Medical Document Management Systems Market growth is likely to reach US$ 2.7 Bn by 2032 – Persistence Market Research – GlobeNewswire
September 29, 2022 09:00 ET | Source: Persistence Market Research Persistence Market Research
New York, New York, UNITED STATES
New York, Sept. 29, 2022 (GLOBE NEWSWIRE) — The global medical document management systems market is bound to witness a whopping CAGR of 10.4% between 2022 and 2032. It stands at US$ 1 Bn as of now and is expected to reach US$ 2.7 Bn by the year 2032.
With automation and digitization in healthcare vertical, there is a need for compliance with laws and regulations to curtail operational costs of the storage. Also, paperless environment is the need of the hour. These factors are bound to take the medical document management systems market by storm in the near future.
Besides, with growing number of multi-specialty hospitals/polyclinics, real-time database organization, transmission, and analysis are on the anvil. As such, exponential demand for connected healthcare along with growing utilization of smartphones and connected medical devices are contributing toward adopting medical document management systems.
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At the same time, the facts that higher costs of implementation, reluctance on the part of nursing, medical, and the other staff to alter their conventional ways are likely to hinder the medical document management systems market can’t be ignored.
Key Takeaways from Medical Document Management Systems Market
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“With HIM systems and EMR systems being increasingly adopted, and requirement for retaining patient data on a secure note as per local, federal, and state laws, the medical document management systems market is likely to grow persistently in the forecast period”, says an analyst from Persistence Market Research.
Market Competition
Persistence Market Research has highlighted about the key developments in medical document management systems market.
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