Cloud is computing is an innovative technology which can transform the healthcare industry. The technology basically involves delivering the hosted services with the help of internet. However, in the healthcare industry, cloud computing can be the cost-effecting process which offers data storage, data exchange, real-time data collection among several healthcare organizations. In addition, there is a large amount of healthcare data being generated daily. Thus, this data is important for offering the best care and decision making for patients. The technology is completely changing the healthcare industry with the working ways of clinics, doctors, hospitals, and nurses offering cost-effective, better quality services to their clients.
Healthcare providers collect as well as generate the huge amount of data from the massive number of internal courses such as radiology images, EHRs (Electronic Health Records), prescription information, pharmacy sales, insurance claims, and lab tests data. The amount of digital data is increasing rapidly each year mainly owing to the shifting payer environments. In addition to this, advancements in technology are also resulting in the production of huge amount of healthcare data. On the other hand, patients are highly adopting mobile digital services, comprising chronic diseases and activity monitoring products such as glucose trackers, etc. In addition, the increasing usage of Internet of Things applications is raising the data analytics as well as data storage requirements of healthcare providers.
The growing cloud-based medical collaborations are the most common factor boosting the growth of the global healthcare industry. However, cloud computing technology is used to deal with the American opioid crisis, with integrating policymakers, professionals, as well as the technology providers. Cost savings, scalability, and improved flexibility are some of the major advantages of cloud computing in the healthcare industry. In addition to this, the huge numbers of organizations are growingly shifting towards conducting collaborative researches to tackle human-related healthcare issues quickly and efficiently.
The implementation of cloud computing modules will aid healthcare providers to make appropriate decisions for opioid prescriptions for their consumers. On the other hand, the introduction of blockchain technology in cloud computing is the major trend likely to increase prominence in the healthcare market. In addition, the healthcare market is growingly employing cloud computing technology to obtain higher data security, manage billions, streamline claims, and to maintain drug supply chain as well as healthcare research integrity. Likewise, blockchain technology provides higher data integrity and data security to the employed systems owing to its distributed structure. However, market vendors forecast that these factors will define the role of cloud computing in the healthcare industry into the coming years.
According to the geography, North American market holds the highest healthcare cloud computing market share. However, it is one of the major contributors to the global market owing to its developed as well as technologically advanced region. Thus, the region has huge number of the patient population and the region also has a large number of medical and major technology companies. The growing usage of digital recordkeeping system is aiding the region to account for the highest share across the globe.