The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s Healthcare Data Storage Global Market Report 2023 identifies increase in the volume of digital data storage as the major driver for the Healthcare Data Storage market’s growth in the forecast period. Advances in big data analytics tools and medical imaging, as well as the increasing availability of real-time data to aid clinical decision-making, have all contributed to this rapid increase in healthcare data volume. The collection and storage of healthcare data from a variety of sources encourage efficient communication between doctors and patients, improves overall patient care quality, and provides deeper insights into specific conditions.
The global healthcare data storage market size grew from $4.88 billion in 2022 to $5.7 billion in 2023 at a compound annual growth rate (CAGR) of 16.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare data storage market size is expected to grow to $10.52 billion in 2027 at a CAGR of 16.6%.
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Major competitors in the Healthcare Data Storage market are Dell, IBM Corporation, NetApp, Hewlett Packard Enterprise Development LP, Pure Storage Inc., Hitachi Ltd., Western Digital Corporation.
A key trend in the Healthcare Data Storage market includes strategic collaborations. Major companies operating in the healthcare sector are focusing on collaborating with IT companies to strengthen the data storage operations of the healthcare sector. For instance, in 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 and analytics tools to develop new digital health tools, gain more performance insights for internal and external purposes, and enhance its overall online experience.
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The Healthcare Data Storage market is segmented –
• By Type: Magnetic Storage, Flash Storage, Solid- State Storage
• By Architecture: Block Storage, File Storage, Object Storage
• By Deployment: On-Premise Solutions, Remote Solutions, Hybrid Solutions
• By End User: Pharmaceutical, Hospitals, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Healthcare Data Storage market.
The Business Research Company’s “Global Healthcare Data Storage Market Report 2023” provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Healthcare Data Storage Market Include:
1. Executive Summary
2. Healthcare Data Storage Market Characteristics
3. Healthcare Data Storage Market Trends And Strategies
4. Healthcare Data Storage Market – Macro Economic Scenario
5. Healthcare Data Storage Market Size And Growth
26. Africa Healthcare Data Storage Market
27. Healthcare Data Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Healthcare Data Storage Market
29. Healthcare Data Storage Market Future Outlook and Potential Analysis
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