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Healthcare Cloud Infrastructure Market (By Component: Hardware [Network, Server, and Storage] and Services [SaaS, IaaS, and PaaS]; By End Use: Healthcare Providers and Healthcare Payers; By Pricing Model: Pay-as-you-go, Spot Pricing; By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global healthcare cloud infrastructure market was valued at US$ 40 billion in 2022 and is expected to reach over US$ 295.79 billion by 2032 with a registered CAGR of 22.20% from 2023 to 2032.
The U.S. healthcare cloud infrastructure market accounted for US$ 10.80 billion in 2022 and is projected to be worth over US$ 79.86 billion by 2032 with a CAGR of 14.8% from 2023 to 2032.
North America was the leading healthcare cloud infrastructure market and accounted for around 54% of the market share in 2022. The increased adoption rate of the IT solutions in the healthcare sector and the increased healthcare expenditure are the major factors behind the growth of the North America market. The presence of several top IT companies in the region such as IBM, Dell, Microsoft, and Amazon are significantly contributing towards the growth of the market. Moreover, the supportive regulatory framework is supplementing the adoption of the cloud infrastructure and the demand for the telehealth across the region, which is expected to drive the growth of the North America healthcare cloud infrastructure market.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. The rapidly growing number of several start-ups specializing in the healthcare cloud solutions and services is expected to drive the growth of the market in this region. Moreover, the increasing investments in the development of strong digital healthcare infrastructure and growing adoption of the advanced solutions is boosting the Asia Pacific healthcare cloud infrastructure market. Furthermore, the growing adoption of the smartphones and rising internet penetration is boosting the adoption of the telehealth platforms among the hospitals and consumers. The rapidly growing IT and telecommunication infrastructure in the region is supplementing the growth of the market significantly.
The global healthcare cloud infrastructure is primarily driven by various factors such as increased trend of digitizing the healthcare infrastructure, integration of advance technologies like machine learning and artificial intelligence, deployment of cloud healthcare systems, and inefficiency in management owing to the rising burden. The increasing penetration of the telehealth and telemedicine platforms across the global healthcare sector is significantly boosting the growth of the global healthcare cloud infrastructure market. The rising burden of diseases and growing geriatric population across the globe is resulting in the increased volume of patients. The increased volume of patients is generating a huge volume of data and creating a pressure on the healthcare systems to effectively and quickly serve the patients. Therefore, in order to enhance the efficiency in the operations, data management, and improve patient care, the healthcare units are deploying digital technologies. The rising adoption of the digital technologies across the healthcare sector is significantly driving the growth of the global healthcare cloud infrastructure market. Moreover, the rapid growth and penetration of the wireless and internet technologies along with the strong growth of the IT and telecommunications infrastructure has exponentially propelled the growth of the healthcare cloud infrastructure market.
The increased access of the healthcare sector to the advanced digital technologies and growing adoption of cloud computing is helping the healthcare units to reduce costs, increase operational efficiency, enhanced security and data storage, and scalability. The rising government and corporate investments in the development of IT infrastructure is a prominent driver of the global healthcare cloud infrastructure market. For instance, in 2017the University of Pittsburgh Medical Center decided to invest around US$2 billion in their hospitals towards the digitization. The healthcare units are increasingly adopting the cloud-deployed dashboards to transfer real-time data analytics and visualization. Moreover, the government across the globe have started using the cloud technology to share real-time data and information about the COVID-19 related restrictions, lockdown, and spreading patterns. For example, the Coronavirus Australia App was launched by the Australian Department of Health. Furthermore, the rising demand for the information mobility, increasing investments to deploy cloud-computing technologies in hospitals, growing number of Smart Hospitals, rising demand for the advanced technological solutions, and surging demand for the effective healthcare solutions are expected to be the crucial driving forces of the healthcare cloud infrastructure market. The rising adoption of the telehealth and telemedicine platforms among the consumers and the healthcare providers across the globe is expected to have a positive and significant impact on the growth of the global healthcare cloud infrastructure market.
| Report Coverage | Details |
| Market Size in 2023 | USD 48.68 Billion |
| Growth Rate From 2023 to 2032 | 22.20% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Component, End User,Deployment Model, Pricing Model, Region |
| COmpanies Mentioned | Dell, Inc., Hewlett Packard Enterprise Development LP, Microsoft, Oracle, IBM, Salesforce, Amazon |
The services segment garnered a market share of around 80% in 2022 and dominated the global healthcare cloud infrastructure market. The increased demand for the various technical service providers to implement the digital computing systems across the hospital or health units. The companies and the organizations has lack of skills and resources needed to deploy the cloud computing technologies. Furthermore, the easy availability of the IT professionals has encouraged the healthcare units to outsource the activities related to the implementation of the cloud technologies.
The hardware is estimated to be the most opportunistic segment during the forecast period. The hardware is an essential part in the implementation of the cloud-based solutions. The hardware includes the advanced electronic devices and machine to human interface devices that has higher computing power and best suits the operation of the cloud infrastructure has growing demand.
Based on the end use, the healthcare providers segment dominated the market, garnering a market share of around 60% in 2022. This is attributed to the huge demand in the hospitals for the connections over the cloud infrastructure, which has significantly and positively contributed towards the growth of the Software-as-a-Service (SaaS) segment. The easy availability of IT outsourcingservices, elimination of the IT professionals, enhanced data storage, and data management are the major factors that boosts the growth of this segment. The increasing investments in the digitization of the hospitals is further expected to drive the market growth.
On the other hand, the healthcare payers is expected to be the fastest-growing segment during the forecast period. The various healthcare payers such as healthcare insurance companies, sponsors, and third-party payers are adopting cloud technologies for efficiently handing data, fraud prevention, risk assessment, and settling insurance claims. The healthcare payers are increasingly opting for the cloud technologies for reducing the costs of healthcare.
Key Market Developments
The growing number of participants in the global healthcare cloud infrastructure market is expected to boost the investments in the healthcare cloud products across the globe. Moreover, various developmental strategies adopted by these market players such as new product launches, partnerships, collaborations, ad mergers are expected to drive the market growth in the foreseeable future. The market players are constantly seeking for establishing their dominance in the market and gaining competitive edge over others.
Segments Covered in the Report
By Component
By End Use
By Pricing Model
By Deployment Model
By Geography
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