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Healthcare Cloud Computing - Global Strategic Business Report

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    Report

  • 555 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3502812

Global Healthcare Cloud Computing Market to Reach $153.1 Billion by 2030

The global market for Healthcare Cloud Computing estimated at US$40.1 Billion in the year 2022, is projected to reach a revised size of US$153.1 Billion by 2030, growing at a CAGR of 18.2% over the analysis period 2022-2030. Services, one of the segments analyzed in the report, is projected to record 19% CAGR and reach US$123.6 Billion by the end of the analysis period. Growth in the Software segment is estimated at 15.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $20.2 Billion, While China is Forecast to Grow at 20.8% CAGR

The Healthcare Cloud Computing market in the U.S. is estimated at US$20.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.2 Billion by the year 2030 trailing a CAGR of 20.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.2% and 16.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 17.4% CAGR.

Select Competitors (Total 115 Featured)

  • IBM Corporation
  • Huawei Technologies Co., Ltd.
  • AT&T, Inc.
  • GE HealthCare PLC
  • Allied Telesis, Inc.
  • Epic Systems Corporation
  • ExamWorks, Inc.
  • Dell Technologies, Inc.
  • DICOM Grid, Inc.
  • e-Zest Solutions Ltd.
  • Certintell
  • HR Cloud, Inc.
  • Euris
  • Hospify Limited
  • Dottli Oy

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Healthcare Cloud Computing Market

What is the estimated value of the Healthcare Cloud Computing Market?

The Healthcare Cloud Computing Market was estimated to be valued at $40.1 Billion in 2022.

What is the growth rate of the Healthcare Cloud Computing Market?

The growth rate of the Healthcare Cloud Computing Market is 18.2%, with an estimated value of $153.1 Billion by 2030.

What is the forecasted size of the Healthcare Cloud Computing Market?

The Healthcare Cloud Computing Market is estimated to be worth $153.1 Billion by 2030.

Who are the key companies in the Healthcare Cloud Computing Market?

Key companies in the Healthcare Cloud Computing Market include IBM Corporation, Huawei Technologies Co., Ltd., AT&T, Inc., GE HealthCare PLC, Allied Telesis, Inc., Epic Systems Corporation, ExamWorks, Inc., Dell Technologies, Inc., DICOM Grid, Inc. and e.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Healthcare Cloud Computing - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Rising Healthcare Costs & Migration to Value Based Care Spin World Healthcare Economics On its Head
  • Rising Healthcare Costs Outstripping Global GDP Growth Means the Healthcare System Needs to Adopt Cloud Computing to Rein-in Costs to Prevent Profitability From Taking a Hit: Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
  • As We Enter the Next Phase of Value-Based Care Payment Reform, There is Greater Need for Smarter Information Management & Sharing & Opportunity for Healthcare Cloud as a Key Enabler: % Share of Healthcare Payments in the U.S. By Type as of the Year 2021
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • India’s Second Wave Makes It Clear That Equity is Not a Part of Global Policy on Tackling COVID
  • What We Know So Far - “Vaccine Efficiency Against New Strains is Decreasing”
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
  • A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • A Retrospective Review of Year 2020 as the Worst Year in Humanity’s History that Left the World in Shambles & Industries and Markets Upended
  • Healthcare Cloud Computing: Definition, Scope & Importance
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rise of IT in Healthcare Provides the Cornerstone for the Rise & Rise of Healthcare Cloud Computing
  • Global Spending on Healthcare IT (In US$ Billion) for Years 2020, 2022, 2024 and 2026
  • High Costs of In-House Management of Healthcare Information Systems Drives Migration to Cloud
  • Here’s How the Cloud Helps Save Money & Optimize Costs
  • COVID-19 Accelerates Digitalization in Healthcare Benefiting Cloud as the Starting Point for the Digital Journey
  • Massive Shift Towards Telemedicine Spurs Adoption of Cloud Computing
  • Telehealth Visits in the U.S (In Million) for the Year 2020
  • Global Tele-Healthcare Market (In US$ Million) for Years 2020, 2022, 2024 and 2026
  • Here’s How the Cloud Enables Telemedicine Capabilities
  • Here’s How the Cloud is Taking Over All Facets of Healthcare Operations
  • Cloud Based Clinical Information Systems (CIS) Replaces Conventional CIS
  • Cloud Based EMR Score Over Traditional Client-Server Models
  • Cloud PACS Takes Imaging to the Cloud & Grows in Prominence
  • Strict Healthcare Data Compliance Pushes Up the Importance of HIPAA Compliant Cloud
  • Strict HIPAA Regulations Spur Interest in Private Cloud & Community Healthcare Cloud
  • Significance of Clouds that are HIPAA-Compliant
  • A Diverse Healthcare Environment & Need for Load Balancing Spur Interest in Hybrid Cloud
  • Growing Security Concerns Spur Adoption of Encryption & MFA in Public Healthcare Clouds
  • Big Data Spurs Cloud Adoption in Healthcare
  • Big Data Applications in Healthcare (In US$ Million) for Years 2020, 2022, 2024 and 2026
  • “The Cloud” is a Perfect Fit for Healthcare Big Data
  • Rise of E-Pharmacies Spurs Adoption of Cloud Computing
  • Global ePharmacy Sales Breakdown (In %) by OTC Drugs & Rx Drugs As of the Year 2021
  • What this Means for Cloud?
  • Cloud Enables Delivery of Personalized Healthcare. Here’s How
  • Cloud-based Drug Discovery Platforms Rise in Popularity
  • Cloud-Based Patient Billing & Claims Management Rises in Prominence
  • Cloud-Based Healthcare Robotics Gains Ground
  • Major Challenges Haunting Cloud Adoption in Healthcare
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Healthcare Cloud Computing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Healthcare Cloud Computing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 3: World 14-Year Perspective for Healthcare Cloud Computing by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 6: World 14-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 9: World 14-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for SaaS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for SaaS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 12: World 14-Year Perspective for SaaS by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for IaaS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for IaaS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 15: World 14-Year Perspective for IaaS by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Paas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Paas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 18: World 14-Year Perspective for Paas by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 21: World 14-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Pharmacies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Pharmacies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 24: World 14-Year Perspective for Pharmacies by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Diagnostic & Imaging Centers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Diagnostic & Imaging Centers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 27: World 14-Year Perspective for Diagnostic & Imaging Centers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 28: World Recent Past, Current & Future Analysis for Ambulatory Centers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 29: World Historic Review for Ambulatory Centers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 30: World 14-Year Perspective for Ambulatory Centers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 31: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 32: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 33: World 14-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 34: World Healthcare Cloud Computing Market Analysis of Annual Sales in US$ Million for Years 2016 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Healthcare Cloud Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Healthcare Cloud Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Healthcare Cloud Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Healthcare Cloud Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Healthcare Cloud Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Healthcare Cloud Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Healthcare Cloud Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Healthcare Cloud Computing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • REST OF WORLD
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • IBM Corporation
  • Huawei Technologies Co., Ltd.
  • AT&T, Inc.
  • GE HealthCare PLC
  • Allied Telesis, Inc.
  • Epic Systems Corporation
  • ExamWorks, Inc.
  • Dell Technologies, Inc.
  • DICOM Grid, Inc.
  • e-Zest Solutions Ltd.
  • Certintell
  • HR Cloud, Inc.
  • Euris
  • Hospify Limited
  • Dottli Oy