DUBLIN, November 23, 2021–(BUSINESS WIRE)–The “Healthcare Cloud Computing – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Healthcare Cloud Computing Market to Reach $76.8 Billion by 2026
Global market for Healthcare Cloud Computing estimated at US$26.8 Billion in the year 2020, is projected to reach a revised size of US$76.8 Billion by 2026, growing at a CAGR of 18.7% over the analysis period.
Services, one of the segments analyzed in the report, is projected to grow at a 19.6% CAGR to reach US$70.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 15.9% CAGR for the next 7-year period. This segment currently accounts for a 24.6% share of the global Healthcare Cloud Computing market.
Key benefits offered by IT technologies that enable providers to tackle the healthcare value challenge, include development of evidence based care, enhancement in medical practice efficiencies, and significant cost savings, among numerous others. The proliferation of cloud computing in healthcare helps drive these benefits further by adding capabilities such as such as mobility, collaboration with patients and peers, easy archiving of electronic records, streamlined collaboration, ability to access and deploy high-powered analytics, telemedicine capabilities, and simplification of data storage challenges, among others.
loud computing technology also offers several benefits to healthcare providers such as hospitals, physician clinics, and health clinics that need quick access to large storage facilities and computing. With cloud computing, healthcare providers can easily share healthcare data across regions, thereby eliminating delays in patient treatment.
Cloud-based solutions also allow healthcare organizations to improve patient care and reduce costs of deploying IT infrastructure. Software as a Service (SaaS), for instance, has come as a boon for small-scale healthcare facilities keen on incorporating IT in their service delivery. SaaS has all the ingredients for small scale implementations, including low initial investments, and need for very less or no IT proficiency.
Major factor favoring adoption of cloud-based approaches to healthcare include cloud computing`s ability to allow mobilization of patient data among physicians, hospitals, and laboratories to provide improved services to patients and enhance operational efficiency.
Applications of cloud in the healthcare industry include physician order entry, electronic health records (EHRs), software for pharmacy and imaging use, revenue cycle management, claims management, and patient billing. Healthcare organizations are increasingly turning to cloud computing in order to reduce costs of storing …….
Source: https://finance.yahoo.com/news/global-healthcare-cloud-computing-markets-171900521.html