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Rising Demand and Government Backing Fuel European Document Management Systems Market
Date:2/19/2009

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.

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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
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SOURCE Frost & Sullivan
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