Global Healthcare Data Storage Is Driven By Rising Data Volumes

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The Global Healthcare Data Storage Market involves storage of various healthcare data including electronic health records, medical images, and personal health records among others. Healthcare data storage solutions help organizations securely store large volumes of patient data generated from Picture Archiving and Communication System (PACS), Radiology Information System (RIS), and other clinical applications. These solutions provide easy retrieval and sharing of patient data which helps clinicians and other medical staff in delivering improved care.

The Global Healthcare Data Storage Market Size is estimated to be valued at US$ 3.74 Bn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the Global Healthcare Data Storage are Dell Inc., NetApp, Hewlett Packard Enterprise (HPE), IBM, Pure Storage, Hitachi, Ltd., Western Digital, Scality, Quantum, Drobo, Tintri, Cloudian, Excelero, StorONE, DataCore Software, Pure Storage, Inc., and Infortrend Technology Inc. These players are focusing on developing innovative healthcare storage solutions ...
... to cater to the growing data storage requirements of healthcare organizations.

The volume of healthcare data is rising substantially due to the growth in telehealth, remote patient monitoring, and integration of AI/ML technologies. The increasing digitization of patient health records and other medical files is also driving the demand for efficient and scalable healthcare data storage solutions.

Major healthcare providers and pharma companies are expanding their operations globally. This is increasing the need to store and access patient healthcare information from multiple locations, thereby propelling the adoption of hybrid and cloud-based data storage models across international markets.

Market Drivers

The key driver fueling the Global Healthcare Data Storage Market is the rapid rise in data volumes. Implementation of digital technologies across healthcare facilities has resulted in exponential growth of unstructured data such as medical images, electronic health records, sensor data, and genomic sequences. Only in the US, healthcare data is projected to grow at a CAGR of 48% until 2025. This massive influx of healthcare data is necessitating advanced storage solutions with larger capacities, enhanced scalability and data protection capabilities.

Geographical Regions: North America dominates the global healthcare data storage market in terms of value currently. This is attributed to proliferation of EHR systems, presence of major market players and supportive regulations which emphasize need for integrated data storage infrastructure. Asia Pacific is projected as the fastest growing regional market during the forecast period. Factors such as expanding healthcare infrastructure, growing patient volumes, rapidly evolving technologies, and initiatives by governments of various countries are driving substantial investments in data storage solutions across APAC healthcare sector.

Regions with High Market Concentration: The United States accounts for the highest healthcare data storage market share globally. This is driven by increasing digitization initiatives, adoption of value-based care models and favorable reimbursement policies in the country. Other major revenue generators include countries like UK, Germany, France, Canada and Japan. China and India are also emerging as lucrative markets and expected to grow at a CAGR of over 20% through 2031 supported by their rapidly developing healthcare systems.

What Are The Key Data Covered In This Global Healthcare Data Storage Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Global Healthcare Data Storage's growth between 2024 and 2031.

:- Accurate calculation of the size of the Global Healthcare Data Storage and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Global Healthcare Data Storage Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Global Healthcare Data Storage vendors

FAQ’s

Q.1 What are the main factors influencing the Global Healthcare Data Storage?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Global Healthcare Data Storage companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Global Healthcare Data Storage’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

Get more insights on this topic: https://dailygram.com/blog/1300887/global-healthcare-data-storage-market-will-grow-at-highest-pace-owing-to-ex/

Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)