Medical Transcription Market PPT: Demand, Trends and Business Opportunities 2023-28

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Global Medical Transcription Market Research and
Forecast Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Medical Transcription Market Research
Report The latest report by IMARC, titled
Medical Transcription Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028 finds that the global medical
transcription market size reached US 70.8
Billion in 2022. Medical transcription (MT), or
healthcare documentation, refers to the procedure
through which medical reports dictated by
physicians and other healthcare experts are
converted from voice into text format. The voice
reports consist of lab results, clinical
summaries, surgery notes, and other medical
processes. The objective of medical transcription
is to acquire a written record of a patients
medical history. These files are either printed
and stored as paperwork or preserved in
electronic formats. Nowadays, with the
advancements in technology, healthcare centers,
clinics, and physicians are widely adopting
medical transcriptions to enhance the quality of
patient care, reduce capital expenditure, and
optimize operational efficiency. It eliminates
the need to file patient forms, operation and
progress notes, and discharge summaries, thereby
minimizing staff burden. In recent years, MT has
gained momentum as it creates an appropriate and
organized patient history, enabling doctors to
analyze the prevailing physical condition and
prepare an ideal treatment plan. Request Free
Sample Report https//www.imarcgroup.com/medical-
transcription-market/requestsample
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Report Description and Highlights
Report Description

Global Medical Transcription Market Trends One
of the primary factors driving the market is the
rising incidences of numerous chronic diseases,
such as diabetes, cancer, and cardiovascular
diseases, resulting in an increasing number of
medical records generated in hospitals.
Additionally, the numerous benefits offered by
electronic health records (EHR) in streamlining
information have escalated the product adoption
rate. Other than this, medical transcription
requires high-end accuracy and skilled manpower.
As a result, several healthcare professionals and
hospitals outsource transcription jobs to save
both time and monetary resources. Besides this,
the transition from conventional transcription
techniques to more advanced techniques of MT,
such as artificial intelligence (AI) powered
solutions, is creating a positive market outlook.
Furthermore, the utilization of the latest
technologies, including ADT normalization,
instantaneous document formatting, and voice
recognition to reduce the time required for
transcription and enhance overall accuracy, are
propelling the market growth. Moreover, key
players are launching high-end encryption
technologies, end-to-end secure procedures, and
data security mechanisms to reduce the risk of
manipulation or theft of medical data or
information, which is further contributing to
market growth. Looking forward, IMARC Group
expects the market size to reach US 102.1
Billion by 2028, expanding at a CAGR of 5.8
during the forecast period (2023-2028). Looking
forward, the market value is projected to reach a
strong growth during the forecast period
(2023-2028).
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Report Description and Highlights
Report Description
Market Summary Breakup by Service Type
History and Physical Report Discharge
Summary Operative Note or Report
Consultation Report Others (Patholog
y Report, Radiology Report, etc.)
Breakup by Technology Electronic
Medical Records/Electronic Health Record
(EMR/EHR) Picture Archiving and Communic
ation System (PACS) Radiology Informatio
n System (RIS) Speech Recognition Techno
logy (SRT) Others Breakup by Mode of Pr
ocurement Outsourcing Offshor
ing Both

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Report Description and Highlights
Report Description
Breakup by End User Hospitals
Clinics Clinical Laboratories
Academic Medical Centers Others Breaku
p by Region North America Eur
ope Asia Pacific Middle East a
nd Africa Latin America

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Acusis LLC Transcend Services Nuance Communication
  s. Inc. MModal IP LLC iMedX Information Services P
  rivate Limited Global Medical Transcription LLC nT
  hrive Revenue Systems LLC MTBC. Inc. MediScript Pl
  us LLC TransTech Medical Solutions LLC
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/medical-transcription-m
  arket

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
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Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
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analysis and opinion have been based on
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and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
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