Cloud computing is
one of the most commonly used applications in healthcare. Healthcare
organizations are highly concerned about the privacy and security of
patient information, and the pressure of managing the growing
healthcare data has driven the implementation of cost effective
solutions such as cloud computing. Therefore, healthcare companies
are accepting cloud computing as an effective solution for data
storage. This technology provides various benefits such as business
agility, privacy & security, reduced cost and so on. Increasing
utilization of information technology in the healthcare industry has
led to rising adoption of cloud computing by the global healthcare
cloud computing industry. However, this market faces major challenges
such as high initial investment and shortage of skilled work force.
Adoption of cloud computing by healthcare providers is projected to
significantly rise. Polycom, a U.S-based company that produces video
conferencing equipment, provides cloud-based on-demand video
conferencing solutions which helps to decrease on-premise
infrastructure costs. Cloud solutions for strong and retrieving data
are expected to reduce IT expenditure in healthcare institutions.
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The global
healthcare cloud computing market is expected to expand
substantially due to implementation of favorable regulatory acts,
growing investment from healthcare players, proliferation of high
speed internet, government organizations, public awareness, rising
demand for stringent regulatory compliance, new payment models, and
the implementation of the Patient Protection and Affordable Care Act.
The restraining factors for the global healthcare cloud computing
market are issues related to data privacy, rising number of cloud
data breaches, and data portability complications. There are
opportunities in global healthcare cloud computing market to
development responsible care organizations to increase scope for
healthcare cloud computing and Telecloud to create opportunities for
healthcare cloud computing market. Increase of cloud computing
solution for telemedicine is current trend for this market.
The global
healthcare cloud computing market is segmented by service, cloud
deployment model, application, end user, and by region. By service,
the market is divided into platform as a service, infrastructure as a
service, and software as a service. On the basis of cloud deployment
model, the market is segregated into public, private, and virtual
private cloud. By application, the market is further categorized into
clinical information system and non-clinical information system.
Clinical information system includes pharmacy information system,
computerized physician order entry, radiology information system,
electronic medical records and others. Non-clinical information
system covers revenue cycle management, automatic patient billing,
claim management and others. Based on end- user application, the
market is classified into healthcare payers and healthcare providers.
Non-clinical information system is the dominant segment in the global
healthcare cloud computing market. In clinical information system,
electronic medical record system is the dominant segment.
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Geographically, the
global healthcare cloud computing market is segmented into North
America, Europe, Latin America, Asia Pacific, and Middle East &
Africa. Each geographic market is sub-divided into selected countries
such as the U.S., Canada, U.K., Germany, Brazil, India, China, Japan,
and GCC countries. North America dominates the market because of
increasing use of mobile devices for healthcare facilities. However,
the market in Asia Pacific is expected to grow at the fastest rate
during the forecast period due to huge scope for growth and the
region can possibly dominate the market in the future.
The key players
operating in the healthcare cloud computing market include IBM
Corporation, Microsoft Corporation, CareCloud Corporation, Carestream
Health, Inc., Athenahealth, Inc., Cisco Systems, Inc. ClearData
Networks, Inc., EMC Corporation, Dell, Inc., Iron Mountain, Inc.,
Hewlett-Packard Company, IncMerge Healthcare, Inc., Oracle
Corporation and VMware, Inc. In order to gain competitive advantage
in the industry, key players are actively involved in providing
variation to products and services, and also indulging in continuous
new product launches. Collaborations, partnerships, and agreements
are some of the important strategies followed by market players to
stay ahead of the competition.
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