Healthcare CLOUD-BASED TECHNOLOGY MARKET IN HEALTHCARE APPLICATIONS

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1 Healthcare CLOUD-BASED TECHNOLOGY MARKET IN HEALTHCARE APPLICATIONS

2 The cloud market that reached about 130 billion at the end of 2013, is promising significant platform for data storage and application hosting. However, it has not been so popular among the healthcare segment so far. Health care information pertaining to patient data is highly sensitive and healthcare organization end up in paying significant fines in case of data disclosure. So what is making Cloud famous in healthcare right now? Our healthcare experts attribute this is to the following industry trends: Technology innovation and quick adoption of mobile health devices (blood glucose monitors, heart rate meters, wearable fitness devices etc), digital pathology (Digital PCR, Digital blood cell counters etc), bioinformatics etc. Increasing government initiatives to integrate data across the health care chain such as hospital information systems (HIS), laboratory information systems (LIS), picture archiving and communication system (PACS) etc with electronic health records (EHR) and central database systems. Efforts of healthcare industry to move towards paperless process, therefore increasing the adoption of EHR Increasing number of companies that are using cloud to store personal health record (an increase over 20% in the year). Success stories of cloud application in other industries directly related to increase in revenue, cost- saving tool, effective data management etc. 2

3 Figure: Core Application of Cloud Computing Others 18% Innovation and Survival Meachanism 15% Source: OBRC Cost Saving 30% Business Agility 37% 0% 5% 10% 15% 20% 25% 30% 35% 40% Deployment (percentage) Need of The Hour for Health care Industry Business agility is the degree at which an organization adapts to the changes in the environment. The core objectives of the Cloud deployments i.e. business agility and cost savings is exactly the need of the hour for the healthcare industry too. However, there is a word of caution as much as healthcare is adopting Cloud solutions, any significant issues pertaining to data privacy, data management (quality and time) are expected to affect the adoption levels largely. Therefore, it is extremely important that the Cloud solution providers who have been successfully developing platforms for other industry need to have an in-depth knowledge about the healthcare industry and process to design specific solutions that can in-still confidence among the healthcare users. 3

4 1. What is Cloud 2. Key Components of Cloud: A Snap Shot 3. Regulatory Scenario in Healthcare Environment 4. Challenges in Healthcare Industry 4.1. Data Mining of Clinical Data 4.2. Managing Claims Data 4.3. Storage and Management of High Volume and High Definition Images 4.4. Rendering High Quality Services 4.5. Increasing Cost 4.6. Drug Trial Analysis 5. Key Motivators for Cloud Deployments in Health Care 6. Key Restraints for Cloud Deployments in Health Care 7. Opportunity Analysis 8. Value Chain Analysis Across Stakeholders (Internet Companies, Service Providers, System Integrators and Server Vendors) 9. Strategic Recommendations 10. Competitive Intelligence Recent Deployments Key Companies Market Share 11. Markets for Associated Segments and Trends Mobile Health Market ($Million), 2013 to

5 11.2. Bioinformatics Market ($Mmillion), 2013 to Healthcare IT Market ($Million), 2013 to EHR Market ($Million), 2013 to Digital Pathology Market ($Million), 2013 to Total Cloud Market and Healthcare Share ($Billion), 2013 to Application of Cloud in Healthcare ($Billion), 2013 to Business Agility Cost Saving Risk and Reputation For Payers Others 14. Cloud Products and Services Market in Healthcare ($Billion), 2013 to Applications Application development and deployment Infrastructure software Storage Servers 15. Geographic Analysis North America ($Million), 2013 to U.S Canada Europe ($Million), 2013 to Eastern 5

6 Western Central Southern Asia ($Million), 2013 to China India Korea Japan Australia Other Pacific RoW ($Million), 2013 to Corporate Profiling Company Overview Business Units and services Highlights Strategic input Strategic input Strategic input Financial Review SCOT Analysis List of Companies Aepona Cisco 6

7 Google Orange Microsoft Amazon Verizon IBM HP Verizon Salesforce.com For More Information: To understand more about OBRC research and analysis in the Healthcare domain visit: For more information on how OBRC can help you gain market insights and estimates visit: 7

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