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Written by Indu Bhat » Updated on: April 03rd, 2025
Research Nester’s recent market research analysis on
“:
Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a
detailed overview of the global Data Center Storage Market in terms of market
segmentation by end-user, application and by region.
Growing
Elderly Population to Promote Global Market Share of Microchips in Medicine
The
global Data Center Storage Market is estimated to grow majorly on account of
the increasing elderly population. The elderly population is more prone to
various age-related medical conditions, which necessitates the use of advanced
medical technologies that are integrated with microchips for the effective
management of diseases. For instance, the number of individuals in the world
who are 60 or older will increase to over 2 billion by 2050.
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Report @
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Some of the major growth factors and challenges
that are associated with the growth of global Data Center Storage Market are:
Growth Drivers:
Surge in Popularity of Digitalization in Healthcare
Globally
Rising Need for Digital Drug Delivery
Challenges:
The lack of awareness regarding microchips in medicine,
and the exorbitant cost of production are some of the major factors anticipated
to hamper the global market size of microchips in medicine. Owing to a lack of
resources in lower economic regions there is not enough knowledge about
advanced medical technologies. This as a result, may limit the adoption of
microchips in medicines in such regions.
By
application, the global Data Center Storage Market is segmented into drug administration
and home monitoring. The drug administration segment is to garner the highest
revenue by the end of 2036 by growing at a significant CAGR over the forecast
period. The growth can be attributed to the benefits provided by the segment. Microchips
represent a new technology capable of on-demand release of various drugs and
also allow for storage while providing extreme flexibility. In addition, it can
be used for long-term treatment without the need for the patient to intervene.
Further,
the home monitoring segment may witness significant growth on account of the
rising popularity of remote patient monitoring. To monitor patients at home
various medical devices such as wearable technologies are used. These
technologies are integrated with microchips which can be used to track and
monitor people, save and communicate personal, medical, financial, and other
information, and then helps in making clinical decisions and keeping track of
patients accordingly.
In
addition, by end-user the market is segmented into hospitals and research
centers. Out of which, the hospital segment is to garner notable revenue in the
coming years. The growth can be attributed to growing cases of neurological
disorders. The treatment for neurological diseases involves the usage of
advanced medical technologies such as neural implants which are dependent on
microchips for the transmission of signals. People with such conditions
frequently visit hospitals since these technologies are easily available within
the hospital premises.
By region, the North America Data Center Storage
Marketis to generate the highest revenue by the end of 2036. This
growth is anticipated by growing demand for technological advancements in
healthcare. Technology in healthcare has provided the healthcare community with
advanced tools to improve patient care, which may increase the demand for
microchips in medicine in the region as they are used as crucial components in
medical devices.
In
addition, the market in Europe may witness a huge demand for microchips in
medicine owing to rising count of hospitals and clinics in the region. This may
increase the demand for advanced medical technologies and devices that rely on
microchips for various functions.
Further,
the Asia Pacific microchips in the medicine market are expected to hold a
significant share by the end of 2036. The growth can be attributed to favorable
government policies to encourage the adoption of advanced healthcare
technologies such as electronic health records. This technology is dependent on
microchips since it provides a secure and trustworthy method of patient
identification, and also allows the care provider to access medical records and
other vital information that is maintained on computers.
Access our detailed report at:
https://www.researchnester.com/reports/data-center-storage-market/7158
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
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