Authored By: Sarah
27 Dec 2022

Medical Document Management Systems Market Analysis 2023-2027: Increased Efficiency and Productivity in MDMS to Boost Market Growth     

The medical document management systems market share is expected to grow at a CAGR of 12.13% between 2022 and 2027. The increased efficiency and productivity in MDMS and the increasing focus on detailed and customized reporting provides a promising ground for the medical document management systems market. 

Healthcare organizations are looking for MDMS that can accelerate the growth of the organization, reduce costs, and improve productivity and efficiency. Hence, these factors are expected to drive the growth of the MDMS market during the forecast period.

Technavio’s analysis on “Medical Document Management Systems Market by Deployment, End-user, and Geography - Forecast and Analysis 2023-2027” projects that the market share is expected to increase by USD 412.45 million at an accelerating CAGR during 2023-2027. 

Medical Document Management Systems Market Analysis 2023-2027: Increased Efficiency and Productivity in MDMS to Boost Market Growth  

On-premise to be the Fastest-Growing Medical Document Management Systems Market Segment 

The medical document management systems market is segmented by deployment (on-premise and cloud), end-user (hospitals and clinics, nursing and home healthcare, and others), and geography (North America, Europe, Apac, Middle east and Africa, and South America).

The on-premise segment in the global MDMS market is expected to witness significant growth in terms of market share when compared to the cloud segment during the forecast period. The rise in the adoption of on-premise MDMS by small and medium-sized enterprises (SMEs), including hospitals and clinics, globally will drive the market growth during the forecast period. 

Threats from open-source MDMS Pose a Significant Challenge 

Threats from open-source MDMS has become a major challenge to the adoption of medical document management systems. Due to the availability of open-source MDMS and subscription-based MDMS solutions, including cloud-based and premises-based MDMS solutions, demand will decrease, and such factors may hamper the growth of the global MDMS market during the forecast period.

Major Medical Document Management Systems Market Vendors 

The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.  

Some of the major medical document management systems market vendors are 3M Co., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Canon Inc., Compulink Management Center Inc., Epic Systems Corp., Exela Technologies Inc., General Electric Co., Hyland Software Inc., International Business Machines Corp., Konica Minolta Inc., McKesson Corp., Microsoft Corp., Open Text Corp., Oracle Corp., Siemens AG, Thoma Bravo LP, Thomson Reuters Corp., NextGen Healthcare Inc., and Pericent BPM and DMS Software Pvt. Ltd.

3m.com - The company offers medical document management systems namely, 3M Health Record Management Software.

Download the Free PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.   

Key Data Covered in the Medical Document Management Systems Market Report  

  • Precise market size estimation during the forecast period 2023-2027. 

  • CAGR of the medical document management systems market forecast during 2023-2027.  

  • Market-level data on units, average selling prices, and values of the medical document management systems market share.  

  • Prediction of the upcoming trends, drivers, and factors that challenge the medical document management systems market.  

  • Medical document management systems market growth across North America, Europe, APAC, Middle East and Africa, and South America.

 

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