Cloud computing provides a myriad of benefits to the medical devices space, including a cost-reduced approach towards patient-doctor communications, increasing reach between healthcare professionals and patients, and scope for medical research, to name a few. As the cloud is developing, cloud providers are becoming aware of security concerns surrounding the cloud and are making efforts to bolster cloud security.
The most important security feature is ensuring there is effective data encryption and there are no successful cyberattacks. Cloud solutions can rapidly deliver information across disparate, far-flung systems.
Leading medical device companies in cloud computing
Medical device companies that have been keen to use cloud computing include Philips, Medtronic, Johnson & Johnson, Cardinal Health, Abbott Laboratories, Siemens, Stryker, GE Healthcare, Baxter, 3M, Boston Scientific, and Becton, Dickinson and Company.
Leading cloud professional services providers including Integron, Accenture, Cognizant, and Infosys help connect medical devices to cloud computing and cybersecurity companies.
Leading medical device-specific cloud adopters include Edwards Lifesciences, 3M, and Johnson & Johnson.
Discover the leading cloud computing companies for the medical devices industry
Using its experience in the sector, Medical Device Network has listed some of the leading companies providing products and services related to cloud computing for the medical devices industry.
The information provided in the download document is drafted for medical device executives and technology leaders involved in medical device cloud computing solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Among the leading cloud computing suppliers are Allscripts, Athenahealth, Cerner, Euris, Flex, MakTRAX, Medable, Orthogonal, Philips, PowerShare, and Thermo FisherCloud.
Future of cloud computing in medical devices
The SaaS segment of cloud services in medical devices is expected to generate $2.2bn in 2024, up from $1.9bn in 2019, having grown at a compound annual growth rate (CAGR) of 13.1%. PaaS segment is projected to grow to $702m in 2024 from $308m in 2019, a CAGR of 17.9% over that period.
Private cloud services make up the largest segment of cloud infrastructure in healthcare, with revenues of $557m in 2019. This segment is expected to grow to $785m by 2024, at a CAGR of 7.1%. Hybrid cloud services in healthcare are projected to grow at a CAGR of 4.7% between 2019 and 2024 by the end of the period. Cloud management platforms in medical devices and cloud infrastructure are expected to grow at a CAGR of 7.3% between 2019 and 2024 to reach $131m by 2024.