Global Health Data Archiving Market Overview 

The Global Health Data Archiving Market size is estimated to reach $7.65 Billion by 2026, growing at a CAGR of 12.5% over the forecast period of 2022-2026. Healthcare data archives come into the picture in EMR/EHR modifications, acquisitions, and physician retirement. If your healthcare organization is through any of these changes, now is a perfect moment to develop a healthcare data archiving strategy. Your old legacy system has essential data that you must keep, but it comes with maintenance and security expenditures. Data transfer and archival are the most effective ways to maintain access to the data you need while removing maintenance and security problems.

An increase in inpatients and outpatients has contributed to the rise in medical documentation costs. Health data archiving will help cost-effectively deal with this problem. Hence this factor drives the health data archiving market.

Impact of COVID-19 on Health Data Archiving Market

COVID-19 has resulted in a drastic rise in inpatients and outpatients in every healthcare facility center. It has contributed to the increase in the market demand of the Health Data Archiving market.

Key Takeaways from Global Health Data Archiving Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for the product, applications, and by different industry verticals.
• Understand the different market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&A'sM&A's, deals, partnerships, product launches of all key players for the past four years. 
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

By Type, Flash and solid-state storage segment is estimated to hold the largest market share during the forecast period.

The flash and solid-state storage category will hold the most significant market share in the forecast period and is predicted to grow at the fastest rate throughout. End customers are increasingly adopting flash and solid-state drives due to their higher capacity and lower prices than magnetic discs.

Europe to account for the largest market share during the forecast period

During the forecast period, North America is predicted to be the largest market for Healthcare Archiving, with a value of US$ 5.2 billion in 2026. It is due to increased demand and awareness for healthcare data storage and preservation. Healthcare archiving is becoming more popular as it becomes more critical to determine how much data should be stored. The majority of software is produced in North America.

Europe is predicted to be the fastest-growing region during the forecast period as the adoption of archiving systems is driven by the growing patient pool and data security concerns. European investors' interest in investing in this market is one of the contributing factors for the same.

Market Dynamics

Driver: The rise in inpatients and outpatients are driving the market demand

The rising expenses of medical documentation and the growing amount of medical papers have come from the increasing number of inpatients and outpatients in hospitals. In addition, the development of different archiving systems to efficiently store enormous volumes of organized and unstructured data throughout the healthcare industry has been prompted by advancements in diagnostic technologies and the expanding use of digital medical imaging.

Challenge: Increased risk of cyberattacks is set to limit the market growth.

Increasing risks of cyberattacks is the biggest challenge for the Health Data Archiving Market. As a result, the people involved here have to be extra careful when it comes to the confidential medical data of patients.

Key Market Players

Key Players in the Global Health Data Archiving Market consist of Actiance Incorporation, Barracuda Networks Incorporation, Bloomberg L.P., Commvault Systems Inc., Global Relay Communications Inc., Google Incorporation, International Business Machine (IBM) Corporation and Microsoft Corporation, Allscripts, and Siemens. among others.

Developments

There are no latest developments in this market as it is pretty new.

Report Coverage and Scope

The report "Global Health Data Archiving Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

By Delivery

• Remote
• Hybrid
• On-premise

By Architecture

• File
• Block
• Object

By Type

• Magnetic Storage
• Flash and solid-state storage
• Discs
• Tapes

By End Users

• Pharma
• Biotech
• CRO
• Hospital
• Clinics
• Research Center

By Geography

• North America
• Europe
• APAC
• RoW

Chapter 1 Health Data Archiving Market Overview

1.1 Product Overview and Scope of Health Data Archiving

1.2 Health Data Archiving Market Segmentation By Product Type

1.2.1 Magnetic Storage

1.2.2 Flash and solid-state storage

1.2.3 Discs

1.2.4 Tapes

1.3 Health Data Archiving Market Segmentation By End User

1.3.1 Pharma

1.3.2 Biotech

1.3.3 CRO

1.3.4 Hospital

1.3.5 Clinics

1.3.6 Research Center Magnetic Storage

1.4 Health Data Archiving Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Health Data Archiving (2016-2021)

Chapter 2 Global Economic Impact on Health Data Archiving Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Health Data Archiving Market Competition by Manufacturers

