The latest research study “Medical Document Management Systems Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global medical document management systems market size reached a value of US$ 489.32 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 997.83 Million by 2027, exhibiting a CAGR of 12.10% during 2022-2027.
Medical document management systems (DMS) refer to advanced software designed to track, manage, and store digital medical documents. They provide an easy-to-use interface that helps manage medical records, streamlines workflow, and facilitates an efficient data flow between laboratories and other departments. They also assist in minimizing paper usage, reducing overall costs, enhancing patient care quality, and improving productivity by enabling faster access to documents and quicker processing with minimum errors. As a result, medical DMS are widely used across hospitals, clinics, nursing homes, and insurance companies.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Medical Document Management Systems Market Trends and Drivers:
The global medical document management systems market is primarily driven by the widespread adoption of healthcare information technology (IT) and the growing need for medical records retention.
Additionally, there has been a significant shift toward converting medical documents to a digital format since paper records can be easily lost, misplaced, or destroyed in an accident. In line with this, the rising usage of medical DMS to reduce data retrieval time and physical effort has augmented the product demand.
Furthermore, the increasing utilization of electronic health records (EHR) and the surging need to comply with government regulations have accelerated the product adoption rate. Other factors, including the expanding patient pool, rapid automation and digitization in the healthcare sector, rising prevalence of chronic diseases, and escalating demand for efficient data management tools, are also anticipated to propel the market growth.
|Medical Document Management Systems Market Report Scope|
|Market size value in 2021||US$ 489.32 Million|
|Market forecast in 2027||US$ 997.83 Million|
|Growth Rate||CAGR of 12.10% from 2022 to 2027|
|Base year for estimation||2021|
Global Medical Document Management Systems Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, Epic Systems Corporation, General Electric Company, Hyland Software Inc., Kofax Inc., McKesson Corporation, Nextgen Healthcare Inc., Siemens Aktiengesellschaft and Toshiba Corporation.
The report has segmented the market on the basis of region product, mode of delivery, application and end user.
Breakup by Product:
Breakup by Mode of Delivery:
- Web-based and Cloud-based
Market Breakup by Application:
- Patient Medical Records Management
- Admission and Registration Documents Management
- Patient Billing Documents Management
Breakup by End User:
- Hospitals and Clinics
- Insurance Providers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.