Global Healthcare Data Storage Market 2021, Trend, CAGR Status, Growth, Analysis and Forecast To 2027

Healthcare Data Storage Market is projected to grow at a CAGR of 14.4% during the forecasting period 2021-2027. Healthcare data management systems help healthcare organisations to capture, process, and analyse data that can then be used to make informed decisions and enhance operations. According to many research reports, healthcare data will grow at a rapid rate in the future, making it impossible for the healthcare sector to manage massive amounts of data. These healthcare facilities are attempting to implement new and updated technologies in order to strengthen patient care and to extend their facilities.

These healthcare organizations are constructing high-end IT infrastructures to meet the demand for versatile and scalable data storage. The data storage technology uses traditional value-based data analytics and is linked to multiple devices in the unit via a central control panel.

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Key Driving Factors: Rise in adoption of hybrid data storage:

The market is being driven by the massive amount of data produced by the healthcare sector and the rising adoption of hybrid data storage solutions. The market's growth is also expected to be aided by the quick and easy deployment of cloud-based storage solutions. Furthermore, the global healthcare data storage market is expected to benefit from increased adoption of the internet of things (IoT), the advent of social media, and the growth in popularity of healthcare app wearables among people all over the world.

This report offers the major market player’s profiles, such as Fujitsu, Samsung, Drobo, Tintri, Cloudian, Dell, IBM Corporation, NetApp, Hewlett Packard Enterprise (HPE), Pure Storage, Hitachi, Toshiba, Western Digital, Scality, and Huawei.

Opportunities: Growing Health Concerns Amongst People:

People are becoming more health-conscious, and they are buying healthcare wearables and smart devices, which creates more data to store in the cloud and on-premises. These growing issues will help healthcare providers develop a strong market. Furthermore, all of the major pharmaceutical and testing firms are collaborating on a corona vaccine, resulting in a large amount of data being produced. This data must be efficiently stored, processed, and secured, resulting in a demand for data storage solutions and, as a result, market development.

By End User:
Pharmaceutical & biotechnology firms, CROs, and CMOs; research centres, academic & government institutes, and clinical research labs; hospitals, clinics, and ASCs; diagnostic & clinical laboratories; and other end users make up the medical sector. In 2018, the pharmaceutical and biotechnology firms, contract research organisations (CROs), and contract manufacturing organisations (CMOs) segment accounted for the largest share of the industry. This is due to the fact that pharmaceutical and biotechnology firms conduct comprehensive drug discovery research, which produces a large amount of data.

The Healthcare Data Storage market report has been categorized as below

By Deployment
• On-premise
• Remote
• Hybrid

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

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

By Architect
• Object Storage
• File Storage
• Block Storage

By Storage System
• Direct-attached Storage
• Network-attached Storage
• Storage Area Network

By Region
• North America
• Europe
• Asia Pacific
• Rest of World

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