Global Healthcare Cognitive Computing Market

Cognitive services are a set of tools and frameworks that helps businesses to build AI-infused applications and operationalize AI services quickly without the need for data scientists. These enable the computer to process pieces of external information. The cognitive services are used to implement artificial intelligence (AI) into several components for easy utilization in applications. The main service types of cognitive services are data transformation, cloud and web-based application programming interface, knowledge management, cognitive risk intelligence, data integration and cognitive automation, training and support, communication monitoring, consulting and advisory, and others. The different technologies include natural language processing, machine learning and deep learning. Natural language processing refers to the branch of computer science—specifically, the branch of artificial intelligence or AI concerning giving computers the ability to understand the text and spoken words in the same way that humans do. The natural language processing is used for text analytics, predictive text, language translation, digital phone calls, and data analysis. The different deployment modes include on-premises and cloud that are used in several applications such as predictive maintenance, marketing analysis, quality management investigation and recommendation, supply chain management, diagnosis and treatment systems, safety and security management, and other applications. The several end users include healthcare, banking, financial services, and insurance, it and telecommunication, retail, manufacturing, education, government, others. The cognitive services market research report is one of a series of new reports from The Business Research Company that provides cognitive services market statistics, including cognitive services industry global market size, regional shares, competitors with a cognitive services market share, detailed cognitive services market segments, market trends and opportunities, and any further data you may need to thrive in the cognitive services industry. This cognitive services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cognitive services market size grew from $9.66 billion in 2022 to $13.3 billion in 2023 at a compound annual growth rate (CAGR) of 37.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cognitive services market size is expected to grow to $48.03 billion in 2027 at a CAGR of 37.9%. An increase in data volume and complexity is expected to propel the growth of the cognitive services market going forward. The volume of data refers to the size of the data sets that must be evaluated and processed, which can be in the terabyte and petabyte range. With the increased use of social media, mobile, analytics, and the cloud paradigm, massive amounts of real-time, multimodal, unstructured, and redundant data are generated. Cognitive Services reduce data redundancy and result in faster big data processing. For instance, according to Tech Jury, a US-based business software solution company, 181 zettabytes of data will be produced globally by 2025. Therefore, an increase in data volume and complexity is driving the growth of the cognitive services market. Technological advancement is a key trend gaining popularity in the cognitive services market. Major players operating in the cognitive services sector is focused on developing and implementing new technologies to meet consumer demand and reinforce their position. For instance, in May 2022, Microsoft Corporation, a US-based technology company expanded the Azure OpenAI service with the help of InstructGPT. InstructGPT is a collection of GPT-3-based models that are less faulty and do not generate as much problematic text as their rivals. In January 2022, ei3 Corporation, a US-based company providing artificial intelligence technology acquired Cognitive Solutions and Innovation AG (COGSI AG) for an undisclosed amount. As a result of this acquisition, industrial clients of ei3 gain deep insights into their operations to reduce unplanned downtime in the future, improve asset efficiency, and increase sustainability. COGSI AG is a Switzerland-based company that provides cutting-edge artificial intelligence solutions for industrial manufacturing. Major players in the cognitive services market are IBM Corporation, Amazon Web Services, Inc., Google LLC, Nuance Communications, SAS Institute Inc., Microsoft Corporation, Attivio Inc., Tata Consultancy Services Limited, Qualcomm Technologies Inc., Nokia Corporation, Infosys Limited, Wipro Limited, Enterra Solutions LLC, Apple Inc., and BMC Software. North America was the largest region in the cognitive services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cognitive services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cognitive services market includes revenues earned by entities by providing data transformation, cloud and web-based application programming interface, knowledge management, cognitive risk intelligence, data integration and cognitive automation, training and support, communication monitoring, and consulting and advisory. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cognitive services market is segmented - 1) By Service Type: Data Transformation, Cloud and Web-Based Application Programming Interface, Knowledge Management, Cognitive Risk Intelligence, Data Integration and Cognitive Automation, Training and Support, Communication Monitoring, Consulting and Advisory, Other Service Types 2) By Deployment: On-Premises, Cloud 3) By Technology Type: Natural Language Processing, Machine Learning and Deep Learning 4) By Application: Predictive Maintenance, Marketing Analysis, Quality Management Investigation And Recommendation, Supply Chain Management, Diagnosis And Treatment System, Safety And Security Management, Other Applications 5) By End User: Healthcare, Banking, Financial Services, and Insurance, IT and Telecommunication, Retail, Manufacturing, Education, Government, Other End Users

Cognitive analytics refers to an analytical strategy used to identify business possibilities, assess new trends, streamline procedures, lower risk, adjust to changing circumstances, and address urgent process-related problems immediately. The primary purpose of cognitive analytics is to provide an intelligent technology analysis that incorporates a variety of analytic methods to examine massive data sets and provide unstructured data structures. The main component of cognitive analytics are tools and services. The tools component of cognitive analytics are used to aggregate data from several corporate systems into a repository. Tools refer to certain categories of application software that gather information from various business systems and place it in a repository, like a data warehouse, so that it may be examined and analysed. The technology used are natural language processing (NLP), machine learning, automated reasoning, and technology snapshot, which are deployed on-premise and cloud, that are applied in asset maintenance, fraud and risk management, customer analysis and personalization, sales and marketing management, supply chain management, and other. It is used by banking, financial services, and insurance (BFSI), telecommunications and IT, retail and consumer goods, healthcare and life sciences, manufacturing, government and defense, energy and utilities, media and entertainment, transportation and logistics, and others. The cognitive analytics market research report is one of a series of new reports from The Business Research Company that provides cognitive analytics market statistics, including cognitive analytics industry global market size, regional shares, competitors with a cognitive analytics market share, detailed cognitive analytics market segments, market trends and opportunities, and any further data you may need to thrive in the cognitive analytics industry. This cognitive analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cognitive analytics market size is expected to grow from $5.19 billion in 2022 to $7.10 billion in 2023 at a compound annual growth rate (CAGR) of 36.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The cognitive analytics market is expected to grow to $24.95 billion in 2027 at a CAGR of 36.9%. The growing usage of cloud technology is expected to propel the growth of the cognitive analytics market going forward. Cloud computing has emerged as a powerful influence in recent years. It handle massive amounts of data while also allowing for global deployment, allowing firms to develop more inventive and dynamic working methods. Internet-connected devices enable people to access servers, storage, data, software, and other resources. Cloud technologies allow cognitive analytics to securely store and share these new and innovative data, applications, and APIs. For instance, In December 2021, according to data published by Eurostat, Cloud technology was trendy in large organizations, as 72% used it in 2021, a 7 % increase over 2020. Cloud computing will be adopted by 53% of medium-sized businesses in 2021, up from 46% in 2020. Furthermore, In March 2022, According to Flexera's 2022 State of the Cloud Report, organizations reported spending more than $12 million yearly in 37% of cases in 2021 and more than $1.2 million on clouds in 80% of cases. Therefore, the growing usage of cloud technology is driving the growth of the cognitive analytics market. Technological advancements are a key trend gaining popularity in the cognitive analytics market. Advanced cognitive analytics applies human-like intelligence to specific tasks and combines various intelligent technologies. Major companies operating in the market are developing advanced technologies such as semantics, artificial intelligence algorithms, deep learning, and machine learning to sustain their position in the cognitive analytics market. For instance, In August 2020, Infosys, an India-based information technology company, launched the cognitive email workbench. It integrates robotic process automation (RPA) platform actions with NLP-based AI intelligence to automate the steps necessary for responding to email-based inquiries and service requests. Its unique features make it possible to automate email responses to customer and vendor inquiries in various business processes, such as order management and accounts payable, in both an assisted and unassisted manner. It can identify consumer intent by filtering out quality from emails, sense and respond to customers' and partners' email queries, and provide customized and carefully curated offers using customer analytics. In January 2022, ei3, a US-based provider of connected AI solutions for machine builders and manufacturers, acquired Cognitive Solutions and Innovation AG for an undisclosed amount. This acquisition is a perfect fit for ei3 and would improve its IIoT product portfolio with top-notch data analytics. Cognitive Solutions and Innovation AG, also known as COGSI AG, is a Switzerland-based provider of advanced artificial intelligence solutions, cognitive analytics intelligence. Major players in the cognitive analytics market are IBM Corporation, Intel Corporation, Microsoft Corporation, SAS Institute, Cisco Systems, IPsoft, Amazon Web Services, Oracle,, Nokia, Sinequa, Hewlett