Industry Background:
A medical chart paper is used to store a complete record of a patient’s key clinical data and medical records including demographics, vital signs, diagnoses, medications, treatment plans, progress notes, problems, immunization dates, allergies, and many others. The medical chart paper is embraced of medical notes that are made by a physician, nurse, lab technician, or any other healthcare professionals. The development of electronic healthcare record solution has overshadowed the demand for medical chart papers. Along with the increase in concern related to the environment issue such as increase impact on the environment is hampering the demand in this industry.
According to AMA Research, the market for Medical Chart Paper is expected to register a CAGR of 5.6% during the forecast period to 2030. This growth is primarily driven by Growing Requirement Reduce the Incidence of Medical Error by Improving the Accuracy and Clarity of Medical Records
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Tele-Paper (Malaysia), Cardinal Health (United States), Medtronic (Ireland), Nissha (Japan), EME (United States), Kokusai Chart (Japan), Modul USA (United States), MISC (New Jersey), Diagramm Halbach (Germany) and TechMed (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2022, GE Healthcare launched Voluson Expert 22. It is the company’s latest ultra-premium ultrasound innovation. The launch has helped the company emphasize its hold in the women’s health portfolio segment as the tools run using artificial intelligence (AI) capabilities.
In June 2020, Philips announced the launch of a new obstetrics monitoring solution during the peak of Covid-19 to assist expectant mothers and clinicians. After receiving the necessary approval from the US Food and Drugs Administration (FDA), the product called the Avalon CL Fetal and Maternal Pod and Patch became available in the US region.The market is seeing a huge number of market players, looking rapid growth in the demand for health record maintenance is pushing market players to focus on production technologies, efficiency enhancement, and product life. There is numerous growth opportunity in this market that is captured by leading players by investing on the digital solutions that will overshadow the paper products.
Influencing Trend:
Increase in Buying Behaviour from Online Platform and Development in Video Imaging Papers
Market Growth Drivers:
Growing Requirement Reduce the Incidence of Medical Error by Improving the Accuracy and Clarity of Medical Records and Development in the Healthcare Industry
Challenges:
Fluctuation in Prices of Raw Materials and Stringent Government Regulations
Restraints:
Increasing Availability of the Electronic Patients Records
Opportunities:
Growing Demand of Medical Equipment in Pandemic Situation and Development in Industrial Chart Paper
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Medical Chart Paper Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Medical Chart Paper Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Medical Chart Paper players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical Chart Paper Study Sheds Light on
The Medical Chart Paper Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Chart Paper industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Chart Paper industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.