Medical Document Management Systems Market Overview
Medical document management systems have gained significant importance in the healthcare sector in the past few years. Medical records document management systems provide easy to use, fast to implement, and smart process systems which improve practice efficiency and lower the maintenance costs of medical records. The global Medical Document Management Systems market is expected to grow at high CAGR during the forecast period due to factors such as the need to reduce healthcare costs, ensure regulatory compliance, and improve clinical efficiency and patient care.
Furthermore, medical document management systems manage patient information and facilitate clinicians' and administrators’ decision-making in treatment and hospitalization procedures. Additionally, these systems support health care organizations to automate admission forms, insurance cards, insurance claims, invoices, and laboratory results. The rise in the need to manage the huge information content in health care systems in a cost-effective way and increase in the necessity to improve the quality of the information as well as health care are the prime factors that boost the growth of the Medical Document Management Systems market at a great extent.
On the contrary, the unwillingness of physicians, nurses, and other medical staff to change their traditional methods hinders the adoption of medical document management systems. In addition to this, the high cost of implementation and maintenance of these systems is also impacting negatively on the growth of the medical document management systems market. Apart from this, mobile platforms for document management systems create new opportunities for industry participants. Consolidation in the health care industry is also anticipated to provide notable opportunities for market growth in the forthcoming years.
Covid-19 Impact on Medical Document Management Systems Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Medical Document Management Systems Market Segment Overview
In terms of Product Type, the Medical Document Management Systems Solutions is the largest segment in the market. This segment involves patient record planning and management services and supports activities. Medical record planning and management services allow processing and storage of medical information such as lab tests and x-rays, emergency room records, and admitting information. While, support services offer all training, implementation, installation, and support maintenance services. Additionally, the growing demand for paperless data management while reducing manual errors is anticipated to boost the segment’s growth during the forecast period.
Based on the Mode of delivery, the On-premises segment has significant growth in the market. Most of the healthcare organizations with document management systems prefer on-premise software owing to its capability of securing patient data by storing it in private data centers. Additionally, high installation costs along with additional costs related to license renewal are projected to avoid the adoption of these systems in small-scale hospitals.
Medical Document Management Systems Market, By Product Type
- Medical Document Management Systems Solutions
- Medical Document Management Systems Services
- Product Support Services
- Documents Scanning and Management Services
Medical Document Management Systems Market, By Application
· Patient Medical Records Management
· Image Management
· Admission and Registration Documents Management
· Patient Billing Documents Management
Medical Document Management Systems Market, By Mode of delivery
· On-premises
· Web-based
· Cloud-based
Medical Document Management Systems Market, By End-User
· Hospitals & Clinics
· Nursing Homes
· Insurance Providers
· Other (Long Term Care Centers and Rehabilitation Centers)
Medical Document Management Systems Regional Overview
Based on the region, North America dominates the Medical Document Management Systems market. This is because of the implementation of regulations regarding health records and medical insurance. Similarly, the market in the Asia Pacific is estimated to witness rapid growth in the near future. Important factors such as rising government focus on adoption of Electronic Health Record (EHRs), modernization in the healthcare sector, and huge investments by government and private entities to adopt health care IT technologies are remarkably escalating the growth of the market in this region. Moreover, development in clinical research and studies through organized and stored patient information through document management systems is also providing various growth opportunities for the medical document management systems market in the Asia Pacific.
Medical Document Management Systems Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Medical Document Management Systems Market Competitor overview
Some key developments and strategies adopted by manufacturers in Medical Document Management Systems are highlighted below.
· In August 2021, the Delhi cabinet has cleared a budget of over ₹139 crore for its health management system, which will store the complete medical records of every Delhi resident on a cloud, data that will be accessible to doctors of their choice. The plan will initially link Delhi government-run hospitals and later bring private hospitals on board.
Medical Document Management Systems Market, Key Players
· Cerner Corporation
· 3M Company
· GE Healthcare
· Kofax Ltd.
· Nextgen Healthcare Information Systems, LLC
· Toshiba Corporation
· Allscripts Healthcare Solutions Inc.
· EPIC Systems Corporation
· Hyland Software Inc.
· McKesson Corporation
· Siemens Medical Solutions USA Inc.
List of Figures
Figure 1: Global Medical Document Management Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Medical Document Management Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Medical Document Management Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Medical Document Management Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Medical Document Management Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Medical Document Management Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Medical Document Management Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Medical Document Management Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Medical Document Management Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Medical Document Management Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Medical Document Management Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Medical Document Management Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Medical Document Management Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Medical Document Management Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Medical Document Management Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Medical Document Management Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Medical Document Management Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Medical Document Management Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Medical Document Management Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Medical Document Management Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Medical Document Management Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Medical Document Management Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Medical Document Management Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Medical Document Management Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Medical Document Management Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Medical Document Management Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Medical Document Management Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Medical Document Management Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Medical Document Management Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Medical Document Management Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Medical Document Management Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Medical Document Management Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Medical Document Management Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Medical Document Management Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Medical Document Management Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Medical Document Management Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Medical Document Management Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Medical Document Management Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Medical Document Management Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Medical Document Management Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Medical Document Management Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Medical Document Management Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Medical Document Management Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model