NORTH AMERICA HEALTHCARE CLOUD COMPUTING MARKET
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1 NORTH AMERICA HEALTHCARE CLOUD COMPUTING MARKET [By Applications (EMR, PACS, RIS, RCM, APB), By Deployment (Private, Public, Hybrid), By Service (SaaS, IaaS), By Pricing (Pay-As-You- Go, Spot), By End Users (Provider, Payers)] MarketsandMarkets
2 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace and defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2014 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Page 2
3 1 EXECUTIVE SUMMARY FIGURE 1 NORTH AMERICAN HEALTHCARE CLOUD COMPUTING MARKET, BY GEOGRAPHY, ($MILLION) U.S. Canada CAGR (%) Source: MarketsandMarkets Analysis The North American healthcare cloud computing market was valued at $XX million in This market is expected to reach $XX million by 2018, at a CAGR of from 2013 to MarketsandMarkets Sample Page 3
4 2 NORTH AMERICAN CLOUD COMPUTING HEALTHCARE MARKET, BY APPLICATIONS 2.1 CLINICAL INFORMATION SYSTEMS (CIS) TABLE 1 NORTH AMERICAN HEALTHCARE CIS MARKET, BY SEGMENT, ($MILLION) Segment CAGR% ( ) EMR XX XX XX XX XX PACS XX XX XX XX XX CPOE XX XX XX XX XX RIS XX XX XX XX XX LIS XX XX XX XX XX PIS XX XX XX XX XX Others XX XX XX XX XX Total XX XX XX XX XX Source: Press Releases, Cloud Computing Association (CCA), Healthcare Information and Management Systems Society (HIMSS), Centers for Disease Control and Prevention (CDC), California Association of Public Hospitals and Health Systems (CAPH), General Physician Hospital Organization (GPHO), The Cloud Computing Association (CCA), The Institute of Electrical and Electronics Engineers (IEEE) Computer Society, Expert Interviews, MarketsandMarkets Analysis PACS accounted for the largest share of the North American CIS Software Cloud Computing market at an estimated $XX million in 2013; it is expected to reach $XX million by 2018, at a CAGR of from 2013 to MarketsandMarkets Sample Page 4
5 PACS enables archiving large amounts of data and sharing images between medical facilities which are not on a common network. With cloud services, images can be quickly and easily transmitted via a secure Internet connection to on-site or off-site radiologists for reading, and studies can be shared with referring physicians or other clinicians at any location over a basic Internet connection. It is estimated that medical image archives are increasing by - each year globally and in the U.S. alone it is projected that by 2012 there will be XX billion medical images stored. MarketsandMarkets Sample Page 5
6 3 NORTH AMERICA CLOUD COMPUTING HEALTHCARE MARKET, BY END USERS 3.1 INTRODUCTION FIGURE 2 NORTH AMERICAN HEALTHCARE CLOUD COMPUTING MARKET SEGMENTATION, BY END USER HEALTHCARE CLOUD PROVIDERS PAYERS SaaS IaaS PaaS Private Source: MarketsandMarkets Analysis MarketsandMarkets Sample Page 6
7 3.2 CLOUD COMPUTING DEPLOYMENT IN HEALTHCARE PROVIDERS AND PAYERS Healthcare providers have come a long way in terms of adopting the cloud computing technology. In 2011, the healthcare industry began analyzing the benefits and cost factors of cloud computing. In 2012, the industry witnessed an increase in transfer of applications and data on cloud, which was followed by rapid adoption of cloud due to federal mandates and cost benefits. Currently, the market is experiencing increasing movement of patient data on the cloud by small, medium, and large-sized providers. FIGURE 3 CLOUD COMPUTING ADOPTION TREND AMONGST HEALTHCARE PROVIDERS 2014 Cloud Adoption: - Early Majority 2012 Cloud Adoption: - Early Adopters Moving Data on Cloud 2013 Cloud Adoption: - Early Adopters Increased Awareness 2011 Cloud Adoption: - Innovators Price Comparison Source: MarketsandMarkets Analysis MarketsandMarkets Sample Page 7
8 3.2.1 INDICATIVE LIST OF CLOUD COMPUTING DEPLOYMENT IN HEALTHCARE PROVIDERS FIGURE 4 ADOPTION OF CLOUD COMPUTING FOR SMALL, MEDIUM, AND LARGE PROVIDERS, (2011 JANUARY 2014) ABC DEF GHI *Note: The analysis is based on news/press releases available in the public domain. Cloud computing deployments for small-sized providers are usually not reported in the public domain. Hence, the figure above shows a relatively lesser share for cloud computing deployments for small-sized providers. Source: Press Releases and MarketsandMarkets Analysis FIGURE 5 MOST ACTIVE COMPANIES PROVIDING CLOUD SERVICES TO HEALTHCARE PROVIDERS (2010 JANUARY 2014) ABC Athenahealth BCD Oracle CDE Dell EFG CareStream FGH Microsoft GHI Merge Healthcare HIJ ClearData JKL Others Source: Press releases and MarketsandMarkets Analysis MarketsandMarkets Sample Page 8
9 4 COMPETITIVE LANDSCAPE 4.1 INTRODUCTION In the competitive landscape, this report studies the growth strategies adopted by companies in the North American Healthcare Cloud Computing market between 2010 and Players in this market have adopted various strategies to expand their customer base and increase their market share. The major strategies adopted by players are client acquisitions; agreements, partnerships, collaborations, and alliances; new product launches; acquisitions; and others (fund raising, event participation, marketing and promotion, expansion, and educational promotion, among others). FIGURE 6 KEY GROWTH STRATEGIES, ABC Client Acquisitions BCD Agreements, Partnerships, Collab and Alliances CDE New Product Launches EFG Acquisitions FGH Others Sources: Annual Reports and MarketsandMarkets Analysis In the North American Healthcare Cloud Computing market, client acquisitions was the key growth strategy followed by industry participants. It accounted for of the overall growth strategies adopted by players in this market. Agreements, partnerships, collaborations, and alliances accounted for a share of the total number of growth strategies adopted by players in the North American Healthcare Cloud Computing market. MarketsandMarkets Sample Page 9
10 Disclaimer: MarketsandMarkets strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge, when ordering, that MarketsandMarkets strategic analysis services are for our customers internal use and not for general publication or disclosure to third parties. Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation. MarketsandMarkets does not endorse any vendor, product or service depicted in its research publications. MarketsandMarkets strategic analysis publications consist of the opinions of MarketsandMarkets' research and should not be construed as statements of fact. MarketsandMarkets disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. MarketsandMarkets takes no responsibility for any incorrect information supplied to us by manufacturers or users. All trademarks, copyrights and other forms of intellectual property belong to their respective owners and may be protected by copyright. Under no circumstance may any of these be reproduced in any form without the prior written agreement of their owner. No part of this strategic analysis service may be given, lent, resold or disclosed to noncustomers without written permission. Reproduction and/or transmission in any form and by any means including photocopying, mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited. For information regarding permission, contact: Tel: sales@marketsandmarkets.com MarketsandMarkets Sample Page 10
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