Global Medical Transcription Market Trends:
The global market is primarily driven by the increasing need for digital documentation of medical data. This, along with a rise in the adoption of healthcare IT solutions, such as electronic health records (EHRs), is providing a thrust to the growth of the market. Apart from this, the introduction of voice recognition software is also expected to facilitate the market growth in the upcoming years. This software can be utilized to automate the process of MT without the need for human intervention. For instance, MModal LLC, a Tennessee-based healthcare software solution provider, launched Fluency Direct, which is a cloud-based software that works with over 200 EHRs for faster and higher quality documentation at lower costs. Furthermore, governments of numerous countries are taking initiatives to regulate the healthcare information infrastructure, which is expected to create a positive outlook for the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Medical Transcription Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the major players in the market are Acusis, Transcend Services, Naunce Communications, MModal, iMedX Information Services, Global Medical Transcription, nThrive, MTBC, Medi-Script Plus, Transtech Medical Solutions, etc.
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Key Market Segmentation:
Breakup by Service Type:
• History and Physical Report
• Discharge Summary
• Operative Note or Report
• Consultation Report
• Others (Pathology Report, Radiology Report, etc.)
Breakup by Technology:
• EMR/EHR
• PACS
• RIS
• SRT
• Others
Market Breakup by Mode of Procurement:
• Outsourcing
• Offshoring
• Both
Breakup by End User:
• Hospitals
• Clinics
• Clinical Laboratories
• Academic Medical Centers
• Others
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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