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Global Medical Transcription Services Market 2018 Industry Research Report

This report focuses on the global Medical Transcription Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Transcription Services development in United States, Europe and China. 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. In 2017, the global Medical Transcription Services market size was 5000 million US$ and it is expected to reach 7670 million US$ by the end of 2025, with a CAGR of 5.5% during 2018-2025. The key players covered in this study 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 Market segment by Type, the product can be split into Outsourcing Offshoring Market segment by Application, split into Hospitals Clinical Laboratories Academic Medical Centers Other Market segment by Regions/Countries, this report covers United States Europe China Japan Southeast Asia India Central & South America The study objectives of this report are: To analyze global Medical Transcription Services status, future forecast, growth opportunity, key market and key players. To present the Medical Transcription Services development in United States, Europe and China. To strategically profile the key players and comprehensively analyze their development plan and strategies. To define, describe and forecast the market by product type, market and key regions. In this study, the years considered to estimate the market size of Medical Transcription Services are as follows: History Year: 2013-2017 Base Year: 2017 Estimated Year: 2018 Forecast Year 2018 to 2025 For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Contents 1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Players Covered 1.4 Market Analysis by Type 1.4.1 Global Medical Transcription Services Market Size Growth Rate by Type (2013-2025) 1.4.2 Outsourcing 1.4.3 Offshoring 1.5 Market by Application 1.5.1 Global Medical Transcription Services Market Share by App
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About this Report
Report ID 207122
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Published on 15-Aug
Number of Pages 109
Publisher Name QY Research
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