The medical record management offers software and solution services to healthcare institutions to effectively maintain documentation relating to patient registration, billing, and administration. The market is gaining traction on account of massive database along with the growing popularity of software solutions among hospitals and nursing homes. The market in the APAC is expected to be most lucrative in the forecast period with the rapid adoption of technology and supportive government initiatives in this region.
MARKET DYNAMICS
The medical record management market is anticipated to grow in the forecast period owing to driving factors such as increasing adoption of cloud-based solutions across healthcare institutions and increasing need to manage patient database electronically. Moreover, improved efficiency and cost-effectiveness of the solutions is further likely to augment market growth. However, high implementation cost and issues concerning data privacy and security may negatively influence the medical record management market during the forecast period.
MARKET SCOPE
The "Global Medical Record Management Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of medical record management market with detailed market segmentation by component, application, deployment, end user, and geography. The global medical record management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading medical record management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global medical record management market is segmented on the basis of component, application, deployment, and end user. Based on component, the market is segmented as software and services. On the basis of the application, the market is segmented as patient record management, admission & registration document management, patient billing document management, and others. By deployment, the market is classified into cloud and on-premise. The market on the basis of the end user is classified as hospitals & clinics, nursing homes, healthcare payers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global medical record management market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The medical record management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting medical record management market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the medical record management market in these regions.
MARKET PLAYERS
The reports cover key developments in the medical record management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from medical record management market are anticipated to lucrative growth opportunities in the future with the rising demand for medical record management in the global market. Below mentioned is the list of few companies engaged in the medical record management market.
The report also includes the profiles of key medical record management companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Cerner Corporation
- Epic Systems Corporation
- Hyland Software, Inc.
- Ideagen Plc
- Infolinx
- Kareo, Inc.
- Nuance Communications, Inc.
- Siemens Medical Solutions USA, Inc.
- Sysvine Technologies
- Virence Health
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.