Certain factors that are driving the market growth include rising adoption of healthcare IT and the need for medical records retention and government initiatives. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. The medical document management systems market is expected to witness a CAGR of 13.5% during the forecast period. Europe Medical Document Management Market is poised to reach USD 141.26 million by 2024. However, the cost of installing and maintaining the devices is a little high, and this is quietly hampering the demand of the market. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC), 5.1.2 Medical Document Management Solutions Market, 5.1.2.1 Standalone Medical Document Management Solution, 5.1.2.1.1 Medical Record Scanning Software, 5.1.2.1.2 Electronic Medical Document Management Software, 5.1.2.2 Integrated Medical Document Management Solution, 5.1.3 Medical Document Management Services Market, 5.1.3.1 Documents Scanning And Management Services, 5.1.3.2.1 Implementation And Integration Services, 5.1.3.2.2 Maintenance, Support & Optimization Services, 5.1.5 Market Attractiveness Analysis, By Product, 5.2.5 Y-o-Y Growth Analysis, By Mode Of Delivery, 5.2.6 Market Attractiveness Analysis, By Mode Of Delivery, 5.2.7 Market Share Analysis, By Mode Of Delivery, 5.3.4 Admission And Registration Documents Management, 5.3.5 Patient Billing Documents Management, 5.3.6 Y-o-Y Growth Analysis, By Application, 5.3.7 Market Attractiveness Analysis, By Application, 5.3.8 Market Share Analysis, By Application, 5.4.3 Nursing Homes/ Assisted Living Facilities/ Long Term Care Centers, 5.4.6 Y-o-Y Growth Analysis, By End-Users, 5.4.7 Market Attractiveness Analysis, By End-Users, 5.4.8 Market Share Analysis, By End-Users, 7.2.4 Threat of Substitute Products and Services, 7.2.5 Competitive Rivalry within the Industry, 8.9 Nextgen Healthcare Information Systems, Llc, 9.3 Agreements, collaborations and Joint Ventures, 10. Besides, growing investments in the launch of new systems with the latest technology are leveling up the market's growth. for the forecast years. An absolute competitive Medical Document Management Systems market scenario, product lifecycle analysis, manufacturers strength map, threats, challenges, and PESTLE analysis is carried out. A wide-ranging analysis of the drivers and restraints along with deep-diving insights into the trend and opportunities affecting the ⦠The global Medical Document Management Systems market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. The rise in the number of patients visiting hospitals due to various health disorders across the world is a significant factor propelling the demand for the medical document management market. Also, cloud-based technology has an immense role in every application, which accelerates the need of the market. It is likely to spur the growth rate of the market eventually. The report serves as a prototype of the highly functional Medical Document Management Systems industry. With advanced technology, the systems are being developed with the latest versions and are becoming more flexible. These systems will have control over reviewing and approving documents by clearly identifying before release. The Asia Pacific is accounted for in having the fastest growth rate from the past decade and is anticipated to continue the same flow in foreseen years. The Medical Document Management Systems Market is segmented by Product (Solutions, Services), Application, Mode of Delivery, End Users, and Geography. Medical Document Management Market - By Region. North America is witnessed in holding the market's highest shares by owing to rising economic strength in almost every country. This research report on the global medical document management market has been segmented and sub-segmented based on the application, type, mode of delivery, end-user, and region. The Medical Document Management Systems market value, volume, important regions or countries and past scenarios are also offered. The installation cost for these systems is lower than the on-premises systems. Asia Pacific Medical Document Management Market is poised to reach USD 114 million by 2024. Europe Medical Document Management Market. Click here. Therefore, there has been an increasing adoption of health information management systems, such as electronic medical record (EMR), health information management (HIM), radiology information system (RIS), and picture archiving and communication system (PACS), which has also helped in the growth of the medical electronic document management systems market. In Europe, Germany, France, and the U.K. hold major shares in the medical document management systems market. . Growing geriatric population and escalating expenditure on healthcare are two main attributes leveraging the demand of this market. Market Outlook and Investment Opportunities, Please wait. Most of the healthcare organizations with document management system prefer on-premise software due to its capability of ⦠Admission and Registration Documents Management. North America dominated the medical document management systems market, owing to the well-developed and established healthcare industry and higher penetration rate of such systems into healthcare practices. Based on application, the medical document management systems market is classified into patient medical records management, image management, admission and registration documents management, and patient billing documents management. Your Details are Submited Successfully...!! Global Medical Document Management Systems Market Report 2020 - Industry Analysis Size Share Trends Segment and Forecasts to 2025 (Based on 2020 COVID-19 Analysis) The document scanning software segment is holding the highest shares of the market. The global medical document management systems market size is expected to reach USD 0.63 billion by 2025, according to a new report by Grand View Research, Inc. Medical document scanning or medical document imaging management; The shift from paper-based transactions shifting to electronic mediums is driving the growth of the medical document management market, and the report predicts high growth for the cloud-based segment. The global medical document management systems market size is expected to reach USD 0.63 billion by 2025 The global market is estimated to register a CAGR of ⦠Global Medical Document Management Systems Market Size, Status and Forecast 2019-2025 has complete details about market of Medical Document Management Systems industry, Medical Document Management Systems analysis and current trends. Increasing support from government and non-government organizations in health care centers and installing the latest equipment at any cost is solely to set up growth opportunities for the market. North America Medical Document Management Market is poised to reach USD 223.05 million by 2024. The global market is estimated to register a CAGR of 