Healthcare Software As A Service Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
The
healthcare software as a service global market report 2024 from The Business
Research Company provides comprehensive market statistics, including global
market size, regional shares, competitor market share, detailed segments,
trends, and opportunities. This report offers an in-depth analysis of current
and future industry scenarios, delivering a complete perspective for thriving
in the industrial automation software market.
Healthcare Software As A Service Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The healthcare software as a service market size has grown rapidly in
recent years. It will grow from $20.96 billion in 2023 to $24.46 billion in
2024 at a compound annual growth rate (CAGR) of 16.7%. The
growth in the historic period can be attributed to cost efficiency and
resource optimization, focus on patient-centric care, scalability for growing
healthcare needs, value-based care solutions, data security and privacy
measures..
The healthcare software as a service market size is expected to see rapid
growth in the next few years. It will grow to $48.78 billion in 2028 at a
compound annual growth rate (CAGR) of 18.8%.
The growth in the forecast period can be attributed to personalized
medicine initiatives, continuous compliance management, enhanced
interoperability standards, virtual clinical trials and research, enhanced user
experience and interface, focus on mental health support.. Major trends in the
forecast period include telehealth and remote patient monitoring,
interoperability and integration, data security and privacy compliance,
real-time analytics and reporting, agile development and continuous
updates,remote access and collaboration. .
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Scope Of Healthcare Software As A Service Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
The growing adoption of cloud computing is expected to propel the growth of
the healthcare software as a service market. Healthcare organizations are
adopting cloud computing as the current crisis has reinforced its benefits and
put to rest fears related to privacy, security, and implementation. Healthcare
organizations can achieve increased data security, assured system scalability,
and enhanced flexibility to manage billings and streamline claims for
significant cost savings with cloud computing. For instance, in February 2022,
according to a survey conducted by a UK-based consulting firm, Ernst &
Young Global Limited, and an Indian non-governmental trade association, The
National Association of Software and Service Companies (NASSCOM), four in every
five enterprises are set to increase their cloud budgets over the next 12
months. As per the survey, 67% of the large enterprises accelerated cloud
adoption, 39% of medium-sized companies, and 38% of small companies embarked on
their cloud journey. IT companies lead cloud adoption, followed by the
healthcare sector and the BFSI sector. Therefore, growing adoption of cloud
computing is driving the healthcare software as a service market growth.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the
5G chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The healthcare software as a service market covered in this report is
segmented –
1) By Application: Patient Portal, Telemedicine, Mobile Communication,
ePrescribing, EHR Systems, ERP & HR Portal, Medical Billing
2) By Deployment Model: Private, Hybrid, Public
3) By Organization Size: Large Enterprise, Small And Medium Enterprises
4) By End-User: Provider, Payer
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Regional Insights -
North America was the largest region in the healthcare software as a
service market in 2023. Asia-Pacific is expected to be the
fastest-growing region in the forecast period. The regions covered in the
healthcare software as a service market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies -
Major companies operating in the healthcare software as a service market
report are Microsoft Corporation, Salesforce Inc., SAP SE, Oracle Corporation,
Google LLC, Adobe Systems Incorporated, Cisco Systems Inc., International
Business Machines Corporation, ServiceNow Inc., Workday Inc., Zocdoc Inc.,
ClassPass Inc., Thrive Global Holdings Inc., Talkspace Inc., Pager Technologies
Inc., AiCure Technologies Inc., Noom Inc., Optum Inc., Kareo Inc., Smartsheet
Inc., Madaket Health Inc., SimplyVital Health Inc., Tailoredcare India Private
Limited, Boston Technology Research LLC, Health Data Vision Inc., Veeva Systems
Inc., Cerner Corporation, Athenahealth Inc., Allscripts Healthcare Solutions
Inc., NextGen Healthcare Inc., eClinicalWorks LLC, Greenway Health LLC,
AdvancedMD Inc., drchrono Inc., CareCloud Corporation
Table of Contents
1. Executive Summary
2. Healthcare Software As A Service Market Report Structure
3. Healthcare Software As A Service Market Trends And Strategies
4. Healthcare Software As A Service Market – Macro Economic Scenario
5. Healthcare Software As A Service Market Size And Growth
…..
27. Healthcare Software As A Service Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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