3.1 Global Health Data Archiving Production and Share by Manufacturers (2016-2021)

3.2 Global Health Data Archiving Revenue and Share by Manufacturers (2016-2021)

3.3 Global Health Data Archiving Average Price by Manufacturers (2016-2021)

3.4 Manufacturers Health Data Archiving Manufacturing Base Distribution, Production Area and Product Type

3.5 Health Data Archiving Market Competitive Situation and Trends

3.5.1 Health Data Archiving Market Concentration Rate

3.5.2 Health Data Archiving Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Health Data Archiving Production, Revenue (Value) by Region (2016-2021)

4.1 Global Health Data Archiving Production by Region (2016-2021)

4.2 Global Health Data Archiving Production Market Share by Region (2016-2021)

4.3 Global Health Data Archiving Revenue (Value) and Market Share by Region (2016-2021)

4.4 Global Health Data Archiving Production, Revenue, Price and Gross Margin (2016-2021)

4.5 North America Health Data Archiving Production, Revenue, Price and Gross Margin (2016-2021)

4.6 Europe Health Data Archiving Production, Revenue, Price and Gross Margin (2016-2021)

4.7 China Health Data Archiving Production, Revenue, Price and Gross Margin (2016-2021)

4.8 Japan Health Data Archiving Production, Revenue, Price and Gross Margin (2016-2021)

4.9 Southeast Asia Health Data Archiving Production, Revenue, Price and Gross Margin (2016-2021)

4.10 India Health Data Archiving Production, Revenue, Price and Gross Margin (2016-2021)

Chapter 5 Global Health Data Archiving Supply (Production), Consumption, Export, Import by Regions (2016-2021)

5.1 Global Health Data Archiving Consumption by Regions (2016-2021)

5.2 North America Health Data Archiving Production, Consumption, Export, Import by Regions (2016-2021)

5.3 Europe Health Data Archiving Production, Consumption, Export, Import by Regions (2016-2021)

5.4 China Health Data Archiving Production, Consumption, Export, Import by Regions (2016-2021)

5.5 Japan Health Data Archiving Production, Consumption, Export, Import by Regions (2016-2021)

5.6 Southeast Asia Health Data Archiving Production, Consumption, Export, Import by Regions (2016-2021)

5.7 India Health Data Archiving Production, Consumption, Export, Import by Regions (2016-2021)

Chapter 6 Global Health Data Archiving Production, Revenue (Value), Price Trend by Type

6.1 Global Health Data Archiving Production and Market Share by Type (2016-2021)

6.2 Global Health Data Archiving Revenue and Market Share by Type (2016-2021)

6.3 Global Health Data Archiving Price by Type (2016-2021)

6.4 Global Health Data Archiving Production Growth by Type (2016-2021)

Chapter 7 Global Health Data Archiving Market Analysis by Application

7.1 Global Health Data Archiving Consumption and Market Share by Application (2016-2021)

7.2 Global Health Data Archiving Consumption Growth Rate by Application (2016-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Health Data Archiving Manufacturing Cost Analysis

8.1 Health Data Archiving Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Health Data Archiving

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Health Data Archiving Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Health Data Archiving Major Manufacturers in 2022

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Health Data Archiving Market Forecast (2022 - 2026)

12.1 Global Health Data Archiving Production, Revenue Forecast (2022 - 2026)

12.2 Global Health Data Archiving Production, Consumption Forecast by Regions (2022 - 2026)

12.3 Global Health Data Archiving Production Forecast by Type (2022 - 2026)

12.4 Global Health Data Archiving Consumption Forecast by Application (2022 - 2026)

12.5 Health Data Archiving Price Forecast (2021-2027)

Chapter 13 Appendix