Unexpected growth seen in “Global Medical Document Management Market” as it may reach $789.9 million up to 2022
According KMI Research, the Global Medical Document Management Market is accounted for $286.6 million in 2017 and expected grow at a CAGR of 15.5% reach $789.9 million by 2022.
(EMAILWIRE.COM, April 04, 2018 ) 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 streamline billing systems are driving the market growth. However, reluctance of physicians, nurses and other medical staff 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 tan electronic format can help healthcare entities harness the exploding amount of information and faster access, retrieval and distribution of patient information.
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. 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.
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.
Download PDF brochure@ http://www.kminsights.com/request-sample-168779
About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
Download PDF brochure@ http://www.kminsights.com/request-sample-168779
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 tan electronic format can help healthcare entities harness the exploding amount of information and faster access, retrieval and distribution of patient information.
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. 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.
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.
Download PDF brochure@ http://www.kminsights.com/request-sample-168779
About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
Contact Information:
Key Market Insights
sambit kumar
Tel: 8007533694
Email us
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Key Market Insights
sambit kumar
Tel: 8007533694
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results