Global Cloud In Healthcare Market
Forecast 2014 – 2020
Occams Business Research & Consulting
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Table of contents
•Introduction•Cloud Healthcare Market Segmentationo By applicationo By Deployment Model
•Healthcare IT as a Service and its Benefits•Market Determinants•Drivers of Cloud Healthcare Market•Restraints of Cloud Healthcare Market•Challenges of Cloud Healthcare Market•Opportunities of Cloud Healthcare Market•Cloud Healthcare Market – Sector Analysis•Market share Analysis•Key Strategies of Market Leaders•Geography Analysis•Market Estimation
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Healthcare is one of the most dynamic application of cloud computing. Although healthcare organizations are highly concerned about the privacy and security of patient data, the pressure of controlling the increasing healthcare cost has driven the adoption of cost effective solutions such as cloud computing. There has been a surge of interest of the healthcare companies in adoption of cloud computing. Companies are leveraging cloud providers for it various benefits such as providing business agility, reducing cost, and so on.
INTRODUCTION
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Clinical Applications
-EHR- Laboratory
Information System-Pharmacy Information
System-PACS
-Digital Pathology & Bioinformatics
Cloud Healthcare Market Segmentation
Deployment Model
-IaaS -PaaS -SaaS
Cloud healthcare Market
GeographyNorth America-USA-CanadaEurope-UK-Spain-Germany-Italy-France
Exhaustive segmentation & estimations.
APAC-China-Japan-India-Thailand
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH &
CONSULTING PVT. LTD.
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Percentage Penetration of Cloud based CIS Applications (2013-2020)
Source: OBRC Analysis
EMRLaboratory Informa-tion SystemPharmacy information SystemPicture Archiving and Communication Sys-temBioinfermatics
20202013
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•High Performance Compute•Legacy Transaction Systems – Storage / Archiving
Business Process as a Service
Software as a Service
Platform as a Service
Infrastructure as a Service
•Development & Testing •Developer Services•Provision validated environments clinicians
•Laboratory Analytics –Clinical Genomics for Diagnostics•Application & Data Integration•Marketing & Operations
•Private Exchange Services•HR Recruitment & Management•Knowledge & Learning•Patient & Member Communities
Business Services
Analytics
Systems & Middleware
Infrastructure & Computing
Collaboration
Healthcare
Workloads
Cloud Healthcare Market Segmentation By Service Model
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Healthcare IT as a Service (HITaaS) will be in more demand
Source: OBRC Analysis
Cost Comparison – Traditional v/s HITaaS in %
Traditional HITaaS
Cloud ServicesExternal ServicesInternal LaborSoftwareHardwareTelecomFacilitiesLegacy
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Healthcare Goals To Be Accomplished By Cloud Computing
Source: OBRC Analysis
Deliver Collaborative
Care for Prevention and
Wellness
Achieve Better Quality And Outcomes
Improve Operational Effectiveness
Hea
lthca
re G
oals
Cloud Computing by collaborative management of patient data
through various departments helps in delivering effective patient care.
Provides advance analytics of patient data thereby enabling
more efficient diagnosis.
Brings Flexibility in operations to support cost reduction and
excels both clinical and business performance.
Clou
d Co
mpu
ting
Coordinated Work
Enhance Quality
Cost Benefits
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Benefits Of Cloud In Healthcare
Greater Scalability
Cost Reduction
Secured Data Storage
Improve Patient care
Improve IT operations Non Clinical Areas
Agility
Flexibility
Better use of resources
20132020
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
US
HIPPA Act -1996 - The Health Insurance Portability and Accountability Act of 1996 (HIPAA) protects “individually identifiable health information,” creating powerful incentives for organizations to implement systems and processes to reduce risks.
HITECH Act - The HITECH Act, enacted as part of the American Recovery and Reinvestment Act of 2009 promotes the adoption and meaningful use of health information technology.
