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North America Healthcare Cloud Computing Market Analysis

The North America Healthcare Cloud Computing Market size is estimated at USD 20.71 billion in 2024, and is expected to reach USD 36.70 billion by 2029, growing at a CAGR of 12.12% during the forecast period (2024-2029).

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

North America Healthcare Cloud Computing Industry Segmentation

Healthcare cloud computing is a practice of implementing remote servers accessed through the internet to the healthcare facility for managing and processing healthcare-related data.

The North American healthcare cloud computing market is segmented by application, deployment, service, end user, and geography. By application, the market is segmented into clinical information systems (cis) and non-clinical information systems (NCIS). By deployment, the market is segmented into private cloud and public cloud. By service, the market is segmented into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). By end user, the market is segmented into healthcare providers and healthcare payers. By geography, the market is segmented into the United States, Canada, and Mexico. The report offers the value (USD) for the above segments.