Cloud Computing Growth for Healthcare Industry
Like many other sectors, the healthcare industry is among the biggest beneficiaries of cloud computing. It is a hi-tech innovation that helps store, manage, and process healthcare-related data on remote servers accessible over the internet. This is the best alternative to building an on-site data center with servers or storing the data on a personal computer.
Here, you will learn more about how cloud computing has grown in the healthcare sector and how it has helped many previous challenges.
Global Healthcare Cloud Computing Market Growth
The worldwide healthcare cloud computing market was worth USD 48.1 billion in 2021 and is predicted to increase at a compound annual growth rate of 16.7 percent between 2022 and 2030.
These are some reasons for the increased market cap of the healthcare cloud computing infrastructure.
- The expanding trend in the healthcare industry
- incorporation of advanced AI/ML analytics
- cloud adoption of healthcare systems
- increased healthcare spending
- inefficient maintenance services
- Overburdened healthcare systems.
With the use of cloud computing, healthcare institutions would be able to connect and optimize their operations and boost organizational and functional outcomes. It will also help them improve data management and security and provide the best care.
Healthcare institutions are predicted to increase acceptance and demand for cloud computing systems, driving market development.
Advantages of adopting cloud computing in healthcare
As we have already seen, the cloud computing market is growing, and there is increased demand for this infrastructure in the healthcare industry. Here are some of the advantages that come with adopting cloud computing for healthcare.
1. Boost efficient electronic medical records
Hospitals and other medical institutions are mandated to keep and provide reliable electronic medical records. This is achieved by efficiently storing patient information, including healthcare providers' interactions. Cloud computing aims to offer safer, high-quality, and improved efficiency of medical services.
2. Streamlines collaborative care for patients
Cloud computing is a good technology that has helped hospitals easily share information about patients' medical records. Initially, patients used to carry loads of files containing their medical records for each department or doctor they visited. However, with cloud computing, medical practitioners can easily collaborate and improve the quality of healthcare they provide for patients.
3. Reduce data storage cost
Establishing an on-site data center can be very expensive for healthcare facilities. It is an investment that requires a lot of hardware, servers to store data and more IT infrastructure that is crucial for keeping data secure and easily accessible.
Having reliable cloud-based healthcare solutions lowers the cost of storing healthcare data. Cloud service providers handle the construction, administration, and maintenance of cloud data to enable better data storage costs.
4. Improve data security
For many years, healthcare physicians have used storage cabinets to keep records of patients’ data. This comes with a lot of risks, including theft and potential damage. Paper records can be easily lost or destroyed in a fire or natural disaster like floods. Cloud computing ensures data is always safe and only accessible by authorized personnel.
In summary, cloud computing is a technology that has many advantages for many industries. The healthcare sector is the biggest beneficiary of this invention, which helps improve user data storage, security and lower cost.