Medical Transcription Market is esteemed to demonstrate a substantial upswing in CAGR to 5.0% during the forecasted period of 2021 to 2030. The Medical Transcription Market was cherished at USD 64.8 billion in 2020 and is estimated to garner a significant improvement of USD 105.55 billion by 2030.
Medical transcription, also known as MT, is a laborious process of converting physician and medical professional voice dictations into test format. Medical experts code their speech notes into a verbal format, which transcriptionists decode into text, which is usually in digital format. Clinical documents are another name for medical transcripts. Voice notes made during lectures or other spoken content might be included in the clinical documents.
Medical transcriptions, also known as clinical documentation, are a method of transcribing voice or vocal notes from medical experts into predetermined text or digital format. With the advancement of technology, hospitals, healthcare centres, clinics, and physicians are choosing for MT in the medical field. This is to increase operational efficiency and improve patient care quality.
It also aids healthcare providers in keeping accurate and well-organized patient treatment records. These transcripts are comprehensive recordings of medical findings, treatment plans, and other pertinent medical data. Furthermore, this strategy reduces the strain on employees when it comes to filling out patient documents, discharge summaries, and operation or progress reports.
MT is also known as a systematic and appropriate method of recording patient history, which allows doctors to confirm a patient’s present physical condition and devise an appropriate treatment plan for them.
The Medical Transcription Services Market intelligence study provides a complete analysis of the market. The Medical Transcription Services report contains comprehensive data on previous performance, present market conditions, and future prospects. It also provides an exact insight of the major strategies, the Medical Transcription Services market size, and the products of the market’s leading firms. Medical Transcription Services industry projections for 2022 are expert and in-depth research information on the global regional Medical Transcription Services market scenario, focusing on each region.
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Global Medical Transcription Market- Segment Analysis
Market has been segmented into sections namely, Mode of Procurement, Service Type, Technology, End User
Key Players
- MModal, Inc.
- 3M Co.
- CareCloud Inc.
- Excel Transcriptions Inc.
- nThrive, Inc.
- MTBC, Inc.
- World Wide Dictation Service of New York Inc.
- Lingual Consultancy Services Pvt. Ltd.
- Acusis LLC
- Medscribe
- Pacific Solutions
- LC Transcription Services
- BVS Transtech
- DoctorDocs
- Same Day transcriptions
- VIVA Transcription
- Philips Dictation
- Global Medical Transcription LLC,
- iMedX Information Services Pvt. Ltd.
- Precyse Solutions LLC
- iMedX, Inc.
- Medi-Script Plus
- Transcend Services, Inc.,
- TransTech Medical Solutions
- Scribe Healthcare Technologies, Inc.
- Superior Global Solutions, Inc.
Based on Mode of Procurement: Analysis
o Outsourcing
o Offshoring
o Both
Based on Service Type: Analysis
o History and Physical Report (H&P),
o Discharge Summary (DS),
o Operative Note or Report (OP),
o Consultation Report (CONSULTS),
o Others
By Technology: Analysis
o Electronic Medical Records/Electronic Health Record (EMR/EHR)
o Picture Archiving and Communication System (PACS)
o Radiology Information System (RIS)
o Speech Recognition Technology (SRT)
o Others
Based on End User: Analysis
o Hospitals
o Clinics
o Clinical Laboratories
o Academic Medical Centers
Table of Contents
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Analysis and Forecast, by Region
- North America Medical Transcription Market: Estimates & Forecast Trend Analysis
- Europe Medical Transcription Market: Estimates & Forecast Trend Analysis
- Asia Pacific Medical Transcription Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Medical Transcription Market: Estimates & Forecast Trend Analysis
- Latin America Medical Transcription Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
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Frequently Asked Questions?
- What is this market size?
- This market growth will increase by $16.64 billion during 2019-2024.
- What is the CAGR for this market?
- What are the segments covered in this report?
- Who are the key players in this market?
- Which region is more attractive for vendors in this market?
- What are the key markets for medical transcription?
- What are the key factors driving the growth of this market?
- Which segment has the largest share in this market?
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