Newly-released Healthcare Cloud Infrastructure Market analysis report by Future Market Insights shows that global sales of Healthcare Cloud Infrastructure Market in 2022 were held at US$ 45.1 Billion. With a CAGR of 23.9%, the market is projected to reach a valuation of US$ 464.1 Billion by 2033. The market is projected to gross an absolute dollar opportunity of US$ 409 Billion during the forecast period.
| Attribute | Details |
|---|---|
| Global Healthcare Cloud Infrastructure Market (2023) | US$ 55.1 Billion |
| Global Healthcare Cloud Infrastructure Market (2033) | US$ 464.1 Billion |
| Global Healthcare Cloud Infrastructure Market CAGR (2023 to 2033) | 23.9% |
| USA Healthcare Cloud Infrastructure Market CAGR (2023 to 2033) | 23.4% |
| Key Companies Profiled |
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As per the Healthcare Cloud Infrastructure Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market increased at around 20.6% CAGR, wherein, countries such as the USA, China, the United Kingdom, Japan, South Korea held a significant share in the global market.
The healthcare cloud infrastructure market is growing rapidly due to a significant surge in digitalization, artificial intelligence, and machine learning computing, rising cloud database infrastructure, and increasing capital expenditure. The efficient cloud database management system enhances the quality of treatment and care of individuals. Owing to this, the Healthcare Cloud Infrastructure market is projected to grow at a CAGR of 23.9% over the coming 10 years.
The adoption of data analytics, wearable devices, and the Internet of Things surges the demand for the healthcare cloud computing market. The Internet of Things in Healthcare Industry is expected to change the dynamics of the healthcare industry. Cloud infrastructure helps to collect information on individual and remote monitoring of patients in the healthcare industry.
Increased use of IoT solutions in healthcare is anticipated to spur market expansion over the forecast period. Market players including IBM, SAP SE, and Cisco Systems Inc. are leveraging IoT technologies and solutions to enhance healthcare products and services throughout their transactional activities.
Cloud computing allows access to the patient data to the manufacturer of the devices, services providers, doctors, and the patient as well. Cloud systems are integrated with healthcare organizations and represent a privacy and security safeguard for healthcare data by encrypting it with data hard forking and fine-grained access controls.
The significant increase in the adoption of electronic medical records and the increasing prevalence of digital outputs provide more potential for cloud solution providers. This use of data analysis is also beneficial in increasing the patient-centric service and improving recommendations for care based on insights from the collected information to provide better treatment options.
Principal Consultant
The market in the Asia Pacific is expected to showcase significant opportunities in the forthcoming years. In the recent past, Asia Pacific has emerged as one of the prominent hubs of data centers globally. This has created ample opportunity for cloud-based businesses operating in the region. While this implies a shift in the diversification of global locations, it also promises a significant opportunity for Healthcare Cloud Infrastructure Market.
The market in North America is expected to cross US$ 150 Billion by 2023, growing at a CAGR of over 20% from 2023 to 2033. The healthcare IT expenditure in the regions has been skyrocketing. The number of remote patient monitoring in the USA increased from 39.3 Million in 2021 to 45.1 Million in 2022. By 2025, this number is expected to swell to 70.6 Million. Besides, telemedicine appointments in the region have also surged which has consequently triggered the demand for healthcare cloud infrastructure in the region.
In 2020, more than 30% of Americans used wearable medical devices and this number has been constantly on the surge and a significant proportion of them are connected. All these factors imply to a significant market for healthcare cloud infrastructure in the region.
The market in North America is expected to reach a valuation of US$ 135 Billion by 2033. To transform business due to digitalization, organizations are adopting advanced cloud-based solutions. The prominent IT players are based out of the US itself. This helps to grow particular business segments in the US region.
The key players operating in the market in the country are IBM, Oracle, Microsoft, Amazon, and Salesforce. Besides, companies are also entering into technological collaborations to expand and co-develop innovative products and solutions. For instance, in July 2020, Microsoft and Allscripts Healthcare Solutions, Inc. entered into a strategic partnership to develop cloud-based healthcare IT solutions.
The market in the United Kingdom is expected to reach a valuation of US$ 32.9 Billion by 2033. Growing with a CAGR of 28.6% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of around US$ 30.2 Billion.
In Japan, the market is expected to grow at a CAGR of 23% from 2023 to 2033, reaching around US$ 17.5 Billion by 2033. The market in the country is expected to gross an absolute dollar opportunity of US$ 15.3 Billion during the forecast period.
