Healthcare SaaS Market Gain Momentum with Major Giants Cerner, Epic Systems, Allscripts Healthcare Solutions

Global Healthcare SaaS market to witness growth at a CAGR of 18.5% during the forecast period of 2024-2030

PUNE, MAHARASHTRA, INDIA, September 9, 2024 /EINPresswire.com/ -- According to HTF MI, "Global Healthcare SaaS Market¹: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Healthcare SaaS Market is anticipated to grow at a compound annual growth rate (CAGR) of 18.5% from 2024 to 2030, reaching USD 19.5 Billion in 2024 and USD 51.7 Billion by 2030.

Healthcare SaaS refers to cloud-based software solutions specifically designed for the healthcare industry. These solutions help healthcare providers, payers, and patients manage, store, and analyze data, improve workflow efficiency, and enhance patient care. SaaS applications in healthcare can range from electronic health records (EHR) systems, telemedicine platforms, and patient management systems to billing and coding software.

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Key and developing players who have been highlighted as part of the coverage include Cerner Corporation (United States), Epic Systems Corporation (United States), Allscripts Healthcare Solutions (United States), McKesson Corporation (United States), Athenahealth (United States), GE Healthcare (United States), Philips Healthcare (Netherlands), Siemens Healthineers (Germany), IBM Watson Health (United States), Oracle Health Sciences (United States)..


Healthcare SaaS

Market Drivers
• Demand for Cost-Effective Solutions: SaaS solutions reduce the need for expensive IT infrastructure and maintenance, making them attractive to healthcare organizations.

Market Trend
• Increased Adoption of Telemedicine: The COVID-19 pandemic accelerated the adoption of telemedicine, driving demand for cloud-based platforms that facilitate virtual consultations and remote patient monitoring.

Market Opportunities
• Telehealth adoption, AI advancements, and the rise of wearable devices

Market Restraints
• Data Privacy Concerns: Ensuring the security and privacy of patient data is a major challenge, particularly with the increasing number of cyber-attacks.

Market Challenges
• Data security breaches, regulatory compliance, cost-effectiveness, and ROI

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Key Market Segmentation:
The report has categorized the Healthcare SaaS market based on type, distribution channel, and region.


Market Breakdown by Applications:
• Electronic Health Records (EHR), Practice Management Systems (PMS), Revenue Cycle Management (RCM), Telehealth Solutions, Others
Market Breakdown by Types:
• Hospitals and Clinics, Diagnostic Centers, Pharmacies, Ambulatory Care Centers, Others

Report Scope
The Market size value in 2024 (USD 19.5 Billion) Revenue Forecast by 2033 (USD 51.7 Billion)
Growth Rate CAGR Of (18.5%) Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)

Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)

Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.

Competitive Landscape:
Along with studying the profiles of the key players, the industry's competitive environment has also been examined. Players profiled are Cerner Corporation (United States), Epic Systems Corporation (United States), Allscripts Healthcare Solutions (United States), McKesson Corporation (United States), Athenahealth (United States), GE Healthcare (United States), Philips Healthcare (Netherlands), Siemens Healthineers (Germany), IBM Watson Health (United States), Oracle Health Sciences (United States).


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Key highlights of the report:
• Healthcare SaaS Market Performance (2019-2023)
• Healthcare SaaS Market Outlook (2024-2030)
• Healthcare SaaS Market Trends
• Healthcare SaaS Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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