Packard Enterprise, Persado, Tech Mahindra, Infosys, and Cognizant. North America was the largest region in the cognitive analytics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive analytics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cognitive analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cognitive analytics market includes revenues earned by entities by providing text analytics, voice recognition and analytics, image and visual analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cognitive analytics market is segmented - 1) By Component: Tools, Services 2) By Technology Type: Natural Language Processing (NLP), Machine Learning, Automated Reasoning, Technology Snapshot 3) By Deployment: On-Premise, Cloud 4) By Application: Asset Maintenance, Fraud and Risk Management, Customer Analysis and Personalization, Sales and Marketing Management, Supply Chain Management, Other Application 5) By End Users: Banking, Financial Services, and Insurance (BFSI), Telecommunications and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Government and Defense, Energy and Utilities, Media and Entertainment, Transportation and Logistics, Other Industries

Cognitive assessment and training refer to the mental process of learning and comprehending things through senses and experience. An individual's psychological processes and rate of information processing are formally evaluated in cognitive learning. The main types of components for the cognitive assessment and training market are solutions and services. Solutions in the market consist of offerings such as assessment, data management, data analysis, and reporting and cognitive training. Services in the market consist of services such as training and support or consulting by the providers. The components are used in small and medium-sized enterprises (SMEs), and large enterprises. These are used by healthcare and life sciences, education, corporate, and others. These are applied to clinical trials, learning, research, and others. The cognitive assessment and training market research report is one of a series of new reports from The Business Research Company that provides cognitive assessment and training market statistics, including cognitive assessment and training industry global market size, regional shares, competitors with acognitive assessment and training market share, detailed cognitive assessment and training market segments, market trends and opportunities, and any further data you may need to thrive in the cognitive assessment and training industry. This cognitive assessment and training market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cognitive assessment and training market size grew from $3.98 billion in 2022 to $4.94 billion in 2023 at a compound annual growth rate (CAGR) of 24.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cognitive assessment and training market size is expected to grow to $12.31 billion in 2027 at a CAGR of 25.6%. Increased adoption of e-learning is expected to propel the growth of the cognitive assessment and training market during the forecast period. The delivery of learning and training through digital resources such as computers is known as eLearning. Assessment is an important aspect of the online classroom. A cognitive assessment offers a profile of an individual's academic abilities and challenges, as it provides a managed snapshot of their performance, thus helping to track progress in e-learning. There has been a significant increase in the adoption of e-learning, which in turn has increased the demand for cognitive testing. According to the e-learning statistics 2020 published by EdApp, a company that creates micro-learning-based learning management systems, the global e-learning industry grew by 200% to a value of $250 billion between 2017 and 2020. Moreover, the e-learning market is projected to reach over $300 billion by 2025. Therefore, increased adoption of e-learning drives the growth of the cognitive assessment and training market. Key players focusing on developing mobile applications and software equipped with the latest technologies such as artificial intelligence and the Internet of Things are shaping the cognitive assessment and training market. The companies are focusing on technological innovations and new product launches for better and enhanced results and product offerings to the market. For instance, in October 2022, S2 Cognition, a US-based sports company, launched Mobile Testing Lab for athletes. The Mobile Testing Lab offers cognitive assessments to event venues hosting large groups of athletes for tournaments and camps. In January 2020, Alpine Investors' portfolio firm, Riverside Insights, a US-based publisher of clinical and educational standardized tests acquired ImPACT Applications, Inc., for an undisclosed amount. Alpine continues its policy of catalyzing growth by partnering with complementary companies in the education and healthcare sectors. With the acquisition of ImPACT Applications, Riverside strengthens its offerings in the healthcare and education sector. ImPACT Applications, Inc., is a US-based provider of research-backed concussion assessments. The company provides FDA-cleared immediate post-concussion assessment and cognitive testing for ages 12-59 which involves processing speed, memory, and visual-motor abilities of the brain. Major players in the cognitive assessment and training market are Cambridge Cognition, Cogstate, Pearson, CogniFit, Lumosity, Posit Science Corp., Bracket Global, Neurocog Trials Inc., Total Brain, Medavante Inc., Signant Health, ProPhase LLC, CNS Vital Signs, LearningRX, Listen and Learn Centre, Philips, MedAvante-ProPhase, VeraSci, Oxford Learning, MeritTrac, Berke, Neurotrack, GL Assessment, Savonix, Winterlight Labs, Aural Analytics, Unmind, and Altoida Inc., North America was the largest region in the global cognitive assessment and training market in 2022. