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Market Synopsis:
Global Medical Document Management Systems market is valued at USD 536.63 Million in 2021 and is projected to attain a value of USD 1223.88 Billion by 2028 at a CAGR of 12.5% during the forecast period, 2022–2028. Medical records are important documents that contain sensitive information about individual patient’s health history. It is necessary to ensure that medical records remain accurate and available so doctors can access them whenever they need them. If one can’t find the record, it might be difficult for the doctor to provide the correct treatment. A new trend has emerged in recent years of storing patients’ medical documentation on electronic database systems instead of paper filing system. The main reason behind this shift is the increased demand for mobile technologies, cloud computing and High Definition (HD) displays which require higher bandwidth than what standard printers support.
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Market Segmentation:
Global Medical Document Management Systems market is segmented by solution (document scanning software, document management software), application (medical records management), mode of delivery (web-based, cloud-based), end-user (hospitals) and region.
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Hospitals are the Largest End-User in the Medical Document Management Systems Market
Hospital is a place where a lot of changes happen. Every day, a person gets admitted to a hospital for one or another issue, thus being in hospital means different doctors to diagnose and treat the patient from time to time. In this process various documents have to be sent from one department/doctor to another, which involves paper work. In today’s world where everything has become computerized, hospitals also do prefer to use electronic mediums in order to handle their day-to-day operations. One such electronic medium is Medical Document Management Systems.
Key Players:
3M Company (U.S.), McKesson Corporation (U.S.), GE Healthcare (U.S.), Siemens Medical Solutions USA, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Toshiba Medical systems Corporation (Japan), Kofax Ltd. (U.S.), Hyland Software (U.S.), and EPIC Systems (U.S.).
About the Authors:
Vantage Market Research is a firm dedicated to delivering high-quality data and market research. The firm offers quantitative, high-quality B2B research on over 20,000 emerging markets. The firm provides in-depth reports on a variety of industries, including chemical materials and energy, food and drinks, healthcare, technology, and so on. Every year, the organisation adds more than 1,100 market research papers to its huge database, which employs over 125 analysts and consultants. The company’s customer includes 70% of the Fortune 500 corporations in the world.
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