Global Pharmacloud Market By Application (Monitoring, Storage, Database Management & Implementation, Analysis, Sorting & Segregation, Others), Deployment Type (On-Premise, Cloud), End-Users (Hospitals & Clinics, Contracted Pharmacies), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Analysis: Global Pharmacloud Market
Global Pharmacloud Market is expected to grow with a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the prevalence in adoption of cloud computing and artificial intelligence in healthcare and pharmaceutical industry.
Market Definition: Global Pharmacloud Market
Pharmacloud system is a cloud computing system where the users of the systems can completely integrate the development of drug process till the sale of pharmaceuticals and drugs as specified on an individual’s medical records and previous intakes of medicines. It implements personalized provision of medicines and medical records for patients that have been contracted under the various organizations that have employed this system.
- Cost efficiency and effectiveness in obtaining specific health records of individuals and patients
- Decrease in resources utilized for the discovery and development of specific drugs resulting in highly effective and efficient business operations due to the implementation of the product; this factor is expected to act as a driver for the market growth
- Concerns over theft of data and security over sensitive healthcare and personal information of individuals; these factors are expected to act as a restraint to the market growth
Segmentation: Global Pharmacloud Market
- By Application
- Database Management & Implementation
- Sorting & Segregation
- By Deployment Type
- By End-Users
- Hospitals & Clinics
- Contracted Pharmacies
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In July 2018, Hitachi Vantara Corporation announced that they had agreed to acquire REAN CLOUD LLC. This acquisition will help enhance the capabilities of Hitachi in providing and developing specified solutions to various industrial verticals and environments.
- In June 2018, GlaxoSmithKline plc announced that they had collaborated with Cloud Pharmaceuticals, Inc. for the implementation of artificial technology (AI) in improving the chances and effectiveness of drug-discovery efforts.
Competitive Analysis: Global Pharmacloud Market
Global pharmacloud market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmacloud market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Pharmacloud Market
Few of the major competitors currently working in the pharmacloud market are Soham ERP Solutions Pvt. Ltd.; 8K Miles Software Services Limited; Prescriber360; Amazon Web Services, Inc.; Iperion; Cloud Pharmaceuticals, Inc.; Okta, Inc.; Hitachi Vantara Corporation; XtalPi Inc.; Oracle; Cisco; SAP SE; Carestream Health and Microsoft.
Research Methodology: Global Pharmacloud Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report:
- Current and future of global pharmacloud market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)