PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400981
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400981
Asia Pacific Healthcare Cloud Computing Market size was valued at USD 9,125 Million in 2022, expanding at a CAGR of 18.6% from 2023 to 2030.
Post COVID-19 pandemic the healthcare cloud computing market has witnessed significant growth. One of the biggest issues facing the healthcare sector has been managing a massive volume of data, especially considering the pandemic's increased demand. Cloud computing has been and may continue to be a major assistance in this area for gathering, storing, and analyzing data to further enhance healthcare operations. By decentralizing the system, cloud-based solutions allow healthcare organizations to only pay for the resources they utilize.
Healthcare Cloud Computing Market- Market Dynamics
Increasing access to advanced technology, such as machine learning, the rise in the adoption of information technology is expected to propel market demand
Increased access to cutting-edge technologies like machine learning, the rise in the use of IT in the healthcare industry, and the use of the cloud to cut costs and enhance scalability, storage, and flexibility are the main factors driving the growth of the Asia Pacific healthcare cloud computing market. Healthcare executives are embracing the benefits of software as a service (SaaS) and the cloud after the outbreak forced them to innovate and adapt in ways they had never done before. As a result, cloud computing is becoming more and more in demand as information technology developments in the life sciences and healthcare are adopted more widely. For example, according to a June 2022 Philips survey, 66% of healthcare infrastructure is shifting towards cloud solutions.
Healthcare Cloud Computing Market- Key Insights
As per the analysis shared by our research analyst, the Asia Pacific market is estimated to grow annually at a CAGR of around 18.6% over the forecast period (2023-2030)
Based on Deployment segmentation, private segment was predicted to show maximum market share in the year 2022, The increasing adoption of cloud solutions at private hospitals, medicals is boosting the market growth.
Based on Service segmentation, software as a service was the leading market in 2022, due to increasing adoption of software and IT system in hospitals.
Based on Application segmentation, non-clinical information system was the leading market in 2022, due to increasing use of cloud system at major medical and clinical levels.
On the basis of country, China was the leading revenue generator in 2022 mainly due to the growing technology and IT service utilization and developing infrastructure.
The Asia Pacific Healthcare Cloud Computing Market is segmented on the basis of Deployment, Service, Application, and Region.
The market is divided into three categories based on Deployment: private, public and hybrid. The private segment dominates the market. The high acceptance rate of healthcare IT services is contributing to segment growth.
The market is divided into three categories based on Service: PaaS, IaaS, and SaaS. The Software as a service (SaaS) dominate the market and is likely to maintain its dominance during the forecast period. Several factors such as less charge of ownership, quick deployment time are expected to boost the segmental growth.
The market is divided into two categories based on Application: clinical information system, and non-clinical information system. The non-clinical information system segment dominates the market and is likely to maintain its dominance during the forecast period. Clinical information involves notes made by pharmacists, physicians, doctors, and prescriptions. In addition, huge clinical data is produced each year which makes radical need for laboratory information management, all these factors are mainly boosting the market growth.
Healthcare Cloud Computing Market- Country Insights
Country wise, this market is widespread into India, China, South Korea, Japan, Australia, Thailand, Indonesia, Philippines, Malaysia, Taiwan, Vietnam, Hong Kong, New Zealand, Singapore, Myanmar, and the rest of the Asia-Pacific (APAC) region.
It is anticipated that the necessity for the cloud computing system would grow due to rise in public responsiveness, an increasing need for strict regulatory compliance, upward venture from healthcare players like GE Healthcare, IBM, Cisco, and government organizations. Important players in the field have introduced tools and services that make it possible to gather and process vast amounts of medical data. Further, the companies are engaging in partnering and collaborating with each other to develop new technological solutions.
In September 2022, Bharti Airtel, a major communication services provider with about 358 million active users in India, and IBM announced their intention to work together to deploy Airtel's edge computing platform in India. This platform will comprise 120 network data facilities spread over 20 locations.
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC HEALTHCARE CLOUD COMPUTING MARKET KEY PLAYERS
Cisco Systems Inc
Koninklijke Philips NV
E-Zest Solutions
Allscripts Healthcare Solution Inc
Microsoft Corp
Iron Mountain Inc
Qualcomm Inc
Athenahealth Inc
GNAX Health
Dell Inc
EMC Corp
IBM Cor
VMware Inc
Oracle Corp
Others
ASIA PACIFIC HEALTHCARE CLOUD COMPUTING MARKET, BY DEPLOYMENT
Private
Public
Hybrid
ASIA PACIFIC HEALTHCARE CLOUD COMPUTING MARKET, BY SERVICE
PaaS
IaaS
SaaS
ASIA PACIFIC HEALTHCARE CLOUD COMPUTING MARKET, BY APPLICATION
Non-clinical Information System
Clinical Information System
ASIA PACIFIC HEALTHCARE CLOUD COMPUTING MARKET, BY REGION
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Malaysia
Taiwan
Vietnam
Hong Kong
New Zealand
Singapore
Myanmar
Rest of APAC