Medical Document Management Systems Market worth $424.5 Million by 2019

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MarketsandMarkets Presents
Medical Document Management Systems Market worth
424.5 Million by 2019
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The report "Medical Document Management Systems
Market by Solution (Document Scanning Software,
Document Management Software), Application
(Medical Records Management), Mode of Delivery
(Web-Based, Cloud-Based), by End-User
(Hospitals) - Global Forecasts to 2019" The
global Medical Document Management Systems Market
is estimated to be worth around 220 Million in
2014 and 424.5 Million by 2019, at a CAGR of
13-14 during the forecast period of 2014 to
2019. Browse 187 market data tables and 39
figures spread through 200 pages and in-depth TOC
on Medical Document Management Systems Market by
Solution (Document Scanning Software, Document
Management Software), Application (Medical
Records Management), Mode of Delivery (Web-Based,
Cloud-Based), by End-User (Hospitals) - Global
Forecasts to 2019 http//www.marketsandmarkets.c
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• The medical document management systems market
  recorded a healthy growth rate during the last
  few years, primarily attributed to the need for
  digitization and automation in the healthcare
  sector, rising need to comply with regulations
  and laws to avoid penalties, and the need to
  improve the quality of healthcare and increase
  clinical efficiency.

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• Government initiatives and funding to bring
  e-Health to the healthcare sector across the
  globe has driven the adoption of EMR systems and
  other healthcare IT systems. All these systems
  necessitate the deployment of document management
  systems to streamline the workflow and manage
  business processes.

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• Moreover, factors such as the need to curtail
  healthcare delivery costs and create a paperless
  environment to reduce medical errors are expected
  to drive this market in the coming years. Other
  factors are the increasing number of
  multi-specialty hospitals, modernization in
  healthcare, and improved clinical studies through
  computerized patient case notes. However, the
  large number of players in this market and
  difficulties in integration of document
  management systems with other existing IT systems
  are posing a big challenge to market growth.

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• In this report, the market is segmented by
  products, applications, modes of delivery, end
  users, and region. The report also discusses the
  key market drivers and restraints of, and the
  opportunities and trends in, this market and its
  submarkets. The market is expected to grow at a
  double-digit CAGR from 2014 to 2019.

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• In 2013, North America was the major market
  for medical document management systems, followed
  by Europe, and Asia-Pacific. Highly developed
  healthcare IT infrastructure, number of
  healthcare reforms and advent of new
  technologies, and favorable regulatory compliance
  in the North American and European region has led
  to the major contribution of these regions to the
  global medical document management market.
  However, the growth opportunities for this market
  are highest in the Asia-Pacific and RoW regions.
  The APAC market is expected to grow at a highest
  CAGR during the forecast period.

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• Prominent players in the medical document
  management systems market include McKesson
  Corporation (U.S.), 3M Company (U.S.), Siemens
  Medical Solutions USA, Inc. (U.S.), GE Healthcare
  (U.S.), Allscripts Healthcare Solutions, Inc.
  (U.S.), Toshiba Medical systems Corporation
  (Japan), Cerner Corporation (U.S.), Kofax Ltd
  (U.S.), EPIC systems (U.S.), and Hyland Software
  (U.S.).

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