Healthcare Data Storage Market is Growing Dynamically at a Promising CAGR of 13.9% During Forecast 2019-2025
Market Highlights
According to MRFR analysis, the global Healthcare Data Storage Market is expected to register a CAGR of
13.9% during the forecast period of 2019 to 2025 and is
likely to be valued at USD 48.2 billion in 2025.
The growth of the global healthcare
data storage market is determined by numerous factors such as an increasing patient
database due to the increasing number of surgeries, increasing clinical trials,
and research activities to develop innovative products. Also, the decreasing
paper use to maintain patient information increases the demand for healthcare
data storage solutions. However, the key factors such as data infringement, cyber-attacks
and high cost of healthcare data storage solution hamper the market
growth.
Key
Players
·
DataCore Software
·
Dell Inc
·
IBM Corporation
·
NetApp
·
Hewlett Packard Enterprise
·
Pure Storage
·
Hitachi
·
Western Digital
·
Nuance Communications
·
Carestream Corporation
Segmentation
·
The global
healthcare data storage market has been segmented based on solution,
application, architecture, type, storage system, and end user.
·
The
market, based on solution, has been divided into on-premise, cloud, and hybrid
data storage.
·
The global healthcare
data storage market on the basis of application has been segregated into the clinical
analysis, financial analysis, and operational analysis.
·
On the basis of architecture
is segmented into file storage, object storage, and block storage.
·
Based on type, the
market is segmented into flash & solid-state storage and magnetic storage.
The magnetic storage is further sub-segmented into magnetic disks and magnetic
tapes.
·
On the basis of
storage system, the market is segmented into storage area network and
network-attached storage direct-attached storage.
·
The end user segment of the market consists
of hospitals and clinics, pharmaceutical & biotechnology companies, clinical/contract
research organizations (CROs), and contract manufacturing organizations (CMOs),
and others.
Regional Analysis
The market
has been divided, by region, into the Americas, Europe, Asia-Pacific, and the
Middle East & Africa.
Americas
has been segmented into North America and Latin America, with the North
American market being divided into the US and Canada. The Americas is projected
to hold the largest market share owing to the increasing burden of clinical
data, which is challenging to handle drives the market growth during the
forecasted period.
The
European healthcare data storage market has been categorized as Western Europe
and Eastern Europe. The Western European market has further been classified as Italy,
Germany, Spain, France, the UK, and the rest of Western Europe. The healthcare
data storage market in Asia-Pacific has been segmented into Japan, India, China,
Australia, South Korea, and the rest of Asia-Pacific. Due to the rising geriatric population and the
presence of a large patient pool, the market in Asia-Pacific is expected to be
the fastest-growing. The healthcare data storage market in the Middle East
& Africa has been divided into the Middle East and Africa.
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