Global Healthcare Cloud Computing Market: Overview
For the improvement in the data transportation and the data storage and to avoid the clerical activities the cloud computing technology is implemented in the healthcare sector. Cloud computing basically improves the accessibility of the data and its collection in the real time. The traditional ways of maintaining the data in ledgers and registers are eliminated and now with the help of cloud computing the data efficiency has improved and also the speed has doubled. Mainly, the cloud computing technology is used for remote patient monitoring.
Global Healthcare Cloud Computing Market: Segmentation
The healthcare cloud computing market is segmented globally into its application, service model, deployment model, pricing model, component, and end user. On the basis of the application, the global market is segregated into clinical information systems and nonclinical information systems. The clinical information systems segment is further sub-segmented into picture archiving and communication system (PACS), computerized physician order entry (CPOE), pharmacy information system (PIS), electronic medical records (EMR), radiology information system (RIS), laboratory information system (LIS), and others. The nonclinical information systems are sub-segmented into revenue cycle management (RCM), cost accounting, claims management, automatic patient billing (APB), payroll management systems, and others. Based on the service model, the market is divided into platform-as-a-service (PaaS), software-as-a-service (SaaS), and infrastructure-as-a-service (IaaS). On the basis of the deployment model, the global market is categorized into the hybrid cloud, private cloud, and public cloud. Depending on the pricing model, the market is classified as spot pricing and pay-as-you-go. On the basis of the component, the global market is segregated into services, hardware, and software. Based on the end user, the market is bifurcated into healthcare payers and healthcare providers.
Global Healthcare Cloud Computing Market: Growth Factors
The pharmaceutical industries are investing on a large scale to develop the treatment methods and to generate new generation drugs, thus the demand for healthcare cloud computing is increasing. Globalization of the vendors of biopharmaceutical and pharmaceutical industries and the increase in the need for R&D activities are the other factors that have given rise to the need to adopt the technology of cloud computing in the healthcare industry. The other benefits of using cloud computing are speeding up the data and the data accuracy. The drawback of using this technology is that the data which is shared is private and confidential can be leaked, that is, there is the lack of data security.
Global Healthcare Cloud Computing Market: Regional Analysis
Region-wise, the healthcare cloud computing market is diversified into Asia-Pacific, Europe, North America, and Rest of the World. The region that dominates the healthcare cloud computing market is North America. The presence of the world’s leading biopharmaceutical and pharmaceutical companies is the key factor that attributes the market growth. North America is followed by Europe and Asia-Pacific region. The developing healthcare industry in the emerging economies is a key factor that is driving the demand of the market.
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Global Healthcare Cloud Computing Market: Competitive Players
The key market players in the healthcare cloud computing market include CareCloud Corporation, Carestream Health, GNAX Health, Iron Mountain, Inc., VMware, Inc., athenahealth, Inc., ClearData Networks, Inc., Dell Inc., IBM Corporation, and Merge Healthcare, Inc.