A recent report published by Infinium Global Research on medical document management systems market provides in depth analysis of segments and sub-segments in global as well as regional medical document management systems market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional medical document management systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical document management systems market. According to report the global medical document management systems market is projected to grow at a CAGR of 14.5% over the forecast period of 2017-2023.
The report on medical document management systems market covers detailed analysis of market size and trends of digital document management systems (DMS). DMS are computer based systems that store patient information digitally; thereby eliminating paper based manual processes in health care organizations. These systems provide information about patient and help to maintain the record of their medical history. These systems assist medical staff in making effective decisions about the treatment and hospitalization process for the patients. Furthermore, Medical DMS help healthcare organizations to automate patient’s information such as admission card, insurance card, insurance claims, invoices, and laboratory results.
Figure 1: Global Medical Document Management Systems Market by Value 2017-2023
Need for digitization and automation in healthcare sector, rising number of medical facilities and increasing number of patient being treated due to which lots of data is being generated are considered to be the prime factors driving the growth of this market. Furthermore, increasing requirement for cost effective healthcare systems and implementation of regulatory compliances such as HIPPA in healthcare systems are further supporting the growth of medical DMS market. One of the key restraints of medical document management systems market is high implementation cost of these systems and reluctance of healthcare staff to adopt new methods of document management system. Furthermore, Technological advancement coupled with need for digitization is anticipated to bring several opportunities to this market for major player and new entrant over the forecast period.
The report on global medical document management systems market covers segments such as, product type, solution, mode of delivery and end-users. On the basis of product type the global medical document management systems market is categorized into HER, EMAR and payroll management. On the basis of solution the global medical document management systems market is categorized into talent management, time & attendance, scheduling and optimization services. On the basis of mode of delivery the global medical document management systems market is categorized into web based, on premises and cloud based. On the basis of end-users the global medical document management systems market is categorized into nursing homes, home health agencies, assisted living facilities and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.
Figure 2: Global Medical Document Management Systems Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017-2023.
The report provides profiles of the companies in the global medical document management systems market such as, Becton Dickinson and Company, McKesson Corporation, 3M Company, Siemens Medical Solutions USA, Inc., GE Healthcare, Allscripts Healthcare Solutions, Inc., Toshiba Medical systems Corporation, Cerner Corporation, Kofax and Others.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global medical document management systems market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical document management systems market. Moreover, the study highlights current market trends and provides forecast from 2017-2023. We also have highlighted future trends in the medical document management systems market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the medical document management systems market to understand the present and future trends in this market and formulate their strategies accordingly.
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