Global Medical Transcription Market Size 2020: Growth, Demand and Forecast Research Report to 2025

According to the new research report by IMARC Group. the global medical transcription market reached a value of US$ 59.7 Billion in 2019. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years.

Medical transcription (MT) refers to the processing of transcribing verbal dictations of medical reports for the records of healthcare professionals, insurance claims, and patient’s medical charts. The process starts with the healthcare professional recording vital information related to the patient into a digital recording device, such as a hand-held digital recorder or personal computer (PC). The superior quality of the audio recording is preferred as the quality directly affects the accuracy of the transcribed files. Once transcribed, the data is then checked thoroughly to eliminate minor errors and ensure accuracy. The files are further forwarded to the professional for a final review, following which the patient and hospital receive the reviewed transcribed documents. This process aids in improving patient care quality, augmenting operational efficiency and preparing an ideal treatment plan for the patients.

Global Medical Transcription Market Trends:

The global market is primarily driven by the increasing need for digital documentation of medical data. This, along with a rise in the adoption of healthcare IT solutions, such as electronic health records (EHRs), is providing a thrust to the growth of the market. Apart from this, the introduction of voice recognition software is also expected to facilitate the market growth in the upcoming years. This software can be utilized to automate the process of MT without the need for human intervention. For instance, MModal LLC, a Tennessee-based healthcare software solution provider, launched Fluency Direct, which is a cloud-based software that works with over 200 EHRs for faster and higher quality documentation at lower costs. Furthermore, governments of numerous countries are taking initiatives to regulate the healthcare information infrastructure, which is expected to create a positive outlook for the market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/medical-transcription-market/requestsample

Global Medical Transcription Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the major players in the market are Acusis, Transcend Services, Naunce Communications, MModal, iMedX Information Services, Global Medical Transcription, nThrive, MTBC, Medi-Script Plus, Transtech Medical Solutions, etc.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/medical-transcription-market

Key Market Segmentation:

Breakup by Service Type:

• History and Physical Report
• Discharge Summary
• Operative Note or Report
• Consultation Report
• Others (Pathology Report, Radiology Report, etc.)

Breakup by Technology:

• EMR/EHR
• PACS
• RIS
• SRT
• Others

Market Breakup by Mode of Procurement:

• Outsourcing
• Offshoring
• Both

Breakup by End User:

• Hospitals
• Clinics
• Clinical Laboratories
• Academic Medical Centers
• Others

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

30 N Gould St

Ste R
Sheridan, WY 82801
USA
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

場所: United States

コメント

コメントを投稿

このブログの人気の投稿

Telehealth Market Size, Industry Trends, Share, Growth and Report 2024-2032

イメージ
 The latest report by IMARC Group, titled “ Telehealth Market Report by Component (Software, Hardware, Services), Communication Technology (Video Conferencing, mHealth Solutions, and Others), Hosting Type (Cloud-Based and Web-Based, On-Premises), Application (Teleconsultation and Telementoring, Medical Education and Training, Teleradiology, Telecardiology, Tele-ICU, Tele-Psychiatry, Tele-Dermatology, and Others), End-User (Providers, Patients, Payers, and Others), and Region 2024-2032 “, The global telehealth market size reached US$ 19.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 97.3 Billion by 2032, exhibiting a growth rate (CAGR) of 19.7% during 2024-2032. Factors Affecting the Growth of the Telehealth Industry: Technological Advancements: The telehealth market is transformed by rapid innovations in digital health technologies. Mobile health applications are democratizing access to healthcare services, enabling patients to manage their health more
続きを読む

Precast Concrete Market Size, Growth, Share, Trends And Forecast 2023-2028

イメージ
 The latest report by IMARC Group, titled “ Precast Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The global precast concrete market size reached US$ 122.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 166.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.  Precast concrete is prepared, cast, and cured at an off-site location using a reusable mold, usually in a controlled factory environment. The precast concrete components are transported to the construction site after curing and assembled to create a complete structure. It is generally used to construct structural components, including wall panels, beams, columns, floors, pipes, staircases, tunnels, and girders. It is cost-effective, saves construction time, and offers more durability and dimensional accuracy than traditional concrete. In addition, its elements can be easily rearranged, making it easier to plan for future
続きを読む

Global Fluid Loss Additives Market Size, Industry Trends, Share, Growth and Report 2024-2032

イメージ
 The latest report by IMARC Group, titled “ Fluid Loss Additives Market Report by Type (Synthetically Modified, Natural Additives, Synthetic Additives), Application (Drilling Fluids, Cement Slurries), and Region 2024-2032 “, The global fluid loss additives market size reached US$ 300.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 394.8 Million by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032. Factors Affecting the Growth of Fluid Loss Additives Industry: Increasing Drilling Activities in the Oil and Gas Industry: Drilling activities in the oil and gas industry are a primary driver for the fluid loss additives market. As global energy demand continues to rise, the exploration and production of hydrocarbons are expanding to meet this demand. In this context, fluid loss additives play a crucial role in drilling operations, particularly in preventing the loss of drilling fluids into porous formations during drilling. The rise in offshore a
続きを読む