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the cognitive assessment and training market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the cognitive assessment and training market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The cognitive assessment and training market includes revenues earned by entities by offering solutions that can be used for analyzing IQ or degree of intelligence, perceptual abilities, verbal and nonverbal skills, and other factors to cater to various industries. A standardized examination that assesses a person's psychological functioning and speed of information processing is called cognitive assessment and preparation. These assessments aid in more effectively identifying and acting on human needs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cognitive assessment and training market is segmented - 1) By Component: Solutions, Services 2) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises 3) By Vertical: Healthcare And Life Sciences, Education, Corporate, Other Verticals 4) By Application: Clinical Trials, Learning, Research, Other Applications

Healthcare cloud computing refers to integration of could computing services in healthcare which use remote servers accessed through the internet to store, manage, and process healthcare-related data. Healthcare cloud computing allows professionals and individuals to maintain electronic medical records for storing information about patient interactions, reduce data storage costs, offer superior data security, and more. The main healthcare cloud computing deployment models include private cloud, hybrid cloud, and public cloud. A private cloud is a model of cloud computing where the infrastructure is dedicated to a single user organisation and offers more control over and better security for private cloud servers. These healthcare cloud computing services are used by end users such as healthcare providers and healthcare payers. The different pricing models include pay-as-you-go and spot pricing. The different healthcare cloud computing service models include software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS), which are used for applications that include clinical information systems and non-clinical information systems. The healthcare cloud computing market research report is one of a series of new reports from The Business Research Company that provides healthcare cloud computing market statistics, including healthcare cloud computing industry global market size, regional shares, competitors with a healthcare cloud computing market share, detailed healthcare cloud computing market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare cloud computing industry. This healthcare cloud computing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global healthcare cloud computing market size grew from $32.5 billion in 2022 to $37.29 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare cloud computing market size is expected to grow to $66.08 billion in 2027 at a CAGR of 15.4%. The rise in the adoption of information technology in the healthcare sector is significantly driving the growth of the healthcare cloud computing market. Information technology has paved the way for more precise healthcare services that help patients attain easy and quick access to various healthcare facilities. The most common examples of health information technology are electronic health records (EHRs), e-prescriptions, and other tech tools that help patients meet health goals such as managing blood sugar levels or quitting smoking. According to the 2021 Accenture health and life science experience survey of 1,800 people in the United States, nearly 26% said their access to healthcare has been even better with digital adoption since the onset of the COVID-19 pandemic. Thus, a rise in the adoption of information technology in the healthcare sector is expected to drive the market. Technological advances in healthcare infrastructure are a key trend gaining popularity in the healthcare cloud computing market. Major companies operating in the healthcare cloud computing sector are focused on developing new technological solutions to strengthen their position. For instance, in September 2021, a US-based neuroscience software company, MetaCell, introduced MetaCell Cloud Hosting, offering advanced cloud computing solutions to facilitate research and innovation in life science and healthcare organizations of all sizes. In January 2020, MTBC, a US-based company operating in cloud-based software in healthcare, acquired CareCloud, Inc. for a deal of $40.5 million. Through this acquisition, MTBC aims to expand its offering in EHR, PM, RCM, patient experience, billing, and other healthcare analytics. CareCloud, Inc. is a US-based healthcare information technology company. IBM, Carestream Health, athenahealth, Siemens Healthineers, GE Healthcare, Cisco Systems Inc., Iron Mountain Inc., Microsoft Corp., Oracle Corp., Care Cloud Corporation, ClearDATA, Dell, Agfa-Gevaert N.V., VMware Inc., and Allscripts Healthcare Solution Inc. are major players in the healthcare cloud computing market. Asia-Pacific was the largest region in the healthcare cloud computing market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare cloud computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the healthcare cloud computing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The healthcare cloud computing market includes revenues earned by entities by providing on-demand hosted services, quick access to business applications, customer relationship management (CRM), on-demand computing, large storage for medical facilities, secured web-based services and deployment of cloud applications. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global healthcare cloud computing market is segmented - 1) By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud 2) By End User: Healthcare Providers, Healthcare Payers 3) By Pricing Model: Pay-as-you-go, Spot Pricing 4) By Service Model: Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) 5) By Application: Clinical Information System, Non-Clinical Information System

