The global medical document management systems market reached a value of US$ 489.32 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 997.83 Million by 2027, exhibiting a CAGR of 12.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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:
How has the global medical document management systems market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global medical document management systems market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the mode of delivery?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global medical document management systems market and who are the key players?
What is the degree of competition in the industry?