Healthcare Archiving and eDiscovery Market to Cross US$ 8.4 billion by 2023-end

The Global Healthcare Archiving and eDiscovery Market of is expected to reach US$ 8.4 billion in 2023 from US$ 4.25 billion in 2016 with a CAGR of approximately 9.5% during the forecast period from 2017-2023.

Market Scenario:

Healthcare is a highly litigious and regulated industry. Many organizations are unprepared with the right systems to cost effectively address these requirements. In the healthcare industry, organizations have to comply with numerous regulations and rules. They therefore need an intelligent information governance solution with a purpose-built eDiscovery platform. Structured data can be referred as alphabets, numbers and can be easily processed and stored whereas unstructured data can be referred as email, images, audio and video files. In healthcare structured data refers to patient’s unique identification number and patients billing information. While instructed data refers to radiological images which required same format of image i.e. jpeg. for exchange of images between healthcare providers.  Large amount of data is to be managed by the healthcare providers to follow all the rules and regulations. Data classification is important in order to immediately access it whenever required. Globally Healthcare Archiving and eDiscovery market are been driven by need of data storage regarding patients billing, radiological images, and medical history and management of healthcare data.

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The global market of Healthcare Archiving and eDiscovery market is blooming due to increase in awareness of using Information Management System and importance of medical data archiving system among healthcare providers.

Key Players for Healthcare Archiving and eDiscovery Market:

Some of the key players in this market are: 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.

Segments:

Global Healthcare Archiving and eDiscovery Market is segmented by types including Archiving and eDiscovery, by deployment including On-premise system and Cloud system, by application including Revenue cycle management, Electronic health record, Practice Management System, laboratory Information System, Radiology Information System, Picture Archiving System and other systems and by regions consisting of North America, Europe, Asia-Pacific and Middle East and Africa.
Regional Analysis of Healthcare Archiving and eDiscovery Market:

Globally, Healthcare Archiving and eDiscovery Market consists of four regions North America, Europe, Asia-Pacific and Middle East and Africa. North America is the largest market for Healthcare Archiving and eDiscovery and is expected to grow at a CAGR of 7.1% from 2017-2023. The market is expected to reach at US$ 2.25 billion by 2023 from 4.25 billion in 2016. This is due to increase in demand and awareness for storage and archival of healthcare data. Healthcare archiving is gaining importance as it is important to decide how much data to be archived. Most of the software are concentrated in North America. Europe is the second largest market. Increasing expenditure on R&D in Electronic Health Records drives the market in Europe. In Asia-Pacific, increasing patient pool and data security responsible for the use of archiving system. Increased use of radiology management system is seen in India. Middle East and Africa show steady growth in this market.

The report for 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.

Table of Content

1 Report Prologue

2 Market Introduction

2.1 Introduction

2.2 Scope Of Study

2.3 Research Objective

2.4 Assumptions & Limitations

2.4.1 Assumptions

2.4.2 Limitations

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

4 Market Dynamics

4.1 Drivers

4.1.1 Improving Medical And Healthcare Regulation For IT Healthcare

4.1.2 Growing Trends In Information Technology

4.1.3 Increasing Numbers Of Software Techniques

4.1.4 Increasing Inclination Towards Healthcare IT Facilities

4.2 Restraints

4.2.1 Problems Associated With Features Of The Software And Its Cost

5 Market Factor Analysis

5.1 Porter’s Five Forces Model

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Supply Chain Analysis

…Continued

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Sapana Joined: March 13th, 2019