Report Detail
Global Medical Transcription Services Market Growth (Status and Outlook) 2019-2024
- RnM2975297 |
- 18 February, 2019 |
- Global |
- 150 Pages |
- LPI(LP Information) |
- Service & Software
Medical transcription, also known as MT, is an allied health profession dealing with the process of transcribing voice-recorded medical reports that are dictated by physicians, nurses and other healthcare practitioners. Medical reports can be voice files, notes taken during a lecture, or other spoken material. These are dictated over the phone or uploaded digitally via the Internet or through smart phone apps.
Medical transcription (MT) is an allied health profession, which deals in the process of transcription, or converting voice-recorded reports as dictated by physicians or other healthcare professionals, into text format. Medical transcription services provide the groundwork for the adoption of electronic medical records (EMR) system. Medical transcription services allow hospitals and providers to outsource a critical business process, reduce costs, and improve the quality of medical documentation, without additional capital investment. The global medical transcription services market is primarily driven by adoption of medical documentation and recording systems, government’s initiatives in health information infrastructure, implementation of EHRs, technological innovations through the use of electronic technology to reduce turnaround time, increasing focus on lowering costs and increasing productivity and improving the quality of patient care while ensuring patient’s safety.
North America is the largest consumption place, with a consumption market share nearly 78.3% in 2017. North America currently dominates and is expected to retain its position in the medical transcription services market in the future. Growth drivers for this market in North America are factors such as rise in aging population and passing of Patient Protection and Affordable Healthcare Act, 2013.
According to this study, over the next five years the Medical Transcription Services market will register a 5.5% CAGR in terms of revenue, the global market size will reach US$ 6900 million by 2024, from US$ 5000 million in 2019. In particular, this report presents the global revenue market share of key companies in Medical Transcription Services business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Medical Transcription Services market by product type, application, key companies and key regions.
This study considers the Medical Transcription Services value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Outsourcing
Offshoring
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Hospitals
Clinical Laboratories
Academic Medical Centers
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Medical Transcription Services market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Medical Transcription Services market by identifying its various subsegments.
Focuses on the key global Medical Transcription Services players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Medical Transcription Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Medical Transcription Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Medical Transcription Services Market Report (Status and Outlook)
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Medical Transcription Services Market Size 2014-2024
- 2.1.2 Medical Transcription Services Market Size CAGR by Region
- 2.2 Medical Transcription Services Segment by Type
- 2.2.1 Outsourcing
- 2.2.2 Offshoring
- 2.3 Medical Transcription Services Market Size by Type
- 2.3.1 Global Medical Transcription Services Market Size Market Share by Type (2014-2019)
- 2.3.2 Global Medical Transcription Services Market Size Growth Rate by Type (2014-2019)
- 2.4 Medical Transcription Services Segment by Application
- 2.4.1 Hospitals
- 2.4.2 Clinical Laboratories
- 2.4.3 Academic Medical Centers
- 2.4.4 Other
- 2.5 Medical Transcription Services Market Size by Application
- 2.5.1 Global Medical Transcription Services Market Size Market Share by Application (2014-2019)
- 2.5.2 Global Medical Transcription Services Market Size Growth Rate by Application (2014-2019)
3 Global Medical Transcription Services by Players
- 3.1 Global Medical Transcription Services Market Size Market Share by Players
- 3.1.1 Global Medical Transcription Services Market Size by Players (2017-2019)
- 3.1.2 Global Medical Transcription Services Market Size Market Share by Players (2017-2019)
- 3.2 Global Medical Transcription Services Key Players Head office and Products Offered
- 3.3 Market Concentration Rate Analysis
- 3.3.1 Competition Landscape Analysis
- 3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.4 New Products and Potential Entrants
- 3.5 Mergers & Acquisitions, Expansion
4 Medical Transcription Services by Regions
- 4.1 Medical Transcription Services Market Size by Regions
- 4.2 Americas Medical Transcription Services Market Size Growth
- 4.3 APAC Medical Transcription Services Market Size Growth
- 4.4 Europe Medical Transcription Services Market Size Growth
- 4.5 Middle East & Africa Medical Transcription Services Market Size Growth
5 Americas
- 5.1 Americas Medical Transcription Services Market Size by Countries
- 5.2 Americas Medical Transcription Services Market Size by Type
