IGR Medical Document Management Systems Market | Page 2

The report on Medical Document Management Systems Market by product type (payroll), solution (talent
management, time, attendance, scheduling, optimization services), mode of delivery (web based, cloud
based), end-users (nursing homes, home health agencies, assisted living facilities) trends analysis and forecasts
up to 2023 studies the market sizes, key trends and opportunities in the main geographies such as North
America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Medical Document
Management Systems Market is projected to grow at a CAGR of 14.5% in terms of value over the period of
2017-2023. The growth in the world market is primarily driven by significant contribution by North America
(Leading region) region to this market.
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The report on medical document management systems market covers detailed analysis of market size and
trends of digital document management systems (DMS). DMS are computer based systems that store patient
information digitally; thereby eliminating paper based manual processes in health care organizations. These
systems provide information about patient and help to maintain the record of their medical history. These
systems assist medical staff in making effective decisions about the treatment and hospitalization process for
the patients. Furthermore, Medical DMS help healthcare organizations to automate patient’s information such
as admission card, insurance card, insurance claims, invoices, and laboratory results.
Market Insights
Need for digitization and automation in healthcare sector, rising number of medical facilities and increasing
number of patient being treated due to which lots of data is being generated are considered to be the prime
factors driving the growth of this market. Furthermore, increasing requirement for cost effective healthcare
systems and implementation of regulatory compliances such as HIPPA in healthcare systems are further
supporting the growth of medical DMS market. One of the key restraints of medical document management
systems market is high implementation cost of these systems and reluctance of healthcare staff to adopt new
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