Medical Document Management Systems Market Research Report – Forecast to 2030

Medical Document Management Systems Market Research Report: By Products (Services, Solutions), By Application (Medical Records, Billing Records, Admission & Registration, Others), By Delivery Model (Web-based, Cloud-based, On-premise) and By End-user (Hospitals & Clinics, Healthcare Providers, Nursing Homes, Insurance Agencies) – Forecast to 2030

ID: MRFR/HCIT/5116-HCR | November 2022 | Region: Global | 100 Pages         

Medical Document Management Systems Market

The Medical Document Management Systems Market is expected to record a CAGR 10.8% to reach USD 2.8 billion during the forecast period 2022 to 2030.

Segmentation

By Products Services Solutions
By Application Medical Records Billing Records Admission Registration
By Delivery Model Web-based Cloud-based On-premise
By End-user Hospitals & Clinics Healthcare Providers Nursing Homes

Key Players

  • Siemens Medical Solutions USA Inc.
  • Nextgen Healthcare Information Systems LLC
  • Toshiba Corporation
  • McKesson Corporation
  • EPIC Systems Corporation
  • EPIC Systems Corporation
  • 3M Company
  • Kofax Ltd.
  • GE Healthcare
  • Allscripts Healthcare Solutions Inc.
  • Hyland Software Inc.

Drivers

  • Governments in various countries are supporting the move towards medical document management systems
  • Rising investment in the healthcare sector in the developing countries
Speak to Analyst Request a Free Sample

Medical Document Management Systems Market Overview:


The medical document management systems market size is expected to reach USD 2.8 billion by 2030 at 10.8% CAGR during the forecast period 2022-2030. Medical practices create a large quantity of data on a daily basis, which needs efficient storage and administration since it is essential to their continued operation. Medical document management is an important part of the accreditation process, and the necessity to follow regulatory guidelines is propelling the medical document management systems market forward. The market for medical document management systems is being propelled forward by a tremendous growth in the number of medical billing and records.


 The market is likely to be driven by increased investment in the healthcare sector in emerging nations. Various governments are providing grants and investments to help the transition to medical document management systems. Furthermore, such papers require regular maintenance, updates, and filling, necessitating the establishment of a medical document management system. In order to reduce healthcare expenses and promote a paperless environment, medical institutions throughout the world are using document management systems.


Medical Document Management Systems Market Segmentation


The medical document management systems market has been segmented based on product, application, delivery model, and end user. A wide-ranging analysis of the drivers and restraints along with deep-diving insights into the trend and opportunities affecting the market and its sub-market has been provided. The product types of medical document management systems covered in this report include services and solutions. The report also covers delivery models of medical document management systems including web-based, cloud-based and on-premise models. For the purpose of this research, the global medical document management market has been segmented into the regions of North America, Europe, Asia Pacific, and the Rest of the World. 


Medical Document Management Systems Market Players Covered


Siemens Medical Solutions USA Inc., Nextgen Healthcare Information Systems, LLC, Toshiba Corporation, McKesson Corporation, EPIC Systems Corporation, EPIC Systems Corporation, 3M Company, Kofax Ltd., GE Healthcare, Allscripts Healthcare Solutions Inc., Hyland Software Inc., Athena Health Inc., and Cerner Corporation.

Recent Devlopment


Siemens is a multinational corporation that specializes in electrification, automation, and digitalization. Siemens is a prominent provider of systems for power production and transmission, as well as medical diagnosis, and is one of the world's top developers of energy-efficient, resource-saving technology. The firm is a pioneer in infrastructure and industry solutions.


Medical and dental group practices can benefit from NextGen Healthcare's software, services, and analytics. The company's portfolio includes capabilities that help physicians succeed, improve patient care, and make the transition to value-based healthcare easier. The firm was established in 1974 and is based in Irvine, California. Over the course of one round of investment, NextGen Healthcare has raised a total of —. On February 16, 2015, a Venture-Series Unknown round was raised. NextGen Healthcare has bought eight businesses.


Research Methodology


MRFR delivers comprehensive market insights into market structure, competitive landscape, and on emerging trends through conduction of scrupulous research methods. Primary research constitutes a significant part of the research process which is then analyzed by expert analysts. Primary data is collated with deep-diving insights extrapolated from secondary data sources such as paid sources, white papers, corporate presentations, and others. For the estimation of market size, revenue of various players operating in each region, the top-down and bottom-up approaches are deployed.


Medical Document Management Systems Market Segmentation


By-Products



  • Services

  • Solutions


By Application



  • Medical Records

  • Billing Records

  • Admission & Registration

  • Others


By Delivery Model



  • Web-based

  • Cloud-based

  • On-premise


By End-user



  • Hospitals & Clinics

  • Healthcare Providers

  • Nursing Homes

  • Insurance Agencies


By Region



  • North America

  • Europe

  • Asia Pacific

  • Rest of the World



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 2.8 Billion
  CAGR   10.8%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Products, Application, Delivery Model, End-user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Siemens Medical Solutions USA Inc., Nextgen Healthcare Information Systems, LLC, Toshiba Corporation, McKesson Corporation, EPIC Systems Corporation, EPIC Systems Corporation, 3M Company, Kofax Ltd., GE Healthcare, Allscripts Healthcare Solutions Inc., Hyland Software Inc., Athena Health Inc., and Cerner Corporation.
  Key Market Opportunities   Increasing research & development investments by industry players
  Key Market Drivers

  • Rising patient pool and expanding healthcare sector
  • Massive increase in the volume of medical documents


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    Rising patient pool and expanding healthcare sector are the key factors driving the medical document management systems market.

    Siemens Medical Solutions USA Inc., Nextgen Healthcare Information Systems, LLC, Toshiba Corporation, McKesson Corporation, EPIC Systems Corporation, EPIC Systems Corporation, 3M Company, Kofax Ltd., GE Healthcare, Allscripts Healthcare Solutions Inc., Hyland Software Inc., Athena Health Inc., and Cerner Corporation.

    Medical document management systems are widely used in admission and registration, billing records, medical records, and others.

    Different end users of the medical document management systems market include insurance agencies, nursing homes, healthcare providers, and hospitals and clinics.

    Specific strategies that industry players have incorporated to create a niche in the medical document management systems market include product launches, strategic alliances, joint ventures, and product launches.