The process of medical transcription involves documentation of medical records from voice to text formats. Physicians record patient details in audio formats, which is sent to a transcriptionist to decode and store in a digital format. The clinical documentation solution is implemented to preserve patient records in text formats using digital technologies, to deliver quality patient care with high accuracy. Medical transcription documents are stored, shared, and exchanged by healthcare providers through integrated healthcare information systems.
Technavio’s analysts forecast the global medical transcription IT spending market to grow at a CAGR of 6.48% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global medical transcription IT spending market for 2016-2020. To calculate the market size, the report considers the revenue generated through the transactions of medical transcription software, hardware and IT services.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Medical Transcription IT Spending Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Other prominent vendors - Accuro - Amphion Medical - Bytescribe - Ascend Healthcare Systems - DICT8 - Global Medical Transcription - 3M - Scribe Healthcare Technologies - Sterling Transcription - Transtech Medical Solutions - Voxtab
Market driver - Need for digital healthcare ecosystem - For a full, detailed list, view our report
Market challenge - System integration and interoperability issues - For a full, detailed list, view our report
Market trend - Increased adoption of m-health solutions - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 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?
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