Healthcare Data Storage market is expected to grow from USD 2.96 billion in 2019 to USD 7.95 billion by 2026 at a CAGR of 15.16% from 2020 to 2026.
Healthcare data storage are software solutions employed by hospitals, clinics, diagnostic centers to store patient data for future use. These solutions are employed by healthcare companies to store data about manufacturing products and their processes. The development of the universal healthcare data storage market is decided by numerous factors like an increasing patient database due to the increasing number of surgeries, increasing clinical trials, and research activities to develop innovative products. Also, the decreasing paper use to take care of patient information increases the demand for these data storage solutions. Nevertheless, the key factors like data infringement, cyber-attacks, and the high cost of this data storage solution hamper the market growth. The expansion during this market is driven mainly by the growing volume of digital data generated in healthcare organizations, the rapid and straightforward deployment of cloud storage solutions, and therefore the growing adoption of hybrid data storage solutions.
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The global Healthcare Data Storage market has been segmented as below:
Flash & Solid-state Storage
By Storage System
Storage Area Network
Pharmaceutical & Biotechnology Companies, CROs, and CMOS
Research Centers, Academic & Government Institutes, and Clinical Research Labs
Hospitals, Clinics, and ASCs
Diagnostic & Clinical Laboratories
Other End Users
Rest of The World
Dell, IBM Corporation, NetApp, Hewlett Packard Enterprise (HPE), Pure Storage, Hitachi, Toshiba, Western Digital, Scality, Huawei, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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