13.5% Growing Opportunity by 2023 in the Medical Document Management Systems Market: Global Key Vendors - Cerner Corporation., GE Healthcare, Kofax, Nextgen Healthcare Information Systems, Allscripts Healthcare Solutions

Medical Document Management Systems Market Size
The medical document management systems market is expected to grow at a CAGR of 13.5%. The market is experiencing substantial growth since last few years due to the increase in the demand for the high clinical efficacy and the improved patient care.

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Increasing Adoption of Digital Medical Management Systems
The changing of the healthcare practices and increasing adoption of Health Information Management Systems and Electronic Medical Records Systems has driven the market for medical document management systems. The healthcare providers has made significant investments in the adoption of theelectronic medical record (EMR) by the healthcare providers while the Centers for Medicare & Medicaid Services (CMS) has provided financial incentives to healthcare providers to adopt these electronic record standards. To encourage the physicians to adopt the EHR records, the government has put a lot of investment into the training health information technology workers and establishing the regional centers to provide technical and other advice. The increasing of the government support and the changing of the healthcare practices have led to the development of the EMR market in that country. Such initiatives being taken by the government and healthcare professionals is triggering the growth of the market.

Key Developments:
August 2017: Allscripts to Acquire McKesson’s Enterprise Information Solutions Business.

Medical Document Management Systems Market Major Players includes
Cerner Corporation., 3M Company., GE Healthcare., Kofax Ltd., Nextgen Healthcare Information Systems LLC., Toshiba Corporation., Allscripts Healthcare Solutions Inc., EPIC Systems Corporation., Hyland Software Inc., and McKesson Corporation.

Reasons to Purchase Medical Document Management Systems Market Report
• Current and future medical document management systems market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players
• 3 months analyst support along with the Market Estimate sheet (in excel)

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Security Concerns, Rising Incidences of Data Security Breach
With the increasingly use of the Electronic Medical Record (EMR) there has been security concerns related to the data privacy. According to a report published by American National Standards Institute, health information privacy of nearly 18 million Americans has been breached electronically in the last two years. These incidences have resulted in the loss of the trust by the patients that their health information privacy will be protected. All these data secrecy concerns with respect to the system are restraining the growth of medical document management systems market.

North America Dominates the Medical Document Management Systems Market
North America dominated the medical document management systems market owing to the well-developed and the established healthcare industry and higher penetration rate of such systems into healthcare practices. North America is being followed by Europe and Asia-Pacific as the second and third largest markets for medical document management systems.

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