The Healthcare Data Storage Market Size was valued at USD 4.12 billion in 2022, and is expected to reach USD 12.17 billion by 2030, and grow at a CAGR of 14.5% over the forecast period 2023-2030.
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.
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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 Electronic Medical Records & Electronic Health Records (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
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.
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
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
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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
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. and Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 4.12 Billion |
| Market Size by 2030 | US$ 12.17 Billion |
| CAGR | CAGR of 14.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
Ans: The Healthcare Data Storage Market size is estimated to reach US$ 12.17 billion by 2030.
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.
Ans: The Healthcare Data Storage Market is to grow at a CAGR of 14.5% over the forecast period 2023-2030.
Table of Contents
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- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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