In 2018, the global Medical Transcription Services market size was 5000 million US$ and it is expected to reach 7730 million US$ by the end of 2025, with a CAGR of 5.6% during 2019-2025. —
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#The key manufacturers in the Medical Transcription Services market include Mmodal, Nuance Communications, Transcend Services, Acusis, iMedX Information Services, MTBC, nThrive, Medi-Script Plus, Outsource2india, TransPerfect, VIVA Transcription, Medscribe, Pacific Solutions, Same Day transcriptions, DoctorDocs, World Wide Dictation, Athreon, BVS Transtech, Excel Transcriptions, GMT and LC Transcription Services.
Medical transcription, also known as MT, is an allied health profession dealing with the process of transcribing voice-recorded medical reports that are dictated by physicians, nurses and other healthcare practitioners. Medical reports can be voice files, notes taken during a lecture, or other spoken material. These are dictated over the phone or uploaded digitally via the Internet or through smart phone apps.
Medical transcription (MT) is an allied health profession, which deals in the process of transcription, or converting voice-recorded reports as dictated by physicians or other healthcare professionals, into text format. Medical transcription services provide the groundwork for the adoption of electronic medical records (EMR) system. Medical transcription services allow hospitals and providers to outsource a critical business process, reduce costs, and improve the quality of medical documentation, without additional capital investment. The global medical transcription services market is primarily driven by adoption of medical documentation and recording systems, governments initiatives in health information infrastructure, implementation of EHRs, technological innovations through the use of electronic technology to reduce turnaround time, increasing focus on lowering costs and increasing productivity and improving the quality of patient care while ensuring patients safety.
North America is the largest consumption place, with a consumption market share nearly 78.3% in 2017. North America currently dominates and is expected to retain its position in the medical transcription services market in the future. Growth drivers for this market in North America are factors such as rise in aging population and passing of Patient Protection and Affordable Healthcare Act, 2013.
Market segment by Type, the product can be split into
Market segment by Application, split into
- Clinical Laboratories
- Academic Medical Centers
This report presents the worldwide Medical Transcription Services market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
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With tables and figures helping analyze worldwide Medical Transcription Services market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Major Points from Table of Contents
Charpter 1 – Medical Transcription Services Market Overview
Charpter 2 – Global Medical Transcription Services Competition by Players/Suppliers, Type and Application
Charpter 3 – United States Medical Transcription Services (Volume, Value and Sales Price)
Charpter 4 – China Medical Transcription Services (Volume, Value and Sales Price)
Charpter 5- Europe Medical Transcription Services (Volume, Value and Sales Price)
Charpter 6 – Japan Medical Transcription Services (Volume, Value and Sales Price)
Charpter 7 – Southeast Asia Medical Transcription Services (Volume, Value and Sales Price)
Charpter 8 – India Medical Transcription Services (Volume, Value and Sales Price)
Charpter 9 – Global Medical Transcription Services Players/Suppliers Profiles and Sales Data
Charpter 10 – Medical Transcription Services Maufacturing Cost Analysis
Charpter 11 – Industrial Chain, Sourcing Strategy and Downstream Buyers
Charpter 12 – Marketing Strategy Analysis, Distributors/Traders
Charpter 13 – Market Effect Factors Analysis
Charpter 14 – Global Medical Transcription Services Market Forecast (2018-2025)
Charpter 15 – Research Findings and Conclusion
Charpter 16 – Appendix
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