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14% CAGR for Medical Document Management Systems Market to 2020

Press Release   •   Oct 03, 2016 17:48 EDT

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 forecast period of 2014 to 2019. This market is mainly driven by need for regulatory compliance, improved patient care & cost containment in healthcare, and accurate, secure, & fast systems to manage critical information. Moreover, paperless environment created by document management systems results in a streamlined workflow, thus increasing the operational efficiency of healthcare organizations.

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Medical document management systems market is segmented on basis of product, applications, mode of delivery, end user, and region. Based on type of product, document management systems market is segmented into medical document management solutions and services. Medical document management solutions market is divided into standalone and integrated solutions. Standalone solutions cover document-scanning software & electronic document management software.

This research report categorizes the medical document management market into the following segments:

  • Global Medical Document Management Market, By Products
  • Standalone Medical Document Management Solutions
  • Document Scanning Software
  • Electronic Document Management Software
  • Integrated Medical document Management Solutions
  • Medical Record Scanning and Management Services
  • Product Support Services
  • Implementation & Integration Services
  • Maintenance, Support, and Optimization Services
  • Training & Education Services

Global Medical Document Management Market, By Applications

  • Patient Medical Records Management
  • Admission & Registration Document Management
  • Patient Billing Documents Management

On basis of application, market is classified into patient medical records management, admission & registration documents management, & patient billing documents management. On basis of mode of delivery, market is classified into on-premise model, web-based solutions, and cloud-based model. By end user, the market segmentation includes hospitals & clinics, nursing homes/assisted-living facilities/long-term care centers, healthcare payers, and other health systems.


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Geographically, North America dominates market, mainly due to presence of regulations such as HIPPA and ARRA. Factors such as need for cost containment in healthcare and to improve patient care are further propelling market growth in this region.

There are number of small and mid-size players specialized in this market which intensifies competition and thus poses a challenge to big players and new entrants. In order to increase their market share, mid-size and small players are continuously upgrading existing products and launching new ones, while big players are acquiring small firms to expand and strengthen their product portfolios.

Key market players are

McKesson Corporation (U.S.), 3M Company (U.S.), Siemens Medical Solutions USA, Inc. (U.S.), GE Healthcare (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Toshiba Medical systems Corporation (Japan), Cerner Corporation (U.S.), Kofax Ltd. (U.S.), EPIC Systems (U.S.), and Hyland Software (U.S.).

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The integrated medical document management solutions form the major portion of the medical document management solutions market. This is due to the increasing need of integration of document management systems with other systems such as EHR, PACS, RIS, and practice management systems to increase the clinical efficiency and provide improved patient care.

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