Healthcare Software as a Service Market size to surpass $139Bn by 2030

Healthcare Software as a Service (SaaS) Market size is predicted to reach USD 139 Billion by 2030, as per a new research report announced by Global Market Insights Inc.
 

Growing inclination of healthcare organizations toward cloud computing is the major driving force behind market growth. Cloud technologies allow seamless management of medical records and other patient data for a better treatment experience. The recent surge in IoT-based medical devices and big data analytics has further facilitated cloud-based technologies to flourish in the healthcare space.
 

Rising need for personalized treatment has also augmented the progress for cloud platforms that enable real-time tracking of patient health. Reduced healthcare workload, improved staff management, and cost-effectiveness of these technologies prove viable for managing healthcare units. It will lead to a higher rate of deployment of remote servers over the coming years for cloud computing.
 

Increasing demand for e-consultations to foster the telemedicine segment expansion

Healthcare software as a service market share from telemedicine is estimated to hit $21.9 billion by 2030. In addition to the convenience it offers, surging internet penetration, and the rising preference for home-based treatment will bolster the technology use. With patient-centric approach and high reachability in remote areas, virtual consultation has gained immense traction in the wake of COVID-19, facilitating the progression for telemedicine.
 

Browse key industry insights spread across 220 pages with 261 market data tables & 18 figures & charts from the report, “Healthcare Software As A Service Market Size By Application (Patient Portal, Telemedicine, Mobile Communication, EHR Systems, Medical Billing, ePrescribing, Scheduling), Deployment Model (Private cloud, Public cloud, Hybrid cloud), End-user (Healthcare Providers {Hospitals, Pharmacies, Diagnostic and imaging centers, Ambulatory centers}, Healthcare Payers {Public Payer, Private Payer}), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/healthcare-software-as-a-service-market
 

Affordability to emerge as a major factor driving private cloud deployment model

Healthcare SaaS market revenue from private cloud segment registered over $7.8 billion in 2021, fueled by factors such as regulatory compliance, enhanced safety, reduce operational expenses, and improved flexibility. Moreover, the model facilitates benefits such as greater customization, and higher security, which ensures the integrity of patient data and facilitates better health data management. The segment also witnesses an elevated demand owing to the increased flexibility in server control, high accessibility, and lower total cost of ownership associated with the private cloud.
 

Healthcare providers to outline healthcare software as a service market growth through rapid adoption of digital technologies

Advancements in medical technologies is compelling healthcare companies to digitalize the medical processes and records. It will enable them to achieve better management of the scheduling and treatment processes. Healthcare payers have also turned to digital technologies to effectively address challenges such as shortage or resources and scarcity of trained medical staff, especially in the wake of the COVID-19 pandemic.
 

Higher awareness to foster LATAM healthcare software as a service industry outlook

LATAM healthcare SaaS market is poised to grow at 18% CAGR from 2022 to 2030. Some of the key reasons fueling the regional trends are increasing awareness and shifting inclination towards cloud technologies as well as digitization. The expansion of infrastructure and access to modern treatment systems, fueled by the availability of advanced healthcare software in the region is likely to drive product sales. Rapidly emerging cloud-connected systems and technological development of healthcare units is also likely to bolster the adoption of SaaS technology in the region.
 

Partnerships and collaborations to define industry landscape

Some of the key players operating in the global healthcare software as a service market include SAP, CISCO, ServiceNow, Salesforce, Inc., Microsoft, IBM Corporation, Oracle Corporation, Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., and others. These companies are leveraging long-standing strategies of partnerships and collaborations to enhance their position in the marketplace.