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(Medical-NewsWire.com, October 18, 2017 ) According to Publisher,the Global Medical Document Management Market is accounted for $286.6 million in 2016 and expected to grow at a CAGR of 15.5% to reach $789.9 million by 2023. The Factors such as demand for advanced monitoring systems for patients in hospitals and clinics, increase in spending on healthcare BI and analytics solutions and growing need to streamline billing systems are driving the market growth. However, reluctance of physicians, nurses and other medical staff to change their methods and high cost of implementation hampers the growth of medical document management market. Mobile platforms for document management systems offer new opportunities for industry players.
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The Health Care sector provides significant opportunities for Document Imaging software. Implementing document imaging technology in healthcare facilities can yield many benefits such as converting archival and working records to an electronic format can help healthcare entities harness the exploding amount of information and faster access, retrieval and distribution of patient information.
Medical practices have a lot of documentation that require maintenance, updates, and filing on a regular basis. Medical practices use a specialized EDM referred to as an Electronic Medical Records (EMR) System. For instance, 3M™ Electronic Signature Authentication (ESA) Software speeds chart completion time by allowing clinicians to view, edit and complete and electronically sign patient documents.
Hospital wide electronic document management system helps patients by streamlining billing. Bills are one of the most stressful parts of being hospitalized. The quicker and more accurately patients' claim forms are submitted, the sooner patients can understand the billing process. 3M PFS Document Management can be integrated with 3M™ ChartScan™ Software to provide a comprehensive solution for capturing and transmitting documents from other departments, complementing the document management strategy and EHR processes. Medical Document Management Software is a must-have for hospitals so that records of each patient can be stored electronically and one can quickly see through a patient's details in just a click. It reduces the mess of paper work and cost of keeping employees for calculation work. Therefore, Medical Document Management Software is felicity to hospital management and staff.
North America dominates in terms of revenue attributing to the HIPPA and the ARRA (American Recovery and Reinvestment Act, 2009). Growing demand for software-based technologies such as OmniDocs, Nuxeo, and LogicalDOC is responsible for its large market share. However, Asia Pacific region is anticipated to be the fastest growing region during the forecast period due to increasing government initiatives to adopt e-Health, rising healthcare expenditure and development in healthcare infrastructure.
The key players in global Medical Document Management market are GE Healthcare, Allscripts Healthcare Solutions, 3M Company, Siemens Medical Solutions USA, Inc, Toshiba Medical Systems Corporation, Cerner Corporation, Kofax Ltd, EPIC Systems, Hyland Software and McKesson Corporation.
Delivery Modes Covered:
-Cloud-Based Model
-On-Premise Model
-Web-Based Solutions
Applications Covered:
-Admission And Registration Documents Management
-Image Management
-Patient Billing Documents Management
-Patient Medical Records Management
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Products Covered:
-Medical Document Management Services
-Medical Document Management Solutions
End Users Covered:
-Nursing Homes
-Insurance Providers
-Hospitals & Clinics
-Other Health Care Institutions
Regions Covered:
-North America
US
Canada
Mexico
-Europe
Germany
UK
Italy
France
Spain
Rest of Europe
-Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
-South America
Argentina
Brazil
Chile
Rest of South America
-Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
Company Profiling
11.1 GE Healthcare
11.2 Allscripts Healthcare Solutions
11.3 3M Company
11.4 Siemens Medical Solutions USA, Inc
11.5 Toshiba Medical Systems Corporation
11.6 Cerner Corporation
11.7 Kofax Ltd
11.8 EPIC Systems
11.9 Hyland Software
11.10 McKesson Corporation
For more information about this report: http://www.reportsweb.com/medical-document-management-global-market-outlook-2017-2023
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Rajat Sahni
+1-646-491-9876
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Source: EmailWire.Com 
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