Medical Document Management System Market Report, Size, Share, Analysis 2017 and Forecast to 2023

Wed Oct 11, 2017 - 11:30pm UTC

According to Stratistics MRC,the Global Medical Document Management Systems Market is accounted for $286.6 million in 2016 and expected to grow at a CAGR of 15.5% to reach $789.9 million by 2023.

Gaithersburg, Maryland, United States – October 11, 2017

The Factors such as demand for advanced monitoring systems for patients in hospitals and clinics, increase in spending on healthcare BI and analytics solutions and growing need to streamline billing systems are driving the market growth. However, reluctance of physicians, nurses and other medical staff to change their methods and high cost of implementation hampers the growth of Medical Document Management Systems market. Mobile platforms for document management systems offer new opportunities for industry players.

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The Health Care sector provides significant opportunities for Document Imaging software. Implementing document imaging technology in healthcare facilities can yield many benefits such as converting archival and working records to an electronic format can help healthcare entities harness the exploding amount of information and faster access, retrieval and distribution of patient information.

Medical practices have a lot of documentation that require maintenance, updates, and filing on a regular basis. Medical practices use a specialized EDM referred to as an Electronic Medical Records (EMR) System. For instance, 3M™ Electronic Signature Authentication (ESA) Software speeds chart completion time by allowing clinicians to view, edit and complete and electronically sign patient documents.

Hospital wide electronic document management system helps patients by streamlining billing. Bills are one of the most stressful parts of being hospitalized. The quicker and more accurately patients’ claim forms are submitted, the sooner patients can understand the billing process. 3M PFS Document Management can be integrated with 3M™ ChartScan™ Software to provide a comprehensive solution for capturing and transmitting documents from other departments, complementing the document management strategy and EHR processes. Medical Document Management Systems Software is a must-have for hospitals so that records of each patient can be stored electronically and one can quickly see through a patient’s details in just a click. It reduces the mess of paper work and cost of keeping employees for calculation work. Therefore, Medical Document Management Systems Software is felicity to hospital management and staff.

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North America dominates in terms of revenue attributing to the HIPPA and the ARRA (American Recovery and Reinvestment Act, 2009). Growing demand for software-based technologies such as OmniDocs, Nuxeo, and LogicalDOC is responsible for its large market share. However, Asia Pacific region is anticipated to be the fastest growing region during the forecast period due to increasing government initiatives to adopt e-Health, rising healthcare expenditure and development in healthcare infrastructure.

The key players in global Medical Document Management Systems market are GE Healthcare, Allscripts Healthcare Solutions, 3M Company, Siemens Medical Solutions USA, Inc, Toshiba Medical Systems Corporation, Cerner Corporation, Kofax Ltd, EPIC Systems, Hyland Software and McKesson Corporation.

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Delivery Modes Covered:
• Cloud-Based Model
• On-Premise Model
• Web-Based Solutions

Applications Covered:
• Admission And Registration Documents Management
• Image Management
• Patient Billing Documents Management
• Patient Medical Records Management

Products Covered:
• Medical Document Management Systems Services
• Medical Document Management Systems Solutions

End Users Covered:
• Nursing Homes
• Insurance Providers
• Hospitals & Clinics
• Other Health Care Institutions

Regions Covered:

North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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Organization: Stratistics Market Research Consulting Pvt Ltd

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