Healthcare Data-Storage Market size- Industry Trends & Forecast Report 2026
Global Healthcare Data Storage market has gained momentum in recent years with
a CAGR of 10.0%, in value terms, over the forecast period 2020-2026, and is
expected to reach USD 5,470.66 million by 2026. The growth of the market is
expected to be influenced by factors such as the amount of digital data
produced in healthcare institutions, the fast and simple introduction of cloud
storage solutions, expanded use of electronic medical records ( EMR), and
computerized provider order entries (CPOE), and the acceptance of hybrid data
volume is undergoing high growth in recent years. Most organizations work with
unstructured & disorganized data including emails, and web pages. Data
storage has become one of the major issues for IT managers & business
executives in achieving cost control and storage utilization. An increase in
stored data volume leads to rising demand in the global market. However, the
information protection system awareness is raising among organizations &
Healthcare Data-Storage Market Overview:
storage is essentially data recording of various storage media such as DNA and
RNA, handwriting, phonograph recording, magnetic tape, and optical discs.
Electronic media is also used to archive information using different data
formats. Even volatile organic compounds are often used to make the data decay
over a while. These electronic data storage solutions are now used to store
business data and applications for customer storage.
importance of storage is a gradual rise in the creation of new data due to big
data and the network of devices (IoT). Modern storage systems need improved
technologies to allow businesses to implement machine learning-enabled
artificial intelligence (AI) to collect, interpret, and write maximum value
from this data.
emergence of extremely compressed and flexible storage systems, including
high-performance computing technology, converged infrastructure, composable
storage systems, hyper-converged cloud infrastructure, scale-out, and scale-up
network-connected storage (NAS), has led to broader server scripts and
real-time database analytics.
Healthcare Data-Storage Market Forecast and Trends
in Digital Data Volume in Healthcare Organizations
the era of information technology, the healthcare sector needs to contend with
vast volumes of data from outpatient departmental end-case cards, medical
records from intensive care units, and scanning outcomes from testing
instruments such as CT scanners and MRIs X-ray machines. Hospitals require an
effective data storage infrastructure for effective information management to
handle such a vast volume of data and obtain assistance from data storage
specialist firms who support the development of the demand for healthcare data
storage. Different forms of data storage methods are available that are applied
according to the healthcare facility and the generated data.
example, approximately 67 % of large hospitals with more than 500 beds use a
data storage area network (SAN) in which images and data can go directly from
storage to workstations independently on the pipe side, freeing up the main
server. For its special characteristic of allowing Picture Archiving and Communication
Systems (PACs), SAN's demand is increasing due to the increased need to
exchange diagnostic data. Statistics further state that nearly 62 % of mid-to
low-level hospitals use external storage media such as tapes, discs, etc. as
data storage to store patient records, EMR, radiological images, etc.
Adoption of Hybrid Data Storage Solutions
versatility and the opportunity to switch software from private and public
clouds, the healthcare industry is moving to hybrid clouds. Nutanix recently
released the findings of its Enterprise Cloud Index Survey (which quantifies
healthcare expectations for the use of private, hybrid, and public clouds) for
the healthcare sector. The analysis reported that the healthcare industry is
now third in the number of hybrid cloud installations worldwide by industry and
is rapidly embracing hybrid clouds that incorporate private and public clouds.
reasons for this rapid acceptance are numerous. Healthcare entities need to
resolve a range of critical IT needs including improved safety, the security of
confidential patient records, and compliance with regulatory requirements. More
than 28 percent of healthcare respondents listed protection and enforcement as
their number one decision criteria when deciding where to run workloads. With
hackers attacking medical records with sought-after personal details such as
patient healthcare and insurance numbers, healthcare institutions need security
technologies that can manage sensitive data movement in a consistent and secure
Data security Concern
On-premise data system is connected to the local network, and this should also
be viewed as the most reliable alternative to preserve sensitive patient data.
Highly confidential information is subject to phishing and malware attacks. The
human factor loophole should not be overlooked in the correct method of
ensuring the confidentiality of On-premise healthcare information with secure
anti-virus applications, firewalls, encryption, and multi-factor
authentication. As On-premise data protection is primarily based on IT
infrastructure, there is still space for error. According to a survey, 80% of
IT practitioners and healthcare administrators shared concern about employee
knowledge of healthcare records' security. The stakeholders will also neglect
or postpone technological upgrades without enough knowledge, or perforate
faster ways of accessing the data, which can open it up to attacks. One
vulnerable judgment could result in the data breach of a large data center
involving millions of patients with the privacy and protection of health data.
of COVID-19 in industry
World Health Organization now considers the novel coronavirus (COVID-19) to be
a pandemic. As the virus spreads and cases mount, and measures stiffen to
control the spread of the virus, there are numerous ways the payment system at
all levels will be impacted in the coming weeks and months. Developing
countries are particularly at risk as COVID-19 due to a reduction in the labor
force, affect economies and livelihoods as well as a reduction in production
its related industries such as the data center, consumer electronics &
semiconductors, and communications infrastructure industry is witnessed to be
more buoyant with continued strategic investments made to assists the rising
network traffic & data usage for remote working during the lockdown phase.
