Asia Pacific Medical Documents Management Market size was around USD 58.43 million in 2018. It is expected to grow at a CAGR of 14.3% to reach USD 114 million by 2023. It captures 20% of the global market. Several medical organizations find it difficult to maintain e-medical records, since they are expensive and complex to implement. Medical records document management systems are easy to use, fast to implement, and smart processing systems which improve practice effectiveness and reduce the retention costs of medical records. These systems facilitate workflow and enhance the quality of patient care and safety. They eliminate paper-based processes in health care organizations along with managing patient information and facilitating clinicians and administrators’ decision making in treatment and hospitalization procedures.
This market is primarily driven by improved patient care and cost containment in healthcare, the need for regulatory compliance, and accurate, secure, & fast systems to manage critical information. Furthermore, the paperless environment created by document management systems causes a streamlined workflow, thereby improving the operational efficiency of healthcare organizations.
But still, the high cost of maintenance and implementation of these systems, and the hesitation by healthcare professionals to change their traditional methods is anticipated to hamper the growth of this market to a certain extent.
Asia Pacific Medical Documents Management Market Segmentation by product, applications, mode of delivery, and end user. By product, the market is categorized into medical document management solutions and services. The market is further divided into standalone and integrated solutions. Standalone solutions cover document-scanning software and electronic document management software. Similarly, the market is sub-segmented into document scanning and management services and product support services, like implementation and integration services, support, maintenance & optimization services, and education & training services. By application, the market is categorized into patient medical records management, admission & registration documents management, and patient billing documents management. By mode of delivery, the market is segmented into on premise model, web-based solutions, and cloud-based model. By end user, the market is segregated into hospitals & clinics, nursing homes/assisted-living facilities/long-term care centres, healthcare payers, and other health systems. In 2013, integrated medical document solutions commanded the largest share of the medical document management solutions market. It is due to the need for integration of such systems with existing EHR systems, HIM systems, PACS, and RIS systems to ease the workflow in healthcare organizations and minimize compliance risks. But still, integration with other systems is a big challenge before market players.
Asia Pacific Medical Documents Management Market geographical segmentation by India, China, Korea, Japan and others. It is the third largest market. The Asia-Pacific region represents the fastest-growing market, due to the government emphasis on adoption of EHRs, modernization in healthcare, and investments by government and private entities to adopt healthcare IT technologies. Furthermore, improved clinical research and studies through organized and stored patient information through document management systems are providing considerable growth opportunities for this market in this region.
Some of the major Asia Pacific Medical Documents Management Market leaders are McKesson Corporation (U.S.), Toshiba Medical systems Corporation (Japan), Cerner Corporation (U.S.), Kofax Ltd. (U.S.), EPIC Systems (U.S.), 3M Company (U.S.), Siemens Medical Solutions USA, Inc. (U.S.), GE Healthcare (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), and Hyland Software (U.S.).
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Medical Document Management Solutions Market
5.1.2.1 Standalone Medical Document Management Solution
5.1.2.1.1 Medical Record Scanning Software
5.1.2.1.2 Electronic Medical Document Management Software
5.1.2.2 Integrated Medical Document Management Solution
5.1.3 Medical Document Management Services Market
5.1.3.1 Documents Scanning And Management Services
5.1.3.2 Product Support Services
5.1.3.2.1 Implementation And Integration Services
5.1.3.2.2 Maintenance, Support & Optimization Services
5.1.3.2.3 Education & Training Services
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Mode Of Delivery
5.2.1 Introduction
5.2.2 Web-Based Solutions
5.2.3 Cloud-Based Model
5.2.4 On-Premise Model
5.2.5 Y-o-Y Growth Analysis, By Mode Of Delivery
5.2.6 Market Attractiveness Analysis, By Mode Of Delivery
5.2.7 Market Share Analysis, By Mode Of Delivery
5.3 Application
5.3.1 Introduction
5.3.2 Patient Medical Records Management
5.3.3 Image Management
5.3.4 Admission And Registration Documents Management
5.3.5 Patient Billing Documents Management
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
5.4 End-Users
5.4.1 Introduction
5.4.2 Hospitals & Clinics
5.4.3 Nursing Homes/ Assisted Living Facilities/ Long Term Care Centers
5.4.4 Insurance Providers
5.4.5 Other Healthcare Institutions
5.4.6 Y-o-Y Growth Analysis, By End-Users
5.4.7 Market Attractiveness Analysis, By End-Users
5.4.8 Market Share Analysis, By End-Users
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Mode Of Delivery
6.1.3.4 By Application
6.1.3.5 By End-Users
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Mode Of Delivery
6.1.4.4 By Application
6.1.4.5 By End-Users
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Mode Of Delivery
6.1.5.4 By Application
6.1.5.5 By End-Users
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 3M Compan
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Allscripts Healthcare Solutions Inc.
8.3 Cerner Corporation
8.4 EPIC Systems Corporation
8.5 GE Healthcare
8.6 Hyland Software Inc.
8.7 Kofax Ltd.
8.8 McKesson Corporation
8.9 Nextgen Healthcare Information Systems, Llc
8.10 Siemens Medical Solutions USA Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
