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Healthcare Data Storage Market

Healthcare Data Storage Market Size, Share & Segment by Deployment (Remote, On-premise, Hybrid), By Architecture (Object Storage, Block Storage, File Storage), By Type (Magnetic Storage, Flash & Solid-state Storage, Magnetic Disks, Magnetic Tapes), By Storage System (Direct-attached Storage, Storage Area Network, Network-attached Storage), By End User (Pharmaceutical & Biotechnology Companies, CROs, and CMOS, Hospitals, Clinics, and ASCs, Research Centers, Academic & Government Institutes, and Clinical Research Lab, Diagnostic & Clinical Laboratories), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/2030 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Healthcare Data Storage Market Size was valued at USD 3.6 billion in 2021, and is expected to reach USD 9.4 billion by 2028, and grow at a CAGR of 14.5% over the forecast period 2022-2028.

Due to the recent adoption of data storage systems, the healthcare data storage industry is anticipated to experience remarkable growth in the coming years. Healthcare organisations may gather, manage, and analyses data with the help of healthcare data storage solutions, which can then be utilised to make choices and improve operations. Numerous studies have shown that the amount of healthcare data will grow rapidly in the future and that handling this volume of data would be particularly challenging for the healthcare sector. Healthcare data storage solutions are anticipated to become more popular as a result, which would help the market grow over the projected period.

Healthcare Data Storage Market

MARKET DYNAMICS

DRIVERS

  • The volume of digital data in healthcare organisations has greatly increased.

  • Deploying Cloud Storage Solutions More Rapidly and Easily

  • The Use of Hybrid Data Storage Solutions is Growing

RESTRAINTS

  • Growing healthcare fraud, data security issues, and cyberattacks are impeding the market's expansion.

  • Healthcare data storage market growth is constrained by the high cost of deploying EMR & EHR systems and the subsequent requirement for training.

OPPORTUNITIES

  • Data analytics and AI are becoming more important.

CHALLENGES

  • Cloud-Based Image Processing and Analytics: Growing Security Issues

  • Insufficient Structured Data

IMPACT OF COVID-19

Global demand for healthcare data storage has been positively impacted by the emergence of a new coronavirus (COVID-19). As the usage of new technologies like cloud storage has grown throughout the pandemic, the number of hospitals has expanded. Additionally, the rise of e-hospitals and smart hospitals has accelerated market growth. Furthermore, telemedicine is becoming more commonplace and providing healthcare through various digital channels, producing a variety of data in the form of electronic prescriptions.

By Deployment

Solutions for on-premise, remote, and hybrid environments make up the market segments. The on-premise sector is anticipated to hold the biggest market share. The most extensively used storage options on the market are on-premise ones. The danger of a data breach and outside attacks can be reduced by using this deployment methodology, which can include a multi-vendor architecture. Additionally, users are in charge of deployment, backup, and data recovery processes and own their on-premise storage. The on-premise solutions industry is expanding due to these benefits.

By Architecture

The healthcare data storage market is being led by the object storage architecture segment because object storage makes it possible to compare and store unformed data. For the big data requirements of businesses in the finance, healthcare, etc. sectors, object storage is ideally suited. The majority of businesses require easy-to-use, centralized, and the best available methods for storing the data. File storage is an outdated method for doing so. Small firms require more for file storage as it is affordable compared to other data storing techniques. When reliable and speedy data transit is required, block storage, which stores data in discrete chunks, is a highly preferred option.

By Type

Magnetic storage and flash & solid-state storage are two market segments. The market's greatest share was held by the category for flash and solid-state storage, which is also anticipated to grow at the fastest rate throughout the projected period. Flash and solid-state drives have seen a rise in end user usage as a result of their higher storage capacities than magnetic discs and lower costs.

By Storage System

Market share for healthcare data storage is held by storage area networks. Fiber optic connections link a network of discs to numerous servers. Network-attached storage consists of a single server that distributes storage over the network.

By End User

Areas of medicine, biotechnology, research, education and government; hospitals, clinics, and ASCs; diagnostic and clinical laboratories; and other end users form components of the medical market. In 2018, the pharmaceutical and biotechnology industry, along with CROs and CMOs, held the largest market share. This may be due to the fact that the pharmaceutical and biotechnology industries are conducting extensive research into the discovery of medicines, which generate large amounts of data.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Cloudian, Scality, Dell Technologies, Samsung Electronics Co., Ltd, Fujitsu Limited, IBM Corporation, Hitachi, Ltd., NetApp, Hewlett Packard Enterprise (HPE), Pure Storage, Huawei Technologies Co., Ltd.

