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The global medical document management systems market was valued at US$ 489.32 Million in 2021.
We expect the global medical document management systems market to exhibit a CAGR of 12.10% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of digitized medical DMS over paper medical records, as it decreases retrieval time and allows to prevent the transmission of the coronavirus infection among healthcare staff.
The rising utilization of Electronic Health Records (EHRs), that includes patient-centered records and provides information available instantly and securely to authorized users, is primarily driving the global medical document management systems market.
Based on the product, the global medical document management systems market has been segmented into solution and services. Currently, solution holds the majority of the total market share.
Based on the mode of delivery, the global medical document management systems market can be divided into web-based and cloud-based and on-premises, where web-based and cloud-based currently exhibits a clear dominance in the market.
Based on the application, the global medical document management systems market has been categorized into patient medical records management, admission and registration documents management, patient billing documents management, and others. Currently, patient medical records management accounts for the majority of the global market share.
Based on the end user, the global medical document management systems market can be segregated into hospitals and clinics, insurance providers, and others. Among these, hospitals and clinics hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global medical document management systems market include 3M Company, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, Epic Systems Corporation, General Electric Company, Hyland Software Inc., Kofax Inc., McKesson Corporation, Nextgen Healthcare Inc., Siemens Aktiengesellschaft, and Toshiba Corporation.
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