Global Medical Transcription Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	158 Pages	TechNavio	May, 2024	INF18930464

Best Price Guarantee
Price	from $2,500
Length	158 Pages
Publisher	TechNavio
Published Date	May, 2024
SKU	INF18930464

Global Medical Transcription Market 2024-2028

The medical transcription market is forecasted to grow by USD 28.63 bn during 2023-2028, accelerating at a CAGR of 6.55% during the forecast period. The report on the medical transcription market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in need for automated transcripts, rising chronic diseases and aging population, and growth in healthcare it spending.

Technavio's medical transcription market is segmented as below:

By End-user

Hospitals
Physician groups and clinics

By Type

Services
Software

By Geography

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the emergence of voice recognition technologies as one of the prime reasons driving the medical transcription market growth during the next few years. Also, growth of mt outsourcing market and adoption to cloud-based systems will lead to sizable demand in the market.

The report on the medical transcription market covers the following areas:

Medical transcription market sizing
Medical transcription market forecast
Medical transcription market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical transcription market vendors that include 3M Co., Aquity LLC, Athreon Corp., CareCloud Inc., Ditto Transcripts, Excel Transcriptions Inc., Flatworld Solutions Pvt. Ltd., Global Medical Transcription LLC, iMedX Inc., Lingual Consultancy Services Pvt. Ltd., Med Scribe Inc., Microsoft Corp., Outsource Accelerator Ventures OPC, Pacific Solutions Pty Ltd., Same Day Transcriptions Inc., Savista LLC, TransPerfect Global Inc., VIVA Transcription Corp., and World Wide Dictation Service of New York Inc.. Also, the medical transcription market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary - Data Table on Market Overview
  - Table Executive Summary - Data Table on Incremental Growth
Market Landscape
- Market ecosystem
  - Table Data Table on - Parent Market
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global Medical Transcription Market 2018 - 2022
  - Table Historic Market Size - Data Table on Global Medical Transcription Market 2018 - 2022 ($ million)
- End-user segment analysis 2018 - 2022
- Type segment analysis 2018 - 2022
- Geography segment analysis 2018 - 2022
- Country segment analysis 2018 - 2022
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
  - Table Data Table on End-user - Market share 2023-2028 (%)
- Comparison by End-user
  - Table Data Table on Comparison by End-user
- Hospitals - Market size and forecast 2023-2028
  - Table Data Table on Hospitals - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
- Physician groups and clinics - Market size and forecast 2023-2028
  - Table Data Table on Physician groups and clinics - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Physician groups and clinics - Year-over-year growth 2023-2028 (%)
- Market opportunity by End-user
  - Table Data Table on Market opportunity by End-user ($ million)
Market Segmentation by Type
- Market segments
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Data Table on Comparison by Type
- Services - Market size and forecast 2023-2028
  - Table Data Table on Services - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Services - Year-over-year growth 2023-2028 (%)
- Software - Market size and forecast 2023-2028
  - Table Data Table on Software - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Software - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Data Table on Market opportunity by Type ($ million)
Customer Landscape
- Customer landscape overview
Geographic Landscape
- Geographic segmentation
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2023-2028
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023-2028
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Canada - Market size and forecast 2023-2028
  - Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
  - Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Opportunity/Restraints
- Market drivers
  - Increase in need for automated transcripts
  - Rising chronic diseases and aging population
  - Growth in healthcare IT spending
- Market challenges
  - Increase in concerns for medical data privacy
  - Vulnerability of EMR toward cyber-crime
  - Requirement of intense training
- Impact of drivers and challenges
- Market opportunities/restraints
  - Emergence of voice recognition technologies
  - Growth of MT outsourcing market
  - Adoption to cloud-based systems
Competitive Landscape
- Overview
- Competitive Landscape
- Landscape disruption
- Industry risks
Competitive Analysis
- Companies profiled
- Market positioning of companies
- 3M Co.
- Aquity LLC
- Athreon Corp.
- CareCloud Inc.
- Excel Transcriptions Inc.
- Flatworld Solutions Pvt. Ltd.
- Global Medical Transcription LLC
- iMedX Inc.
- Lingual Consultancy Services Pvt. Ltd.
- Med Scribe Inc.
- Microsoft Corp.
- Outsource Accelerator Ventures OPC
- Pacific Solutions Pty Ltd.
- Same Day Transcriptions Inc.
- Savista LLC
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- Data procurement
- Data validation
- Validation techniques employed for market sizing
- Data synthesis
- 360 degree market analysis
- List of abbreviations