Rate (2024-2032) 13.3%


Healthcare cloud computing relies on remote servers and networks to store, manage, process, and share healthcare-related data and applications over the Internet. It enables healthcare organizations to access and utilize resources on-demand, promoting efficiency, collaboration, and scalability. It allows authorized users to access patient data and applications securely from various locations, facilitating remote work and patient care. It reduces the need for investing in and maintaining on-site hardware, minimizing capital expenditures, and enabling predictable operational costs. Besides this, it enables seamless integration and data sharing among different healthcare systems and aids in improving care coordination and information exchange.

Global healthcare cloud computing market

The rising prevalence of various chronic health diseases, increasing hospitalization, and the growing geriatric population are positively influencing the market. Additionally, the proliferation of the Internet of Things (IoT) devices and wearable technology in healthcare is contributing to the market growth. Apart from this, escalating demand for improved data interoperability and exchange between different healthcare systems and providers is promoting the adoption of cloud computing solutions as they facilitate the secure sharing of patient information across organizations and reduce duplicate tests and procedures. Furthermore, the introduction of mobile health (mHealth) applications that offer features like appointment scheduling, medication reminders, and health tracking is stimulating the market growth.

Healthcare Cloud Computing Market Trends/Drivers:

Digital transformation in the healthcare industry

Rapid digitalization in the healthcare industry and the rising need for improved patient care, streamlined operations, and enhanced data-driven decision-making are offering a favorable market outlook. Additionally, healthcare providers and organizations are increasingly adopting cloud computing solutions as they offer scalability, flexibility, and cost-efficiency. Apart from this, the increasing aging population worldwide and rising references of individuals for telemedicine services, remote patient monitoring, and online consultations are strengthening the growth of the market. Cloud computing services allow healthcare professionals to securely access patient data and collaborate across locations, which helps in improving overall patient care and accessibility to medical expertise.

Data-driven insights and health analytics

The continuous rise in healthcare data, including electronic health records, medical images, and patient-generated data is resulting in numerous challenges, which is catalyzing the demand for cloud computing techniques. Additionally, the increasing use of cloud computing solutions in processing and analyzing large data volumes to derive actionable insights is positively influencing the market. Moreover, various healthcare organizations are leveraging cloud-based health analytics platforms to gain a deeper understanding of patient populations, disease trends, and treatment effectiveness. Furthermore, the expansion of hospitals and clinics, coupled with the rising focus of healthcare providers on data-driven decision-making is promoting the adoption of cloud-based health analytics solutions.

Regulatory compliance and data security

The implementation of several regulatory standards, such as the Health Insurance Portability and Accountability Act (HIPAA), which mandates the protection and confidentiality of patient data is supporting the market growth. Additionally, leading cloud providers are investing in robust security measures, such as data encryption, authentication protocols, and regular security audits, to ensure the confidentiality and security of patient data. Cloud-based solutions can offer advanced disaster recovery capabilities, safeguarding against data loss due to unexpected events, such as natural disasters or cyberattacks. Apart from this, the increasing awareness among healthcare organizations about the importance of data security and compliance in maintaining patient trust is propelling the market growth.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Healthcare Cloud Computing Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global healthcare cloud computing market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on service model, cloud deployment model, application, and end user.

Breakup by Service Model:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Software as a Service
  • Infrastructure as a Service
  • Platform as a Service
     

Software as a service dominates the market

The report has provided a detailed breakup and analysis of the market based on the service model. This includes software as a service, infrastructure as a service, and platform as a service. According to the report, software as a service represents the largest market segment as it offers healthcare providers the convenience of accessing software applications and services over the Internet, eliminating the need for complex on-site installations. This accessibility enables healthcare professionals to access critical tools and information from anywhere, promoting efficient patient care and collaboration. Additionally, the subscription-based SaaS model eliminates upfront costs associated with purchasing and maintaining software. Apart from this, SaaS providers handle software updates, security patches, and maintenance tasks and enable IT staff to focus on more strategic initiatives and patient care. Moreover, they implement robust security measures, data encryption, and compliance with healthcare regulations like HIPAA, ensuring the confidentiality and integrity of patient information.

