Global Healthcare Data Storage Market Trends

Adoption of All-flash Storage:

All-flash storage technology is displacing traditional hard disk drive (HDD) storage in healthcare owing to significant performance benefits like faster access to patient data, lower latency, and support for emerging workloads like AI. The declining prices of flash drives along with the rising need for real-time data accessibility is expected to drive the adoption of all-flash storage.

Healthcare Data Storage Market Regional Insights:

• North America is expected to be the largest market for healthcare data storage during the forecast period, accounting for over 36.9% of the market share in 2023. The growth of the market in North America is attributed to the high adoption of digital health solutions, the presence of key players such as Dell Inc., NetApp, Hewlett Packard Enterprise (HPE), IBM, and others, and increasing healthcare spending.
• Europe is expected to be the second-largest market for healthcare data storage, accounting for over 26.2% of the market share in 2023. The growth of the market in Europe is attributed to the growth of big data analytics, investments in healthcare IT infrastructure, and the growth of genomic datasets.
• Asia Pacific market is expected to be the third-largest market for healthcare data storage, accounting for over 22.0% of the market share in 2023. The growth of the market in Asia Pacific is attributed to the increasing adoption of EHR systems, government funding for healthcare IT, and the growth of medical tourism industry.

Figure 1. Global Healthcare Data Storage Market Share (%), by Region, 2023