Lewes, DE -- (SBWire) -- 08/21/2015 --Report forecast the global medical transcription market to grow at a CAGR of 6% over the period 2014-2019.
Medical transcription is the process that involves documentation of medical records from voice to text format. Physicians record patient details in audio format, and these details are sent to a transcriptionist to decode and store in digital format. Medical transcription helps make data interpretation and analysis easy as through this health records are stored in a structured format. With the adoption of new technology and improvements in the healthcare sector, the global medical transcription market is expected to experience various opportunities.
The report covers the present scenario and the growth prospects of the global medical transcription market for the period 2015-2019. To calculate the market size, the report considers revenue generated by the following end-users: hospitals and physician groups, and clinics.
Global Medical Transcription Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global medical transcription market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
According to the report, the existing medical transcription scenario has a high probability of human errors. Inaccurate processing of medical data can significantly affect the quality of patient care and the reimbursement and insurance coverage. Automation in medical transcription includes speech recognition platforms that allow direct conversion of patient information in a voice-to-text format. The use of such platforms will minimize human errors and reduce the duration of data transcription. This will allow physicians to spend more time on patient consultation and provide better care. Automation will also help reduce long-term expenditure on medical transcription and make the workflow easy.
Key regions
- Americas
- APAC
- EMEA
Key players in the Global Medical Transcription Market: Acusis, iMedX Information Services, MModal, Nuance Communications and Precyse Solutions
The other prominent vendors are: Ascend Healthcare Systems, Global Medical Transcription, Scribe Healthcare Technologies and Transtech Medical Solutions
Key market driver
- Focus on automation and cost effectiveness
- For a full, detailed list, view our report
Key market challenge
- Intense competition among vendors
- For a full, detailed list, view our report
Key market trend
- Availability of speech recognition software
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 46 pages "Global Medical Transcription Market 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For further information on this report, please visit-
http://www.marketresearchreports.com/technavio/global-medical-transcription-market-2015-2019
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