Medical Document Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Document Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global medical document management systems market size reached US$ 551.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,111.7 Million by 2028, exhibiting a growth rate (CAGR) of 11.9% during 2023-2028.

A medical document management system (DMS) tracks, manages, and stores documents and aids in the reduction of paper usage. It assists in streamlining the billing process and coordinating the flow of information between laboratories and other departments. It enhances productivity by providing fast access to documents and allowing quick processing with minimum errors. As a result, medical DMS finds extensive applications in hospitals, clinics, nursing homes, and insurance agencies around the world.

Medical Document Management Systems Market Trends:



There is presently a considerable rise in the number of patients visiting hospitals on account of the increasing prevalence of chronic diseases worldwide. This represents one of the key factors stimulating the growth of the market. Moreover, paper medical records can be easily misplaced or destroyed in a fire, flood, or natural disaster. Converting medical documents to a digital format helps develop a more efficient document workflow irrespective of the size of the project or the type of files being converted. Besides this, physically retrieving paper documents from archives and delivering them to different departments is time-consuming. However, using digitized medical DMS decreases retrieval time with no physical effort. This, in confluence with the rising automation and digitalization in the healthcare industry, is strengthening the growth of the market. Furthermore, there is an increase in the use of electronic health records (EHRs), which are real-time, patient-centered records that make information available instantly and securely to authorized users. These records include clinical data, such as demographics, progress notes, problems, medications, vital signs, past medical history, immunizations, laboratory data, and radiology reports. This, coupled with the rising adoption of health management information systems (HMIS), is impelling the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global medical document management systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, mode of delivery, application and end user.

Breakup by Product:

Solution

Services

Breakup by Mode of Delivery:

Web-based and Cloud-based

On-premises

Breakup by Application:

Patient Medical Records Management

Admission and Registration Documents Management

Patient Billing Documents Management

Others

Breakup by End User:

Hospitals and Clinics

Insurance Providers

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, Epic Systems Corporation, General Electric Company, Hyland Software Inc., Kofax Inc., McKesson Corporation, Nextgen Healthcare Inc., Siemens Aktiengesellschaft and Toshiba Corporation.

Key Questions Answered in This Report

1. What was the size of the global medical document management systems market in 2022?

2. What is the expected growth rate of the global medical document management systems market during 2023-2028?

3. What has been the impact of COVID-19 on the global medical document management systems market?

4. What are the key factors driving the global medical document management systems market?

5. What is the breakup of the global medical document management systems market based on the product?

6. What is the breakup of the global medical document management systems market based on the mode of delivery?

7. What is the breakup of the global medical document management systems market based on application?

8. What is the breakup of the global medical document management systems market based on the end user?

9. What are the key regions in the global medical document management systems market?

10. Who are the key players/companies in the global medical document management systems market?


1 Preface
2 Scope and Methodology
  2.1 Objectives of the Study
  2.2 Stakeholders
  2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
  2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
  2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
  4.1 Overview
  4.2 Key Industry Trends
5 Global Medical Document Management Systems Market
  5.1 Market Overview
  5.2 Market Performance
  5.3 Impact of COVID-19
  5.4 Market Forecast
6 Market Breakup by Product
  6.1 Solution
6.1.1 Market Trends
6.1.2 Market Forecast
  6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Mode of Delivery
  7.1 Web-based and Cloud-based
7.1.1 Market Trends
7.1.2 Market Forecast
  7.2 On-premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
  8.1 Patient Medical Records Management
8.1.1 Market Trends
8.1.2 Market Forecast
  8.2 Admission and Registration Documents Management
8.2.1 Market Trends
8.2.2 Market Forecast
  8.3 Patient Billing Documents Management
8.3.1 Market Trends
8.3.2 Market Forecast
  8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End User
  9.1 Hospitals and Clinics
9.1.1 Market Trends
9.1.2 Market Forecast
  9.2 Insurance Providers
9.2.1 Market Trends
9.2.2 Market Forecast
  9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
  10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
  10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
  10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
  10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
  10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
  11.1 Overview
  11.2 Strengths
  11.3 Weaknesses
  11.4 Opportunities
  11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
  13.1 Overview
  13.2 Bargaining Power of Buyers
  13.3 Bargaining Power of Suppliers
  13.4 Degree of Competition
  13.5 Threat of New Entrants
  13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
  15.1 Market Structure
  15.2 Key Players
  15.3 Profiles of Key Players
15.3.1 3M Company
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Allscripts Healthcare Solutions Inc. 
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Athenahealth Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Cerner Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Epic Systems Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 General Electric Company
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Hyland Software Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Kofax Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 McKesson Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Nextgen Healthcare Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Siemens Aktiengesellschaft
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Toshiba Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis

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