The global medical document management system market is anticipated to grow at a significant CAGR of 11.6% during the forecast period (2022-2028). The globally medical document management system market is growing due to the increasing hospitalization cases globally. The improvement in the healthcare sector, increasing adoption of electronic devices to maintain health records, and increased government funding for technological advancement are some of the prominent factors driving the growth of the market. The adoption of active and assisted living solutions and services, such as telehealth, telecare, telemedicine, telecoaching, and mHealth is also boosting the growth of the market. The acceptance of digital healthcare tools by medical professionals owing to improved efficiency and safety is also considered a growth factor for the market. According to a survey conducted by the American Medical Association in 2019, tele-visits or virtual visit adoption increased to 28%, remote monitoring and management adoption grew to 22%, and remote monitoring efficiency adoption grew to 37% in the US. Additionally, the trust in hospitals and doctors by the patients to keep digital healthcare information security is increasing, which is further boosting the growth of the global medical document management system market. According to a survey conducted by Accenture in 2019, 89% of healthcare consumers trusted their doctor or other providers “very much” or “some” to keep their digital healthcare information.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In February 2021, GRM Information Management launched the newest version of its medical release of information solution, a cloud-based enterprise content management platform.
- In December 2020, PENTAX Medical launches the new endoPRO 20|20 software, a distinctive endoscopy image management and patient data analysis system that provide efficiency-focused workflow enhancements.
- In October 2020, Registrar Corp. launched the new document management system add-on to the USFDA Compliance Monitor, making the Monitor the only complete solution for supplier monitoring and document management.
- In January 2020, Imprint announced the launch of EmprintWeb, a powerful system that digitally governs healthcare forms.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type of Delivery Mode
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– 3M, McKesson Corp., Toshiba International Corp., Cerner Corp., and Siemens Healthcare GmbH, among others
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Global Medical Document Management System Market Report by Segment
By Type of Delivery Mode
- On-Premise
- Cloud-Based
- Web-Based
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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