European Data Storage Market in Healthcare

Frost & Sullivan, February 2012, Pages: 92

This Frost & Sullivan research service titled European Data Storage Market in Healthcare provides overall market size and market mapping for the United Kingdom, Germany, France, Spain, Italy, Scandinavia (Sweden, Norway, Denmark, and Finland) and Benelux (Belgium, the Netherlands, and Luxembourg). It examines the competitive landscape and offers revenue forecasts. The research covers hospital IT, research and imaging segments.

Market Overview

Escalating Volumes of Patient Data Highlight Need for Effective Data Storage Devices in Healthcare

The European data storage market in healthcare is driven by technology developments and a growing need to document patient data for future interpretation. Rapid penetration of technology is a key characteristic of the data storage market. Cloud computing is expected to make strong inroads into healthcare data storage as the demand for cost-effective and efficient technologies increases at a rapid pace.

“Advanced imaging leads to high resolution images that, in turn, enlarge data volumes, putting tremendous pressure on data storage devices,” notes the analyst of this research. “As the resolution of images becomes higher, data volumes swell, thereby increasing the need for advanced data storage, because there are regulations now that demand longer retention of patient data.”Changing times have led hospital administrations to focus on developing defensive evidence to address legal issues. This requires the retention of large volumes of patient data for a longer period of time. Similarly, the growing exchange of healthcare information is motivating the need for efficient data storage. “Data sharing is becoming a vital component in healthcare delivery to ensure uninterrupted and highly efficient treatment of patients, irrespective of their demographic location,” explains the analyst. “Therefore, the demand for secure data storage systems is burgeoning across Europe.”

Secure, Cost-effective and Advanced Solutions to Make Strongest Gains

The lack of budgetary allocations for hospital information infrastructure, alongside the number of new systems and medical devices that are being introduced in healthcare, is putting pressure on the data storage market. Growth is being largely restricted due to budget constraints and the rapid technology developments, which data storage device manufacturers are unable to keep pace with.

Investing in cost-effective technology to overcome exploding data levels will help in overcoming budget constraints. Traditionally, only 3 per cent of hospital budgets is allocated for the development of information infrastructure. Hence, allocating funds prudently to address need for data storage will help the market grow. “Market participants need to keep pace with technology developments and develop cost-effective solutions,” concludes the analyst. “This will be pivotal in achieving market growth in the highly competitive European data storage in healthcare.”

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

- Hospital IT
- Research
- Imaging

By Geographic Region

- The United Kingdom
- Germany
- France
- Spain
- Italy
- Scandinavia (Sweden, Norway, Denmark, and Finland)
- Benelux (Belgium, the Netherlands, and Luxembourg)

1. Executive Summary

2. Research Methodology

3. Introduction

4. Total European Data Storage Market in Healthcare

4.1 Hospital IT Market

4.2 PACS Market

4.3 Research Market

4.4 Market Engineering Measurement

4.5 Key Industry Challenges

4.6 Market Drivers

4.7 Market Restraints

4.8 Revenue Forecast

4.9 Data Storage Requirement Forecast

4.10 Distribution Channel

4.11 Competitive Structure

4.12 Market Share Analysis

5. Geographic Overview

5.1 Revenue Forecast by Region

5.2 Analysis of the United Kingdom Data Storage Market in Healthcare

5.3 Analysis of the Germany Data Storage Market in Healthcare

5.4 Analysis of the France Data Storage Market in Healthcare

5.5 Analysis of the Italy Data Storage Market in Healthcare

5.6 Analysis of the Spain Data Storage Market in Healthcare

5.7 Analysis of the Benelux Data Storage Market in Healthcare

5.8 Analysis of the Scandinavia Data Storage Market in Healthcare

6. Conclusion

7. Appendix

8. About Frost & Sullivan

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