Healthcare Data Storage Market, By Type (Magnetic Storage and Flash & Solid-state Storage), By Deployment (On-premise, Remote, and Hybrid), By Architecture (Object Storage, File Storage, and Block Storage), By End-users (Pharmaceutical & Biotechnology Companies, Research Centers, and Hospitals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Data storage management is becoming more important to healthcare organizations as they work to ensure their growing data is stored securely and efficiently, and is quickly accessible. These businesses must manage a variety of data types, ranging from electronic health records to unstructured patient data, with many of them needing to be retrieved frequently and promptly. As a result, healthcare organisations are deploying data storage systems and solutions on-premise servers to store heavier bandwidth data, such as photographs. It also has the ability to recover data in a timely way, reducing downtime for clinicians and patients. The industry is expected to heat up as demand for cloud-based information systems grows. Furthermore, one of the important reasons driving market demand is technologically sophisticated healthcare infrastructure, particularly in developed nations' hospitals. Integration of knowledge and having real-time access became a necessity of the hour as the population and volume of patient data grew. Global Healthcare Data Storage Market accounted for US$ 3.08 billion in 2020 and is estimated to be US$ 11.81 billion by 2030 and is anticipated to register a CAGR of 14.4%.

On-premise solutions are in high demand among companies

Some of the primary end customers of healthcare data storage services include research centres, pharmaceutical and biotechnology firms, CROs, CMOs, university and government institutes, clinical research labs, clinics, ASCs, hospitals, and diagnostic & clinical laboratories. Pharmaceutical companies are always conducting research and development in order to develop new treatments for a variety of medical ailments. As a result, pharmaceutical corporations are well-known for producing massive amounts of data throughout these studies. Players in the global healthcare data storage market are expected to benefit from significant sales potential in the pharmaceutical industry in the coming years as a result of this factor. On-premise solutions are in high demand among companies in the healthcare data storage sector. The ability of this deployment approach to use multi-vendor architecture and lower risks linked to external assaults and data breaches are some of the primary drivers driving this surge in product acceptance.

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

Global Healthcare Data Storage market is segmented into type, deployment, architecture, end-users and region.

Based on Type, the Global Healthcare Data Storage Market is segmented into Magnetic Storage and Flash & Solid-state Storage. Based on Deployment, the Global Healthcare Data Storage Market is segmented into On-premise, Remote, and Hybrid. Based on Architecture, the Global Healthcare Data Storage Market is segmented into Object Storage, File Storage, and Block Storage. Based on End-users, the Global Healthcare Data Storage Market is segmented into Pharmaceutical & Biotechnology Companies, Research Centers, and Hospitals.

Regional Insights:

On region the global healthcare data storage market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The healthcare data storage industry would be dominated by North America, with Asia-Pacific (APAC) expected to have the greatest germination rate. North America position in the market is expected to be influenced by massive data loss, database system failures, and operational challenges, whereas Asia-Pacific will demonstrate its enhanced speed as a result of increasing awareness. North America is dominating the global market in 2019, and is expected to maintain its position over the forecast period. This is attributed due to increasing volume of unstructured healthcare data across the region and rapid technological advancements. This has leads to increase demand for secure, reliable, and cost-efficient storage infrastructure in North America. For Instance, in August 2019, IBM Corp. announced an expansion of its global cloud footprint, with plans to launch a new IBM Cloud multizone region (MZR) in Latin America by late 2020. It will help clients in the region to quickly deploy mission-critical workloads and applications across hybrid cloud environments.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global healthcare data storage market report based on Type, Deployment, Application, End User and Region.

Global healthcare data storage market, By Region:

• North America
  • • • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players in the global Healthcare Data Storage market includes Dell, IBM Corporation, NetApp, Hewlett Packard Enterprise Development LP, Pure Storage, Inc., Hitachi, Ltd., Toshiba Corporation, Western Digital Corporation, Scality and Huawei Technologies Co., Ltd.

• Hoffmann-La Roche Ltd.
  • Company Overview
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• Dell
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• IBM Corporation
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• NetApp
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• Hewlett Packard Enterprise Development LP
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• Pure Storage, Inc.
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• Hitachi, Ltd.
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• Toshiba Corporation
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• Western Digital Corporation
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• Scality
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• Huawei Technologies Co., Ltd.
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