The global healthcare cloud infrastructure market size was worth around USD 56.34 billion in 2022 and is predicted to grow to around USD 193.45 billion by 2030 with a compound annual growth rate (CAGR) of roughly 16.71% between 2023 and 2030.
The term “healthcare cloud infrastructure” refers to the cutting-edge, cutting-edge technical solutions employed by the healthcare sector and hosted in the cloud. Healthcare data, including medical records, are stored, managed, and accessed via remote servers, and this is the topic at hand.
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???? Market Analysis of Cloud-Based Healthcare Infrastructure
There is no need for a dedicated server room to house healthcare cloud technology, which is the primary distinction between it and more conventional on-premises IT systems. This frees hospital administrators from taking care of the nuts and bolts of patient data storage, protection, and retrieval.
Data stored in the cloud is guaranteed to be safe and readily accessible at any time. Over the past several years, the cloud infrastructure market in healthcare has grown rapidly due to the many benefits it provides, such as improved information management and lower costs. Improved patient care is the ultimate goal of any healthcare provider, and this correlates directly to that goal being met. Healthcare facilities in some countries have been compelled to embrace cloud services due to the implementation of regulations like the Electronic Medical Records (EMR) Mandate in the United States, while other countries are advocating the use of healthcare cloud infrastructure on a voluntary basis.
???? Key Takeaways:
• Our research analyst has revealed that the worldwide market for healthcare cloud infrastructure is expected to expand at a CAGR of roughly 16.71% between the years 2023 and 2030.
• The worldwide healthcare cloud infrastructure market was worth approximately USD 56.34 billion in 2022 and is expected to reach approximately USD 193.45 billion by 2030, in terms of revenue.
• The rising focus of healthcare providers on the effective management of emergent medical circumstances is expected to propel the healthcare cloud infrastructure market forward.
➤ Efforts to address patients’ immediate healthcare needs are increasing, which should boost the industry
Rapid expansion of the healthcare cloud infrastructure market is forecasted worldwide as healthcare providers work to improve their response times in cases of medical urgency. The extraordinary circumstances brought on by the COVID-19 pandemic, in which most hospitals and medical centers lacked the resources necessary to provide remote patient care, further contributed to the popularity of this concept. For instance, HCA Healthcare, the largest operator of healthcare facilities in the United States, and Google Cloud formed a partnership in April 2022 to share vital patient data. Details such as the number of available and used intensive care unit (ICU) beds, as well as the number of positive, negative, and still-pending Covid test results, were included.
Information on ventilator use and supply as well as discharged patients was also included. SADA systems oversaw the operation of the platform. Efforts have been made to improve the world’s medical infrastructure by organizations like the World Health Organization (WHO) and similar regional organizations.
➤ Rapid expansion of the healthcare sector may result from the widespread implementation of AI and VR
The growing adoption of AI and VR in healthcare has the potential to further facilitate cloud infrastructure’s expansion into the healthcare systems. For instance, AI is helping hospitals analyze massive amounts of medical data, tests, photos, and sensors to better identify and treat a variety of critical medical illnesses. In the past, AI has aided in the diagnosis of potentially fatal illnesses like stroke and cancer. Virtual reality is being used by doctors and nurses to provide a risk-free environment for their patients. The technology has also been shown to save time and money. GNS Healthcare’s use of machine learning (ML) to pair patients with the therapies most likely to improve their health is a shining example.
➤ The increasing frequency of cyberattacks and data breaches will hamper market growth
The rising amount of online dangers and data breaches seen around the world is expected to lead to some growth constraints within the healthcare cloud infrastructure market. Any breach of the confidentiality of patient health records stored by medical facilities would have devastating consequences. By relying on third-party cloud service providers, hospitals implicitly cede over control of patient data protection. Thales Group said in July 2023 that over 39% of cloud users have had data breaches. Over 200 businesses, including the US Department of Health and Human Services, were hit by a cyberattack on the file transfer platform MOVEit in June 2023.
➤ Regional restrictions on sharing patient information are being put in place by new legislation
Some countries’ laws prohibit the transfer of patient records between systems, and this restriction is not universal. Canada, for one, has enacted the Personal Information and Electronic Documents Act (PIPEDA), which regulates the collection, use, and disclosure of private information. To further monitor the flow of information, the European Union has established stringent data protection directives.
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The Global Healthcare Cloud Infrastructure Market is segmented based on product, application and region
Global Healthcare Cloud Infrastructure Market: Product Segment Analysis
● Services
● Hardware
Global Healthcare Cloud Infrastructure Market: Application Segment Analysis
● Healthcare Providers
● Healthcare Payers
The global healthcare cloud infrastructure market is led by players like:
● Netwave Systems B.V.
● DANELEC MARINE
● Consilium AB Publ
● Northrop Grunman Sperry Marine B.V.
● INTERCHALT
● Totem Plus Ltd.
● Japan Radio Co
● IBM
● Microsoft
● Dell Inc
● Hewlett Packard Enterprise Development LP
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➤ The revenue in North America will be the highest
During the projected period, North America is anticipated to lead the worldwide healthcare cloud infrastructure. In 2022, the region was responsible for more than 51% of worldwide income. One factor influencing regional preeminence is hospitals’ increased investment on technology as a result of patients’ growing familiarity and comfort with cutting-edge equipment. Revenue in the region has also benefited from the presence of important industry competitors and early adoption. It is expected that in the coming years, the demand for high-quality treatment will grow, and that proactive management of medical emergencies and greater command over available resources will become the primary motivators.
A collaboration between Allscripts Healthcare Solutions and Microsoft to advance cloud-based healthcare IT solutions was announced in July of 2020. By 2030, the Asia-Pacific area, led by China, Japan, and South Korea, and featuring a consistent adoption rate in India, is expected to become a global powerhouse. As a result of an increasing patient population, healthcare facilities in these nations require more effective patient management systems. Smaller service providers that can aid countries in achieving region-specific cloud solutions are likely to proliferate in these areas.
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