10.2% during the forecast period. The global medical document management systems market is segmented on the basis of product, applications, mode of delivery, end user, and region. The surge in healthcare spending and the rise in concern towards health among individuals is fueling the demand for the medical document management market. Global Medical Document Management Systems Market to reach USD 700 million by 2025. The global Medical Document Management Systems market is comprehensively analyzed in the report with the main objective of providing accurate market data and useful recommendations to ⦠. It also includes Medical Document Management System Market Size, Revenue, Share, Industry Growth Rate, and Revenue. Medical document management system market is segmented into on-premises, web-based, and cloud-based on the basis of mode of delivery. Countries analysis of Latin America detailed in this report are Brazil, Argentina, Chile and Rest of Latin America. The medical document management systems market in Asia is also expected to exhibit high growth during the next five years. Ltd., June 29, 2020 (Wired Release) The Medical Document Management Systems Market research provides a brief analysis comprising both primary and secondary research. Medical documents are related to the medical history of a patient which describes any disease condition and allergies. Countries of North America analyzed in this report are US, Canada, Mexico and Rest of North America. Report scope can be customized per your requirements. Medical Document Management Market - By Type. Rise in the complications and system failure cases in real-time applications remains a challenging factor for the market developers. In the United States, the administrative costs for hospitals and healthcare clinics constitute more than 25% of the total expenditure. We are monitoring the impact of COVID-19 on Medical Document Management Market ⦠Some of the key players included in the global medical document management market are McKesson Corporation (U.S.), Toshiba Medical Systems Corporation (Japan), Cerner Corporation (U.S.), Kofax Ltd. (U.S.), EPIC Systems (U.S.), 3M Company (U.S.), Siemens Medical Solutions USA, Inc. (U.S.), GE Healthcare (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), and Hyland Software (U.S.). This factor is also anticipated to boost the growth of the market. The report provides the perception of all the key factors somehow affecting Medical Document Management Systems Market. The global document management system market was valued at USD 4.89 billion in 2019, and it is expected to reach USD 10.17 billion by 2025, registering a CAGR of 13.04% during the period of 2020-2025. The market is primarily driven by the demand for efficient data management tools in healthcare settings. It also ensures whether the documents are legible and identifiable. Identification of key drivers, restraints, opportunities and challenges, Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive, Study the micro environment factors that determine the overall profitability of an Industry, using, Expertly devised analyst overview along with. The size of the global medical document management market is to reach USD 555.19 million by 2025, from USD 292.17 million in 2020. . Companies, like 3M, Allscripts Healthcare Solutions Inc., Cerner Corporation, Hyland Software Inc., Kofax Ltd, McKesson, Nextgen Healthcare Information Systems LLC, and Siemens AG, among others, hold a substantial share in the market studied. Moreover, in order to address the data security issues, several regulations have been established by government agencies, which mandate the life sciences organizations to implement several controls over their electronic signatures (ERES) and electronic records to ensure the authenticity, integrity, and confidentiality of clinical data. Global Medical Document Management Systems Market valued approximately USD 295 million in 2016 is forecasted to grow with a healthy growth rate of more than 10.07% over the forecast period 2018-2025. Countries analyzed in this report are KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA. It will also help in finding changes and revisions to maintain systematic workflow. To have proper treatment in an emergency case, these systems are highly efficient for the doctors to track the patient's complete health records. The shortage of skilled persons in analyzing the data acquired from the systems is also inhibiting the medical document management market's growth rate. The Medical Document Management System Market Report presents emerging trends and market dynamics regarding drivers, opportunities, and challenges. A comprehensive document in itself, the Medical Document Management Systems Industry market research study also contains numerous other pointers such as the current industry policies in conjunction with the topographical industry layout characteristics. Electronic health records are vastly used in many end-users now-a-day, accelerating the need for the medical document management market. This has remained a major restraint for the big pharmaceutical and biotechnology companies, due to which the companies are reluctant in adopting the web- and cloud-based solutions, thereby restraining the growth of the market. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. Medical document management systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipmentâs, installed base of different kind of products for medical document management systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical document management systems market. Growing incidences of cancer and cardiovascular problems are also factors fueling the demand of the market. The global medical document management systems market is estimated to be worth around $220 million in 2014 and grow at a CAGR of 13%-14% during the forecast period of 2014 to 2019. Medical document management systems allow medical institutes to maintain and organize electronic medical records. Since last decade, medical documents are managed in the digital form which enables the ⦠The report "Medical Document Management Systems Market by Solution (Document Scanning Software, Document Management Software), Application (Medical Records Management), Mode of Delivery (Web-Based, Cloud-Based), & by End-User (Hospitals) - Global Forecasts to 2019" The global Medical Document Management Systems Market is estimated to be worth around $220 Million in ⦠Based on type of product, the document management systems market is segmented into medical document management solutions and services. MARKET OPPORTUNITIES AND FUTURE TRENDS, **Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments. Moreover, this software eradicates the need for in-house maintenance, which is likely to be the prime factor driving their demand. Medical Document Management Market - By Mode of Delivery. 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