Medical Network Solution Market Analysis

Deployment Type (Cloud, On-Premises)

The cloud segment is anticipated to account for 65% share of the global medical network solution market during the forecast period. The growth of the segment is due to the high number of cloud software and services available in the market and healthcare providers' increasing use of these technologies. In addition, market growth is expected to be driven by increased company involvement in the development of software and solutions that are increasingly sophisticated. Furthermore, cloud computing offers cost-efficient solutions for the administration and storage of healthcare data to smaller hospitals by giving them strong computing capacity, effective storage, or advanced analytics about healthcare data. It is estimated that the benefits of cloud computing software are enabling healthcare institutions to adopt it, which in turn will support segment growth. In 2022, 66% of healthcare professionals plan to migrate their technology infrastructure to the cloud, and this number will grow to 96 % by 2024 according to a report published in June 2022.

Component (Services, Internal, Outsourcing Services, Software)

Medical network solution market from the services segment is expected to hold the largest share of about 48% during the forecast period.  The reduction in the cost of health system services, improved claims auto judication rates, efficiency, and provider relationship are reasons why this segment holds a significant share.

Our in-depth analysis of the global market includes the following segments: