According to a market report, published by Sheer Analytics and Insights, The global software as a service in healthcare market was valued at $16.1 billion in 2021 and it is expected to reach $98.1 billion at a CAGR of 17.3% between 2022 and 2032. The largest service category in the cloud computing market is a software as a service. SaaS is being quickly adopted by healthcare payers and providers in a variety of fields, including electronic health records, clinical information systems, remote patient monitoring systems, storage, archiving, PACS, population health management, revenue cycle management, analytics, patient-facing websites, supply chain management, disaster recovery, and precision medicine. In addition, based on application, the market for healthcare software as a service may be divided into patient portals, mobile communication, telemedicine, ePrescribing, ERP, HR portal, medical billing, and EHR systems. Based on deployment, the market can be divided into hybrid, private, and public categories. Payers and suppliers are two examples of end consumers. These factors are driving software as a service in the healthcare market across the globe.
Patient portals, telemedicine, mobile communication, e-prescribing, HER systems, ERP systems, ERP & HR portal, and medical billing are some of the key applications of healthcare software as a service. By making chores like appointment scheduling, medication refill requests, and online bill payments easier for the user, patient portal software or solutions give secure access to medical records and services. The geriatric population and the rising prevalence of chronic diseases like dementia, orthopedic conditions, and Alzheimer's are the main factors driving the market's expansion. These factors are expected to have a significant impact on consumer demand for home healthcare software shortly.
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The government's and the general public are efforts to halt the spread of diseases, which lead to self-quarantine and self-isolation behaviors, have a significant beneficial impact on the demand for home healthcare software. In circumstances like this, doctors may keep an eye on their patient's health from clinics or hospitals and can offer effective therapies. This should therefore accelerate market expansion. Moreover, rising demand from the health care centers for installing the software to access simple workflow management, increased revenue cycle management, managing hospital information, managing the patient's health records, telemedicine, stores, forward telemedicine, and prescription can be managed over the SaaS. This is due to an increase in the number of healthcare centers, clinics, and many others offering software as a service across various regions.
Furthermore, during the projection period, an improved workflow, high productivity, and improved patient care would contribute to a bigger uptick in the Healthcare SaaS market. The market participants who work on creating and updating software system technologies improve the market. Hence, these primary factors are expected to create more growth opportunities over the forecast period from 2022 to 2032.
On the other hand, Threats must also be considered by the businesses and players in a particular industry, along with the possibilities required for growth. TMR Research investigates each drawback that will impede the development of a particular industry or business and includes it in the report. Stakeholders and CXOs will benefit from being able to assess the hazard and take the required precautions to avoid the difficulties brought on by threats.
Some new developments in the global software as a service in healthcare market:
- On 2nd November, 2022, Insurance coverage and sales of the service to medical facilities all around Japan are provided for the digital therapeutic app for hypertension. The effects of hypertension are felt outside of Japan, and efforts to change patients' lifestyle patterns are a prevalent subject around the world. As a result, CureApp intends to actively increase CureApp HT's global reach, starting in the United States.
- On 2nd November, 2022, the brand and engagement strategy team at Allison+Partners has teamed up with the international insight firm Northstar to introduce a branding solution called V.I.T.A.L. This framework is based on behavioral science, design thinking, and Agile, a project management approach that has its roots in the software development industry. After two years of testing, the agency is finally putting V.I.T.A.L. on the market.
- On 2nd November, 2022, Ambit Group, a government service provider for data analytics, cyber security, and mission support, has been bought by DMI, a Maryland-based provider of digital transformation services. According to the company, the cash will be used for corporate scaling and go-to-market initiatives.
According to the study, key players dominating the global software as a service in healthcare market are Agfa Healthcare (India), AlayaCare (Canada), Adobe (U.S), Alphabet (U.S), Allscripts (U.S), Cognizant (U.S), CISCO (U.S), Epic Systems Corporation (U.S), General Electronic (U.S), Jag Products (Australia), Media Information Technology (China), Microsoft (U.S), Mckesson Corporation (U.S), Meditech (U.S), NextGen Healthcare (U.S), Oracle Corporation (U.S), SAP (Germany), ServiceNow (U.S), SalesForce (U.S), UnitedHealth Group (U.S), WorkDay Inc (U.S), among others.
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The Global Software as a Service in Healthcare Market Has Been Segmented Into:
The Global Software as a Service in Healthcare Market – by Application Type:
- Patient Portal
- Telemedicine
- Mobile Communication
- Medical Billing
- EHR Systems
- ERP and HR Portal
- Others
The Global Software as a Service in Healthcare Market – by Deployment Type:
- Public
- Private
- Hybrid
- Others
The Global Software as a Service in Healthcare Market – by Regions:
The Global Diabetes Protein Drink Market – by Regions:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Australia
- Rest of Asia Pacific
- LAMEA
- Middle East
- Saudi Arabia
- UAE
- Others
- Latin America
- Brazil
- Chile
- Others
- Africa
- South Africa
- Egypt
- Others
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