Persistence Market Research is released new forthcoming report on title "Healthcare Cloud Computing Market: Global Industry Analysis and Forecast to 2020".

New York, NY -- (SBWire) -- 10/10/2014 --Healthcare cloud computing facilitates faster accessibility of medical records and large storage of medical information in hospitals and clinics. Cloud computing is used to share patient information between healthcare providers and pharmacists. It also plays a vital role in patient billing and reduces capital expenditure which is associated with conventional mode of billing practices. It increases the speed and flexibility of healthcare services such as telemedicine, Electronic Medical Record (EMR) and medical imaging techniques.

The global healthcare cloud computing market is categorized based on various service modes, applications, deployment modes, pricing models and components. The service mode segment is further sub-segmented into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS). The application segment includes Non Clinical Information System (NCIS) and Clinical Information System (CIS). The NCIS sub-segment is further divided into patient billing, payroll management, revenue cycle management and claims reimbursement systems. The CIS sub-segment includes Pharmacy Information System (PIS), Laboratory Information System (LIS), EMR and Computerized Physician Order Entry (CPOE).

The deployment segment is categorized into private, public, community and hybrid modes of deployment. The pricing model segment is sub-segmented into pay-as-you-go model and the subscription-based cloud computing pricing model. The component segment includes services, software and hardware.

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In terms of geographic, North America dominates the global healthcare cloud computing market due to improved healthcare infrastructure. The U.S. represents the largest market for healthcare cloud computing followed by Canada in North America. However, Asia is expected to show high growth rates in the next five years in global healthcare cloud computing market due to improving healthcare infrastructure and increasing government spending on healthcare IT. In addition several government associations are also supporting in growth of the healthcare cloud computing market in Asia. For instance, Asia Cloud Computing Association (ACCA) is a non-profit organization with a mission to accelerate adoption of cloud computing in the region. China and India are expected to be the fastest growing healthcare cloud computing markets in Asia.

In recent time, increased government healthcare IT spending and advanced features of cloud computing services are some of the major drivers for the global healthcare cloud computing market. However, high cost involved in the implementation of CIS is key restraint for the global healthcare cloud computing market. In addition, lack of security and privacy of patient’s information in CIS also obstructs the growth of the global healthcare cloud computing market. Increasing usage of portable devices, such as cell-phones and laptops, to access healthcare services is key trend for the global healthcare cloud computing market.

Some of the major companies operating in the global healthcare cloud computing market are CareCloud, Cleardata Networks, Carestream Health, Inc., Merge Healthcare, Inc., Cisco Systems, Inc., GE Healthcare, Microsoft Corporation and Agfa Healthcare.

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