The market in South Korea is expected to reach a valuation of around US$ 7.1 Billion by 2033, growing at a CAGR of 18% from 2023 to 2033. The market in the country is expected to witness an absolute dollar opportunity of around US$ 5.8 Billion.
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The Healthcare Cloud Infrastructure Services Market accounted for 19.8% CAGR from 2018 to 2022 and is expected to increase to 23.7% from 2023 to 2033.
The easy access and outsourcing of IT services can be availed for short- or long-term projects. The services are Software-as-a-service (SaaS), Infrastructure-as-a-service (IaaS), and Platform-as-a-service (PaaS). Almost all healthcare corporations due to digitalization and technological advancement are outsourcing SaaS as a service.
SaaS models cover a wide range of activities, from web-based to inventory control to database processing. However, Platform-as-a-Service (PaaS) will see significant growth due to an inventory of apps and customization of applications.
There are mainly two types of Healthcare Cloud Infrastructure. One is Healthcare Payers while the other is healthcare providers. Healthcare providers capture more market share than the payers and revenue through this end-user is projected to grow at 22.9% CAGR from 2023 to 2033.
The advantage of using this model in healthcare facilities is to secure offsite data storage management systems and eliminate the demand for in-house IT infrastructure. This has also reduced the cost and increased the scalability and flexibility of database management systems based out of cloud infrastructure.
While the healthcare payers are more focused on insurance companies and health plans. However, healthcare payers are also adopting IT infrastructure cloud computing services for the storage of data and management of high-risk patient data. Payers are adopting this model to minimize their capital expenditure.
The key players operating in the global healthcare cloud infrastructure market are Dell, Hewlett-Packard Enterprise Development LP, Microsoft, Oracle Corporation, and IBM.
A few of the recent developments in the Healthcare Cloud Infrastructure Market are:
The CAGR of the market is 23.9% through 2033.
In 2023, the market is anticipated to be worth US$ 55.1 billion.
By 2033, the market is anticipated to hit US$ 464.1 billion.
The market in the United Kingdom is gaining ground at a 28.6% CAGR.
North America market to exhibit a CAGR of 20% from 2023 to 2033.
During 2018 to 2022, the market grew at a CAGR of 20.6%.
From 2023 to 2033, healthcare providers are expected to experience growth at a 22.9% CAGR.
1. Executive Summary | Healthcare Cloud Infrastructure Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background and Foundation Data Points
4.1. Global Market (US$ Million)
4.2. Market Opportunity Assessment (US$ Million)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Market Growth
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
6.1. Historical Market Analysis, 2018 to 2022
6.2. Current and Future Market Projections, 2023 to 2033
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Component , 2018 to 2022
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Component , 2023 to 2033
8.3.1. Hardware
8.3.1.1. Server
8.3.1.2. Storage
8.3.1.3. Network
8.3.2. Services
8.3.2.1. Software-as-a-service (SaaS)
8.3.2.2. Infrastructure-as-a-service (IaaS)
8.3.2.3. Platform-as-a-Service (PaaS)
8.4. Market Attractiveness Analysis By Component
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Type , 2018 to 2022
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Type , 2023 to 2033
9.3.1. Healthcare Payers
9.3.2. Healthcare Providers
9.4. Market Attractiveness Analysis By Type
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Introduction
10.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022
10.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2023 to 2033
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Asia Pacific
10.3.5. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
11.4.1. By Country
11.4.1.1. USA
11.4.1.2. Canada
11.4.1.3. Rest of North America
11.4.2. By Component
11.4.3. By Type
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Component
11.5.3. By Type
12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By Component
12.4.3. By Type
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Component
12.5.3. By Type
13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. France
13.4.1.3. United Kingdom
13.4.1.4. Italy
13.4.1.5. Benelux
13.4.1.6. Nordic Countries
13.4.1.7. Rest of Europe
13.4.2. By Component
13.4.3. By Type
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Component
13.5.3. By Type
14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. China
