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Medical Transcription Software (MTS)-Global Market Insights and Sales Trends 2024
Synopsis
The global Medical Transcription Software (MTS) market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Medical Transcription Software (MTS) in various end use industries. The expanding demands from the Physicians, Diagnostic Labs, Pharmacists and Others, are propelling Medical Transcription Software (MTS) market. Web-Based MTS, 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 Cloud Based MTS segment is estimated at % CAGR for the next seven-year period.
The global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
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 Software (MTS), 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 Software (MTS) 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 Software (MTS) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medical Transcription Software (MTS) 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 Software (MTS) covered in this report include Nagarsoft, Nuance, EvolveMed, Acusis, SMARTMD, Narratek, Entrada, NCH Software and M*Modal, etc.
The global Medical Transcription Software (MTS) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nagarsoft
Nuance
EvolveMed
Acusis
SMARTMD
Narratek
Entrada
NCH Software
M*Modal
Totalmed Transcription
Cybernation Infotech
Mercedes Transcription
MTBC
NuScribe
MDofficeManager
Webgazer Software Company
TransDyne
Athreon
Global Medical Transcription Software (MTS) 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 Software (MTS) market, Segment by Type:
Web-Based MTS
Cloud Based MTS
On-Premise MTS
Global Medical Transcription Software (MTS) market, by Application
Physicians
Diagnostic Labs
Pharmacists
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 Software (MTS) 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
The global Medical Transcription Software (MTS) market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Medical Transcription Software (MTS) in various end use industries. The expanding demands from the Physicians, Diagnostic Labs, Pharmacists and Others, are propelling Medical Transcription Software (MTS) market. Web-Based MTS, 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 Cloud Based MTS segment is estimated at % CAGR for the next seven-year period.
The global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
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 Software (MTS), 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 Software (MTS) 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 Software (MTS) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medical Transcription Software (MTS) 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 Software (MTS) covered in this report include Nagarsoft, Nuance, EvolveMed, Acusis, SMARTMD, Narratek, Entrada, NCH Software and M*Modal, etc.
The global Medical Transcription Software (MTS) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nagarsoft
Nuance
EvolveMed
Acusis
SMARTMD
Narratek
Entrada
NCH Software
M*Modal
Totalmed Transcription
Cybernation Infotech
Mercedes Transcription
MTBC
NuScribe
MDofficeManager
Webgazer Software Company
TransDyne
Athreon
Global Medical Transcription Software (MTS) 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 Software (MTS) market, Segment by Type:
Web-Based MTS
Cloud Based MTS
On-Premise MTS
Global Medical Transcription Software (MTS) market, by Application
Physicians
Diagnostic Labs
Pharmacists
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 Software (MTS) 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 Software (MTS)
1.1 Medical Transcription Software (MTS) Market Overview
1.1.1 Medical Transcription Software (MTS) Product Scope
1.1.2 Medical Transcription Software (MTS) Market Status and Outlook
1.2 Global Medical Transcription Software (MTS) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Medical Transcription Software (MTS) Market Size by Region (2018-2029)
1.4 Global Medical Transcription Software (MTS) Historic Market Size by Region (2018-2023)
1.5 Global Medical Transcription Software (MTS) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Medical Transcription Software (MTS) Market Size (2018-2029)
1.6.1 North America Medical Transcription Software (MTS) Market Size (2018-2029)
1.6.2 Europe Medical Transcription Software (MTS) Market Size (2018-2029)
1.6.3 Asia-Pacific Medical Transcription Software (MTS) Market Size (2018-2029)
1.6.4 Latin America Medical Transcription Software (MTS) Market Size (2018-2029)
1.6.5 Middle East & Africa Medical Transcription Software (MTS) Market Size (2018-2029)
2 Medical Transcription Software (MTS) Market by Type
2.1 Introduction
2.1.1 Web-Based MTS
2.1.2 Cloud Based MTS
2.1.3 On-Premise MTS
2.2 Global Medical Transcription Software (MTS) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Medical Transcription Software (MTS) Historic Market Size by Type (2018-2023)
2.2.2 Global Medical Transcription Software (MTS) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Medical Transcription Software (MTS) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Medical Transcription Software (MTS) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Medical Transcription Software (MTS) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Medical Transcription Software (MTS) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Medical Transcription Software (MTS) Revenue Breakdown by Type (2018-2029)
3 Medical Transcription Software (MTS) Market Overview by Application
3.1 Introduction
3.1.1 Physicians
3.1.2 Diagnostic Labs
3.1.3 Pharmacists
3.1.4 Others
3.2 Global Medical Transcription Software (MTS) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Medical Transcription Software (MTS) Historic Market Size by Application (2018-2023)
3.2.2 Global Medical Transcription Software (MTS) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Medical Transcription Software (MTS) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Medical Transcription Software (MTS) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Medical Transcription Software (MTS) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Medical Transcription Software (MTS) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Medical Transcription Software (MTS) Revenue Breakdown by Application (2018-2029)
