GLOBAL MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET TRENDS, GROWTH, COVID-19 IMPACT ANALYSIS | FORECAST PERIOD (2019-2023)
Global
Medical Document Management Systems Market Research Report: By Products
(Services, Solutions), By Application (Medical Records, Billing Records,
Admission & Registration, Others), By Delivery Model (Web-based,
Cloud-based, On-premise) and By End-user (Hospitals & Clinics, Healthcare
Providers, Nursing Homes, Insurance Agencies) – Forecast to 2023
Medical Document Management Systems Market Highlights
Medical document management
systems are software with the capacity of storing, management, and retaining of
patient documents. The changes in the healthcare sector, investments in
healthcare IT, and inflow of patients are factors discussed in detail in the global medical document management systems
market report by Market Research Future (MRFR). The COVID-19
pandemic and its impact on the market are explored as well.
Market
Scope
The global medical document
management systems market size is touted to expand at a momentous growth rate
owing to the increasing volume of data to be acquired in the coming years. The
large influx of patients, shift to electronic health records, and the
prevalence of various diseases are all main factors driving market growth.
Maintenance, continuous updates, and a bid to curb rising healthcare costs can
fuel the market demand in the coming years.
Supportive government policies
encouraging its use in the healthcare sector and a surge in interest has led to
investments and fundraising in the industry. The motive to lower human errors
in billing, regulatory compliance, and a sharp dip in reimbursement premiums
can bode well for the market.
But lack of infrastructure,
skilled personnel, and funds can hamper the market growth.
Request
Free Sample Copy at:
https://www.marketresearchfuture.com/sample_request/6578
Segmentation
The global medical document
management systems market has been segmented by product, application, delivery
model, and end-user.
By product, it is divided into
services and solutions. Solutions are expected
By application, it is segmented
into admission & registration, billing records, medical records, and
others. Medical records are predicted to garner huge revenues owing to its
ability to being assist in diagnosis and preventive care of patients.
By delivery model, it is
segmented into on-premise, cloud-based, and web-based.
By end-user, it is segmented
into insurance agencies, healthcare providers, hospitals & clinics, and
nursing homes. The healthcare providers segment is expected to be one of the
biggest end-users of the global medical document management systems market
owing to its need to lower data entry errors. The lowering of revenue losses
due to medical billing errors can support the segment growth over the forecast
period.
Regional
Analysis
Asia Pacific (APAC), Europe,
North America, and Rest-of-the-World (RW) are regions covered with respect to
the prospects of the global medical document management systems market.
North America is projected to
be highly lucrative for the market owing to establishment of healthcare
facilities, modernization of infrastructure, and shift to digital modes of
record-keeping and maintenance. Healthcare insurance programs for the public
such as Medicaid and Medicare, new coding standards for the medical industry,
and insights gleaned from consumer data can drive the global medical document
management systems market demand. Integration of analytics software to improve
patient outcomes can fuel its demand.
APAC is touted to showcase a
phenomenal growth rate during the forecast period due to a large patient pool
and need for technology to lower the burden on healthcare staff. The boom in
medical tourism, switch to electronic medical records, and subsidies for public
welfare are incentives likely to work in favor of the market.
Competition
Outlook
Kofax Ltd., Toshiba
Corporation, EPIC Systems Corporation, 3M Company, McKesson Corporation,
Nextgen Healthcare Information Systems, LLC, Allscripts Healthcare Solutions
Inc., Athena Health Inc., Hyland Software Inc., Siemens Medical Solutions USA
Inc., GE Healthcare, and Cerner Corporation are prominent names in the global
medical document management systems market.
Browse Detailed TOC with
COVID-19 Impact Analysis at:
https://www.marketresearchfuture.com/reports/medical-document-management-systems-market-6578
About
Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have
supreme objective to provide the optimum quality market research and
intelligence services to our clients.
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email:
sales@marketresearchfuture.com
Comments
Post a Comment