Global 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 2023
As per the analysis of Market Research Future (MRFR), the growth of the global medical document management systems market is perceived to be healthy and is expected to garner high growth revenue in the coming years. The massive increase in the volume of medical documents is the preliminary drive in the medical document management systems market. Medical practices generate vast amounts of data on a regular basis which requires proper storage and management since they are critical to functioning continuity. Furthermore, such documents require maintenance, updates and filling on timely intervals, due to which implementation of medical document management system becomes necessary. Medical organizations across the globe are adopting document management system in a bid to curtail healthcare costs and create a paperless environment. Medical document management is a key component of the medical accreditation process, and the need for compliance with regulatory norms is fueling the growth of the medical document management systems market. Pouring investment in the healthcare sector in the developing countries is expected to be a major driver of the market. Governments in various countries are supporting the move towards medical document management systems in the form of grants and investment. Even though high interest has been observed towards deployment of medical document management system, adoption is hindered by the available technology infrastructure which is inadequate to integrate such system. Furthermore, lack of funds and skilled personnel obstruct implementation.
The global medical document management system 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.
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.
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.
By Delivery Model
Frequently Asked Questions (FAQ) :
Rising patient pool and expanding healthcare sector are the key factors driving the medical document management systems market.
Data privacy concerns may limit the medical document management systems market growth.
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.