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Medical Transcription-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Medical Transcription market size is expected to reach US$ 33700 million by 2029, growing at a CAGR of 4.0% from 2023 to 2029. The market is mainly driven by the significant applications of Medical Transcription in various end use industries. The expanding demands from the Hospitals, Clinical Laboratories, Academic Medical Centers and Others, are propelling Medical Transcription market. Outsourcing, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Offshoring segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Medical Transcription, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Medical Transcription market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Medical Transcription market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medical Transcription sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Medical Transcription covered in this report include Mmodal, Nuance Communications, Transcend Services, Acusis, iMedX Information Services, MTBC, nThrive, Medi-Script Plus and Outsource2india, etc.
The global Medical Transcription market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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 market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Medical Transcription market, Segment by Type:
Outsourcing
Offshoring
Global Medical Transcription market, by Application
Hospitals
Clinical Laboratories
Academic Medical Centers
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Medical Transcription companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Medical Transcription market size is expected to reach US$ 33700 million by 2029, growing at a CAGR of 4.0% from 2023 to 2029. The market is mainly driven by the significant applications of Medical Transcription in various end use industries. The expanding demands from the Hospitals, Clinical Laboratories, Academic Medical Centers and Others, are propelling Medical Transcription market. Outsourcing, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Offshoring segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Medical Transcription, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Medical Transcription market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Medical Transcription market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medical Transcription sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Medical Transcription covered in this report include Mmodal, Nuance Communications, Transcend Services, Acusis, iMedX Information Services, MTBC, nThrive, Medi-Script Plus and Outsource2india, etc.
The global Medical Transcription market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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 market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Medical Transcription market, Segment by Type:
Outsourcing
Offshoring
Global Medical Transcription market, by Application
Hospitals
Clinical Laboratories
Academic Medical Centers
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Medical Transcription companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Medical Transcription
1.1 Medical Transcription Market Overview
1.1.1 Medical Transcription Product Scope
1.1.2 Medical Transcription Market Status and Outlook
1.2 Global Medical Transcription Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Medical Transcription Market Size by Region (2018-2029)
1.4 Global Medical Transcription Historic Market Size by Region (2018-2023)
1.5 Global Medical Transcription Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Medical Transcription Market Size (2018-2029)
1.6.1 North America Medical Transcription Market Size (2018-2029)
1.6.2 Europe Medical Transcription Market Size (2018-2029)
1.6.3 Asia-Pacific Medical Transcription Market Size (2018-2029)
1.6.4 Latin America Medical Transcription Market Size (2018-2029)
1.6.5 Middle East & Africa Medical Transcription Market Size (2018-2029)
2 Medical Transcription Market by Type
2.1 Introduction
2.1.1 Outsourcing
2.1.2 Offshoring
2.2 Global Medical Transcription Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Medical Transcription Historic Market Size by Type (2018-2023)
2.2.2 Global Medical Transcription Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Medical Transcription Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Medical Transcription Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Medical Transcription Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Medical Transcription Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Medical Transcription Revenue Breakdown by Type (2018-2029)
3 Medical Transcription Market Overview by Application
3.1 Introduction
3.1.1 Hospitals
3.1.2 Clinical Laboratories
3.1.3 Academic Medical Centers
3.1.4 Others
3.2 Global Medical Transcription Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Medical Transcription Historic Market Size by Application (2018-2023)
3.2.2 Global Medical Transcription Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Medical Transcription Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Medical Transcription Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Medical Transcription Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Medical Transcription Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Medical Transcription Revenue Breakdown by Application (2018-2029)
4 Medical Transcription Competition Analysis by Players
4.1 Global Medical Transcription Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Medical Transcription as of 2022)
4.3 Date of Key Players Enter into Medical Transcription Market
4.4 Global Top Players Medical Transcription Headquarters and Area Served
4.5 Key Players Medical Transcription Product Solution and Service
4.6 Competitive Status
4.6.1 Medical Transcription Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Mmodal
5.1.1 Mmodal Profile
5.1.2 Mmodal Main Business
5.1.3 Mmodal Medical Transcription Products, Services and Solutions
5.1.4 Mmodal Medical Transcription Revenue (US$ Million) & (2018-2023)
5.1.5 Mmodal Recent Developments
5.2 Nuance Communications
5.2.1 Nuance Communications Profile
5.2.2 Nuance Communications Main Business
