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Healthcare Cloud Infrastructure Market Trends

  • Report ID: GMI10809
  • Published Date: Aug 2024
  • Report Format: PDF

Healthcare Cloud Infrastructure Market Trends

The increasing adoption of telehealth and remote monitoring has emerged as a significant driver for the market, revolutionizing the way healthcare services are delivered and managed. Telehealth, which enables patients to consult with healthcare providers remotely, saw a dramatic rise during the COVID-19 pandemic, driven by the need for social distancing and the urgency to reduce the burden on healthcare facilities.
 

  • In the U.S., telehealth visits increased by over 50% in the first quarter of 2020 compared to the previous year, with platforms like Teladoc and Amwell witnessing exponential growth in user adoption. This surge in telehealth services has necessitated robust cloud infrastructure to support the storage, processing, and real-time analysis of vast amounts of patient data.
     
  • Remote monitoring, a rapidly expanding segment, leverages wearable devices and sensors to continuously collect health data from patients, especially those with chronic conditions. These devices, connected via the Internet of Medical Things (IoMT), generate vast amounts of data that require real-time storage, processing, and analysis. Cloud infrastructure offers the scalability and flexibility needed to manage this data efficiently, allowing healthcare providers to monitor patients remotely and intervene proactively. For instance, Philips' cloud-based HealthSuite platform facilitates remote patient monitoring by integrating data from various devices and delivering actionable insights to healthcare professionals.
     
  • The adoption of telehealth and remote monitoring has also been bolstered by advances in cloud-based AI and machine learning, which allow for more sophisticated data analysis and personalized care. Cloud platforms enable the deployment of AI algorithms that can analyse patient data in real-time, identifying potential health issues before they become critical. For instance, companies like AWS and Google Cloud are offering AI-driven telehealth solutions that enhance diagnostics and treatment recommendations.
     
  • Moreover, the regulatory environment is increasingly supporting the adoption of telehealth, with governments worldwide recognizing its potential to improve healthcare access and reduce costs. In the U.S., the Centers for Medicare & Medicaid Services (CMS) expanded telehealth coverage during the pandemic, and many of these changes are expected to remain permanent, further driving the need for scalable cloud infrastructure.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The industry size for healthcare cloud infrastructure was valued at USD 50.1 billion in 2023 and is anticipated to witness 16.5% CAGR driven by the rising adoption of digital health technologies and the need for scalable, cost-effective IT solutions.

The healthcare cloud infrastructure market from the healthcare providers end-use segment is predicted to rise rapidly through 2032 as they are increasingly adopting cloud infrastructure to enhance operational efficiency, improve patient care, and streamline administrative processes.

North America industry size was USD 19.8 billion in 2023 due to widespread adoption of electronic health records (EHRs) and telehealth services

Allscripts Healthcare Solutions Inc., Alphabet Inc., Amazon Web Services, Inc., Cisco Systems, Inc, Dell Inc., Hewlett Packard Enterprise Development LP, IBM, Microsoft Corporation, and Oracle Corporation

Healthcare Cloud Infrastructure Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 204
  • Countries covered: 23
  • Pages: 110
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