global cloud market in healthcare technologies | forecast 2014-2020 | ehr market
TRANSCRIPT
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Global Cloud In Healthcare Market Forecast 2015 – 2021
Occams Business Research & Consulting
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Table of contents
•Introduction
•Cloud Healthcare Market Segmentation
oBy application
oBy Deployment Model
•Healthcare IT as a Service and its Benefits
•Market Determinants
•Drivers of Cloud Healthcare Market
•Restraints of Cloud Healthcare Market
•Challenges of Cloud Healthcare Market
•Opportunities of Cloud Healthcare Market
•Cloud Healthcare Market – Sector Analysis
•Market share Analysis
•Key Strategies of Market Leaders
•Geography Analysis
•Market Estimation
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Healthcare is one of the most dynamicapplication of cloud computing. Althoughhealthcare organizations are highly concernedabout the privacy and security of patient data,the pressure of controlling the increasinghealthcare cost has driven the adoption of costeffective solutions such as cloud computing.There has been a surge of interest of thehealthcare companies in adoption of cloudcomputing. Companies are leveraging cloudproviders for it various benefits such asproviding business agility, reducing cost, and soon.
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INTRODUCTION
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CLINICAL APPLICATIONS
-EHR- LABORATORY
INFORMATION SYSTEM-PHARMACY
INFORMATION SYSTEM-PACS
-DIGITAL PATHOLOGY & BIOINFORMATICS
Cloud Healthcare Market Segmentation
Deployment Model
-IaaS-PaaS-SaaS
Cloud healthcare Market
GeographyNorth America-USA-CanadaEurope-UK-Spain-Germany-Italy-France
Exhaustive segmentation & estimations.
APAC-China-Japan-India-Thailand
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING
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Percentage Penetration of Cloud based CIS Applications (2013-2020)
Source: OBRC Analysis
EMR
Laboratory
Information
System
Pharmacy
information
System
20202013
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•High Performance Compute•Legacy Transaction Systems – Storage / Archiving
Business Process as a
Service
Software as a Service
Platform as a Service
Infrastructure as a Service
•Development & Testing •Developer Services•Provision validated environments clinicians
•Laboratory Analytics –Clinical Genomics for Diagnostics•Application & Data Integration•Marketing & Operations
•Private Exchange Services•HR Recruitment & Management•Knowledge & Learning•Patient & Member Communities Healthca
re Workloa
ds
Cloud Healthcare Market Segmentation By Service Model
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Healthcare IT as a Service (HITaaS) will be in more demand
Source: OBRC Analysis
Cost Comparison – Traditional v/s HITaaS in %
Traditional HITaaS
Cloud Services
External Services
Internal Labor
Software
Hardware
Telecom
Facilities
Legacy
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Healthcare Goals To Be Accomplished By Cloud Computing
Source: OBRC Analysis
Deliver Collaborative
Care for Prevention
and Wellness
Achieve Better
Quality And Outcomes
Improve Operational Effectivenes
s
Healt
hcare
G
oals
Cloud Computing by collaborative management of patient data through various
departments helps in delivering effective patient
care.
Provides advance analytics of patient data thereby enabling more
efficient diagnosis.
Brings Flexibility in operations to support
cost reduction and excels both clinical and business
performance.
Clo
ud
C
om
puti
ng
Coordinated Work
Enhance Quality
Cost Benefits
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Benefits Of Cloud In Healthcare
Greater Scalability
Cost Reduction
Secured Data Storage
Improve Patient care
Improve IT operationsNon Clinical Areas
Agility
Flexibility
Better use of
resources
2013
2020
Source: OBRC Analysis
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US
HIPPA Act -1996 - The Health Insurance Portability and Accountability Act of 1996 (HIPAA) protects “individually identifiable health information,” creating powerful incentives for organizations to implement systems and processes to reduce risks.
HITECH Act - The HITECH Act, enacted as part of the American Recovery and Reinvestment Act of 2009 promotes the adoption and meaningful use of health information technology.
Patient Protection act - The Patient Protection and Affordable Care Act (PPACA) represents the most significant regulatory overhaul of the US healthcare system since the passage of Medicare and Medicaid in 1965.
Europe The European Union has the Data Protection Directive (95/46) regulating the processing of personal data across 28 member states. It is an important part of EU privacy and human rights law (European Commission, 2013).
Market Determinants – Favorable Government Policies
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Rising IT Investments in Healthcare
Need to Store Big Data
Government Funding Supporting IT in Healthcare
Effective Data Sharing and interoperability
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Key Market Drivers
Source: OBRC Analysis
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SECURITY RISKS - THE RISK OF UNAUTHORIZED ACCESS AND LOSS OF SENSITIVE
INFORMATION ARE THE BASIC REASONS FOR CREATING DOUBT AMONG USERS
FOR USING CLOUD SERVICES.
LEGAL BARRIERS - THE DATA STORED ON CLOUD COULD BE SHARED AMONG
VARIOUS GEOGRAPHIES AND THUS COMES UNDER MULTIPLE JURISDICTIONS
HAVING DIFFERENT LAWS REGARDING DATA SECURITY, PRIVACY, AND USAGE.
MANY COUNTRIES IMPOSE SEVERE RESTRICTIONS ON THE KIND OF DATA ITS
CITIZENS CAN LEAVE THEIR NATIONAL TERRITORY WITH.