Healthcare services are the medical services provided to the people who are in need by healthcare professionals, organizations and healthcare workers. These services are provided to patients, families and communities. The main types of healthcare services are medical and diagnostic laboratory services, dental services, home health care and residential nursing care services, residential substance abuse and mental health facilities, hospitals and outpatient care centres, physicians and other health practitioners, all other ambulatory health care services, and ambulance services. The hospitals and outpatient care centres are engaged in providing diagnostic and medical treatment to patients with a wide range of medical conditions. The different expenditure types include public and private which are used by male and female. The healthcare services market research report is one of a series of new reports from The Business Research Company that provides healthcare services market statistics, including healthcare services industry global market size, regional shares, competitors with a healthcare services market share, detailed healthcare services market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare services industry. This healthcare services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global healthcare services market grew from $7,499.75 billion in 2022 to $7,975.87 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare services market is expected to grow to $9,816.85 billion in 2027 at a CAGR of 5.3%. Survival rates and quality of life have improved tremendously over the past decade. Medical and technological advances have played an important role in their progress. High technology diagnostics and therapeutic equipment integrating doctors’ practice patterns have improved healthcare services delivery. According to a report by TrendWatch, medical advances are responsible for a 70% improvement in survival rates for heart attack patients and a two-thirds reduction in mortality rates for those suffering from cancer. These factors contribute to the potential growth of the market. Many federal and state governments are either offering subsidized or free healthcare services to their citizens. Since most of the governments are offering quality healthcare services for free or subsidized rates, patients tend to opt for government healthcare services thereby, limiting the scope for private healthcare service providers. For example, the NHS (National Health Service) of the UK offers free healthcare services to all legal residents and visitors. Going forward, federal and state provisions are expected to be a major restraint on the healthcare services market. The shared medical appointments (SMA) model is being increasingly adopted globally to optimize resources and reduce costs. This is a model generally defined as multiple patients being seen as a group by a multi-disciplinary medical care team for follow-up or routine care. It is being adopted by hospitals to create awareness and counsel individual patients dealing with similar medical conditions. The SMA supplements the traditional physician-patient appointment. SMAs provide individual evaluation and disease management for each patient at the same time that they provide counseling to the patient within a group setting. SMAs are currently used to address diabetes, asthma, ulcerative colitis, MS, cancer, HIV, menopause, insomnia and stress. Major companies in the market include UnitedHealth Group Incorporated, Kaiser Permanente, HCA Healthcare, Fresenius Medical Care AG & Co. KGaA, Tenet Healthcare, Mayo Clinic, Community Health Systems, Laboratory Corporation of America, Cleveland Clinic and Davita Inc. North America was the largest region in the healthcare services market in 2022. Western Europe was the second largest region in the healthcare services market. The regions covered in the healthcare services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the healthcare services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The healthcare services market includes revenues earned by entities by providing human healthcare services such as medical and diagnostic laboratory services, dental services, nursing care, residential substance abuse and mental health facilities and other healthcare services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global healthcare services market is segmented - 1) By Type: Medical And Diagnostic Laboratory Services, Dental Services, Home Health Care And Residential Nursing Care Services, Residential Substance Abuse And Mental Health Facilities, Hospitals And Outpatient Care Centers, Physicians And Other Health Practitioners, All Other Ambulatory Health Care Services, Ambulance Services 2) By End User Gender: Male, Female 3) By Type of Expenditure: Public, Private Subsegments Covered: Medical Laboratory Services, Diagnostic Imaging Centers, General Dentistry, Oral Surgery, Orthodontics And Prosthodontics, Other Dental Services, Home Health Care Providers, Nursing Care Facilities, Orphanages & Group Homes, Retirement Communities, Residential Mental Health & Intellectual Disability Facilities, Substance Abuse Centers, Hospitals, Outpatient Care Centers, Specialist Doctors, Primary Care Doctors, Physical Therapists, Optometrists, Chiropractors, Podiatrists, Ground Ambulance Services, Air Ambulance Services, Water Ambulance Services

