Healthcare Data Storage Market is valued approximately USD 2.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 14.2% over the forecast period 2019-2026.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Healthcare organizations are increasingly involved to make their IT infrastructures more flexible and accessible to meet the growing data demand. These organizations have to manage several kinds of data, from electronic health records (EHRs) to unstructured patient data, some of them to be retrieved frequently and quickly.
Thus, healthcare organization are implementing data storage systems and solutions to store more intensive bandwidth data, such as images, on an on-premise server. Also, it has the ability for data to be recovered in a timely manner to reduce downtime for clinicians and patients. Furthermore, increasing volume of digital data in healthcare organizations, along with rise in adoption of hybrid data storage solutions are the few factors responsible for high CAGR of the market over the forecast period.
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According to the International Data Corporation, in 2013, there were about 153 exabytes of data is generated in healthcare industry in 2013, and it is expected to reach to around 2,314 exabytes by 2020. This, in turn, is anticipated to accelerate the demand of healthcare data storage around the world. However, rising security concerns associated to cloud-based image processing and analytics and lack of structured data are the few factors expected to impede the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Healthcare Data Storage market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing volume of unstructured healthcare data across and rapid technological advancements in storage infrastructure by market players in the region. Whereas, Rest of the World is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Hewlett Packard Enterprise
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Flash & Solid-State Storage
By Storage System:
Storage Area Network
Pharmaceutical & Biotechnology Companies
Hospitals & Clinics
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Healthcare Data Storage Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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