Medical Document Management Systems Market by Solution (Document Scanning Software, Document Management Software), Application (Medical Records Management), Mode of Delivery (Web-Based, Cloud-Based), & by End-User (Hospitals) - Global Forecasts to 2019

Over the years, medical document management systems market has been experiencing continuous growth owing to the need for making computerized healthcare record systems. The advent of document management systems has revolutionized the management of electronic health records in healthcare. Growth in this market is primarily attributed to the need to improve the quality of the information as well as healthcare services, manage increasing information content in healthcare systems in a cost-effective way, and reduce compliance risks.

In this report, the medical document management market is segmented by product, application, mode of delivery, and end user. By product, the market is segmented into solutions and services. The solutions market is further subdivided into standalone solutions (document scanning software, electronic document management) and integrated solutions. The services market is subdivided into document scanning and management services and product support services (implementation and integration services, support, maintenance & optimization services, and education & training services). By application, the market is divided into patient medical records management, admission & registration documents management, and patient billing documents management. By mode of delivery, this market covers on-premise; web-based; and cloud-based models. The market is further segmented by end users into hospitals & clinics, nursing homes/assisted-living facilities/long-term care centers, healthcare payers, and other health systems.

The global medical documents management systems market is expected to grow at a CAGR of around14.0% during the forecast period of 2014–2019. The market is mainly driven by record retention requirements and other regulations, increasing information content in healthcare organizations, need to increase clinical efficiency, and to improve quality of healthcare. Moreover, the need to resolve storage issues of paper records, continued pressure to reduce healthcare costs, and increase overall operational efficiency of organizations are further propelling the growth of this market. Various factors such as increasing consolidation in healthcare, and technology advancements such as mobile platforms for document management systems, are providing significant growth opportunities for the market. However, factors such as the high implementation costs of these systems and reluctance of healthcare employees to adopt new methods are hampering market growth to a certain extent.

The integrated medical document management solutions form the major portion of the medical document management solutions market. This is due to the increasing need of integration of document management systems with other systems such as EHR, PACS, RIS, and practice management systems to increase the clinical efficiency and provide improved patient care.

By 2019, North America contributed the largest share to the global medical document management systems market, followed by Europe, Asia-Pacific, and RoW. Developed geographies like North America and Europe are likely to grow at lower CAGRs as compared to the Asia-Pacific market, which is expected to show the fastest growth, largely driven by the increased healthcare spending, government initiatives for e-Health, and rising number of multi-specialty hospitals in the region.

Prominent players in the global medical document management systems market are McKesson Corporation (U.S.), 3M Company (U.S.), Siemens Medical Solutions USA, Inc. (U.S.), GE Healthcare (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Toshiba Medical Systems Corporation (Japan), Cerner Corporation (U.S.), Kofax Ltd. (U.S.), EPIC Systems (U.S.), and Hyland Software (U.S.).

Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater market share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies (Market Penetration, Product Development/Innovation, Market Development, Market Diversification, and Competitive Assessment) for reaping greater market share.

