Exploding Volumes of Patient Data to Create Demand for Data Storage Devices in Healthcare, Finds Frost & Sullivan

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• Publié par: frost-sullivan
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• Langue: English

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Exploding Volumes of Patient Data to Create

Demand for Data Storage Devices in

Healthcare, Finds Frost & Sullivan

PR Newswire

LONDON, July 11, 2012

- Need to Document Healthcare Files and Share Information to

Underline Importance of Cost-effective, Secure Data Storage

Solutions

LONDON

, July 11, 2012 /PRNewswire/ -- 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.

New analysis from Frost & Sullivan (http://www.healthcareIT.frost.com),

European Data Storage Market in Healthcare

, finds that the market

earned revenues of

$1,011.4 million

in 2010 and estimates this to reach

$

2,473.0 million

in 2017. The research covers hospital IT, research and imaging

segments.

"Advanced imaging leads to high resolution images that, in turn, enlarge data

volumes, putting tremendous pressure on data storage devices," notes Frost &

Sullivan Research Analyst Somsainathan. "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 Somsainathan. "Therefore, the demand for

secure data storage systems is burgeoning across

Europe

."

However, 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.