As per our research report, the size of the APAC healthcare cloud computing market is forecasted to grow at a remarkable CAGR of 30.1% between 2023 to 2028.
The growing adoption of cloud computing systems in the healthcare sector across the Asia-Pacific region majorly drives the growth of the APAC healthcare cloud computing market. Cloud computing offers significant advantages to both patients and physicians, including cost reduction and improved patient care. Healthcare providers can efficiently store and manage healthcare-related data by leveraging remote servers and internet connectivity. Adopting cloud computing in the healthcare sector brings several benefits, such as enabling a patient-centric approach, enhancing interoperability, providing innovative healthcare solutions, and strengthening data security and recovery capabilities.
The rising adoption of electronic health records (EHR) in hospitals and clinics further boost the growth rate of the healthcare cloud computing market in the Asia-Pacific region. EHRs contain vital patient data, including medical reports, medication records, and allergies, and cloud-based EHR technology enables efficient storage, exchange, and protection of this information. Cloud-based storage offers enhanced security measures and reduces the burden of maintaining on-premises infrastructure. The growing patient population and the rise in chronic diseases further drive the adoption of electronic healthcare records, as they facilitate personalized treatment plans for improved patient outcomes. Notably, approximately 85% of Chinese hospitals have already implemented electronic health records, highlighting this technology's widespread adoption and importance in the region.
The rising adoption of telehealth and m-health services in the APAC region propels regional market growth. Telehealth services have experienced significant growth, especially during and after the COVID-19 pandemic, as they enable remote access to healthcare services, reduce the need for physical transportation, and minimize the risk of virus transmission. Cloud computing technology plays a crucial role in delivering efficient telehealth services by facilitating real-time communication, secure data storage, and seamless integration of patient records. By leveraging cloud computing capabilities, healthcare providers can ensure reliable and accessible telehealth services, contributing to the growth of the APAC market.
The high costs associated with integrating and maintaining healthcare software solutions are one of the major factors hampering the growth of the healthcare cloud computing market in the Asia-Pacific region. Factors such as the lack of skilled professionals proficient in using medical-related software, low awareness about the benefits of healthcare technology, lengthy development timelines and high deployment costs further impede the regional market growth. Stringent data privacy and security policies, challenges related to cloud application programming interfaces (APIs) and limited internet connectivity in rural areas result negatively in the growth rate of the APAC market.
Impact of COVID-19 on APAC healthcare cloud computing market:
The sudden emergence of COVID-19 has affected all sectors of the economy, including the manufacturing and life sciences industries. The outbreak of COVID-19 has positively impacted the healthcare cloud computing market during the pandemic. The companies that opted for cloud computing infrastructure functioned well during the COVID-19 pandemic period. Cloud computing assists in hustle-free data storage and backup because of its beneficial factors, scalability, and scale back during critical conditions. During the COVID-19 lockdown, due to the stringent COVID-19 guidelines, a social distancing has mandated the people to opt for remote consultation; hence the demand for cloud computing has been increased, healthcare providers giving a talk to the people through video conference and phone calls. Despite the COVID-19 impact, the hospital cloud computing market is anticipated to register a better market in the coming years.
This research report on the APAC healthcare cloud computing market has been segmented and sub-segmented into the following categories.
By Product:
By Deployment Model:
By Component:
By Pricing Model:
By Service Model:
By Country:
The healthcare cloud computing market in the Asia Pacific is predicted to account for a substantial global market share during the forecast period. Factors such as substantial investments in the healthcare sector, the proliferation of digital solutions and the growing patient population drive the growth of the APAC market. The rapid adoption of IoT and wearable devices further fuel market growth in the APAC region. China held the major share of the APAC market in 2022 and is expected to register a healthy CAGR during the forecast period. India and Japan are predicted to account considerable share of the APAC market during the forecast period owing to their growing number of cloud computing service centers and investments in data storage infrastructure.
KEY MARKET PARTICIPANTS:
Companies such as IBM, CareCloud Corporation, Agfa-Gevaert N.V., Merge Healthcare Inc., Carestream Corporation, Cerner Corporation, Microsoft Corporation, Oracle Corporation, ClearData Networks Inc., Sectra AB, Nuance Communications, GE Healthcare, athenahealth Inc., NextGen Healthcare, Siemens Healthineers, and Dell Inc. are expected to play a significant role in the APAC healthcare cloud computing market.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: sales@marketdataforecast.com
Reports By Region