The medical cloud market is projected to grow at a CAGR of 22.23% during the forecast period, reaching a total market size of US$47.268 billion in 2024 from US$14.175 billion in 2018. The medical and health care sector is witnessing continuous technological advancements. Cloud computing systems have made the healthcare sector more cost-efficient and convenient. A rise in the adoption of information technology in the health care sector has boosted the growth of the market. Stringent regulations, increasing awareness and increasing investments by the key players are driving the market of the medical cloud computing market. However, the complex infrastructure of medical cloud is sometimes not very easy to understand and impact negatively on the market growth. Security breaches are also a major concern of healthcare providers while choosing a cloud solution. Geographically, the North America region is expected to have a significant market share on account of the early adoption of healthcare IT services and continuous support and government support.
The “Medical cloud Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by deployment, service, application, and geography.
The medical cloud market has been segmented based on deployment, service, application, and geography. By deployment, the market has been segmented into public, private, and hybrid. By service, the market has been segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), Platform as a Service (PaaS). By application, the market has been classified into clinical applications and non-clinical applications.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the medical cloud market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the medical cloud market.