A report by Emergen Research highlighted that the global healthcare cloud computing market is projected to reach 90.46 billion USD by 2027, expanding rapidly due to growing demand for high information mobility.
The expansion of cloud computing in the healthcare industry would enable doctors to have easier access to patient information, and enhance healthcare professionals’ capabilities to provide patients with better medical care.
Growing Demand for Cloud-Supported Healthcare Services
Demand for cloud-supported healthcare systems, through incorporation of cloud services such as Platform-as-a-Service, is anticipated to increase.
Furthermore, investments and advancements in cloud services within the healthcare industry could also help reduce operational costs in hospitals to a significant extent. The enhanced cost efficiency may be attributed to reduction of costs on technology, equipment, and repairs.
The report surveys the competitive landscape of the major players in the healthcare industry, and profiles healthcare cloud computing manufacturers including Koninklijke Philips NV, Microsoft Corporation, Cisco Systems Inc., Infosys Limited, Omnicell, Inc., CitiusTech Inc., Salesforce.com, Inc., Sectra AB, Allscripts Healthcare Solutions, Inc., and International Business Machines Corporation (IBM).
Emergen Research predicts that North America will hold the largest share of the global healthcare cloud computing market from 2022 to 2027, as compared to other geographies such as Latin America, Europe, the Asia Pacific, and the Middle East and Africa. However, key findings from the report also suggest that the Asia Pacific market will have the most rapid pace of growth over the forecast period, due to increased development of, and demand for, healthcare services in the region.
Key Findings on Cloud Computing Adoption
Incorporation of cloud computing services in the healthcare sector facilitates and smoothens the treatment process for patients, by allowing patients’ medical data to be uploaded, synced, and exchanged by multiple healthcare facilities.
Emergen Research found that global healthcare systems were likely to increase support for non-clinical cloud computing services which store and protect information systems and data, for applications such as healthcare information sharing, fraud analysis, and billing and account management.
In the report, Emergen Research predicted that the private cloud segment would lead the global healthcare cloud computing market, with a market share of 18.0% from 2022 to 2027. Private cloud services would be preferred to public cloud services, since hospitals regularly compute and record their patients’ personal information.
In addition, the hybrid cloud market, which can facilitate healthcare providers’ integration of new technologies, is also expected to have a high compound annual growth rate (CAGR) of 17.8% from 2022 to 2027.
Notably, the report predicts strong governmental support for digitalisation and cloud upgrading initiative for the healthcare industry, since many countries around the world are still caught up in attempts to bolster and strengthen their healthcare services, to cope with new demands from the COVID-19 pandemic.
Ultimately, while security threats and challenges remain of concern to healthcare providers, the expansion of the global healthcare cloud computing market will be a welcome and necessary adaptation which can allow the healthcare industry to enhance ongoing digitalisation efforts and provide better service to patients.