Global Healthcare Data Storage Market Is Likely to Grow at A CAGR Value of Around 13.80% By 2028

The global healthcare data storage market size was worth around USD 3,291.70 million in 2021 and is estimated to grow to about USD 7149.46 million by 2028, with a compound annual growth rate (CAGR) of approximately 13.80 percent over the forecast period. The report analyzes the healthcare data storage market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the healthcare data storage market.

Healthcare data storage enables healthcare organizations to collect, store, and analyze the data, which can then be utilized to make choices and improve operational efficiency. However, cloud security and data worries are impeding industry expansion. Furthermore, the global acceptance of the web of things (IoT), the introduction of social media, and the rise in popularity of healthcare software devices are projected to present attractive prospects for the global healthcare digital storage market. Strategic alliances between medical and IT firms have emerged as a prominent trend in the healthcare data storage sector. Big medical companies are focusing on collaborating with IT companies to boost the healthcare sector's data storage operations.

The rising volume of online data produced by healthcare businesses, the quick & simple deployment of internet storage solutions, and the rising popularity of hybrid data storage strategies are the primary factors driving the global healthcare data storage market's growth. The challenging circumstances surrounding data security in enterprises have been made worse by the growing threat of cybercrime and data fraud; as a result, controlling such circumstances is assisting the market's growth. The growing load of healthcare data in hospitals, clinics, diagnostic centers, and healthcare manufacturing enterprises increases the necessity for a storage solution. Growing demands for technology to securely store clinical data for analyzing information in the healthcare environment and improving treatment quality.

The global healthcare data storage market is segregated based on type, storage, deployment, architecture, storage system, end users, and region. Based on deployment, the market is divided into remote, hybrid, and on-premises. Among these, the on-premises segment dominated the market in 2021. Based on type, the market is classified into flash & solid-state storage, magnetic storage, magnetic tapes, and magnetic disks. Over the forecast period, the magnetic disks healthcare data storage market is expected to develop at the fastest rate during the forecast period. Based on storage system, the market is segmented into storage area network, and direct-attached storage. The SAN segment holds the largest sari in the market in 2021. Based on end-use, the market is classified into hospitals and clinics, pharmaceutical & biotechnology companies, CROs, and CMOS, and others. The hospitals and clinics segment holds the largest share in the market in 2021.

The global healthcare data storage market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the global healthcare data storage market in 2021. The Americas is the largest regional market due to the accessibility of innovative healthcare data technology (IT) solutions; the adoption of innovative alternatives by hospitals and clinics to maintain patient data in this region is likely to drive the growth of the healthcare computer storage market. The growing volume of unstructured healthcare data and rapid technology improvements have increased the consumption in North America for safe, dependable, and cost-effective storage infrastructure.

Key players functioning in the global healthcare data storage market include Dell , IBM Corporation , NetApp , Hewlett Packard Enterprise , Pure Storage, Inc. , Hitachi, Ltd. , Toshiba Corporation , Western Digital Corporation , Scalisi , Huawei Technologies Co., Ltd. , Fujitsu , Samsung, Drobox , Tantric , and Cloudman .

Recent developments:

• August 2021, Baxter International Inc., a US-based healthcare company announced a collaboration with Amazon Web Services to support new digital health and data management projects. Baxter will use Amazon Web Services' cloud-based data storage.
• August 2021, GE Healthcare, a US-based digital health provider announced a strategic partnership with Amazon Web Services (AWS) to provide hospitals and healthcare providers with AI and integrated data, operational insights, clinical, cloud-based imaging solutions.

Browse the full “Healthcare Data Storage Market By Deployment (On-Premise, Cloud, Hybrid Data), By Architecture (Object Storage, File Storage, Block Storage), By Type (Flash & Solid-State Storage, Magnetic Storage, Magnetic tapes and Magnetic disks), By Storage system( Storage Area Network, Direct-Attached Storage), By End Users (Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, CROS, and CMOS, Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/healthcare-data-storage-market

Global Healthcare Data Storage market is segmented as follows:

By Deployment

• On-premises

• Remote
• Hybrid

By Architecture

• Object Storage
• File Storage
• Block Storage

By Type

• Magnetic Storage
• Magnetic Disks
• Magnetic Tapes
• Flash & Solid-state Storage

By Storage System

• Direct-attached Storage
• Network-attached Storage
• Storage Area Network

By End User

• Pharmaceutical & Biotechnology Companies, CROs, and CMOS
• Research Centers, Academic & Government Institutes, and Clinical Research Labs
• Hospitals, Clinics, and ASCs
• Diagnostic & Clinical Laboratories
• Other End Users

By Region

• 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

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