This report provides insights on the following pointers:
‧ Market Penetration: Comprehensive information on product portfolios offered by the top players in the medical document management market. The report analyzes the medical document management systems market products, applications, modes of delivery, and end users across all regions.
‧ Product Development/Innovation: Detailed insights on upcoming trends, research and development activities, and new product launches in the medical document management market.
‧ Market Development: Comprehensive information on lucrative emerging markets by technique, application, indication, and geography.
‧ Market Diversification: Exhaustive information on new products, growing regions, recent developments, and investments in the medical document management market.
‧ Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analysis of leading players in the medical document management market.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 19
1.3 MARKET SCOPE 19
1.3.1 MARKETS COVERED 19
1.3.2 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY 21
1.5 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 22
2.1.1.1 Key data from secondary sources 23
2.1.2 PRIMARY DATA 23
2.1.2.1 Key data from primary sources 24
2.1.2.2 Key industry insights 24
2.2 MARKET SIZE ESTIMATION 25
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.4 MARKET SHARE ESTIMATION 27
2.5 RESEARCH ASSUMPTIONS 28
2.5.1 ASSUMPTIONS FOR THE STUDY 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 34
4.1 GROWTH POTENTIAL OF THE MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET 34
4.2 APAC MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET, BY APPLICATION 35
4.3 MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET: REGIONAL GROWTH OPPORTUNITIES 36
4.4 MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET, REGIONAL MIX 37
4.5 MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET: DEVELOPED VS. DEVELOPING MARKETS 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40
5.2 MARKET SEGMENTATION 40
5.2.1 BY PRODUCT 40
5.2.2 BY APPLICATION 41
5.2.3 BY MODE OF DELIVERY 42
5.2.4 BY END-USER 42
5.3 MARKET DYNAMICS 42
5.3.1 KEY MARKET DRIVERS 43
5.3.1.1 Growing regulatory requirements for patient data management 43
5.3.1.2 Increasing implementation of electronic health record & health information exchange systems 44
5.3.1.3 Rising need to curtail healthcare costs 44
5.3.2 KEY MARKET RESTRAINTS 46
5.3.2.1 Reluctance among medical professionals to adopt advanced healthcare IT tools 46
5.3.2.2 Lack of IT Professionals in the healthcare industry 46
5.3.3 KEY MARKET OPPORTUNITIES 47
5.3.3.1 Increasing consolidation in the healthcare industry 47
5.3.3.2 Mobile platforms and cloud-based solutions for medical document Management systems 47
5.3.4 KEY CHALLENGES 48
5.3.4.1 Integration of document management systems with existing IT solutions within healthcare organizations 48
6 INDUSTRY INSIGHTS 50
6.1 INTRODUCTION 50
6.2 INDUSTRY TRENDS 50
6.2.1 GROWING NEED FOR SEMANTIC INTEROPERABILITY THROUGH MEDICAL DOCUMENT MANAGEMENT SYSTEMS ACROSS THE HEALTHCARE SECTOR 50
6.2.2 AVAILABILITY OF MOBILE PLATFORMS FOR MEDICAL DOCUMENT MANAGEMENT SOFTWARE 51
6.3 PORTER’S FIVE FORCES ANALYSIS 52
6.3.1 THREAT OF NEW ENTRANTS 52
6.3.2 THREAT OF SUBSTITUTES 53
6.3.3 BARGAINING POWER OF SUPPLIERS 53
6.3.4 BARGAINING POWER OF BUYERS 53
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 53
6.4 STRATEGIC BENCHMARKING 54
6.4.1 TECHNOLOGY INTEGRATION & PRODUCT UPGRADES WERE THE MOST ADOPTED STRATEGIES 54
7 MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET, BY PRODUCT 56
7.1 INTRODUCTION 57
7.2 MEDICAL DOCUMENT MANAGEMENT SOLUTIONS MARKET 58
7.2.1 INTEGRATED MEDICAL DOCUMENT MANAGEMENT SOFTWARE 60
7.2.2 STANDALONE MEDICAL DOCUMENT MANAGEMENT SOFTWARE 61
7.2.2.1 Document scanning software 63
7.2.2.2 Document management software 64
7.2.2.3 Document access and workflow management software 65
7.3 MEDICAL DOCUMENT MANAGEMENT SERVICES MARKET 66
7.3.1 MAINTENANCE, SUPPORT, AND OPTIMIZATION SERVICES 68
7.3.2 EDUCATION & TRAINING SERVICES 69
7.3.3 IMPLEMENTATION AND INTEGRATION SERVICES 71
8 MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET, BY APPLICATION 72
8.1 INTRODUCTION 73
8.2 PATIENT BILLING DOCUMENT MANAGEMENT 75
8.3 PATIENT MEDICAL RECORDS MANAGEMENT 76
8.4 MEDICAL IMAGE MANAGEMENT 77
8.5 PATIENT ADMISSION AND REGISTRATION DOCUMENT MANAGEMENT 79
9 MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET, BY MODE OF DELIVERY 81
9.1 INTRODUCTION 82
9.2 WEB-BASED SOLUTIONS 82
9.3 ON-PREMISE SOLUTIONS 83
9.4 CLOUD-BASED SOLUTIONS 85
10 MEDICAL DOCUMENT MANAGEMENT MARKET, BY END USER 88
10.1 INTRODUCTION 89
10.2 HOSPITALS & CLINICS 90
10.3 NURSING HOMES, ASSISTED LIVING FACILITIES, AND LONG-TERM CARE CENTERS 92
10.4 INSURANCE PROVIDERS 94
10.5 OTHER HEALTHCARE INSTITUTIONS 95
11 MEDICAL DOCUMENT MANAGEMENT SYSTEMS MARKET, BY REGION 97
11.1 INTRODUCTION 98
11.2 NORTH AMERICA 99
11.2.1 U.S. 104
11.2.2 CANADA 108
11.3 EUROPE 112
11.3.1 GERMANY 117
11.3.2 U.K. 121
11.3.3 FRANCE 124
11.3.4 ITALY 128
11.3.5 SPAIN 131
11.3.6 REST OF EUROPE 135
11.4 ASIA-PACIFIC 138
11.4.1 JAPAN 143
11.4.2 CHINA 147
11.4.3 INDIA 150
11.4.4 REST OF ASIA-PACIFIC 154
11.5 REST OF THE WORLD (ROW) 157
11.5.1 LATIN AMERICA 161
11.5.2 MIDDLE EAST AND AFRICA 164
12 COMPETITIVE LANDSCAPE 169
12.1 OVERVIEW 169
12.2 MARKET SHARE ANALYSIS 170
12.3 COMPETITIVE SITUATION AND TRENDS 172
12.3.1 AGREEMENTS, PARTNERSHIPS, AND ALLIANCES 173
12.3.2 NEW PRODUCT LAUNCHES 174
12.3.3 PRODUCT UPGRADES AND ENHANCEMENTS 175
12.3.4 MERGERS AND ACQUISITIONS 176
12.3.5 EXPANSIONS 177
13 COMPANY PROFILES 178
13.1 MCKESSON CORPORATION 179
13.2 HYLAND SOFTWARE INC. 181
13.3 CERNER CORPORATION 183
13.4 SIEMENS HEALTHCARE (SIEMENS AG) 186
13.5 KOFAX LIMITED 188
13.6 GE HEALTHCARE 190
13.7 TOSHIBA AMERICA BUSINESS SOLUTIONS, INC. (TOSHIBA CORPORATION) 193
13.8 3M COMPANY 196
13.9 QUEST DIAGNOSTICS, INC. 198
13.10 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. 200
*Details On Financials, Products & Services, Key Strategy, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.

14 APPENDIX 202
14.1 INSIGHTS OF INDUSTRY EXPERTS 202
14.2 DISCUSSION GUIDE 202
14.3 RECENT DEVELOPMENTS, BY MARKET PLAYER, 2011–2014 208
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 210
14.5 AVAILABLE CUSTOMIZATIONS 211
14.6 RELATED REPORTS 212