Healthcare Software as a Service Market Size

Healthcare Software as a Service Market Size

Healthcare Software as a Service Market size was valued at over USD 30 billion in 2021. Driven by the growing application of telemedicine, advanced patient portals solutions, and e-prescribing, the industry is poised to grow at over 18.5% CAGR from 2022 to 2030.

Telemedicine and e-prescription services are witnessing a surge in popularity owing to the growing preference of healthcare units to streamline the diagnosis and treatment of illnesses over distances. The practice especially gained prominence during the COVID-19 pandemic and has remained noteworthy in its wake.

Also, increasing global smartphone and internet penetration has facilitated further development of telehealth, which the market players are leveraging to amplify the reach of healthcare institutions. The convenience offered by telemedicine to immobile and critically ill patients is largely shaping industry outlook.