Breakup by Cloud Deployment Model:

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud
     

Public cloud accounts for the largest market share

A detailed breakup and analysis of the market based on the cloud deployment model has also been provided in the report. This includes private cloud, public cloud, and hybrid cloud. According to the report, public cloud holds the majority of the market share as it offers unparalleled scalability and flexibility, which allows healthcare organizations to adjust resources and computing power based on demand. Apart from this, they enable healthcare providers to quickly deploy applications and services, reducing the time required for implementation. Additionally, public cloud providers continually innovate, offering new features and tools that healthcare organizations can leverage without lengthy development cycles. Furthermore, it enables healthcare professionals to access applications and data remotely, promoting seamless collaboration and telemedicine initiatives. Cloud-based solutions support virtual consultations, remote patient monitoring, and secure data sharing, contributing to improved patient care and accessibility.

Breakup by Application:

  • Clinical Information System
    • Computerized Physician Order Entry
    • Electronic Medical Records
    • Radiology Information System
    • Pharmacy Information System
    • Others
  • Non-clinical Information System
    • Automatic Patient Billing
    • Revenue Cycle Management
    • Claims Management
    • Others
       

Non-clinical information system holds the largest market share 

The report has provided a detailed breakup and analysis of the market based on the application. This includes clinical information system (computerized physician order entry, electronic medical records, radiology information system, pharmacy information system, and others) and non-clinical information system (automatic patient billing, revenue cycle management, claims management, and others). According to the report, non-clinical information system represents the largest market segment as it streamlines various operational processes within healthcare organizations, such as billing, scheduling, inventory management, and human resources. Besides this, it offers sophisticated financial management tools, allowing healthcare providers to manage revenue cycles, claims processing, and financial reporting. Non-clinical information systems enhance accuracy and transparency in financial transactions, which leads to improved financial performance and resource allocation. Furthermore, non-clinical information systems implemented via cloud computing provide cost-effective solutions for healthcare organizations. Moreover, cloud-based non-clinical systems provide robust security measures and compliance tools that ensure sensitive patient and administrative information is adequately protected.

Breakup by End User:

  • Healthcare Providers
  • Healthcare Payers
     

Healthcare providers dominate the market

A detailed breakup and analysis of the market based on the end user has also been provided in the report. This includes healthcare providers and healthcare payers. According to the report, healthcare providers accounted for the largest market share as they handle large volumes of patient data, including electronic health records, medical images, and treatment histories. Cloud computing offers a scalable and secure platform for storing and managing this data, facilitating efficient access, sharing, and analysis. Apart from this, the shift towards patient-centric care drives healthcare providers to adopt technologies that enable personalized treatment plans and holistic patient management. Cloud computing allows providers to access comprehensive patient data across various settings, enhancing care coordination and supporting informed decision-making. Furthermore, healthcare providers face cost pressures while striving to deliver high-quality care, which encourages them to adopt cloud computing solutions to eliminate the need for substantial upfront investments in on-premises hardware and infrastructure.

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

North America exhibits a clear dominance, accounting for the largest healthcare cloud computing market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share since the region has a well-developed ecosystem of tech companies, research institutions, and startups that foster a culture of innovation and entrepreneurship. Additionally, the robust economy of the region supports the deployment of complex healthcare cloud computing systems and allows the allocation of resources to acquire and implement these solutions. Apart from this, the implementation of various stringent regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) promotes the adoption of healthcare cloud computing. Furthermore, collaborations between healthcare institutions, tech companies, and academic research centers in North America drive the development of innovative solutions, including cloud computing applications in healthcare.

