PUBLISHER: The Business Research Company | PRODUCT CODE: 1705343
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705343
Medical document management systems (MDMS) are software applications and systems designed for managing the creation, storage, retrieval, sharing, and archiving of medical documents and records within healthcare organizations. These systems aim to efficiently and securely streamline the management of patient information, medical records, and administrative documents.
Key components of MDMS include services and solutions. Services encompass activities such as planning and managing patient records, along with support services that facilitate efficient processing and storage of medical information such as lab tests, x-rays, emergency room records, and admitting information. These systems are delivered through web-based, cloud-based, and on-premise models, catering to applications such as medical records, billing records, admission and registration. End users span hospitals, clinics, government organizations, third-party administrations (TPAs), nursing homes, and others.
The medical document management systems market research report is one of a series of new reports from the business research company that provides medical document management systems market statistics, including medical document management systems industry global market size, regional shares, competitors with an medical document management systems market share, detailed medical document management systems market segments, market trends and opportunities, and any further data you may need to thrive in the medical document management systems industry. This medical document management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical document management systems market size has grown rapidly in recent years. It will grow from $0.87 billion in 2024 to $1 billion in 2025 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to evolving healthcare practices, the need to reduce healthcare costs, the need to improve clinical efficiency and patient care, escalating demand for connected healthcare, and the need for efficient data management tools.
The medical document management systems market size is expected to see rapid growth in the next few years. It will grow to $1.69 billion in 2029 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to better healthcare infrastructure, rising research and development expenditures, increasing adoption of web-based and cloud-based systems, a growing need for digitization and automation in healthcare, and a growing demand for paperless environments. Major trends in the forecast period include web-based solutions for interoperability, cloud-based solutions for lower installation costs and maintenance, machine learning (ML) for automated data processing, blockchain technology for secure data storage, and internet of things (IoT) integration.
The growth of the medical document management systems market is expected to be propelled by the increasing patient pool. The patient pool refers to the total number of individuals within a specific demographic or healthcare setting who require medical attention, driven by factors such as population growth, aging demographics, and improved access to healthcare services. Medical document management systems are increasingly adopted to streamline healthcare data handling, enhance efficiency in record management, and improve coordination of patient care. For example, according to a report from the American Hospital Association (AHA) in May 2023, hospital admissions across the U.S. totaled 34,011,386 compared to 33,356,853 in 2022, highlighting the growing demand for healthcare services. Therefore, the expanding patient pool is expected to drive growth in the medical document management systems market.
Leading companies in the medical document management systems sector are focusing on integrating artificial intelligence (AI) to enhance efficiency and accuracy in healthcare data management. AI technology in document management systems automates data processing, reduces errors, and streamlines administrative tasks, thereby improving patient care delivery. For instance, Andaman7, a Belgium-based software company, launched Andaman7 Personal Health Record v5 in April 2024, which incorporates AI capabilities. Version 5 of the app enhances patient engagement by providing clear insights into health data, facilitating efficient research and post-market analysis. The software features AI tools such as simplification, which translates medical terminology into understandable language, summarization, which extracts key insights from lengthy reports, and translation, ensuring information accessibility across different languages. These innovations empower patients with comprehensive understanding of their health information, thereby advancing patient-centered care practices.
In June 2022, Oracle Systems Corporation, a US-based software company, finalized the acquisition of Cerner Corporation for $28 billion. This acquisition positions Cerner and Oracle to innovate healthcare delivery by providing advanced healthcare information systems to medical professionals. Additionally, Oracle extends its cloud business into the hospital and health system markets through this strategic move. Cerner Corporation, headquartered in the US, specializes in electronic medical record systems and medical technology solutions.
Major companies operating in the medical document management systems market are McKesson Corporation, Oracle Corporation, 3M Company, Toshiba Corporation, Siemens Healthineers, FUJIFILM Holdings Corporation, GE HealthCare Technologies Inc., Epic Systems Corporation, Athenahealth Inc., CompuGroup Medical SE & Co. KGaA, Allscripts Healthcare Solutions Inc, Fortra Inc, Midmark Corporation, NextGen Healthcare Inc, Hyland Software Inc, Tungsten Automation, Kofax Inc, DocuWare GmbH, Laserfiche, Agaram Technologies Pvt Ltd, AimProsoft Inc, Pericent Technologies Private Limited, LogicalDOC Inc, Open Bee, ThoughtTrace Inc
North America was the largest region in the medical document management system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical document management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the medical document management systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The medical document management systems market consists of revenue earned by entities by providing services such as document capturing and digitization, document storage and organization, and workflow automation. The market value includes the value of related goods sold by the service provider or included within the service offering. The medical document management systems market also includes sales of document scanners, printers, and computers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Document Management Systems Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical document management systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical document management systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical document management systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.