MARKET SEGMENTATION

By Deployment

  • Remote

  • On-premise

  • Hybrid

By Architecture

  • Object Storage

  • Block Storage

  • File Storage

By Type

  • Magnetic Storage

  • Flash & Solid-state Storage

  • Magnetic Disks

  • Magnetic Tapes

By Storage System

  • Direct-attached Storage

  • Storage Area Network

  • Network-attached Storage

By End User

  • Pharmaceutical & Biotechnology Companies, CROs, and CMOS

  • Hospitals, Clinics, and ASCs

  • Research Centers, Academic & Government Institutes, and Clinical Research Lab

  • Diagnostic & Clinical Laboratories

Healthcare Data Storage Market

REGIONAL ANALYSIS

Due to its excellent healthcare infrastructure and early adoption of healthcare data storage technologies, North America is predicted to experience the largest growth. Due to population expansion and government investments in healthcare facilities, Asia-Pacific is also predicted to experience significant growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Healthcare Data Storage Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 3.6 Billion
Market Size by 2028 US$ 9.4 Billion
CAGR CAGR of 14.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Deployment (Remote, On-premise, Hybrid)
• By Architecture (Object Storage, Block Storage, File Storage)
• By Type (Magnetic Storage, Flash & Solid-state Storage, Magnetic Disks, Magnetic Tapes)
• By Storage System (Direct-attached Storage, Storage Area Network, Network-attached Storage)
• By End User (Pharmaceutical & Biotechnology Companies, CROs, and CMOS, Hospitals, Clinics, and ASCs, Research Centers, Academic & Government Institutes, and Clinical Research Lab, Diagnostic & Clinical Laboratories)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Cloudian, Scality, Dell Technologies, Samsung Electronics Co., Ltd, Fujitsu Limited, IBM Corporation, Hitachi, Ltd., NetApp, Hewlett Packard Enterprise (HPE), Pure Storage, Huawei Technologies Co., Ltd.
DRIVERS • The volume of digital data in healthcare organisations has greatly increased.
• Deploying Cloud Storage Solutions More Rapidly and Easily
• The Use of Hybrid Data Storage Solutions is Growing
RESTRAINTS • Growing healthcare fraud, data security issues, and cyberattacks are impeding the market's expansion.
• Healthcare data storage market growth is constrained by the high cost of deploying EMR & EHR systems and the subsequent requirement for training.


Frequently Asked Questions (FAQ) :

Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.

The challenge faced by the Healthcare Data Storage market is Insufficient Structured Data.

The by Architecture is divided into three sub segments is Object Storage, Block Storage, and File Storage.

The on-premise sector is anticipated to hold the biggest market share.

Healthcare Data Storage Market is expected to reach USD 9.4 billion by 2028.


Table of Content

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Healthcare Data Storage Market Segmentation, By Deployment

8.1 Remote

8.2 On-premise

8.3 Hybrid

 

9. Healthcare Data Storage Market Segmentation, By Architecture

9.1 Object Storage

9.2 Block Storage

9.3 File Storage

 

10. Healthcare Data Storage Market Segmentation, By Type

10.1 Magnetic Storage

10.2 Flash & Solid-state Storage

10.3 Magnetic Disks

10.4 Magnetic Tapes

 

11. Healthcare Data Storage Market Segmentation, By Storage System

11.1 Direct-attached Storage

11.2 Storage Area Network

11.3 Network-attached Storage

 

12. Healthcare Data Storage Market Segmentation, By End User

12.1 Pharmaceutical & Biotechnology Companies, CROs, and CMOS

12.2 Hospitals, Clinics, and ASCs

12.3 Research Centers, Academic & Government Institutes, and Clinical Research Lab

12.4 Diagnostic & Clinical Laboratories

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

 

14.Company Profiles

14.1 Cloudian

            14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Dell Technologies

14.3 Samsung Electronics Co., Ltd

14.4 Fujitsu Limited

14.5 IBM Corporation

14.6 Hitachi, Ltd.

14.7 NetApp

14.8 Hewlett Packard Enterprise (HPE)

14.9 Pure Storage

14.10 Huawei Technologies Co., Ltd.

 

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

 

16.Conclusion

 

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Secondary Research

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