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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. This market is mainly driven by the need for regulatory compliance, improved patient care and cost containment in healthcare, and accurate, secure, & fast systems to manage critical information. Moreover, the paperless environment created by document management systems results in a streamlined workflow, thus increasing the operational efficiency of healthcare organizations. However, the high cost of implementation and maintenance of these systems, and the reluctance by healthcare professionals to change their traditional methods is expected to restrain the growth of this market to a certain extent.<br><br>The global medical document management systems market is segmented on the basis of product, applications, mode of delivery, end user, and region. Based on type of product, the document management systems market is segmented into medical document management solutions and services. The medical document management solutions market is divided into standalone and integrated solutions. Standalone solutions cover document-scanning software and electronic document management software. Likewise, the document management services market is subdivided into document scanning and management services and product support services, such as implementation and integration services, support, maintenance & optimization services, and education & training services. On the basis of application, the market is classified into patient medical records management, admission & registration documents management, and patient billing documents management. On the basis of mode of delivery, the 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.<br><br>The medical document management systems market is further divided into four major regions - North America, Europe, Asia-Pacific, and the Rest of the World (RoW). A country-wise analysis of these regions is also being done for this market. The report discusses key market drivers, restraints, challenges for market players, and the opportunities and trends in the global market.
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MarketsandMarkets Presents Medical Document Management Systems Market worth $424.5 Million by 2019 https://www.marketsandmarkets.com/Market-Reports/medical-document-management-systems-market-191026305.html
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 Medical document management systems have gained remarkable importance in the healthcare industry over the past few years. The global Medical Document Management Systems Market is estimated to be worth around $220 Million in 2014 and $424.5 Million by 2019. The medical document management systems market is poised to grow at a 13% - 14% CAGR during the next five years, driven by factors such as the need to reduce healthcare costs, ensure regulatory compliance, and improve clinical efficiency and patient care. The market has reaped significant opportunities from the healthcare sector, mainly because of this sector’s paper-intensive nature, and its need for efficient management of information while ensuring security and privacy. https://www.marketsandmarkets.com/Market-Reports/medical-document-management-systems-market-191026305.html
The global Medical Document Management Systems Market is estimated to be worth around $220 Million in 2014 and $424.5 Million by 2019, at a CAGR of 13%-14% during the forecast period of 2014 to 2019. https://www.marketsandmarkets.com/Market-Reports/medical-document-management-systems-market-191026305.html
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. This market is mainly driven by the need for regulatory compliance, improved patient care and cost containment in healthcare, and accurate, secure, & fast systems to manage critical information. Moreover, the paperless environment created by document management systems results in a streamlined workflow, thus increasing the operational efficiency of healthcare organizations. However, the high cost of implementation and maintenance of these systems, and the reluctance by healthcare professionals to change their traditional methods is expected to restrain the growth of this market to a certain extent. http://www.marketsandmarkets.com/Market-Reports/ablation-devices-market-791.html
The global medical document management systems market is segmented on the basis of product, applications, mode of delivery, end user, and region. Based on type of product, the document management systems market is segmented into medical document management solutions and services. The medical document management solutions market is divided into standalone and integrated solutions. Standalone solutions cover document-scanning software and electronic document management software. Likewise, the document management services market is subdivided into document scanning and management services and product support services, such as implementation and integration services, support, maintenance & optimization services, and education & training services. On the basis of application, the market is classified into patient medical records management, admission & registration documents management, and patient billing documents management. On the basis of mode of delivery, the 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. https://www.marketsandmarkets.com/Market-Reports/medical-document-management-systems-market-191026305.html
Prominent players in the medical document management systems market include 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.). https://www.marketsandmarkets.com/Market-Reports/medical-document-management-systems-market-191026305.html
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