5.2.3 Nuance Communications Medical Transcription Products, Services and Solutions
5.2.4 Nuance Communications Medical Transcription Revenue (US$ Million) & (2018-2023)
5.2.5 Nuance Communications Recent Developments
5.3 Transcend Services
5.3.1 Transcend Services Profile
5.3.2 Transcend Services Main Business
5.3.3 Transcend Services Medical Transcription Products, Services and Solutions
5.3.4 Transcend Services Medical Transcription Revenue (US$ Million) & (2018-2023)
5.3.5 Acusis Recent Developments
5.4 Acusis
5.4.1 Acusis Profile
5.4.2 Acusis Main Business
5.4.3 Acusis Medical Transcription Products, Services and Solutions
5.4.4 Acusis Medical Transcription Revenue (US$ Million) & (2018-2023)
5.4.5 Acusis Recent Developments
5.5 iMedX Information Services
5.5.1 iMedX Information Services Profile
5.5.2 iMedX Information Services Main Business
5.5.3 iMedX Information Services Medical Transcription Products, Services and Solutions
5.5.4 iMedX Information Services Medical Transcription Revenue (US$ Million) & (2018-2023)
5.5.5 iMedX Information Services Recent Developments
5.6 MTBC
5.6.1 MTBC Profile
5.6.2 MTBC Main Business
5.6.3 MTBC Medical Transcription Products, Services and Solutions
5.6.4 MTBC Medical Transcription Revenue (US$ Million) & (2018-2023)
5.6.5 MTBC Recent Developments
5.7 nThrive
5.7.1 nThrive Profile
5.7.2 nThrive Main Business
5.7.3 nThrive Medical Transcription Products, Services and Solutions
5.7.4 nThrive Medical Transcription Revenue (US$ Million) & (2018-2023)
5.7.5 nThrive Recent Developments
5.8 Medi-Script Plus
5.8.1 Medi-Script Plus Profile
5.8.2 Medi-Script Plus Main Business
5.8.3 Medi-Script Plus Medical Transcription Products, Services and Solutions
5.8.4 Medi-Script Plus Medical Transcription Revenue (US$ Million) & (2018-2023)
5.8.5 Medi-Script Plus Recent Developments
5.9 Outsource2india
5.9.1 Outsource2india Profile
5.9.2 Outsource2india Main Business
5.9.3 Outsource2india Medical Transcription Products, Services and Solutions
5.9.4 Outsource2india Medical Transcription Revenue (US$ Million) & (2018-2023)
5.9.5 Outsource2india Recent Developments
5.10 TransPerfect
5.10.1 TransPerfect Profile
5.10.2 TransPerfect Main Business
5.10.3 TransPerfect Medical Transcription Products, Services and Solutions
5.10.4 TransPerfect Medical Transcription Revenue (US$ Million) & (2018-2023)
5.10.5 TransPerfect Recent Developments
5.11 VIVA Transcription
5.11.1 VIVA Transcription Profile
5.11.2 VIVA Transcription Main Business
5.11.3 VIVA Transcription Medical Transcription Products, Services and Solutions
5.11.4 VIVA Transcription Medical Transcription Revenue (US$ Million) & (2018-2023)
5.11.5 VIVA Transcription Recent Developments
5.12 Medscribe
5.12.1 Medscribe Profile
5.12.2 Medscribe Main Business
5.12.3 Medscribe Medical Transcription Products, Services and Solutions
5.12.4 Medscribe Medical Transcription Revenue (US$ Million) & (2018-2023)
5.12.5 Medscribe Recent Developments
5.13 Pacific Solutions
5.13.1 Pacific Solutions Profile
5.13.2 Pacific Solutions Main Business
5.13.3 Pacific Solutions Medical Transcription Products, Services and Solutions
5.13.4 Pacific Solutions Medical Transcription Revenue (US$ Million) & (2018-2023)
5.13.5 Pacific Solutions Recent Developments
5.14 Same Day transcriptions
5.14.1 Same Day transcriptions Profile
5.14.2 Same Day transcriptions Main Business
5.14.3 Same Day transcriptions Medical Transcription Products, Services and Solutions
5.14.4 Same Day transcriptions Medical Transcription Revenue (US$ Million) & (2018-2023)
5.14.5 Same Day transcriptions Recent Developments
5.15 DoctorDocs
5.15.1 DoctorDocs Profile
5.15.2 DoctorDocs Main Business
5.15.3 DoctorDocs Medical Transcription Products, Services and Solutions
5.15.4 DoctorDocs Medical Transcription Revenue (US$ Million) & (2018-2023)
5.15.5 DoctorDocs Recent Developments
5.16 World Wide Dictation
5.16.1 World Wide Dictation Profile
5.16.2 World Wide Dictation Main Business
5.16.3 World Wide Dictation Medical Transcription Products, Services and Solutions
5.16.4 World Wide Dictation Medical Transcription Revenue (US$ Million) & (2018-2023)
5.16.5 World Wide Dictation Recent Developments
5.17 Athreon
5.17.1 Athreon Profile
5.17.2 Athreon Main Business
5.17.3 Athreon Medical Transcription Products, Services and Solutions
5.17.4 Athreon Medical Transcription Revenue (US$ Million) & (2018-2023)
5.17.5 Athreon Recent Developments
5.18 BVS Transtech
5.18.1 BVS Transtech Profile
5.18.2 BVS Transtech Main Business
5.18.3 BVS Transtech Medical Transcription Products, Services and Solutions
5.18.4 BVS Transtech Medical Transcription Revenue (US$ Million) & (2018-2023)
5.18.5 BVS Transtech Recent Developments
5.19 Excel Transcriptions
5.19.1 Excel Transcriptions Profile
5.19.2 Excel Transcriptions Main Business
5.19.3 Excel Transcriptions Medical Transcription Products, Services and Solutions
5.19.4 Excel Transcriptions Medical Transcription Revenue (US$ Million) & (2018-2023)
5.19.5 Excel Transcriptions Recent Developments
5.20 GMT
5.20.1 GMT Profile
5.20.2 GMT Main Business
5.20.3 GMT Medical Transcription Products, Services and Solutions
5.20.4 GMT Medical Transcription Revenue (US$ Million) & (2018-2023)
5.20.5 GMT Recent Developments
5.21 LC Transcription Services
5.21.1 LC Transcription Services Profile
5.21.2 LC Transcription Services Main Business
5.21.3 LC Transcription Services Medical Transcription Products, Services and Solutions
5.21.4 LC Transcription Services Medical Transcription Revenue (US$ Million) & (2018-2023)
5.21.5 LC Transcription Services Recent Developments
6 North America
6.1 North America Medical Transcription Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Medical Transcription Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Medical Transcription Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Medical Transcription Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Medical Transcription Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Medical Transcription Market Dynamics
11.1 Medical Transcription Industry Trends
11.2 Medical Transcription Market Drivers
11.3 Medical Transcription Market Challenges
11.4 Medical Transcription Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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