(PharmaNewsWire.Com, March 05, 2019 ) The key factors driving the growth of this market include increasing adoption of big data, wearable devices, and IoT in healthcare; advantages of cloud usage (such as improved storage, flexibility, and scalability of data); implementation of healthcare reforms such as the Patient Protection and Affordable Care Act; and the dynamic nature of health benefit plan design.
The global healthcare cloud computing market is expected to reach USD 44.93 billion by 2023 from USD 19.46 billion in 2018, at a CAGR of 18.2%.
Objectives of the Study
# To define, describe, and forecast the global market by application, deployment model, pricing model, service model, component, end user, and region.
# To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges).
# To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
# To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders.
# To forecast size of market segments in North America, Europe, Asia Pacific, and RoW.
# To strategically profile key players in the global market and comprehensively analyze their core competencies.
# To track and analyze competitive developments such as mergers and acquisitions; product developments; agreements, partnerships and collaborations; and research and development activities in the market.
North America to dominate the market in 2018
In 2018, North America held the largest share of the healthcare cloud computing market, followed by Europe. Factors such as the increasing adoption of EHRs among medical professionals and active participation by private sector players in the development of the healthcare industry in that region are contributing to the dominant share of this region.
Agreements, partnerships, collaborations, alliances, expansions, acquisitions, and product launches were the major strategies adopted by key players to achieve growth in this market. Agreements, partnerships, collaborations, and alliances accounted for 45.3% of the total strategies adopted by the players in this market. The key players that adopted this strategy include IBM (US), Carestream Health (US), Siemens Healthineers (Germany), Philips (Netherlands), athenahealth (US), and GE Healthcare (US). For instance, in 2018, Carestream health (US) signed an agreement with Premier Inc. (US).
Premier Inc. (US) awarded a three-year group purchasing agreement to Carestream Health (US) for Enterprise Image Management Solutions. This agreement will allow Premier members to take advantage of Carestream’s Clinical Collaboration Platform featuring enterprise image management, vendor-neutral archiving, and Vue Motion enterprise viewer at special pricing and pre-negotiated terms.
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