cloud market in healthcare technologies | forecast 2014-2020

Global Cloud In Healthcare Market

Forecast 2014 – 2020

Occams Business Research & Consulting

http://www.occamsresearch.com/

2

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


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.

5

Percentage Penetration of Cloud based CIS Applications (2013-2020)

Source: OBRC Analysis

EMRLaboratory Informa-tion SystemPharmacy information SystemPicture Archiving and Communication Sys-temBioinfermatics

20202013


6

•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


Healthcare IT as a Service (HITaaS) will be in more demand


Cost Comparison – Traditional v/s HITaaS in %

Traditional HITaaS

Cloud ServicesExternal ServicesInternal LaborSoftwareHardwareTelecomFacilitiesLegacy


8

Healthcare Goals To Be Accomplished By Cloud Computing


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


9

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



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


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


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


Sector Analysis


IT investment pattern of Healthcare Organizations

Infrastructure MaintenanceInnovation & competitive advantage


Market Share Analysis


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


http://www.occamsresearch.com/executive-summary/Cloud-Market-In-Healthcare-technologies--EHR-Market--LIS-Market--PACS-








Geographic Analysis


Global Healthcare Cloud Market by Geography in $ million (2013-2020)

2013 2020

North America Asia PacificEuropeRoW


Market Estimation – Sample Tables


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)


Market Estimation contd…


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)


21

Upcoming Reports Contact:

Mr. Rahul Sharma

Occams Business Research & Consulting

1C-603, Versova Trishul CHS Ltd. Andheri West Mumbai 400 061, India

Phone: (+91) 9820215900

Email: [email protected]

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cloud market in healthcare technologies | forecast 2014-2020

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