New analysis from Frost & Sullivan Data Storage Management Markets for U.S. Healthcare Settings, reveals that revenue in this industry totaled $845.2 million in 2004 for storage hardware solutions, and is projected to reach $1,329.6 million in 2008.
The market is already showing a marked increase in IT spending on security system upgrades. Investment in picture archiving and communication systems (PACS), electronic medical records (EMR), and computerized physician order entry (CPOE) solutions expects to be among the top priorities.
"With efficient storage solutions playing the supporting role to clinical information solutions, storage vendors should continue increasing their focus on this area," says Frost & Sullivan Research Analyst Natesh Subbarajagupta Kare.
Most of the demand for high storage requirements expects to come from medical images, patient records, and hospital administration-related data. In fact, the healthcare data is increasing by more than four times every two years.
Since data types are not homogeneous, integration between digital imaging and communications in medicine (DICOM) and extensible mark-up language (XML) standards plays an important role for successful implementation.
"Healthcare settings encounter one of the most data-intensive environments, and hence, high scalability at very low costs is anticipated to be a key differentiation factor for storage management solutions," emphasizes Natesh Kare.
