Clinical Documentation Improvement Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033

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The new report published by The Business Research Company, titled Clinical Documentation Improvement Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the clinical documentation improvement market size has grown strongly in recent years. It will grow from $3.69 billion in 2023 to $3.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The clinical documentation improvement market size is expected to see strong growth in the next few years. It will grow to $5.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.

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What Is Driving The Growth Of The Global Clinical Documentation Improvement Market?

Impact Of Rising Chronic Disease Burden On Clinical Documentation Improvement Market Growth
The rising chronic disease burden is expected to propel the growth of the clinical documentation improvement market going forward. The increase in chronic diseases is primarily due to aging populations, lifestyle factors such as poor diet and lack of exercise, and the rising prevalence of risk factors such as obesity and smoking. Clinical documentation improvement enhances chronic disease management by ensuring accurate and comprehensive patient records, which supports better care coordination, treatment planning, and outcomes. For instance, in January 2024, according to the British Heart Foundation, a UK-based cardiovascular research charity, in the UK, approximately 7.6 million people were affected by heart and circulatory diseases, with around 4 million males and 3.6 million females living with these conditions. These diseases account for about 27% of all deaths in the country, leading to over 170,000 deaths annually equating to approximately 480 deaths each day, or one every three minutes. Therefore, the rising chronic disease burden will drive the growth of the clinical documentation improvement market.

What Is The Key Trend In The Global Clinical Documentation Improvement Market?

Advancements In Clinical Documentation Enhancing Accuracy And Efficiency
Major companies operating in the clinical documentation improvement market are focusing on developing advanced solutions such as generative artificial intelligence-based medical documentation to enhance accuracy, efficiency, and overall documentation quality. Generative artificial intelligence-based medical documentation refers to using AI to automatically create, manage, and enhance patient medical records and documentation. For instance, in April 2024, Augmedix Inc. a US-based artificial intelligence medical documentation and data solutions provider company launched Augmedix Go. It is a fully automated, generative AI (GenAI) powered medical documentation product for emergency departments. It enhances the patient experience at the point of care, boosts productivity through better documentation quality, lessens the cognitive load of note-taking for providers, and reduces chart closure time.

How Is The Global Clinical Documentation Improvement Market Segmented?
The clinical documentation improvement market covered in this report is segmented -

1) By Product And Service: Solutions, Consulting Services
2) By Delivery Mode: On-Premise, Cloud-Based
3) By End Users: Healthcare Providers, Healthcare Payers

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How Is The Competitive Landscape Of The Global Clinical Documentation Improvement Market?
Major companies operating in the clinical documentation improvement market are Optum Inc., 3M Company, Cerner Corporation, Epic Systems Corporation, GEBBS Healthcare Solutions Private Limited, CorroHealth Inc., Accuity Holdings, Nuance Communications Inc, AGS Health Private Limited, Aquity Solutions India Private Limited, Vizient Inc., Health Catalyst Inc., The Craneware Group Inc., Optimum Healthcare IT LLC., Claro Healthcare LLC., Iodine Software LLC, Health Fidelity Inc., Vitalware LLC., Streamline Healthcare Solutions Private Limited, Medaxiom Cardiology LLC, Dolbey Systems Inc., ChartWise Medical Systems Inc., Qventus Inc.

Contents Of The Global Clinical Documentation Improvement Market
1. Executive Summary
2. Clinical Documentation Improvement Market Report Structure
3. Clinical Documentation Improvement Market Trends And Strategies
4. Clinical Documentation Improvement Market - Macro Economic Scenario
5. Clinical Documentation Improvement Market Size And Growth
…..
27. Clinical Documentation Improvement Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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