The global healthcare software as a service market size was estimated at USD 29.18 billion in 2021 and it is expected to reach around USD 79.56 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 11.79% during the forecast period 2022 to 2030.
Increased utilization of clouding and wireless technologies worldwide and increasing the growth of digitalization in health care center. Healthcare center plays a major role in driving the growth of the health care software and installing the software system in to the devices. Which helps to boost the healthcare software as a service (SaaS). According to investigation around 23% of organizations are deciding for installing the cloud process system in future. As per survey about 94% center are utilizing the healthcare software as a service.
Healthcare centers are in future planning to install the SaaS and many of the centers have already installed having the benefits of ease of workflow, management of the work, cost benefits, managing capabilities, increased administration, ease of integration, guarantee, disaster recovery, customized infrastructure, scalability, customer supports multiple applications of SaaS in database server, mobile services, website, email communications, customer relationship management, data analytics, documentation management, productivity apps, ERP.
Report Scope of the Healthcare Software As A Service Market
|Market Size in 2022||
USD 32.62 Billion
|Market Size by 2030||
USD 79.56 Billion
|Growth Rate from 2022 to 2030||CAGR of 11.79%|
|Forecast Period||2022 to 2030|
|Segments Covered||Product, Delivery Mode, Applications, Deployment, End User and Geography|
Jag Products LLC (US), Oracle (U.S), Cognizant (U.S), INFOR (U.S), Epic Systems Corporation (U.S), Elinext (U.S), Meta (U.S), CPSI (U.S), SAP (Germany), Medical Informatin Techology Inc. (U.S), eClinicalWorks (U.S), athenahealth (U.S), Koninklijke Philip N.V (Netherlands), Change Healthcare (U.S), Cerner Corporation (U.S), Optum Inc. (U.S), Allscripts Healthcare LLC (U.S)
Increased developments and benefits from the SaaS and increased digitalization across the various regions in the health sector as increased the market of SaaS. Impact of Covid-19 on SaaS has enhanced the digitalization. Increased digitalization and managing health care center and other work flow through digitalized method due to shortage of multiple necessities in the healthcare center and manpower. Various tasks are performed through digitalized method utilizing cloud method during the pandemic situation. Furthermore, increased usage of SaaS in health care centers, improved data management, disparate systems and increasing further planning to install the SaaS and to update the software with advanced new features developed for easy work flow and to drive the healthcare SaaS market during the forecast period.
Software systems developed with new innovations and technologies as per the requirements from the healthcare institutes for managing the patients’ health information, documentation, telemedicine and many more. Utilized in acute care hospitals, critical access hospitals, multi special physicians, rehabilitation centers, psychiatric hospitals and many more. Majorly use of software in managing hospital system, hospital information system and hospital resource planning drives the market of Healthcare SaaS during the forecast period.
Increased needs of the software services in health care centers integration new software’s and increased completion have increased market growth across the world. Rising growth and integration of the software’s in the health care centers. Market players focused on developing the newly developed software’s with new features and reduced costing of the software, increased research and development process, inpatient security drives the market to grow during the forecast period.
Healthcare SaaS to hold the top position in the market, revenue cycle management during the forecast period. Expansion of the financial data management to increase the business by developing system software’s with higher efficacy and good productivity, increased remote patient monitoring, home health care devices with increasing geriatric and pediatric populations led to increase the market of health care software as a service.
Segmentation of health care software as a service based on the product divided in to eEnterprise content management, business intelligence, customer relationship management, revenue cycle management are developed products with improved software systems helps to growth the market revenue share with increased management and increased patient care to expand the SaaS market to grow high.
Delivery Mode Insights
Segmentation of health care software as a service based on the deliver mode it is divided in to cloud based and on premise, increased clouding connectivity and on-premise connectivity for the easy work flow management over the software.
Based on deployment services includes utilization of software’s in public, private and hybrid. Increased utilization of the software system and increasing the SaaS to enhance the market to grow and develop more updated software’s.
Segmentation of health care software as a service based on the application includes multiple applications such as medical billing, ERP & HR portal, EHR system, prescribing, mobile communication, telemedicine, patient portal, health care providers, health care players these applications are contributing to grow the heath Care SaaS market to a greater extent with increasing applications in health care center.
Healthcare Software As A Service Market Share, By Region, 2021 (%)
|Regions||Revenue Share in 2021 (%)|
Segmentation of healthcare software as a service on the basis of geography North America to hold the highest position to increase the utilization and development of SaaSin health care centers with rapid acceptance of the developed technology driving the market to grow high.
Asia Pacific region also examined to grow the market at a high CAGR with increased digitalization helps to support the growth of SaaS in health care. Other regions such as Europe, Latin America, Middle East and Africa also contributed to enhance the market rate with increased revenue share during the forecast period.
Key market players
Segments covered in the report
By Delivery Mode
By End User
No cookie-cutter, only authentic analysis – take the 1st step to become an Precedence Research client