Data Storage Management Solutions Essential to Meet HIPAA Stipulations
Data storage management vendors are likely to play a key role in assisting healthcare facilities to meet the Health Insurance Portability and Accountability Act (HIPAA) deadline for security compliance. In order to make the most of this opportunity, vendors need to incorporate certain practices and product features that are in line with the HIPAA recommendations for patient record keeping. Partnering with other vendors that provide clinical information systems from the stage of product development and launching pilot projects at healthcare centers to check security compliance are also expected to prove beneficial for data storage vendors. They must also aim for full responsibility in maintaining data integrity and availability. This will enable them to win long-term maintenance contracts and realize more opportunities in healthcare markets.
This Frost & Sullivan research evaluates the key drivers and restraints in the data storage management markets. The study also analyzes opportunities and challenges with respect to the storage hardware and software segments and provides strategies to assist participants in designing high-impact action plans.
Lack of Integration between DICOM and XML Standards Proves Challenging
Given the co-existence of graphical, text, and numerical data in healthcare facilities, data storage management vendors need to ensure that the specific requirements of each data type are catered to in an organized manner. Digital imaging and communications in medicine (DICOM) platform is vital to the successful implementation of radiology and picture archiving and communications systems (PACS). Similarly, extensible mark-up language (XML) proves essential for real-time access to electronic medical records (EMR). "Integration between DICOM and XML standards is absolutely necessary for consolidated data storage solutions in healthcare settings and comprehensive access to patient records," says the analyst of the research. "This integration must be made compatible for Web applications, as well."
Exponential Growth in Healthcare Data to Boost Demand for Storage Management Solutions
Healthcare practitioners operate in one of the most data intensive environments. It is estimated that the volume of healthcare data is increasing by more than four times every two years and this is also expected to double every nine months. Most of the demand for high storage requirements is from medical images, patient records, and hospital administration related data. "Patient records in particular must be stored for very long periods of time and will never attain a ’zero level’ like other industry data," explains the analyst. "In order to really stand out in the market, data storage management vendors must, therefore, provide highly scalable storage solutions to healthcare providers."
1. Market Introduction and Executive Summary
1. Executive Summary
1. Executive Summary
2. Market Introduction
1. Market Overview
2. Market Drivers
a. Exponential Growth of Healthcare Data to Boost Storage Management Solutions
b. Increasing Healthcare IT spending on Clinical Information Solutions
c. Increasing need for IT Infrastructure to Protect Data from Disasters
d. Increasing Usage of Medical Imaging in Healthcare Settings
3. Market Restraints
a. Lack of Integration between DICOM and XML Standards
b. Lack of Adequate Funding and Resources
4. Market Challenges
a. Meeting the Security Demands to Comply with HIPAA
b. Providing High Scalability at Very Low Cost
c. Providing Data Intensity-based Flexible and Long-term Storage Solutions
d. Maintaining Data Integrity and Availability
2. Storage Hardware Systems
1. Market Dynamics
1. Market Engineering Measurements
2. Demand Dynamics
3. Growth Opportunities
4. Technological Trends
5. Competitive Landscape
6. Competitive Strategy for Growth
7. Penetration of Storage Hardware by Healthcare Setting Type
3. Storage Software Systems
1. Market Dynamics
1. Market Engineering Measurements
2. Demand Dynamics
3. Growth Opportunities
4. Competitive Landscape
5. Competitive Strategy for Growth
6. Penetration of Storage Software by Healthcare Setting Type
4. Frost & Sullivan Awards
1. Frost & Sullivan Awards
1. 2004 Competitive Strategy Leadership Award
2. 2004 Technology Leadership Award
3. 2004 Product Differentiation Innovation Award
4. 2004 Business Development Strategy Leadership Award
5. 2004 Best Bang for the Buck Award
5. Decision Support Database
1. Decision Support Database Tables
1. Number of Private Hospitals - Global
2. Number of Freestanding Medical Imaging Centers - United States
3. Number of Specialty Centers- United States
4. Number of Government Hospitals- Global
List Of Figures
Chapter 1
Data Storage Management Systems Markets for Healthcare Settings: Market Drivers Ranked in Order of impact (U.S), 2004 - 2008
Data Storage Management Systems Markets for Healthcare Settings: Market Restraints Ranked in Order of impact (U.S), 2004 -2008
Data Storage Management Systems Markets for Healthcare Settings: Market Challenges Ranked in Order of impact (U.S), 2004 -2008
Chapter 2
Data Storage Management Systems Markets for Healthcare Settings: Market Revenue Forecast and Growth Rate for Storage Hardware Segment (U.S), 2004 - 2008
Data Storage Management Systems Markets for Healthcare Settings: Company Market Share by Revenue for Storage Hardware Segment (U.S), 2004
Chapter 3
Data Storage Management Systems Markets for Healthcare Settings: Market Revenue Forecast and Growth Rate for Storage Software Segment (U.S), 2004 - 2008
Data Storage Management Systems Markets for Healthcare Settings: Company Market Share by Revenue for Storage Software Segment (U.S), 2004
List of Charts
Chapter 1
Data Storage Management Systems Markets for Healthcare Settings: Market Share of Storage Hardware and Software Solutions in $ million (U.S), 2004
Chapter 2
Data Storage Management Systems Markets for Healthcare Settings: Market Engineering Measurements for Storage Hardware Segment (U.S), 2004 - 2008
Data Storage Management Systems Markets for Healthcare Settings: Revenue Ranges by Company Tier (U.S), 2004
Data Storage Management Systems Markets for Healthcare Settings: Market Share by Company Tier for Storage Hardware Segment (U.S), 2004
Data Storage Management Systems Markets for Healthcare Settings: Company Market Share by Revenue for Storage Hardware Segment (U.S), 2004
Data Storage Management Systems Markets for Healthcare Settings: Competitive Strategy for Storage Hardware Segment (U.S), 2004
Data Storage Management Systems Markets for Healthcare Settings: Market Share by Healthcare Setting Type for Storage Hardware Segment (U.S), 2004
Chapter 3
Data Storage Management Systems Markets for Healthcare Settings: Market Engineering Measurements for Storage Software Segment (U.S), 2004 - 2008
Data Storage Management Systems Markets for Healthcare Settings: Revenue Ranges by Company Tier for Storage Software Segment (U.S), 2004
Data Storage Management Systems Markets for Healthcare Settings: Market Share by Company Tier for Storage Software Segment (U.S), 2004
Data Storage Management Systems Markets for Healthcare Settings: Company Market Share by Revenue for Storage Software Segment (U.S), 2004
Data Storage Management Systems Markets for Healthcare Settings: Competitive Strategy for Sales of Storage Software Segment (U.S), 2004
Data Storage Management Systems Markets for Healthcare Settings: Market Share Breakup by Healthcare Setting Type for Storage Software Segment (U.S), 2004
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