4 Medical Transcription Software (MTS) Competition Analysis by Players
4.1 Global Medical Transcription Software (MTS) 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 Software (MTS) as of 2022)
4.3 Date of Key Players Enter into Medical Transcription Software (MTS) Market
4.4 Global Top Players Medical Transcription Software (MTS) Headquarters and Area Served
4.5 Key Players Medical Transcription Software (MTS) Product Solution and Service
4.6 Competitive Status
4.6.1 Medical Transcription Software (MTS) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Nagarsoft
5.1.1 Nagarsoft Profile
5.1.2 Nagarsoft Main Business
5.1.3 Nagarsoft Medical Transcription Software (MTS) Products, Services and Solutions
5.1.4 Nagarsoft Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.1.5 Nagarsoft Recent Developments
5.2 Nuance
5.2.1 Nuance Profile
5.2.2 Nuance Main Business
5.2.3 Nuance Medical Transcription Software (MTS) Products, Services and Solutions
5.2.4 Nuance Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.2.5 Nuance Recent Developments
5.3 EvolveMed
5.3.1 EvolveMed Profile
5.3.2 EvolveMed Main Business
5.3.3 EvolveMed Medical Transcription Software (MTS) Products, Services and Solutions
5.3.4 EvolveMed Medical Transcription Software (MTS) 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 Software (MTS) Products, Services and Solutions
5.4.4 Acusis Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.4.5 Acusis Recent Developments
5.5 SMARTMD
5.5.1 SMARTMD Profile
5.5.2 SMARTMD Main Business
5.5.3 SMARTMD Medical Transcription Software (MTS) Products, Services and Solutions
5.5.4 SMARTMD Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.5.5 SMARTMD Recent Developments
5.6 Narratek
5.6.1 Narratek Profile
5.6.2 Narratek Main Business
5.6.3 Narratek Medical Transcription Software (MTS) Products, Services and Solutions
5.6.4 Narratek Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.6.5 Narratek Recent Developments
5.7 Entrada
5.7.1 Entrada Profile
5.7.2 Entrada Main Business
5.7.3 Entrada Medical Transcription Software (MTS) Products, Services and Solutions
5.7.4 Entrada Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.7.5 Entrada Recent Developments
5.8 NCH Software
5.8.1 NCH Software Profile
5.8.2 NCH Software Main Business
5.8.3 NCH Software Medical Transcription Software (MTS) Products, Services and Solutions
5.8.4 NCH Software Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.8.5 NCH Software Recent Developments
5.9 M*Modal
5.9.1 M*Modal Profile
5.9.2 M*Modal Main Business
5.9.3 M*Modal Medical Transcription Software (MTS) Products, Services and Solutions
5.9.4 M*Modal Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.9.5 M*Modal Recent Developments
5.10 Totalmed Transcription
5.10.1 Totalmed Transcription Profile
5.10.2 Totalmed Transcription Main Business
5.10.3 Totalmed Transcription Medical Transcription Software (MTS) Products, Services and Solutions
5.10.4 Totalmed Transcription Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.10.5 Totalmed Transcription Recent Developments
5.11 Cybernation Infotech
5.11.1 Cybernation Infotech Profile
5.11.2 Cybernation Infotech Main Business
5.11.3 Cybernation Infotech Medical Transcription Software (MTS) Products, Services and Solutions
5.11.4 Cybernation Infotech Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.11.5 Cybernation Infotech Recent Developments
5.12 Mercedes Transcription
5.12.1 Mercedes Transcription Profile
5.12.2 Mercedes Transcription Main Business
5.12.3 Mercedes Transcription Medical Transcription Software (MTS) Products, Services and Solutions
5.12.4 Mercedes Transcription Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.12.5 Mercedes Transcription Recent Developments
5.13 MTBC
5.13.1 MTBC Profile
5.13.2 MTBC Main Business
5.13.3 MTBC Medical Transcription Software (MTS) Products, Services and Solutions
5.13.4 MTBC Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.13.5 MTBC Recent Developments
5.14 NuScribe
5.14.1 NuScribe Profile
5.14.2 NuScribe Main Business
5.14.3 NuScribe Medical Transcription Software (MTS) Products, Services and Solutions
5.14.4 NuScribe Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.14.5 NuScribe Recent Developments
5.15 MDofficeManager
5.15.1 MDofficeManager Profile
5.15.2 MDofficeManager Main Business
5.15.3 MDofficeManager Medical Transcription Software (MTS) Products, Services and Solutions
5.15.4 MDofficeManager Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.15.5 MDofficeManager Recent Developments
5.16 Webgazer Software Company
5.16.1 Webgazer Software Company Profile
5.16.2 Webgazer Software Company Main Business
5.16.3 Webgazer Software Company Medical Transcription Software (MTS) Products, Services and Solutions
5.16.4 Webgazer Software Company Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.16.5 Webgazer Software Company Recent Developments
5.17 TransDyne
5.17.1 TransDyne Profile
5.17.2 TransDyne Main Business
5.17.3 TransDyne Medical Transcription Software (MTS) Products, Services and Solutions
5.17.4 TransDyne Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.17.5 TransDyne Recent Developments
5.18 Athreon
5.18.1 Athreon Profile
5.18.2 Athreon Main Business
5.18.3 Athreon Medical Transcription Software (MTS) Products, Services and Solutions
5.18.4 Athreon Medical Transcription Software (MTS) Revenue (US$ Million) & (2018-2023)
5.18.5 Athreon Recent Developments
6 North America
6.1 North America Medical Transcription Software (MTS) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Medical Transcription Software (MTS) 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 Software (MTS) 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 Software (MTS) 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 Software (MTS) 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 Software (MTS) Market Dynamics
11.1 Medical Transcription Software (MTS) Industry Trends
11.2 Medical Transcription Software (MTS) Market Drivers
11.3 Medical Transcription Software (MTS) Market Challenges
11.4 Medical Transcription Software (MTS) 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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