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Healthcare Cloud Computing Market - Key Growth Dynamics

Healthcare Cloud Computing Industry - All You Need to Know About Future Tech Innovations
Drivers: Growing adoption of EHR, e-prescribing, telehealth, mHealth, and other healthcare IT solutions due to COVID-19

Globally, the prevalence of chronic diseases, such as cancer, CVD, and diabetes, has increased significantly over the last few decades. According to the WHO (2016), CVD is the leading cause of death globally, accounting for 17.3 million deaths per year. This figure is expected to grow to more than 23.6 million by 2030. Of these deaths, an estimated 7.4 million are due to coronary heart disease, and 6.7 million are due to stroke. Similarly, according to GLOBOCAN, the number of new cancer cases diagnosed per year is expected to increase to 19.3 million by 2025 from 14.1 million in 2012.

The rising geriatric population across the globe is one of the major factors responsible for the growth in the prevalence of these chronic diseases. According to the WHO estimates, between 2015 and 2050, the global geriatric population (aged above 60 years) is expected to nearly double from 12% to 22% of the total global population; this population is estimated to reach ~2 billion by 2050. According to the National Council on Aging, ~92% of older adults have at least one chronic disease, while 77% have at least two chronic diseases.

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Healthcare Cloud Computing Market - Key Growth Dynamics
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Healthcare Cloud Computing Market - Key Growth Dynamics

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