Healthcare Software as a Service Market Analysis

Healthcare Software as a Service Market Analysis

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Based on application, the healthcare software as a service market is categorized into the patient portal, telemedicine, mobile communication, ePrescribing, EHR, scheduling, and medical billing. The scheduling segment is expected to reach USD 13 billion by 2030. The convenience offered by scheduling tools, in terms of smoother operations at practices would foster industry trends. Advanced medical scheduling software tools help healthcare units seamlessly address patient appointments, as well as insurance claims, among other things. Scheduling software also offer a seamless treatment experience to patients with smaller wait times.
 

With respect to the deployment model, the healthcare software as a service market is classified into private cloud, public cloud, and hybrid cloud segments. The hybrid cloud segment is projected to grow at over 19.5% CAGR through 2022-2030, driven by benefits such as enhanced scalability, better security as well as data control, and affordable costs. The deployment model helps reduce the healthcare workload by providing medical units access to sensitive patient data in real-time.
 

Depending on the end-user, the healthcare software as a service market is bifurcated into healthcare providers and healthcare payers. The healthcare payers segment is set to cross USD 33 billion by 2030. The growth can be accredited to the rising adoption of healthcare SaaS technology in revenue cycle management, clinical information systems, and population health management, by leading health insurance providers.
 

Europe healthcare SaaS market is likely to be worth over USD 39 billion by 2030 owing to rising investments towards healthcare across the continent. Meanwhile, increasing geriatric population in the region, with patients suffering from severe age-related ailments will also drive the industry scenario.