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North American Healthcare Cloud Computing Market Worth $6.5 Billion by 2018

This market was valued at $1.7 billion in 2013 and is expected to grow at a CAGR of 29.8% from 2013 to 2018, to reach $6.5 billion by 2018.

 

Dallas, TX -- (ReleaseWire) -- 03/28/2014 -- The "North America Healthcare Cloud Computing Market by Applications (EMR, PACS, RIS, RCM, APB), Deployment (Private, Public, Hybrid), Service (SAAS, IAAS), Pricing (Pay-As-You-Go, Spot) & End Users (Provider, Payers) - Forecast to 2018” analyzes and studies the major market drivers, threats, opportunities, and challenges in the U.S. and Canada.

Browse more than 131 market data tables with 63 figures spread through 353 pages and in-depth TOC on "North America Healthcare Cloud Computing Market".

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This report studies the North American healthcare cloud computing market over the forecast period of 2013 to 2018. This market was valued at $1,750.4 million in 2013 and is poised to grow at a CAGR of 29.8% from 2013 to 2018, to reach $6,459.0 million by 2018.

The Healthcare cloud computing market is categorized into five broad segments, namely, applications, deployment mode, services, pricing model, components, end users, and geography. The healthcare cloud computing market, by application, comprises clinical and non-clinical information systems applicable for the healthcare providers and payers industry. The clinical information systems are further classified into EMR, PACS, CPOE, RIS, LIS, PIS, and Others. The non-clinical information systems are segmented into revenue cycle management, automatic patient billing, payroll, claims management, cost accounting, and others.

The market by deployment model includes private, public, and hybrid clouds. The services market in cloud computing is divided into software-as-a-Service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS). The pricing model market comprises the two majorly adopted models, namely, Pay-As-You-Go and Spot Pricing. The cloud computing market by components includes software, hardware, and services. The North American healthcare cloud computing market by end-users is broadly categorized into healthcare payers and providers. Based on geography, the market is divided into the U.S. and Canada.

The U.S. market dominated the North American Healthcare Cloud Computing market in the forecast period. The U.S. has been a pioneer in terms of developing and adopting the cloud technology. Even though EMR systems with a computerized provider order entry (CPOE) have existed for more than 30 years, till 2006, less than 10% of hospitals in the U.S. had a fully integrated system. With an aim to change this existing scenario, the Obama administration passed laws to provide the healthcare industry with $19 billion in subsidies over the next few years, to persuade doctors and hospitals to go digital. Big firms have already perceived this as an opportunity to venture into the cloud market. These federal measures are also likely to augment the adoption of cloud computing in rural areas, which will propel the growth of the cloud computing market in the U.S.

The major players in the North American Healthcare Cloud Computing Market include athenahealth, Inc., CareCloud Corporation, Carestream Health, Inc., ClearData Networks, Inc., Cisco Systems, Inc., Dell, Inc., EMC Corporation, Global Net Access (GNAX) Health, Hewlett-Packard Company, IBM Corporation, Iron Mountain, Inc., Merge Healthcare, Inc., Microsoft Corporation, Oracle Corporation, and VMware, Inc.

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