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(Medical-NewsWire.com, September 08, 2018 ) Global Medical Transcription Services Market 2018-2023
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.
Scope of the Global Medical Transcription Services Market Report
This report focuses on the Medical Transcription Services in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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The global Medical Transcription Services market is valued at 5000 million USD in 2017 and is expected to reach 6900 million USD by the end of 2023, growing at a CAGR of 5.5% between 2017 and 2023.
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.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Medical Transcription Services.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
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This report covers Analysis of Global Medical Transcription Services Market Segment by Manufacturers
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
Global Medical Transcription Services Market Segment by regional analysis covers
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Medical Transcription Services Market Segment by Type
Outsourcing
Offshoring
Global Medical Transcription Services Market Segment by Applications, can be divided into
Hospitals
Clinical Laboratories
Academic Medical Centers
Other
Some of the Points cover in Global Medical Transcription Services Market Research Report is:
Chapter 1: Describe Medical Transcription Services Industry
Introduction,
Product Scope,
Market Overview,
Market Opportunities,
Market Risk,
Market Driving Force
Chapter 2: To analyze the top manufacturers of Medical Transcription Services Industry in 2016 and 2017
Sales
Revenue and price
Chapter 3: Competitive analysis among the top manufacturers in 2016 and 2017
Sales
Revenue and market share
Chapter 4: Global Medical Transcription Services Market by regions from 2013 to 2018
Sales
Revenue and market share
Chapter 5, 6, 7 and 8: Global Medical Transcription Services Market by key countries in these regions
Sales
Revenue and market share
Chapter 9 and 10: Global Medical Transcription Services Market by type and application from 2013 to 2018
Sales
Revenue and market share
Growth rate
Chapter 11:Medical Transcription Services Industry Market forecast from 2018 to 2023
Regions
Type and application with sales and revenue
Chapter 12 and 13:Medical Transcription Services Industry
Sales channel
Distributors
Traders and dealers
Appendix
Data source
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