PALM BEACH, Fla., Dec. 13, 2021 /PRNewswire/ — The cloud computing market in the healthcare sector was growing on its own but it has gotten an even bigger boost from the COVID-19 pandemic. Cloud computing has is the practice of using remote servers in place of local servers or networks to store, manage, and process the data. Therefore, the use of the cloud moves the data center infrastructure outside of the organization. The COVID-19 pandemic is expected to have a positive impact on the market for HER (Electronic Health Market). According to an article appearing in the Journal of the American Medical Informatics Association (JAMIA, the development, implementation, and evaluation of EHR-based data sharing networks and platforms and public health information systems are required in the fight against COVID-19. Since EHR systems can be multi-disciplinary, they can be utilized to collect and analyze data from public health departments, healthcare organizations, and socioeconomic indicators. This can be of immense importance while preparing to roll out programs designed to tackle COVID-19. A report from Mordor Intelligence added: “According to the Center for Medicare and Medicaid Services (CMS), EHR refers to an electronic version of patient health information that includes vital signs, patient demographics, progress notes, problems, past medical history, medications, laboratory data, immunizations, and radiology reports. Lack of interoperability prevented the sharing of this data. However, as companies are currently working to develop more patient-friendly interoperable devices, the situation is now changing. Complex healthcare systems require diverse EHR products so that information may be shared seamlessly. By enabling better workflows and reducing ambiguity, interoperable EHR allows data transfer between EHR systems and healthcare stakeholders much more easily. Thus, due to the factors mentioned above, the market is expected to witness a high growth rate over the forecast period. Active Companies in the markets today include Healthcare Triangle Inc. (NASDAQ: HCTI), Allscripts (NASDAQ: MDRX), Change Healthcare (NASDAQ: CHNG), Phreesia, Inc (NYSE: PHR), Accolade, Inc. (NASDAQ: ACCD).
Mordor projected that: “The healthcare cloud computing market was valued at USD 23,749.33 million in 2020, and it is expected to reach USD 52,303.35 million by 2026, registering a CAGR of 14.12% during the forecast period of 2021-2026. North America holds a significant share in the healthcare cloud computing market and is expected to show a similar trend over the forecast period. The United States is a leader in the healthcare cloud computing market, mainly due to the high adoption rate of healthcare IT services and the continuous financial and regulatory support from government agencies.”
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