WiseGuyRerports.com Presents “Global Medical Transcription Market Size, Status and Forecast 2019-2025” New Document to its Studies Database
Medical transcription or MT deals with the medical reports dictated by healthcare professionals such as physicians and nurses. Transcriptions are simple notes transcriptionist take down. These are either in written independently or can be in an audio format. Usually, the transcriptions are dictated on phone or by other means such as emails or messaging apps. In the past, medical transcriptions were written roughly on the patient’s file for interpretation by the physician which used to become quite a mess. But in recent years, medical records have changed considerably.
Electronic records are being maintained which are stored electronically and printed selectively as the need arises. With today’s technology, many healthcare providers are using handheld PCs or personal data assistants and are now using the software provided in them for medical transcription. A growing number of medical providers are using the medical transcription to access the patient’s records and medical status. The digital format of the transcription allows for immediate remote access by any physician who is authorized. The medical transcription market industry is helping change the scenario of various healthcare industries.
North America currently dominates in this field where it currently is the largest consumption place, with a consumption market share nearly 78.3% in 2017. Growth drivers for the market in North America are factors such as rise in aging population and passing of the Patient Protection and Affordable Healthcare Act, 2013. The key players in the medical transcription field are working to provide different means of improving the technology. To enhance the electronic process, the medical transcription market is providing ways and solutions to improve the quality of the electronic systems and working on making it more suitable and easy for healthcare professionals.
Key Players
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
LC Transcription Services
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Market Segmentation
The market segmentation of the medical transcription profession can be of two types as outsourcing and off-shoring. The outsourcing would be cost-effective and provide high quality and accurate medical records. It will reduce the infrastructure investment and can manage seasonal fluctuations in staffing. On the other hand, off-shoring by key players will ensure no backlogs and delays in transcription reports. Offshoring also helps in enhancing productivity and offshore linkages required for the success of medical transcriptions. The applications of medical transcription is vast and varies with the industry. Medical transcription is used in clinical laboratories, Academic Medical Centers, Hospitals and in ther healthcare service provider industries.
Regional Overview
The medical transcription market size is vast and holds a responsible share in the healthcare industry. Over the globe, the healthcare system is improving on a daily basis and changing the course of the healthcare industry. The regions which cover the market segment of medical transcription are Europe, China, Japan, Southeast Asia, India, United States, Central, and South America. The emerging markets are paving the way and the estimated market size is forecasted to increase rapidly in the forecast year 2019 to 2025. India and SouthEast Asia are appearing to dominate the outsourcing market for medical transcription. The healthcare key players are developing plans and strategies to provide flourishing electronic technologies in the near future.
Industry News
ZyDoc, a popular transcription service provider has launched a service that can be implemented quickly and is easy to use. It increases the doctor’s efficiency by 61% with dictation. The rising trends in the medical transcription profession include the advancement of the voice recognition software, globalization of the medical transcription workforce, to provide rigid security measures and to work on providing scientific developments in the field of connectivity and automation.
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Table Of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Market Analysis by Regions
5 North America by Country
6 Europe by Country
7 Asia-Pacific by Country
8 South America by Country
9 Middle East and Africa by Countries
10 Global Market Segment by Type
11 Global Market Segment by Application
12 Market Forecast (2019-2024)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
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