Patient Protection act - The Patient Protection and Affordable Care Act (PPACA) represents the most significant regulatory overhaul of the US healthcare system since the passage of Medicare and Medicaid in 1965.
Europe The European Union has the Data Protection Directive (95/46) regulating the processing of personal data across 28 member states. It is an important part of EU privacy and human rights law (European Commission, 2013).
Market Determinants – Favorable Government Policies
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Rising IT Investments in Healthcare
Need to Store Big Data
Government Funding Supporting IT in Healthcare
Effective Data Sharing and interoperability
Key Market Drivers
Source: OBRC Analysis
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Security Risks - The risk of unauthorized access and loss of sensitive information are the basic reasons for creating doubt among users for using cloud services.
Legal Barriers - The data stored on cloud could be shared among various geographies and thus comes under multiple jurisdictions having different laws regarding data security, privacy, and usage. Many countries impose severe restrictions on the kind of data its citizens can leave their national territory with.
Ethical Issues - Hospitals are responsible for any medical data collected from patients. Usage of cloud computing business model is a threat to the privacy of such data, due to cases of medical data breaches from hospitals and people suffering the consequences of such data theft.
Market Restraints
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Cloud companies see huge potential in healthcare cloud
Virtual Integration
Personalized Healthcare Gadgets
Insurers to Leverage Healthcare cloud for tracking client details
Opportunities For Cloud Healthcare Market
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Data lock-in: Organizations that store their data on a cloud have serious trouble in
shifting from one cloud provider to other. If the organizations want to migrate from one vendor to another or shift to in- house IT environment or if the vendor is ceasing services, then it becomes difficult for the organization to transfer the data as maximum vendors have very little capability on data, applications, and service interoperability.
Data transfer bottlenecks This often occurs in case of research laboratories that need to upload
or download huge amount of data and due to improper network connections or the size of data, there is a considerable slowdown in the process.
Market Challenges
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Sector Analysis
Source: OBRC Analysis
IT investment pattern of Healthcare Organizations
Infrastructure MaintenanceInnovation & competitive advantage
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1. Innovation And New launches-Innovative new products and process making cloud services even better for healthcare industry
2. Focusing on geographic expansion to provide better services to patients and practitioners
3. New Product Launches specifically for the Healthcare Market
4. Partnerships and Collaborations to expand market and make the product available to the masses
More Information Click: Cloud Market In Healthcare technologies, EHR Market, LIS Market, PACS, PIS, EMR, SaaS, PaaS, IaaS Bioinformatics, Hybrid cloud Market - Global Trends, Challenges, Demand, Opportunities & Forecasts 2014 – 2020
Step by Step Strategic Analysis of Market Participants
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Geographic Analysis
Source: OBRC Analysis
Global Healthcare Cloud Market by Geography in $ million (2013-2020)
2013 2020
North America Asia PacificEuropeRoW
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Market Estimation – Sample Tables
Source: OBRC Analysis
Deployment Model
2013 2014 2015 2016 2017 2018 2019 2020 CAGR % (2014-2020)
Public Private Hybrid Total
Table: Cloud based Healthcare Application Market by Deployment Model in $billion (2013-2020)
Service Model 2013 2014 2015 2016 2017 2018 2019 2020 CAGR% (2014-2020)
SaaS
PaaS
IaaS
Total
Table: Cloud based Healthcare Application Market by Deployment Model in $billion (2013-2020)
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Market Estimation contd…
Source: OBRC Analysis
Applications 2013 2014 2015 2016 2017 2018 2019 2020 CAGR% (2014-2020)
EHR
Digital Pathalogy
Clinical Information System
Cloud based bioinformatics Market
Geography 2013 2014 2015 2016 2017 2018 2019 2020 CAGR% (2014-2020)
North America
Latin America
Asia Pacific
Europe
ROW
Total
Table: Cloud Healthcare Market by Applications in $billion (2013-2020)
Table: Cloud Healthcare Market by Geography in $billion (2013-2020)
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