Healthcare Cloud Computing Market Size, Share, Growth Analysis, By Product Type (Healthcare Provider Solutions, Healthcare Payer Solutions), By Component (Services, Solutions), By Pricing Model (Pay-As-You-Go Pricing Model, Subscription-Based Pricing Model), By Deployment Model (Private Cloud, Hybrid Cloud), By Service Model (Software-As-A-Service, Infrastructure-As-A-Service), By Region - Industry Forecast 2024-2031

Global Healthcare Cloud Computing Market size was valued at USD 36.60 billion in 2022 and is poised to grow from USD 44.39 billion in 2023 to USD 166.72 billion by 2031, growing at a CAGR of 17.53% during the forecast period (2024-2031).

In recent times, the demand for healthcare cloud computing market is increasing due to the rising popularity for integrated information systems. The rising prevalence of chronic diseases and aging population are boosting the market growth. The rising demand-supply gap in the medical sector has resulted in a growing need for IT, driving the adoption of cloud computing. Furthermore, technologically innovative medical infrastructure, particularly the hospitals in developed economies, is one of the primary factors propelling the market demand. With the growing population and massive amount of patient information, incorporation of data and having real-time access have become a necessity. Lately, many private and public facilities in medical IT infrastructure are increasing investments in healthcare, positively influencing the growth of the market. The medical establishments can immensely benefit from the cloud due to the latest technological developments and increased security. Technological innovations like remote monitoring, natural language processing APIs, and telehealth cloud technology are advancing to fit the unique digital health settings. These factors are increasing the demand for healthcare cloud computing market massively.