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

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.