Healthcare IT integration refers to a variety of electronic methods that are used to manage patient data for both individual patients and groups of patients, including information about people's health and medical care. It includes a variety of electronic methods used for systematic collection of real-time data from patients in digital format to create a healthcare ecosystem. Healthcare IT integration allows information such as patients' medical history, current treatment information, treatment plans, important dates for treatments, laboratory reports, test results, and others to be retrieved instantly and securely available by authorised users to improve the quality of healthcare. The main components of healthcare IT integration include products and services. Healthcare IT integration products are used in the integration of healthcare data such as interfaces and integration engines, medical device integration software, media integration software, and other integration tools. The different applications of healthcare IT integration include clinic integration, radiology integration, lab integration, hospital integration, and other applications. The Healthcare IT Integration market research report is one of a series of new reports from The Business Research Company that provides healthcare IT integration market statistics, including healthcare IT integration industry global market size, regional shares, competitors with a healthcare IT integration market share, detailed healthcare IT integration market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare IT integration industry. This healthcare IT integration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global healthcare IT integration market size grew from $3.99 billion in 2022 to $4.5 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare IT integration market size is expected to grow to $7.42 billion in 2027 at a CAGR of 13.3%. The rapid adoption of electronic health records by physicians is significantly contributing to the growth of the healthcare IT integration market. The electronic health record is a systematic collection of real-time data of patients in digital format by physicians or hospitals, whose information is instantly and securely available by authorised users. Electronic health records require healthcare IT software and its integration into healthcare institutes for smooth functioning and maintenance of vast medical data. For instance, in 2021, according to HealthIT.gov, a US-based official website for health information technology, a certified EHR was adopted by virtually all non-federal acute care hospitals (96%) and nearly 4 in 5 all office-based physicians (78%) in the United States. Therefore, the rapid adoption of electronic health records by physicians is expected to propel the growth of the healthcare IT integration market over the coming years. Technological advancement in healthcare IT integration is the key trend being followed by the companies operating in the healthcare IT integration market. For instance, in 2021, Lyniate, an American-based healthcare IT integration g followed by the companies operating in the healthcare IT integration market. For instance, in 2021, Lyniate, an American-based healthcare IT integration company, launched its new product, Lyniate Envoy, with API technology from Datica Inc., which offers turnkey data exchange with any healthcare IT system, including Corepoint and Rhapsody. It also allows users to network with approximately over 1300 healthcare organizations for maintaining and monitoring patients’ data exchange using FHIP, C-CDA, DICOM, and others. In July 2022, Healthcare Performance Group, Inc., (HPG), a US-based company operating in EHR technology acquired Health Data Specialists, LLC (HDS) for an undisclosed amount. Through this acquisition, Healthcare Performance Group, Inc., (HPG) aims to expand its ability to deliver results-oriented solutions for healthcare IT systems, applications, and workflows. Health Data Specialists, LLC (HDS) is a US-based company operating in healthcare information technology consulting services. Major players in the healthcare IT integration market are Infor, InterSystems Corporation, Cerner Corporation, Orion Health, NXGN Management, LLC, iNTERFACEWARE Inc., Allscripts Healthcare, LLC, Epic Systems Corporation, AVI-SPL, Inc., Corepoint Health, Oracle, GE Healthcare, IBM Corporation, Siemens Healthcare GmbH, and Qualcomm Life, Inc., North America was the largest region in the healthcare IT integration market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare IT integration report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the healthcare IT integration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The healthcare IT integration market includes revenues earned by entities by providing seamless information exchange among doctors and patients, and improving performance management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global healthcare it integration market is segmented - 1) By Component: Product, Service 2) By Application: Clinic Integration, Radiology Integration, Lab Integration, Hospital Integration, Other Applications

