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North America Healthcare Cloud Computing Market

2024-10-2900

North America Healthcare Cloud Computing Market Analysis

The North America Healthcare Cloud Computing Market size is estimated at USD 23.22 billion in 2025, and is expected to reach USD 41.14 billion by 2030, at a CAGR of 12.12% during the forecast period (2025-2030).

Factors such as an increase in the adoption of information technology in the healthcare sector, access to advanced technologies, and established healthcare infrastructure are expected to fuel the market's growth during the forecast period.

For instance, in August 2023, HCA Healthcare Inc., a prominent healthcare provider in the United States, partnered with Google Cloud to leverage generative AI technology. The aim is to streamline tasks like clinical documentation, allowing healthcare professionals to dedicate more time to patient care. Furthermore, in August 2023, Illinois-based Celegence, a regulatory compliance service and software solution company, launched CAPTIS Copilot, an enterprise cloud-based platform with the option for document automation and literature review solutions for the life sciences industry. The cloud-based solution enables medical device and IVD manufacturers to increase innovation and workflow. Given the innovative solutions and strategic initiatives in cloud computing, the market is poised for significant growth during the forecast period.

Furthermore, key players and their strategic activities, such as service launches, collaborations, and agreements in the healthcare cloud-based computing sector, are expected to drive the market's growth in North America. For instance, in March 2023, ClearDATA, a healthcare cloud services provider from Austin, partnered with EmVenio Research. They aim to enhance minority participation in clinical trials, leveraging ClearDATA's Managed Health Cloud for secure, culturally accessible solutions. Similarly, in January 2023, healthcare organizations, namely Redlands Community Hospital, Pioneer Medical Center, Ste. Genevieve Memorial Hospital, Scotland County Hospital, Whitfield Regional Hospital, St. Bernard Hospital, Appling Healthcare, and Cherry County Hospital and Clinic signed an agreement with MEDITECH to utilize MEDITECH's Expanse MaaS Platform. The company witnessed a 45% increase in the total number of organizations licensing MEDITECH's MaaS platform compared to 2021. The rising adoption of cloud-based computing services in North America, coupled with increased collaborative efforts to implement software as a service in healthcare, is projected to fuel the market's growth in the coming years.

With North America's healthcare sector increasingly embracing cloud computing for digital health support, alongside heightened strategic engagements like agreements and collaborations among key players, the market is poised for substantial growth in the coming years. However, data security issues are expected to hinder the market's growth during the forecast period.

North America Healthcare Cloud Computing Market Trends

The Software-as-a-Service Segment is Expected to Witness a Positive Growth During the Forecast Period

Software-as-a-service (SaaS) is a cloud-based software delivery model in which the cloud provider develops and maintains cloud application software, provides automatic software updates, and makes software available to its customers via the Internet on a pay-as-you-go basis. Software-as-a-service (SaaS) is a software distribution model in which a cloud provider offers applications to end users over the Internet. Healthcare Software-as-a-service refers to cloud-based software applications designed for the healthcare industry that support healthcare organizations in managing and streamlining various aspects of their operations, such as patient management, clinical documentation, and revenue cycle management.

Rising SaaS installations, a surge in SaaS service launches, and strategic partnerships with hospitals are expected to fuel the segment growth during the forecast period. For instance, in April 2023, US-based hospital supply chain SCWorx signed an agreement with a New York hospital to provide its software-as-a-service (SaaS) data management service and Workday implementation assistance. Similarly, in February 2023, Novari Health implemented its surgical waitlist management and eBooking technology at Humber River Hospital using software-as-a-service (SaaS).

Furthermore, increased adoption of digital health services is likely to create a demand for SaaS services across North America. For instance, a survey conducted by Canada Health Infoway in November 2023 showed that an increasing number of Canadians accessed their personal health information electronically annually. As per the same survey, Canadian survey respondents expressed significant interest in digital health services, particularly in electronic prescriptions and accessing their personal health information (PHI). Notably, 50% report having prescriptions sent directly to pharmacies by their physicians without a paper script. Additionally, nearly half have engaged in telephone consultations with healthcare providers, and almost 40% have accessed their PHI online. Thus, owing to the increased adoption of digital health services, the growth of the segment is likely to rise during the forecast period.

With a surge in advanced software-as-a-service (SaaS) product launches and an increasing demand for digital health services in North American hospitals and healthcare facilities, the segment under study is poised for substantial growth in the coming years.

The United States is Expected to Witness Healthy Growth During the Forecast Period

The United States is expected to witness significant market growth due to factors such as the robust healthcare infrastructure, the presence of major industry players, the high adoption of advanced healthcare technologies, and the launch of digital health services. For instance, in March 2023, the Cleveland Clinic and IBM introduced the inaugural deployment of an on-site, privately managed quantum computer in the United States. The IBM Quantum System One, now operational at the Cleveland Clinic, marks a pioneering move as the globe's premier quantum computer exclusively focused on advancing healthcare research, specifically to hasten biomedical breakthroughs at the Cleveland Clinic. This collaboration signifies a significant leap forward in the integration of quantum computing within the healthcare sector, which is likely to drive the market during the forecast period.

Furthermore, major market players in the United States are actively introducing intelligent healthcare platforms and patient engagement systems to maintain their competitive edge. For instance, in January 2023, HARMAN, a wholly-owned subsidiary of Samsung Electronics Co. Ltd, launched its intelligent Healthcare Platform designed to help healthcare and life sciences enterprises in their journey toward personalized customer-centric services. Similarly, in October 2023, EyeMD EMR, a premier provider of clinical software tailored for eye care, unveiled Axon, its 3rd Generation Patient Engagement System. This cutting-edge tool enables clinicians to engage with patients digitally, transcending traditional clinical boundaries. By doing so, it aims to boost efficiencies, open new avenues, and elevate the overall quality of care. Thus, such advanced healthcare service launches in the United States are likely to increase the demand for cloud computing in healthcare, contributing to the market's growth during the forecast period.

With increasing strategic activities bolstering the digital healthcare sector and a notable uptick in the launch of cloud computing services, the United States is poised for substantial growth in the coming years.

North America Healthcare Cloud Computing Industry Overview

The North American healthcare cloud computing market is fragmented in nature due to the presence of several companies operating globally and regionally. A few of the major companies in the market are IBM Corporation, Amazon Web Services Inc., Koninklijke Philips NV, Microsoft, and Oracle.

North America Healthcare Cloud Computing Market Leaders

  1. IBM Corporation

  2. Koninklijke Philips N.V.

  3. Microsoft

  4. Oracle

  5. Amazon Web Services Inc.

  6. *Disclaimer: Major Players sorted in no particular order

North America Healthcare Cloud Computing Market News

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