ETHICAL ISSUES - HOSPITALS ARE RESPONSIBLE FOR ANY MEDICAL DATA
COLLECTED FROM PATIENTS. USAGE OF CLOUD COMPUTING BUSINESS MODEL IS
A THREAT TO THE PRIVACY OF SUCH DATA, DUE TO CASES OF MEDICAL DATA
BREACHES FROM HOSPITALS AND PEOPLE SUFFERING THE CONSEQUENCES OF
SUCH DATA THEFT.
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Market Restraints
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CLOUD COMPANIES SEE HUGE POTENTIAL IN HEALTHCARE CLOUD
VIRTUAL INTEGRATION
PERSONALIZED HEALTHCARE GADGETS
INSURERS TO LEVERAGE HEALTHCARE CLOUD FOR TRACKING
CLIENT DETAILS
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Opportunities For Cloud Healthcare Market
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DATA LOCK-IN:
ORGANIZATIONS THAT STORE THEIR DATA ON A CLOUD HAVE
SERIOUS TROUBLE IN SHIFTING FROM ONE CLOUD PROVIDER TO
OTHER. IF THE ORGANIZATIONS WANT TO MIGRATE FROM ONE
VENDOR TO ANOTHER OR SHIFT TO IN- HOUSE IT ENVIRONMENT OR
IF THE VENDOR IS CEASING SERVICES, THEN IT BECOMES DIFFICULT
FOR THE ORGANIZATION TO TRANSFER THE DATA AS MAXIMUM
VENDORS HAVE VERY LITTLE CAPABILITY ON DATA, APPLICATIONS,
AND SERVICE INTEROPERABILITY.
DATA TRANSFER BOTTLENECKS
THIS OFTEN OCCURS IN CASE OF RESEARCH LABORATORIES THAT
NEED TO UPLOAD OR DOWNLOAD HUGE AMOUNT OF DATA AND DUE
TO IMPROPER NETWORK CONNECTIONS OR THE SIZE OF DATA,
THERE IS A CONSIDERABLE SLOWDOWN IN THE PROCESS.
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Market Challenges
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Sector Analysis
Source: OBRC Analysis
IT investment pattern of Healthcare Organizations
Infrastructure Maintenance
Innovation & competitive
advantage
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Market Share Analysis
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1. INNOVATION AND NEW LAUNCHES-INNOVATIVE NEW PRODUCTS AND PROCESS MAKING CLOUD SERVICES EVEN BETTER FOR HEALTHCARE INDUSTRY
2. FOCUSING ON GEOGRAPHIC EXPANSION TO PROVIDE BETTER SERVICES TO PATIENTS AND PRACTITIONERS
3. NEW PRODUCT LAUNCHES SPECIFICALLY FOR THE HEALTHCARE MARKET
4. PARTNERSHIPS AND COLLABORATIONS TO EXPAND MARKET AND MAKE THEPRODUCT AVAILABLE TO THE MASSES
MORE INFORMATION CLICK: CLOUD MARKET IN HEALTHCARE TECHNOLOGIES, EHR MARKET, DIGITAL PATHOLOGY MARKET, EMR, SAAS, BIOINFORMATICS- GLOBAL TRENDS, CHALLENGES, OPPORTUNITIES & FORECASTS 2014 – 2020
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Step by Step Strategic Analysis of Market Participants
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Geographic Analysis
Source: OBRC Analysis
Global Healthcare Cloud Market by Geography in $ million (2013-2020)
2013 2020
North America
Asia Pacific
Europe
RoW
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Market Estimation – Sample Tables
Source: OBRC Analysis
Deployment
Model
2013 2014 2015 2016 2017 2018 2019 2020 CAGR %
(2014-
2020)
Public
Private
Hybrid
Total
Table: Cloud based Healthcare Application Market by Deployment Model in $billion (2013-2020)
Service Model 2013 2014 2015 2016 2017 2018 2019 2020 CAGR%
(2014-
2020)
SaaS
PaaS
IaaS
Total
Table: Cloud based Healthcare Application Market by Deployment Model in $billion (2013-2020)
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Market Estimation contd…
Source: OBRC Analysis
Applications 2013 2014 2015 2016 2017 2018 2019 2020 CAGR%
(2014-
2020)
EHR xxx xxx xxx xxx xxx xxx xxx xxx xxx
Digital Pathalogy xxx Xxx xxx xxx xxx xxx xxx xxx xxx
Clinical Information System xxx xxx xxx xxx xxx xxx xxx xxx xxx
Cloud based bioinformatics
Market
xxx xxx xxx xxx xxx xxx xxx xxx xxx
Geography 2013 2014 2015 2016 2017 2018 2019 2020 CAGR%
(2014-
2020)
North America xxx xxx xxx xxx xxx xxx xxx xxx xxx
Latin America xxx xxx xxx xxx xxx xxx xxx xxx xxx
Asia Pacific xxx xxx xxx xxx xxx xxx xxx xxx xxx
Europe xxx xxx xxx xxx xxx xxx xxx xxx xxx
ROW xxx xxx xxx xxx xxx xxx xxx xxx xxx
Total xxx xxx xxx xxx xxx xxx xxx xxx xxx
Table: Cloud Healthcare Market by Applications in $billion (2013-2020)
Table: Cloud Healthcare Market by Geography in $billion (2013-2020)
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