Medical Transcription Services Market: Awareness about Electronic Patient Record to Fuel Demand by Metcarl · November 28 Patric Hornqvist Youth Jersey , 2018
The global market for medical transcription services is displaying a highly competitive business structure, finds a new research study by Transparency Market Research (TMR). Precyse Solutions LLC., Acusis LLC, Nuance Communications Inc., MModal Inc., Superior Global Solutions Inc., Trans Tech Medical Solutions, Scribe Healthcare Technologies Inc. Evgeni Malkin Youth Jersey , and iMedX Information Services Pvt. Ltd. are some of the prominent players operating in this market. The market, however, is led by only a few players, which makes moderately consolidated, in terms of competitive landscape. The leading companies of medical transcription services are expected to engage into mergers, acquisitions, and strategic partnerships, states the market study.
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According to the research report Kris Letang Youth Jersey , the global medical transcription services market was worth US$41.4 bn in 2012. Expanding at a CAGR of 5.60% during the period from 2013 to 2019, the market is projected to reach US$60.6 bn by the end of the forecast period. Consultation report, operative note or report, discharge summary, and history and physical report are the major services offered in this market. Among these, the consultation report segment has been dominating the overall market and is expected to remain at the top position in the years to come, notes the market study.
In terms of the geography, the global market for medical transcription services has been segmented into North America Derek Grant Youth Jersey , Asia Pacific, Latin America, the Middle East and Africa, and Europe in this research study. Among these, the North America market has acquired the dominance, owing to the high medical documentation in the U.S. This regional market is anticipated to remain on the top over the next few years, thanks to the presence of a large pool of players in this region. Asia Pacific and Europe are also expected to witness a significant rise in the years to come, states the research report.
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The global market for medical transcription services is witnessing tremendous growth Bryan Rust Youth Jersey , thanks to the increased awareness about the benefits of electronic patient recordkeeping among enterprises. Apart from this, the government initiatives, rise in geriatric population worldwide, availability of various software leading to competitive cost reductions, and reimbursement processing are also driving growth of medical transcription services market across the world, states the research report.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers Justin Schultz Youth Jersey , and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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