- 5.3 Americas Medical Transcription Services Market Size by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Medical Transcription Services Market Size by Countries
- 6.2 APAC Medical Transcription Services Market Size by Type
- 6.3 APAC Medical Transcription Services Market Size by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Medical Transcription Services by Countries
- 7.2 Europe Medical Transcription Services Market Size by Type
- 7.3 Europe Medical Transcription Services Market Size by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Medical Transcription Services by Countries
- 8.2 Middle East & Africa Medical Transcription Services Market Size by Type
- 8.3 Middle East & Africa Medical Transcription Services Market Size by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Global Medical Transcription Services Market Forecast
- 10.1 Global Medical Transcription Services Market Size Forecast (2019-2024)
- 10.2 Global Medical Transcription Services Forecast by Regions
- 10.2.1 Global Medical Transcription Services Forecast by Regions (2019-2024)
- 10.2.2 Americas Market Forecast
- 10.2.3 APAC Market Forecast
- 10.2.4 Europe Market Forecast
- 10.2.5 Middle East & Africa Market Forecast
- 10.3 Americas Forecast by Countries
- 10.3.1 United States Market Forecast
- 10.3.2 Canada Market Forecast
- 10.3.3 Mexico Market Forecast
- 10.3.4 Brazil Market Forecast
- 10.4 APAC Forecast by Countries
- 10.4.1 China Market Forecast
- 10.4.2 Japan Market Forecast
- 10.4.3 Korea Market Forecast
- 10.4.4 Southeast Asia Market Forecast
- 10.4.5 India Market Forecast
- 10.4.6 Australia Market Forecast
- 10.5 Europe Forecast by Countries
- 10.5.1 Germany Market Forecast
- 10.5.2 France Market Forecast
- 10.5.3 UK Market Forecast
- 10.5.4 Italy Market Forecast
- 10.5.5 Russia Market Forecast
- 10.5.6 Spain Market Forecast
- 10.6 Middle East & Africa Forecast by Countries
- 10.6.1 Egypt Market Forecast
- 10.6.2 South Africa Market Forecast
- 10.6.3 Israel Market Forecast
- 10.6.4 Turkey Market Forecast
- 10.6.5 GCC Countries Market Forecast
- 10.7 Global Medical Transcription Services Forecast by Type
- 10.8 Global Medical Transcription Services Forecast by Application
11 Key Players Analysis
- 11.1 Mmodal
- 11.1.1 Company Details
- 11.1.2 Medical Transcription Services Product Offered
- 11.1.3 Mmodal Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.1.4 Main Business Overview
- 11.1.5 Mmodal News
- 11.2 Nuance Communications
- 11.2.1 Company Details
- 11.2.2 Medical Transcription Services Product Offered
- 11.2.3 Nuance Communications Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.2.4 Main Business Overview
- 11.2.5 Nuance Communications News
- 11.3 Transcend Services
- 11.3.1 Company Details
- 11.3.2 Medical Transcription Services Product Offered
- 11.3.3 Transcend Services Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.3.4 Main Business Overview
- 11.3.5 Transcend Services News
- 11.4 Acusis
- 11.4.1 Company Details
- 11.4.2 Medical Transcription Services Product Offered
- 11.4.3 Acusis Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.4.4 Main Business Overview
- 11.4.5 Acusis News
- 11.5 iMedX Information Services
- 11.5.1 Company Details
- 11.5.2 Medical Transcription Services Product Offered
- 11.5.3 iMedX Information Services Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.5.4 Main Business Overview
- 11.5.5 iMedX Information Services News
- 11.6 MTBC
- 11.6.1 Company Details
- 11.6.2 Medical Transcription Services Product Offered
- 11.6.3 MTBC Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.6.4 Main Business Overview
- 11.6.5 MTBC News
- 11.7 nThrive
- 11.7.1 Company Details
- 11.7.2 Medical Transcription Services Product Offered
- 11.7.3 nThrive Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.7.4 Main Business Overview
- 11.7.5 nThrive News
- 11.8 Medi-Script Plus
- 11.8.1 Company Details
- 11.8.2 Medical Transcription Services Product Offered
- 11.8.3 Medi-Script Plus Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.8.4 Main Business Overview
- 11.8.5 Medi-Script Plus News
- 11.9 Outsource2india
- 11.9.1 Company Details
- 11.9.2 Medical Transcription Services Product Offered
- 11.9.3 Outsource2india Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.9.4 Main Business Overview
- 11.9.5 Outsource2india News
- 11.10 TransPerfect
- 11.10.1 Company Details
- 11.10.2 Medical Transcription Services Product Offered
- 11.10.3 TransPerfect Medical Transcription Services Revenue, Gross Margin and Market Share (2017-2019)
- 11.10.4 Main Business Overview
- 11.10.5 TransPerfect News
- 11.11 VIVA Transcription
- 11.12 Medscribe
- 11.13 Pacific Solutions
- 11.14 Same Day transcriptions
- 11.15 DoctorDocs
- 11.16 World Wide Dictation
- 11.17 Athreon
- 11.18 BVS Transtech
- 11.19 Excel Transcriptions
- 11.20 GMT
- 11.21 LC Transcription Services
12 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on Medical Transcription Services . Industry analysis & Market Report on Medical Transcription Services is a syndicated market report, published as Global Medical Transcription Services Market Growth (Status and Outlook) 2019-2024. It is complete Research Study and Industry Analysis of Medical Transcription Services market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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