WW Healthcare Storage Market to Reach $6.6 Billion by 2026

A market study published by Global Industry Analysts Inc. (GIA), a market research company, released its report titled “Healthcare Data Storage – Global Market Trajectory & Analytics” ($5,600). The report presents fresh perspectives on opportunities and challenges in a significantly transformed post Covid-19 marketplace.

Global Healthcare Data Storage Market to Reach $6.6 Billion by 2026
Amid the Covid-19 crisis, the global market for healthcare storage estimated at $3.1 billion in the year 2020, is projected to reach a revised size of $6.6 Billion by 2026, growing at a CAGR of 13% over the analysis period.

Flash and solid-state storage is projected to record a 13.7% CAGR and reach $4.3 billion by the end of the analysis period. After an analysis of the business implications of the pandemic and its induced economic crisis, growth in the magnetic storage segment is readjusted to a revised 12.2% CAGR for the next 7-year period.

The healthcare storage market in USA. is estimated at $952.1 million in the year 2021. China, the world’s second largest economy, is forecast to reach a projected market size of $1.4 billion by the year 2026 trailing a CAGR of 17.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 11.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.

Players covered include Cloudian, Dell, Drobo, Fujitsu, Hewlett Packard Enterprise, Hitachi, Huawei, IBM, NetApp, Pure Storage, Samsung, Scality, Tintri, Toshiba and Western Digital.