(EMAILWIRE.COM, October 13, 2017 ) Browse 83 market tables and 41 figures spread through 209 pages and an in-depth TOC on “Healthcare Cloud Computing Market”
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Cloud computing adoption in the healthcare industry is on the rise as its benefits outweigh the risk involved and the service is likely to increase the competitive advantage. Cloud computing service providers have high growth opportunities in medical imaging data management owing to the rise in medical imaging data generated.

Medical images include vast collection of images from CT, MRI, X-ray, ultrasound, and radiological images. These images have created significant amount of data and are likely to increase with the increasing number of patients.

Growth in the healthcare cloud computing market is likely to be centered on North America. This can be attributed to the growing volume of data in medical imaging; conferences, symposia, and seminars; rise in insurance enrollments due to PPACA; rising EMR adoption in the U.S.; and increase in healthcare spending in Canada.

The volume of digital data generated through medical imaging is enormous; in a year, approximately 400 million procedures in the U.S. involve at least one medical image (Source: American Society of Radiology Technologists). These digital medical images produce extremely large data files. Thus, healthcare organizations struggle to access, share, and manage this data while trying to curtail costs.

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In addition, the Patient Protection and Affordable Care Act (PPACA) (passed in March 2010) is likely to increase insurance enrollments. The percentage of uninsured has fallen to 11.9% in the first quarter of 2015 from 14.6% in the first quarter of 2009. The increased enrollment in turn will boost claims processing and the need for customer service support.

Moreover, the payer industry experienced a high impact from healthcare mandates in the U.S., such as the ICD-10 standards, Meaningful Use incentives, and HIPAA 5010, in 2014. These mandates were aimed at covering every U.S. citizen under insurance. The rise in the number of insured people has highlighted the need for the payer industry to increase their resources and infrastructure to conduct their businesses.

The payer industry will require efficient and high-capacity IT applications and infrastructure to reengineer its existing IT systems or install new ones. These factors have led to high potential for cloud-based solutions in the U.S. in healthcare.

Healthcare expenditure in Canada has increased by 2.1% from 2013 to 2014 (Source: Canadian Institute for Health Information). This rise in expenses urges healthcare payers and providers to use cloud computing to reduce overall operational and capital expenditure, thus, propelling the market for cloud computing solutions.

Some major players in the global healthcare cloud computing market include athenahealth, Inc. (U.S.), CareCloud Corporation (U.S.), ClearData Networks, Inc. (U.S.), Carestream Health (U.S.), Dell Inc. (U.S.), GNAX Health (U.S.), IBM Corporation (U.S.), Iron Mountain, Inc. (U.S.), Merge Healthcare, Inc. (U.S.) and VMware, Inc. (U.S.).

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