From school closures necessitating students for the usage of virtual offerings
(Google Classroom) to the governments utilizing business analytics services
(Power BI) for communicating virus updates, the demand for communication
services & related infrastructure has projected an unprecedented rise
amidst the global pandemic. Digital services such as telemedicine are projected
to remain popular even after the pandemic is contained, henceforth ensuring
strong growth in the communication infrastructure sector.
Healthcare Data-Storage Market: By Type
on Type, Global Healthcare Data Storage Market comprises of Flash &
Solid-State Storage, and Magnetic Storage. Flash & Solid-State Storage type
is dominating the market with a valuation of USD 1,523.61 Million in 2019 and
is anticipated to grow with a CAGR of 12.5% during the period 2020-2026. owing
to the high capacity of flash and solid-state compared to magnetic disks.
Besides, the price of flash drives and solid-state drives has declined
significantly, leading to increased end-user adoption.
Healthcare Data-Storage Market: By Storage System
on the storage system, Global Healthcare Data Storage Market is segregated into
Storage Area Network, Direct-Attached Storage, and Network-Attached Storage.
Storage Area Network is leading the market in 2019 with a valuation of USD
million and is expected to grow during the forecast period 2020-2026. SAN in
healthcare, medical researchers are bringing Al supported operations, which
will generate a large amount of data. The low-latency SAN enables quick access
to data that can improve accuracy and save time.
Healthcare Data-Storage Market: By End-user
on End-user, the Global Healthcare Data Storage market is segmented into
Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Research
Centers, and Others. Research Centers are the fastest-growing segment. There is
an increase in demand for healthcare storage solutions in healthcare companies
to store research and development data, product information, and operate data.
Healthcare Data-Storage Market: Regional insights
on the region, the Healthcare Data Storage market has been segmented into North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Increasing volumes of unstructured healthcare data and rapid technological
developments have increased North America's demand for secure, reliable, and
cost-effective computing facilities. Adaptation by clinics & hospitals to
creative technologies to ensure patient data and the utilization of advanced IT
such as Dell, Hewlett Packard Enterprise (HPE), IBM Corporation, Fujitsu,
NetApp, Nutanix, Pure Storage, Cloudian, Hitachi Systems Ltd., Tintri, Western
Digital, and Other Prominent Leaders are the key players in the Healthcare
March 2019, Medigate Launches Healthcare Protection Solution for Clinical Data
Centers and Networks: Medigate, a dedicated monitoring and asset management
solution company for medical equipment, today unveiled the Dell Technologies
driven Medigate Healthcare Defense System. The Medigate partnership with Dell
Technology and VMware offers greater insight into their clinical data centers
for hospitals and healthcare organizations to discover network flaws and then
defend against security threats.
February 2019, Fujitsu Launches the "Healthcare Personal service
Platform" to Manage Health and Medical Information: Fujitsu announced the
launch of the Fujitsu Healthcare Solutions Healthcare Personal Support Network,
a health and medical information-based network-as-a-service (PaaS) for the
automated management of consumer-facing services. The new service will compile
and enhance the personal health record of an individual, allowing that health
and medical records to be easily and efficiently preserved and
on its extensive knowledge and skills in designing regional healthcare network
networks and Electronic Medical Record (EMR) networks, Fujitsu will provide
this service and has the highest market share in these areas in Japan.
March 2019, Western Digital launches ‘Data Innovation Bazaar 2020: Data
Innovation Bazaar 2020 (DIB 2020) was announced by Western Digital, a data
service company, to fund and promote India's thriving entrepreneurship market.
Data Innovation Bazaar 2020 will collaborate with the ecosystem to facilitate
tech-driven technologies for healthcare, education, financial inclusion, energy
& atmosphere, agriculture, intelligent transportation, and smart cities.
Scope of the Report
data – 2016-2019
Year – 2019
Forecast – 2020 – 2026
in USD Million
Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South
Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.
By Type, By Storage
space, By End User and By Region
Dell, HP, IBM, NetApp,
EMC, Symantec, Western Digital, Hitachi, Micron Technology, SanDisk, Toshiba,
Huawei, Seagate Technologies, Medigate, Coho, Fujitsu, Jeda Networks &
Scope of the Report
Ø Flash & Solid-State Storage
Ø Magnetic Storage
By Storage Space
By End User
& Biotechnology Companies
East & Africa
The objective of the Study:
analyze and forecast the global Healthcare Data-Storage market size of the
market, in terms of value.
examine the careful market segmentation and forecast the market size, in terms
value, based on the region by segmenting the Global Healthcare Data-Storage
market into five regions, namely, North America, Europe, Asia Pacific, Latin
America, Middle East & Africa and their leading countries.
outline, categorized and forecast the global Healthcare Data-Storage market
based on the type, storage space, end user and Region.
examine competitive developments like technological advancement, services, and
regulative framework within the global Healthcare Data-Storage market.
highlight the impact analysis of the factors, affecting the market dynamics
such as drivers, restraints, opportunities, and challenges.
strategically profile the key players and comprehensively analyze their market
shares along with detailing the competitive landscape for market leaders.