The global demand for Patient Record Management Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Patient record management refers to a type of clinical information system including procedures and protocols used to govern patient information throughout the data life cycle. It collects, stores maintains and tracks the patient's treatment on a weekly or hourly basis and provides information required for the delivery of patient care. They are sometimes referred to as health information management (HIM) or health records information management (HRIM). The central focus in these systems is generally the clinical data, not the financial and billing information. They are easy to implement and manage as well as eliminate human error. They also reduce the cost of physical storage space and improve patient care and satisfaction.
Market Dynamics
The key factor driving the demand for the patient record management market is the increasing rate of patients visiting hospitals due to various health disorders. An increase in the adoption of EMR systems & HIM systems in the hospitals for improved facilities and better patient care, along with the rising demand for efficient information management is contributing to the growth of this market. In addition, the reduction of mass paperwork and the high cost of keeping employees for calculation jobs are other factors surging the demand for this market. Moreover, growing support from government and non-government sectors in the healthcare sector is expected to create opportunities for this market in the upcoming years. However, the risk of privacy and security attacks can hamper the growth of this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of patient record management. The growth and trends of patient record management industry provide a holistic approach to this study.
Market Segmentation
This section of the patient record management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Solutions (Standalone Medical Document Management Solutions, Integrated Medical Document Management Solutions)
- Services (Medical Record Scanning And Management Services, Product Support Services)
By Applications
- Patient Medical Records Managements
- Admission & Registration Document Management
- Patient Billing Document Management
By Delivery
- On-Premise
- Web-Based
- Cloud-Based
By End-Users
- Hospitals & Clinics
- Nursing Homes
- Healthcare Payers
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Patient Record Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Patient Record Management Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the patient record management market include Siemens Medical Solutions USA, Toshiba Medical Systems Corporation, Hyland Software, EPIC Systems, McKesson Corporation, GE Healthcare, 3M Company, Cerner Corporation, Allscripts Healthcare Solutions, and Inc, Kofax Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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