According to the market insights, the global Healthcare Cloud Computing market is likely to reach USD55 billion by 2025. The cloud computing model offers an infrastructure to the healthcare industry that enables for enhanced use of resources at low initial capital investment. It also assists in thwarting the blockades of healthcare information technology solutions innovation and modernization. The Cloud Computing model has proved its capability of delivering advanced services at a lower cost.
The Global Healthcare Cloud Computing Market is largely driven by the escalating adoption of health IT solutions. Cloud computing model provides IT facilities to recover assets from the internet by utilizing web-based tools and applications. Moreover, it offers easy access to servers, storage, and databases in addition to a broad range of applications. It further gives flexibility over controlling data scalability, huge storage of clinical data, and quicker ease of access to digital medical records. Growing demand for cloud computing in patient billing to the cost-cutting process can boost up the business growth of the market throughout the projected timeframe. The globalization of key vendors in the pharmaceutical and biomedical industries and requirement of the establishment of research and development facilities are also predicted to foster the adoption of cloud computing in research and development activities in the healthcare industry.
The North America market is likely to make its dominance in the healthcare cloud computing market, due to the presence of a large number of pharmaceutical and biomedical companies. Escalating demand for e-prescribing, EHR systems, and EMR systems for assessing patient information, managing Big Data and offering superior outcomes can significantly surge the market growth during the forecast period.