Healthcare Data Storage Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Report Code: ZMR-5410 | Report Format : | Status : Upcoming |

Abstract

Global Healthcare Data Storage Market: Overview

Healthcare data storage has become one of the major challenges for hospitals and clinical labs associated with the hospitals. Healthcare data is vital for ensuring that the patient is receiving accurate medical care. However, rapidly increasing patient numbers as well as the growing number of clinical trials for new drug discovery is generating a huge amount of digital data. This huge digital data generated during the healthcare operations is putting more burdens on healthcare facilities. Hospitals and research labs are now looking for options where such data can be stored efficiently and can be accessed at any time when needed.

Global Healthcare Data Storage Market: Growth Factors

Increasing volume of digital data generated during healthcare operations and easy distribution of cloud storage solutions is anticipated to fuel the global healthcare data storage market growth. The rise in patient visits and increasing numbers of clinical trials are generating huge clinical data and maintaining such huge digital data is challenging and adds up the cost. Hence, many healthcare organizations are now looking for options for effective and easily accessible options which are expected to fuel the market growth. Furthermore, rapidly growing research activities in the pharma and biotech sector are also spurring the growth of the market. On the other hand, concerns regarding data security may hinder the growth of the global healthcare data storage market. However, the growing need for data analytics & the emergence of AI is expected to provide growth opportunities to the global healthcare data storage market during the forecast period.

COVID-19 pandemic situation is positively affecting the global healthcare data storage market growth. Strict restriction on personal movement has reduced the visits to hospitals and clinics which in turn has increased the demand for telehealth and telemedicine services. However, cloud-based data storage is providing better options to many healthcare professionals to remotely access patient’s data. With the digital data storage options, doctors can easily access the COVID-19 infected patient’s data which is helping them with effective treatment options. Additionally, the number of patients has increased significantly in this pandemic situation which is driving the demand for digital data storage.

Global Healthcare Data Storage Market: Segmentation

The global healthcare data storage market is bifurcated based on type, delivery, systems, end-user, and region. Based on type, the market is bifurcated into tape, flash, and solid. Among these, the flash segment is expected to register the highest CAGR over the forecast period. Based on delivery, the market is segmented by remote, hybrid, and on-premise. Owing to the rising demand for remote delivery, the remote segment is expected to fuel the growth of the market in this segment over the forecast period. Based on systems, the market is split into direct & network. The end-user segment is divided into research center, CRO, biotech, clinic, and hospital. Among these, the hospital segment is anticipated to registers a higher growth rate over the forecast period. Rapidly increasing patient’s clinical data and treatment numbers are the factors fueling the growth of this segment.

Global Healthcare Data Storage Market: Regional Analysis

The global healthcare data storage market in the Asia Pacific is anticipated to grow with the highest CAGR over the forecast period. Factors such as developing healthcare infrastructure, the presence of a large number of pharmaceutical players, and government initiatives to implement advanced technologies into the healthcare sector are contributing to the growth of the healthcare data storage market in the Asia Pacific region. North America is anticipated to hold a major share in the global healthcare data storage market. Factors such as well-established healthcare infrastructure and growing implementation of AI in healthcare systems are contributing to the growth of the market. Europe is anticipated to grow at a healthy rate over the forecast period; amid COVID-19 many countries in Europe such as France, Italy, Germany, and the United Kingdom are now mainly focusing on digital clinical data storage options.

Global Healthcare Data Storage Market: Competitive Players

Major players operating in the global healthcare data storage market are IBM Corporation, Hitachi, Ltd., NetApp, Hewlett Packard Enterprise, Dell, Pure Storage, Inc., Toshiba Corporation, Western Digital Corporation, Huawei Technologies Co., Ltd., and Fujitsu, among the others.

Global Healthcare Data Storage Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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