Global Medical Transcription IT Spending Market 2016-2020

  • ID: 3802099
  • Report
  • Region: Global
  • 54 pages
  • TechNavio
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FEATURED COMPANIES

  • 3M
  • Acusis
  • Ascend Healthcare Systems
  • DICT8
  • MModal
  • Precyse
  • MORE
About Medical Transcription

The process of medical transcription involves documentation of medical records from voice to text formats. Physicians record patient details in audio formats, which is sent to a transcriptionist to decode and store in a digital format. The clinical documentation solution is implemented to preserve patient records in text formats using digital technologies, to deliver quality patient care with high accuracy. Medical transcription documents are stored, shared, and exchanged by healthcare providers through integrated healthcare information systems.

The analysts forecast the global medical transcription IT spending market to grow at a CAGR of 6.48% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global medical transcription IT spending market for 2016-2020. To calculate the market size, the report considers the revenue generated through the transactions of medical transcription software, hardware and IT services.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Medical Transcription IT Spending Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Acusis
- iMedX
- MModal
- Nuance Communications
- Precyse

Other prominent vendors
- Accuro
- Amphion Medical
- Bytescribe
- Ascend Healthcare Systems
- DICT8
- Global Medical Transcription
- 3M
- Scribe Healthcare Technologies
- Sterling Transcription
- Transtech Medical Solutions
- Voxtab

Market drivers
- Need for digital healthcare ecosystem
- For a full, detailed list, view the full report

Market challenges
- System integration and interoperability issues
- For a full, detailed list, view the full report

Market trends
- Increased adoption of m-health solutions
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Acusis
  • Ascend Healthcare Systems
  • DICT8
  • MModal
  • Precyse
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market Landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end user
  • Global medical transcription IT spending market by end-users
PART 07: Geographical segmentation
  • Global medical transcription IT spending market by geography
PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 14: Key vendor analysis
  • Acusis
  • iMedX
  • MModal
  • Nuance Communications
  • Precyse
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Global medical transcription IT spending market 2015-2020 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Global medical transcription IT spending market by end user 2015
Exhibit 05: Global medical transcription IT spending market by geography 2015
Exhibit 06: Impact of drivers
Exhibit 07: Impact of drivers and challenges
Exhibit 08: Other prominent vendors
Exhibit 09: Nuance Communications: Business segmentation by revenue 2014
Exhibit 10: Nuance Communications: Business segmentation by revenue 2013 and 2014
Exhibit 11: Nuance Communications: Geographical segmentation by revenue 2014
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FEATURED COMPANIES

  • 3M
  • Acusis
  • Ascend Healthcare Systems
  • DICT8
  • MModal
  • Precyse
  • MORE
New Report Released: – Global Medical Transcription IT Spending Market 2016-2020

The author of the report recognizes the following companies as the key players in the global medical transcription IT spending market: Acusis, iMedX, MModal, Nuance Communications, and Precyse.

Other Prominent Vendors in the market are: Accuro, Amphion Medical, Bytescribe, Ascend Healthcare Systems, DICT8, Global Medical Transcription, 3M, Scribe Healthcare Technologies, Sterling Transcription, Transtech Medical Solutions, and Voxtab.

Commenting on the report, an analyst from the research team said: “Emergence of speech recognition software will be a key trend for market growth. Speech recognition software has changed the whole process of medical transcription. Such software converts speech to text directly and reduces physicians' efforts to record and send audio files for transcription. Such software makes the time-consuming process of transcription easy and simple. Speech recognition software packages have built-in safeguards that lower the risks of data breaches.”

According to the report, one of the key drivers for market growth will be need for digital healthcare ecosystem. The healthcare industry is shifting from paper-based information management to digital document management. The enormous amounts of patient data generated in hospitals and clinics can be managed through the use of digital technology, such as analytical tools, healthcare information management systems, and digital document management systems.

Further, the report states that system integration and interoperability issues will be a challenge for the market. The rising use of EHR in hospitals is creating vendor problems in terms of integrating medical transcription systems and other healthcare systems with EHR. Seamless integration is required to provide uninterrupted healthcare services. Healthcare information systems are deployed in line with the capacity and requirements of hospitals. Therefore, interoperability issues arise in the integration of different healthcare technologies. Both hardware and software technologies have undergone a lot of changes; in response, most hospitals and health care providers have accepted the change and embraced the use of cloud technologies, mobile devices/tablets, and a conversion to 64-bit operating systems. Therefore, most hardware vendors have a lot to consider while providing EHR

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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- Acusis
- iMedX
- MModal
- Nuance Communications
- Precyse
- Accuro
- Amphion Medical
- Bytescribe
- Ascend Healthcare Systems
- DICT8
- Global Medical Transcription
- 3M
- Scribe Healthcare Technologies
- Sterling Transcription
- Transtech Medical Solutions
- Voxtab
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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