The healthcare data storage provides data storage solutions and applications to store medical records. Data storage records are a medium to retain data via computers or other devices. The most common types of data storage are file storage, block storage, and object storage, each of which is suitable for a specific purpose. The data storage is used by the healthcare sector for patient records, electronic medical records (EMR) and backups, radiological images, insurance claims, and office documents. The data storage solutions are also used by healthcare companies to store data about manufacturing products and their processes. The main types of healthcare data storage are magnetic storage, flash storage, and solid-state storage. In magnetic storage, data is stored in the form of tiny magnetised dots. Magnetic fields created by very small electromagnets are used to create, read, and erase these dots. The various data architectures involved are block storage, file storage, and object storage that are deployed in on-premise solutions, remote solutions, and hybrid solution modes. The storage services are used by pharmaceutical companies, hospitals, and other end users. The healthcare data storage market research report is one of a series of new reports from The Business Research Company that provides construction films market statistics, including construction films industry global market size, regional shares, competitors with a construction films market share, detailed construction films market segments, market trends and opportunities, and any further data you may need to thrive in the construction films industry. This construction film market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global healthcare data storage market size grew from $4.88 billion in 2022 to $5.7 billion in 2023 at a compound annual growth rate (CAGR) of 16.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare data storage market size is expected to grow to $10.52 billion in 2027 at a CAGR of 16.6%. An increase in the volume of digital data storage in healthcare organisations is expected to drive the growth of the healthcare data storage market going forward. Advances in big data analytics tools and medical imaging, as well as the increasing availability of real-time data to aid clinical decision-making, have all contributed to this rapid increase in healthcare data volume. The collection and storage of healthcare data from a variety of sources encourage efficient communication between doctors and patients, improves overall patient care quality, and provides deeper insights into specific conditions. For instance, according to RBC Capital Markets, a Canada-based investment bank, in 2020, the healthcare industry generated about 30% of the world's total data volume. In addition, data for healthcare is expected to grow at a compound annual growth rate of 36% by 2025. Thus, the increasing volume of digital data storage in healthcare organisations will support the growth of the market. Strategic collaborations between healthcare and IT companies have emerged as a key trend gaining popularity in the healthcare data storage market. Major companies operating in the healthcare sector are focusing on collaborating with IT companies to strengthen the data storage operations of the healthcare sector. For instance, in August 2021, Baxter International Inc., a US-based healthcare company, announced a collaboration with Amazon Web Services to support new digital health and data management projects. Baxter will use Amazon Web Services’ cloud-based data storage and analytics tools to develop new digital health tools, gain more performance insights for internal and external purposes, and enhance its overall online experience. In addition, in August 2021, GE Healthcare, a US-based digital health provider, announced a strategic partnership with Amazon Web Services (AWS) to provide hospitals and healthcare providers with AI and integrated data, operational insights, and clinical, cloud-based imaging solutions. GE Healthcare intends to make its AI-based imaging applications and Edison Health Services platform available on AWS, positioning the company to lead the way in assisting healthcare providers around the world in transitioning from a centralised, hospital-based care delivery model to a more decentralised, virtual, and distributed model. In March 2021, Hitachi Ltd., a Japan-based social innovation business, acquired GlobalLogic Inc. for $9.6 billion. Through this acquisition, Hitachi Group will be better able to carry out its objective of promoting Social Innovation Business using digital technology to address difficulties that consumers and society confront. Furthermore, Hitachi Group will be able to expedite the digital transformation of social infrastructure worldwide by growing its core Lumada digital solutions business. Global Logic Inc. is a US-based company that offers AI/ML-based healthcare case management software solutions. Major players in the healthcare data storage market are Dell, IBM Corporation, NetApp, Hewlett Packard Enterprise Development LP, Pure Storage Inc., Hitachi Ltd., Western Digital Corporation, Huawei Technologies Co. Ltd., Toshiba Corporation, Scality, Fujitsu, Drobo, Cloudian, Samsung, and Tintri. North America was the largest region in the healthcare data storage market in 2022. The regions covered in the healthcare data storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare data storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The healthcare data storage market includes revenues earned by entities onsite data storage, public cloud data storage and hybrid cloud data storage solution. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global healthcare data storage market is segmented - 1) By Type: Magnetic Storage, Flash Storage, Solid- State Storage 2) By Architecture: Block Storage, File Storage, Object Storage 3) By Deployment: On-Premise Solutions, Remote Solutions, Hybrid Solutions 4) By End User: Pharmaceutical, Hospitals, Other End-Users

