The global medical transcription software market will benefit from the growing penetration of technology and automation in several applications across the healthcare industry. According to a report published by Fortune Business Insights, titled “Medical Transcription Software Market Size, Share & Industry Analysis, By Deployment (Cloud/Web-based and Installed/On-Premises), By End User Facility (Hospitals, Diagnostic Centers, Clinics, and Others), By Type (Voice Capture and Voice Recognition), By End User (Radiologists, Surgeons, Clinicians, and Others) and Regional Forecast, 2019-2026,” the market was valued at USD 1.17 Billion in 2018, and is projected to reach USD 3.84 Billion by 2026, exhibiting a CAGR of 16.5% during the forecast period.
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The report on medical transcription software market highlights leading regions across the world, with a view to providing a better understanding of the user. The report provides insights into the latest industry trends and analyzes technologies that are being deployed at a rapid pace, globally. Various growth-stimulating factors have been listed out in the report, with primary focus on performance of the market in recent years.
Leading Players operating in the Medical Transcription Software Market are:
- Nuance Communications, Inc.
- M*Modal IP LLC (3M)
- Dolbey
- Acusis LLC
- Voicebrook, Inc.
- Speech Processing Solutions GmbH (Philips Dictation)
- Xelex Digital LLC (WebChartMD)
- nThrive, Inc.
- Scribe Technology Solutions
- ZyDoc Medical Transcription
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/medical-transcription-software-market-101572
Driven by Favorable Government Regulations, North America to Establish a Dominance
Based on regional demographics, the report classifies the market into Europe, Asia Pacific, North America, Latin America, the Middle East and Africa, and North America. Among these regions, Fortune Business Insights has predicted North America to hold the higest market share in the coming years. The regulations imposed by governing bodies in this regions have emerged in favor of the use of this software.
Moreover, increasing investment in cloud development and deployment will contribute to the growth of the market in North America. As of 2018, the medical transcription software market in North America was valued at USD 562.2 Million and this value is likely to increase at a rapid pace driven by the aforementioned factors.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments- Partnerships, Mergers and Acquisitions
- Technological Developments in Medical Transcription Software
- Revenue Models and Key Features of Solutions for Selective Players
- Transcription Services versus Voice Recognition Software- Pros and Cons
- Start-ups Scenario in Medical Transcription Software & Voice Based Technologies
- Overview of CAPD (Computer Assisted Physician Documentation)
- Penetration and Available Market of Voice Recognition in U.S. & Europe
- Profitability of the Major Companies
- Global Medical Transcription Software Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Deployment
- Cloud/Web-based
- Installed/ On Premises
- Market Analysis, Insights and Forecast – By End-User Facility
- Hospitals
- Diagnostic Centers
- Clinics
- Others
- Market Analysis, Insights and Forecast – By Type
- Voice Capture
- Voice Recognition
- Market Analysis, Insights and Forecast – By End-User
- Radiologists
- Surgeons
- Clinicians
- Others (Allied health professionals, etc.)
- Market Analysis, Insights and Forecast – By Country
- North America
- Europe
- Asia Pacific
- Rest of World
- North America Medical Transcription Software Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Deployment
- Cloud/Web-based
- Installed/ On Premises
- Market Analysis – By End-User Facility
- Hospitals
- Diagnostic Centers
- Clinics
- Others
- Market Analysis – By Type
- Voice Capture
- Voice Recognition
- Market Analysis – By End-User
- Radiologists
- Surgeons
- Clinicians
- Others (Allied health professionals, etc.)
- Market Analysis – By Country
- U.S.
- Canada
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