14.4.1.2. Japan
14.4.1.3. South Korea
14.4.1.4. Rest of Asia Pacific
14.4.2. By Component
14.4.3. By Type
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Component
14.5.3. By Type
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. South Africa
15.4.1.3. Turkey
15.4.1.4. Rest of Middle East and Africa
15.4.2. By Component
15.4.3. By Type
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Component
15.5.3. By Type
16. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.1.1. Market Value Proportion Analysis, By Key Countries
16.1.2. Global Vs. Country Growth Comparison
16.2. US Market Analysis
16.2.1. Value Proportion Analysis by Market Taxonomy
16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.2.2.1. By Component
16.2.2.2. By Type
16.3. Canada Market Analysis
16.3.1. Value Proportion Analysis by Market Taxonomy
16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.3.2.1. By Component
16.3.2.2. By Type
16.4. Mexico Market Analysis
16.4.1. Value Proportion Analysis by Market Taxonomy
16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.4.2.1. By Component
16.4.2.2. By Type
16.5. Brazil Market Analysis
16.5.1. Value Proportion Analysis by Market Taxonomy
16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.5.2.1. By Component
16.5.2.2. By Type
16.6. Germany Market Analysis
16.6.1. Value Proportion Analysis by Market Taxonomy
16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.6.2.1. By Component
16.6.2.2. By Type
16.7. France Market Analysis
16.7.1. Value Proportion Analysis by Market Taxonomy
16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.7.2.1. By Component
16.7.2.2. By Type
16.8. Italy Market Analysis
16.8.1. Value Proportion Analysis by Market Taxonomy
16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.8.2.1. By Component
16.8.2.2. By Type
16.9. BENELUX Market Analysis
16.9.1. Value Proportion Analysis by Market Taxonomy
16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.9.2.1. By Component
16.9.2.2. By Type
16.10. UK Market Analysis
16.10.1. Value Proportion Analysis by Market Taxonomy
16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.10.2.1. By Component
16.10.2.2. By Type
16.11. Nordic Countries Market Analysis
16.11.1. Value Proportion Analysis by Market Taxonomy
16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.11.2.1. By Component
16.11.2.2. By Type
16.12. China Market Analysis
16.12.1. Value Proportion Analysis by Market Taxonomy
16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.12.2.1. By Component
16.12.2.2. By Type
16.13. Japan Market Analysis
16.13.1. Value Proportion Analysis by Market Taxonomy
16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.13.2.1. By Component
16.13.2.2. By Type
16.14. South Korea Market Analysis
16.14.1. Value Proportion Analysis by Market Taxonomy
16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.14.2.1. By Component
16.14.2.2. By Type
16.15. GCC Countries Market Analysis
16.15.1. Value Proportion Analysis by Market Taxonomy
16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.15.2.1. By Component
16.15.2.2. By Type
16.16. South Africa Market Analysis
16.16.1. Value Proportion Analysis by Market Taxonomy
16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.16.2.1. By Component
16.16.2.2. By Type
16.17. Turkey Market Analysis
16.17.1. Value Proportion Analysis by Market Taxonomy
16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
16.17.2.1. By Component
16.17.2.2. By Type
16.17.3. Competition Landscape and Player Concentration in the Country
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
17.4. Market Presence Analysis
17.4.1. By Regional footprint of Players
17.4.2. Product footprint by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. Dell, Inc.
18.3.1.1. Overview
18.3.1.2. Product Portfolio
18.3.1.3. Sales Footprint
18.3.1.4. Strategy Overview
18.3.2. Hewlett Packard Enterprise Development LP
18.3.2.1. Overview
18.3.2.2. Product Portfolio
18.3.2.3. Sales Footprint
18.3.2.4. Strategy Overview
18.3.3. Microsoft
18.3.3.1. Overview
18.3.3.2. Product Portfolio
18.3.3.3. Sales Footprint
18.3.3.4. Strategy Overview
18.3.4. Oracle
18.3.4.1. Overview
18.3.4.2. Product Portfolio
18.3.4.3. Sales Footprint
18.3.4.4. Strategy Overview
18.3.5. IBM
18.3.5.1. Overview
18.3.5.2. Product Portfolio
18.3.5.3. Sales Footprint
18.3.5.4. Strategy Overview
18.3.6. Salesforce
18.3.6.1. Overview
18.3.6.2. Product Portfolio
18.3.6.3. Sales Footprint
18.3.6.4. Strategy Overview
18.3.7. Amazon
18.3.7.1. Overview
18.3.7.2. Product Portfolio
18.3.7.3. Sales Footprint
18.3.7.4. Strategy Overview
19. Assumptions and Acronyms Used
20. Research Methodology
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Healthcare Cloud Infrastructure Market
