What is Medical Transcription IT Spending Market?
Medical Transcription is a process of transcribing voice-recorded dictations by the healthcare professionals such as physicians and nurse practitioners pertaining to the patientís medical record into an electronic or paper format to create files that depict the treatment history of the patients. The medical transcription industry has undergone a massive shift as the arrival of relatively cheap and fairly accurate voice-recognition software has driven down the demand for human transcriptionists. This software reduces turnaround time, the dictating physician now must act as the proofreader as well.
The market study is being classified by Type (Software and Service), by Application (Hospitals, Physician Practices, Clinical Laboratories, Academic Medical Centers and Others) and major geographies with country level break-up.
Nuance Communications (United States), Nthrive Solutions, LLC (United States), The Accuro Group Inc. (United States), Acusis, LLC (United States), iMedX Inc. (United States), 3M Health Information Systems, Inc. (United States), Voxtab (United States), Amphion Medical Solutions, LLC (United States), Ascend Health Care Systems Llc (United States), Scribe Healthcare Technologies Inc. (United States), DICT8 (United Kingdom) and CBAY Transcription Services, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sterling Transcription (United States) and TransTech Medical Solutions (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Transcription IT Spending market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Medical Transcription IT Spending market by Type, Application and Region.
On the basis of geography, the market of Medical Transcription IT Spending has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Demand for Medical Transcription Software
- Increased Awareness about Digital Health Technologies
- Increasing Demand for Medical Transcription Services
- High Cost of the Medical Transcription Software
- Growth in the Service Industry
- Growing Healthcare IT Industry
- Privacy and Security Issues Associated with Patient's Medical Data
Key Target AudienceMedical Transcription Service Providers, Emerging Companies, Research Professionals and End-users
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