LONDON, Feb. 19 /PRNewswire/ -- Document management systems offer the ability to plan, communicate and evaluate the quality of patient care. While integration, security and privacy pose challenges, the technology reduces medical errors, promotes patient safety and satisfaction and improves the continuity of treatment by saving time, money, space and manpower.
New analysis from Frost & Sullivan (http://www.frost.healthcareIT.com), European Healthcare Document Management Systems Markets, finds that the market earned revenues of $530.6 million in 2008 and estimates this to reach $753.7 million in 2014.
"The European healthcare document management systems market is characterised by strong demand and high growth rates," notes Frost & Sullivan Research Analyst Jayapradha T E. "There is considerable scope and opportunity for digital document management system vendors to provide a cost-effective and customised products."
Currently, the market is highly competitive and is experiencing consolidation. This has lead to the boom of customised, patient-oriented document management solutions with high performance, compliance and security levels. There has been a steady increase in European government initiatives to promote digital patient records and create a single database of patient information.
Even as the market expands, growth patterns will vary due to many factors. Multiple level security and privacy issues along with the difficulty of transferring information from paper to digital format and integrating new systems with legacy systems will constitute pressing challenges for market participants.
"Healthcare in Europe is increasingly focusing on optimising patient care," explains Jayapradha. "Security and privacy concerns at various levels coupled with the need to effectively integrate technologically sophisticated systems with legacy systems will need to be addressed by healthcare document management systems manufacturers."
With security and privacy issues in the limelight, vendors should make efforts to achieve standardisation. To create a mutually beneficial deal that would also benefit buyers, it is necessary to focus on product customisation through the development of partnerships with technology vendors.
If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the European healthcare document management systems markets, then send an e-mail to Katja Feick, Corporate Communications, at firstname.lastname@example.org, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.
European Healthcare Document Management Systems Markets is part of the Healthcare & Life Sciences IT Growth Partnership Services programme, which also includes research in the following markets: Regulations Affecting European Healthcare IT, Primary Care Information Systems Market in Europe, Pharmaceuticals and Drugs Market in Brazil, Laboratory Information Systems Market in Europe and European Market for Imaging in Healthcare. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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European Healthcare Document Management Systems Market M2CE Contact: Katja Feick Corporate Communications - Europe P: +49 (0) 69 77 0 33 43 E: firstname.lastname@example.org http://www.frost.com
|SOURCE Frost & Sullivan|
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