Pune, India -- (SBWIRE) -- 08/23/2018 -- Global Medical Document Management Systems Market By Product(Medical Document Management Solutions, Medical Document Management Services ), Mode of Delivery (On-premise, Cloud Based, Web Based), Application (Patient Medical Records Management, Image Management, Admission And Registration Documents Management, Patient Billing Documents Management), End Users (Insurance Providers, Hospitals & Clinics, Nursing Homes, Other Health Care Institutions), Geography (South America, North America, Europe, Middle East & Africa, Asia-Pacific) – Industry Trends and Forecast to 2025
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The Global Medical Document Management Systems Market is expected to reach USD 908.36 million by 2025, from USD 329.83 million in 2017 growing at a CAGR of 13.50% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Segmentation:
- Based on product the Global Medical Document Management Systems Market is segmented into Medical Document Management Solutions and Medical Document Management Services.
- Based on mode of delivery the Global Medical Document Management Systems Market is segmented into On-premise, Cloud Based and Web Based.
- On the basis of application the Global Medical Document Management Systems Market is segmented into Patient Medical Records Management, Image Management, Admission And Registration Documents Management and Patient Billing Documents Management
- On the basis of end users the Global Medical Document Management Systems Market is segmented into Insurance Providers, Hospitals & Clinics, Nursing Homes and Other Health Care Institutions
- Based on geography the Global Medical Document Management Systems Market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Major Market Drivers and Restraints:
- Increasing various illnesses and disabilities.
- Rising in number of accidents.
- Increasing geriatric population.
- Management of the vast information content.
- Difficulty in integration of document management systems
- Lower adoption rate.
Key Developments in the Market:
- February 2017, Barron Associates' VOTA software system for practice of simulated activities of daily living in upper extremity rehabilitation has received FDA clearance as a Class II medical device under Classification Product Code LXJ.
- January 2017, Arterys (San Francisco) based on cloud-based medical imaging software received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market its Arterys Cardio DLcloud.
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Competitive Analysis
The Global Medical Document Management Systems Market is highly fragmented and the major players have used various strategies such as product launches, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Continuous Manufacturing market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players
Some of the major players operating in the Global Medical Document Management Systems Market are McKesson Corporation, GE Healthcare, Allscripts Healthcare Solutions, Epic Systems Corporation, CANON MEDICAL SYSTEMS CORPORATION, Hyland Software, Inc., McKesson Corporation, Siemens Medical Solutions USA, Inc., 3M, Kofax Inc., Billing Dynamix, CLINICIENT, Optima Healthcare Solutions, MerlinWave, , Inc., PT Billing Solutions, Saner Software, among others.
Reasons to Purchase this Report
- Current and future of Global Medical Document Management Systems Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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