Global Medical Transcription Services Market Size, Growing with a CAGR of 5.6% during 2019-2025

Albany, US, 2019-Jan-22 — /EPR Network/ —Currently, the Medical Transcription Services Market is innovating itself due to the growing market trends and stiff competition in the global market. Recently, a fresh report focusing on the Global Medical Transcription Services Market” Size, Status and Forecast 2019-2025 has been broadcasted to the huge database of Market Research Hub (MRH), which aims to present a decisive analysis of the major facts such as drivers, restraints and opportunities present for the active as well new entrants in the market. Also, the insightful report provides thorough analysis of global Medical Transcription Services Market right from past trends to market forecast from 2017 to 2022 to its readers.

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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, governments 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 patients 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 2018, the global Medical Transcription Services market size was 5000 million US$ and it is expected to reach 7730 million US$ by the end of 2025, with a CAGR of 5.6% during 2019-2025.

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.

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 

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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 (2014-2025)
1.4.2 Outsourcing
1.4.3 Offshoring
1.5 Market by Application
1.5.1 Global Medical Transcription Services Market Share by Application (2014-2025)
1.5.2 Hospitals
1.5.3 Clinical Laboratories
1.5.4 Academic Medical Centers
1.5.5 Other
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Medical Transcription Services Market Size
2.2 Medical Transcription Services Growth Trends by Regions
2.2.1 Medical Transcription Services Market Size by Regions (2014-2025)
2.2.2 Medical Transcription Services Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Medical Transcription Services Market Size by Manufacturers
3.1.1 Global Medical Transcription Services Revenue by Manufacturers (2014-2018)
3.1.2 Global Medical Transcription Services Revenue Market Share by Manufacturers (2014-2018)
3.1.3 Global Medical Transcription Services Market Concentration Ratio (CR5 and HHI)
3.2 Medical Transcription Services Key Players Head office and Area Served
3.3 Key Players Medical Transcription Services Product/Solution/Service
3.4 Date of Enter into Medical Transcription Services Market
3.5 Mergers & Acquisitions, Expansion Plans

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