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Americas Healthcare Archiving and eDiscovery Market, by Type (Archiving and eDiscovery) by Storage Method (On-premise system and Cloud system) and Data Storage (Revenue cycle management system, Electronic health record, Practice management system, Laboratory information system, Radiology information system and Picture archiving system) - Forecast to 2030

ID: MRFR/HCIT/0150-HCR | 50 Pages | Author: Kinjoll Dey| June 2024

Americas Healthcare Archiving and eDiscovery Market Overview

The Americas Healthcare Archiving and eDiscovery Market is projected to reach USD 1221.86 Million by 2030 at 9.80% CAGR during the forecast period 2022-2030.The healthcare industry is growing very rapidly in terms of storing and managing data of patients in large amount. The hospitals and clinics are encountering more and more number of patients every day. The rise in the patients is due to growing population. It is becoming difficult to maintain the data on papers and handling files. It also becomes difficult for the hospitals and clinics to find information of the old patient visiting the hospital again.
Americas Healthcare Archiving and eDiscovery Market

The problem for this has been solved, the large data can be stored paperless. This is possible because of the advanced information technologies. It is mandatory of the healthcare industry to save their data this has been made compulsory to meet requirement of Health Information Portability and Accountability Act (HIPAA).

The data stored in the hospitals, clinics and the healthcare companies are very important and confidential data. The data need to be kept secured and the data archiving and ediscovery help them to keep secure. Moreover this technologies helps to identify, collect the electronic data and also preserve them. This data is reviewed and assisted for government and legal proceedings. The data is stored by two methods on-premise software and cloud based software. These methods helps to maintain the data for the long term use.

The storage of data is done for the basic purpose of incorporating the genomics with the clinical care, to create and increase interest in the personal health records and results and to shift data from paper to electronic storage medium. Furthermore the technology benefit the user by reducing the cost of data storage and maintenance, eliminating issues for data conversions, helps in merging of data with other data, and also reduces the risk for enquires while audits and litigations and it also simplify the access to data for the authority person. In America healthcare sector is the fastest growing field in the digital industry. The amount of data created by hospital per year is near about 665 terabytes.

Study Objectives of Americas Healthcare Archiving and eDiscovery Market:

  • To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Healthcare archiving and eDiscovery market

  • To provide insights about factors influencing the market growth

  • To analyze the America healthcare archiving and ediscovery market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to America.

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by type, by storage method and by data storage and its sub-segments.

  • To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Americas Healthcare Archiving and eDiscovery market.

Americas Healthcare Archiving and eDiscovery Market Intended Audience

  • IT companies

  • Research and Development (R&D) IT Companies

  • Medical Research Laboratories

  • Academic Medical Institutes and Universities

Americas Healthcare Archiving and eDiscovery Market Segment Insights

The Market is segmented on the basis of type, method and data storage. On the basis of type (Archiving and eDiscovery) on the basis of method (On-premise system and cloud system) and on the basis of data storage (Revenue cycle management system, Electronic health record, Practice management system, Laboratory information system, Radiology information system and Picture archiving system).

Americas Healthcare Archiving and eDiscovery Market Share, By Type, 2016 (%)

  Americas Healthcare Archiving and eDiscovery Market Share, By Type

Americas Healthcare Archiving and eDiscovery Market Regional Insights

The market for America is divided into two major region North America & South America. The North America is further divided into US & Canada. The market for the archiving and the ediscovery is large in this region, the market is growing because of the compulsion of the government policies to retain and maintain the records for the health industries. For example the USFDA has mandated storage conditions for mammograms and mammography records. This is stored for longer periods and are permitted to use if a state requires. Hospitals, clinics, free-standing organizations that provide laboratory and imaging services, and physicians' offices may also be used share them in different language as per the requirement. 

Key Players for Healthcare Archiving and eDiscovery Market:

  • Stryker Corporation

  • GE Healthcare

  • NextGen Healthcare

  • Siemens

  • Allscripts

  • Meditech

  • Mckesson

  • Novarad

  • ScImage

  • NaviNet

  • eClinical works 

The report for Americas Healthcare Archiving and eDiscovery market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

Report Attribute/Metric Details
Market Size USD 1221.86 Million by 2030
CAGR   9.80% (2022-2030)
Base Year   2021
Forecast Period   2022-2030
Historical Data   2020
Forecast Units   Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Types, end user, Region
Geographies Covered US, Canada, and Rest of America
Key Vendors Stryker Corporation, GE Healthcare, NextGen Healthcare, Siemens, Allscripts, Meditech, Mckesson, Novarad, ScImage, NaviNet, eClinical works 

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