The healthcare software as a service refers to a service model in cloud computing where one or more vendors provide cloud-based remote software products to the healthcare industry. The SaaS application in healthcare can access multiple features to keep patient data secure. It allows healthcare firms to reduce unnecessary overhead costs. The main application of healthcare software as a service includes patient portal, telemedicine, mobile communication, eprescribing, HER systems, ERP systems, ERP & HR portal, and medical billing. The patient portal software or solutions provide secure access to medical records and services for the user by facilitating tasks such as scheduling appointments, requesting prescription refills, and making online bill payments. These software’s and solutions are deployed through public, private, and hybrid cloud models, and they are used by payers and providers in both large enterprises, and small-and medium enterprises. The healthcare software as a service market research report is one of a series of new reports from The Business Research Company that provides healthcare software as a service market statistics, including healthcare software as a service industry global market size, regional shares, competitors with a healthcare software as a service market share, detailed healthcare software as a service market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare software as a service industry. This healthcare software as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global healthcare software as a service market size grew from $18.33 billion in 2022 to $21.56 billion in 2023 at a compound annual growth rate (CAGR) of 17.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare software as a service market size is expected to grow to $42.13 billion in 2027 at a CAGR of 18.2%. The growing adoption of cloud computing is expected to propel the growth of the healthcare software as a service market. Healthcare organizations are adopting cloud computing as the current crisis has reinforced its benefits and put to rest fears related to privacy, security, and implementation. Healthcare organizations can achieve increased data security, assured system scalability, and enhanced flexibility to manage billings and streamline claims for significant cost savings with cloud computing. For instance, in February 2022, according to a survey conducted by a UK-based consulting firm, Ernst & Young Global Limited, and an Indian non-governmental trade association, The National Association of Software and Service Companies (NASSCOM), four in every five enterprises are set to increase their cloud budgets over the next 12 months. As per the survey, 67% of the large enterprises accelerated cloud adoption, 39% of medium-sized companies, and 38% of small companies embarked on their cloud journey. IT companies lead cloud adoption, followed by the healthcare sector and the BFSI sector. Therefore, growing adoption of cloud computing is driving the growth of healthcare software as a service market. Technological advancement is a key trend that is gaining popularity in the healthcare software as a service market. Major companies operating in the healthcare SaaS market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation SaaS technologies into their services, such as Artificial Intelligence (AI), Vertical SaaS, Pay-Per-Use Model, IoT, Integration in existing systems, and others. For instance, in March 2022, Snowflake Inc., a US-based cloud computing and data warehousing company, launched a cloud-based data-sharing platform to bring together core SaaS data analytics, warehousing, and business intelligence offerings with consulting services on demand for the healthcare industry. In April 2021, WELL Health Technologies Corp., a Canada-based healthcare company, acquired Intrahealth Systems Limited for an amount of $19.25 million. This acquisition will help WELL Health Technologies to boost digital health SaaS revenue and expand the EMR business to the global market. Intrahealth Systems Limited is a New Zealand-based company that provides software services for the healthcare industry. Major players in the healthcare software as a service market are Microsoft Corporation, Salesforce Inc., SAP SE, Oracle Corporation, Google LLC, International Business Machines Corporation, ServiceNow, Neusoft Corporation, Adobe Inc., Cisco Systems Inc., Dell Inc., Carestream Health, Cerner Corporation, Philips Healthcare, and 3M Health. North America was the largest region in the healthcare software as a service market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare software as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the healthcare software as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The healthcare software as a service market includes revenues earned by entities by providing software development services, SaaS development, software consulting services, UI/UX design services, blockchain consulting services and AI consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global healthcare software as a service market is segmented - 1) By Application: Patient Portal, Telemedicine, Mobile Communication, ePrescribing, EHR Systems, ERP & HR Portal, Medical Billing 2) By Deployment Model: Private, Hybrid, Public 3) By Organization Size: Large Enterprise, Small And Medium Enterprises 4) By End-User: Provider, Payer