Competitive Landscape:

Healthcare cloud computing companies are creating electronic health record (EHR) systems that allow healthcare providers to store, manage, and access patient data securely in the cloud. These systems enhance data accuracy, accessibility, and care coordination among different medical professionals, leading to improved patient outcomes. Additionally, many companies are providing cloud-based telemedicine platforms that facilitate remote patient consultations and virtual care. Apart from this, they are incorporating artificial intelligence and machine learning capabilities into their solutions. These technologies analyze medical images, patient data, and diagnostic information to assist healthcare professionals in making accurate and timely clinical decisions. Moreover, they are offering specialized platforms for storing, processing, and analyzing genomic data.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Allscripts Healthcare Solution Inc.
  • Amazon.com Inc.
  • Athenahealth Inc.
  • CareCloud Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • International Business Machines Corporation
  • Iron Mountain Inc.
  • Koninklijke Philips N.V.
  • Microsoft Corporation
  • Oracle Corporation
  • Siemens AG

Recent Developments:

  • In July 2020, Allscripts Healthcare Solution Inc. and Microsoft Corporation announced the extension of their long-standing strategic alliance to enable the expanded development and delivery of cloud-based health IT solutions.
  • In November 2021, Siemens Digital Industries Software and Amazon Web Services, Inc. (AWS) announced the expansion of their collaboration, which combines Siemens' deep industry expertise with cloud services from AWS to help industrial companies accelerate digital transformation in the cloud.
  • In October 2022, Oracle Corporation announced healthcare-oriented features for its fusion enterprise performance management (EPM), supply chain and manufacturing (SCM), and human capital management (HCM) suites.

Healthcare Cloud Computing Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Service Model
  • Cloud Deployment Model
  • Application
  • End User
  • Region
Service Models Covered Software as a Service, Infrastructure as a Service, Platform as a Service
Cloud Deployment Models Covered Private Cloud, Public Cloud, Hybrid Cloud
Applications Covered
  • Clinical Information System: Computerized Physician Order Entry, Electronic Medical Records, Radiology Information System, Pharmacy Information System, Others 
  • Non-Clinical Information System: Automatic Patient Billing, Revenue Cycle Management, Claims Management, Others
End Users Covered Healthcare Providers, Healthcare Payers
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Allscripts Healthcare Solution Inc., Amazon.com Inc., Athenahealth Inc., CareCloud Inc., Cisco Systems Inc., Dell Technologies Inc., International Business Machines Corporation, Iron Mountain Inc., Koninklijke Philips N.V., Microsoft Corporation, Oracle Corporation, Siemens AG, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the healthcare cloud computing market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global healthcare cloud computing market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the healthcare cloud computing industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global healthcare cloud computing market was valued at US$ 45.0 Billion in 2023.

We expect the global healthcare cloud computing market to exhibit a CAGR of 13.3% during 2024-2032.

The increasing deployment of healthcare cloud computing, as it assists in securely storing digital data over the internet while enabling efficiency, reachability, scalability, and collaboration in a cost-efficient manner, is primarily driving the global healthcare cloud computing market.

The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of healthcare cloud computing to real-time and remote detecting, tracking, and monitoring of the coronavirus-infected patients to avoid the spread of the infection.

Based on the service model, the global healthcare cloud computing market has been segmented into software as a service, infrastructure as a service, and platform as a service. Currently, software as a service holds the largest market share.

Based on the cloud deployment model, the global healthcare cloud computing market can be divided into private cloud, public cloud, and hybrid cloud. Among these, public cloud exhibits a clear dominance in the market.

Based on the application, the global healthcare cloud computing market has been categorized into clinical information system and non-clinical information system, where non-clinical information system currently accounts for the majority of the global market share.

Based on the end user, the global healthcare cloud computing market can be bifurcated into healthcare providers and healthcare payers. Currently, healthcare providers exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global healthcare cloud computing market include Allscripts Healthcare Solution Inc., Amazon.com Inc., Athenahealth Inc., CareCloud Inc., Cisco Systems Inc., Dell Technologies Inc., International Business Machines Corporation, Iron Mountain Inc., Koninklijke Philips N.V., Microsoft Corporation, Oracle Corporation, and Siemens AG.

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Healthcare Cloud Computing Market Report by Service Model (Software as a Service, Infrastructure as a Service, Platform as a Service), Cloud Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), Application (Clinical Information System, Non-clinical Information System), End User (Healthcare Providers, Healthcare Payers), and Region 2024-2032
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