Global Medical Document Management Systems Market is valued USD 295 million in 2016 is anticipated to grow USD 700 million with the compounded annual growth of 10.07% over the forecast period 2018-2025.

New York 18 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Medical Document Management Systems market industry is poised to raise USD 700 million by 2025. The major factors expected to augment the market are escalating requirements for connected healthcare, grown usage of connected medical devices and smartphones, need for efficient data management tools in healthcare environments, and the increasing need to create a paperless setting while lessening the number of errors. Medical document management software helps contract nurses and other healthcare providers manage HIPAA compliance while cutting out paperwork.

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Global Medical Document Management Systems Market Size Study, By Mode of Delivery (Cloud-based, On-premise, and Web-based), By Product (Services, and Solutions), By End-user (Nursing Homes, Hospitals, Insurance Providers and Others), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025

The industry is seeming to be fairly competitive. Some of the leading market players include Cerner Corporation, 3M Company; Nextgen Healthcare Information Systems, Allscripts Healthcare Solutions, Inc., EPIC Systems Corporation, Athena Health Inc., Siemens AG; Kofax Ltd., GE Healthcare, Fujifilm Holding Corporation, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.

Key findings of the study:

  • The North American region accounted for the leading market share, more than XX % of the total market in 2016.
  • The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025

Bizwit Research & Consulting LLP has considered following segments for the study:

By Mode of Delivery:

  • Cloud-based
  • On-Premises
  • Web-based

By Product:

  • Services
    • Support Services
    • Medical Planning and Management Services
  • Solutions
    • Integrated
    • Standalone
  • Others

By End-User:

  • Nursing Homes
  • Hospitals
  • Insurance Providers
  • Others

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

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