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(Medical-NewsWire.com, August 18, 2016 ) Technavio Announces the Publication of its Research Report – Global Medical Transcription IT Spending Market 2016-2020
Technavio 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.
Browse full report with TOC@ https://marketreportscenter.com/reports/349522/global-medical-transcription-it-spending-market-2016-2020
Commenting on the report, an analyst from Technavio’s 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 HER
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.
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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.
Technavio’s 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
Technavio's 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.
To Get Discount On The Report @ https://marketreportscenter.com/request-discount/349522
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
info@marketreportscenter.com
Market Reports Center
Sam Collins
1-646-883-3044
sam@marketreportscenter.com
Source: EmailWire.Com 
Source: EmailWire.com
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