The global medical document management systems market size is expected to reach USD 0.63 billion by 2025, according to a new report by Grand View Research, Inc. The global market is estimated to register a CAGR of 10.2% during the forecast period. The sector has experienced noticeable growth in the past few years owing to rising burden of paper management and storage.
Medical document management solutions such as hospital information systems, patient monitoring system, Electronic Medical Record (EMR), and e-prescribing methods facilitate managing medical records like insurance cards/claims, admission forms, invoices, and records of laboratory results. Rising need for ease of managing large amounts of healthcare data along with increasing demand for Electronic Health Record (EHR) and Clinical Trial Management System (CTMS) is expected to propel market demand.
Various government initiatives to develop healthcare IT and clinical document managing software sector globally are the key drivers of the market. For instance, the 58th World Health Assembly; where the WHO urged member states to promote EHR and health documentation and create awareness regarding the same. Apart from this, there are many region-specific initiatives that are promoting the adoption of these services. For instance, the Health Department Republic of South Africa set guidelines for healthcare IT strategy in the region.
Further key findings from the study suggest:
- Need for creating paperless environment while reducing manual errors is expected to drive market growth
- Cloud-based system is anticipated to be the fastest-growing segment over the forecast period owing to low cost of installation, implementation, and set up of these systems
- Hospitals and clinics led the end-user segment with the highest revenue share. Increasing number of hospital admissions is driving the demand for medical document management systems
- North America is the largest revenue-generating geography followed by Europe. This growth is attributed to the presence of highly-developed healthcare infrastructure and well-defined regulatory frameworks
- Asia Pacific is expected to be the fastest-growing regional market over the forecast period. Increasing government initiatives such as implementation of e-Health, huge funding for the development of infrastructure and healthcare IT would fuel the market growth in the near future
- Key players in the market are 3M Company; Allscripts Healthcare Solutions, Inc.; Athena Health Inc.; Cerner Corporation; Siemens AG; and GE Healthcare
- Several other private companies in the market are EPIC Systems Corporation; NextGen Healthcare Information Systems; and Kofax Ltd.
Access full research report on global medical document management systems market:
https://www.grandviewresearch.com/industry-analysis/medical-document-management-systems-market
Global eHealth industry is expected to reach USD 308.0 billion by 2022, according to a new report by Grand View Research Inc.
The transition of the healthcare industry into digital healthcare system for management and analysis of patient health is expected to be the most vital driver of the market.Increasing prevalence of chronic diseases, and technological advancements in this field are few impact rendering factors.
Rising use of mobile technologies and internet along with increasing adoption for home care by patients is expected to propel market growth over the forecast period.Furthermore, expanding scope of IT companies pertaining to the development of real-time applications and software catering to the healthcare industry is expected to drive demand over the forecast period.
Federal agencies such as the European Coordination Committee of the Radiological, Electromedical and Healthcare IT Industry (COCIR), in order to encourage and popularise eHealth, formulated various policies since 2007.
One of these is the eHealth Action Plan, formulated in December 2012, which includes 16 proposed actions to boost eHealth use, focused on increasing research, innovation, interoperability and adoption.The American Health Information Community (AHIC) was chartered in the U.S. to make recommendations leading to the likely development of eHealth to the Secretary of the U.S. Health Department.
Based on these recommendations, efforts are being made to increase awareness levels for currently available mobile applications and wearable remote monitoring devices.The benefits encouraging higher demand include round the clock care service, wider and faster access to patient information, reduction of administrative and medical errors, self-monitoring and management by patients and centralization of entire healthcare industry chain.Further key findings from the report suggest:The diagnostics segment of eHealth services market is expected to witness the fastest growth of above 15.0% over the next seven years owing to, the increasing number of patients with at least one chronic condition and rising prevalence of infectious diseases.
Epic EMR is a cloud-based solution used by thousands of private practices and hospitals in the United States.
It is a must-have solution for any healthcare provider.
That is why epic emr integration into your healthcare management system is mandatory.
The benefits of using it bring even more value than a healthcare provider can expect: It improves care quality: the right integration and optimization allow to coordinate work, reduce medical malpractice risks, and make doctor-patient communication transparent.
Enhanced data analytics and reporting enabling to optimize costs and treatments.
Increased productivity of medical staff because the data is easy to find and access.
AllianceTek offers Cloud-based Electronic Medical Records (EMR) Management Software & Applications solutions.
Use as Patient or Healthcare Management Software for easy, secure, accessible, and reliable storage, retrieval, and modification of patient medical records & information.
Healthcare started to adopt IT in a way that is comparable to other industries. At first, computers became responsible for standardized and easy to automate tasks. Next, came the start of analyzing vast amounts of data. In time, everything from patient records to supply-chain management were automated and systems were integrated with one another.
Today eHealth challenges include integrating innovations with existing operations, legacy systems and needs of patients and providers with digital healthcare. When developing new eHealth solutions, providers need to remember that what patients want isn’t complex.
An electronic medical record (EMR) system is "an electronic record related to data of a person that can be made, assembled, oversaw, and counseled by approved clinicians and staff inside one medical services association" can possibly give generously advantages to doctors, facility practices, and medical services associations.
These frameworks can work with the work process and improve the nature of patient consideration and patient security.
Regardless of these advantages, the boundless reception of EMRs in the United States is low; a new study demonstrated that 13 % revealed having a fundamental framework, and 4% of doctors detailed having a broad, completely practical electronic records system.Current InvestigationGenerally, the EMR seller local area has made frameworks that adjust just too restrictive data set organizations, making it hard for them to send and get information from other, possibly contending items.
The clinical informatics local area has understood the requirement for interoperability and hence has made principles for information coding and correspondence.Advantages OF EMR ImplementationBy executing EMR, patient information can be followed throughout an all-encompassing timeframe by various medical care suppliers.
It can help recognize the individuals who are expected for preventive tests and screenings and screen how every persistent compares certain prerequisites like immunizations and circulatory strain readings.
EMRs are intended to assist associations with giving effective and exact consideration.Monetary BenefitsShould you choose to carry out EMRs in your office, you may really encounter a diminishing in general consumption.
