Medical transcription market which was USD 1.50 billion in 2021, would rocket up to USD 3.79 billion by 2029, and is expected to undergo a CAGR of 12.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
The process of transferring verbal dictations of clinical data into pre-defined text or digital format is known as medical transcription (MT), also known as healthcare documentation. Hospitals, healthcare facilities, clinics, and physicians are choosing MT as a result of technological advancements in order to maximise operational effectiveness, enhance patient care quality, and reduce capital investment. Maintaining records of patient care and treatment that include medical examination results, treatment plans, and pertinent data is also helpful to healthcare professionals.
Medical transcription is the process of converting voice-recorded medical reports into written text format. It produces an organised and pertinent patient history that enables doctors to assess the patient's current physical status and plan the best course of treatment.
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Market Analysis and Insights: Medical Transcription Market:
The increase in the prevalence of several chronic illnesses, including melanoma, cardiovascular, and diabetes problems, has consistently contributed to an rise in the number of medical records created in clinics. The increasing knowledge among businesses about the benefits of preserving data in electronic health records is significantly impacting the industry around the world. ADT normalisation, audio identification, and other cutting-edge technologies that enable the conversion of voice-based documents into text-based automated data are also now being accepted by businesses.
The frequency of several chronic conditions, including cancer, diabetes, and heart disease, has also increased, which has caused a rise in the quantity of medical records created in hospitals. Accordingly, increasing business awareness of the advantages of electronic health records (EHR) favors the global medical transcription market.
Medical Transcription Market Scope and Market Size
The medical transcription market is segmented on the basis of services type, technology, mode of procurement and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service Type
· History and Physical Report
· Discharge Summary
· Operative Note or Report
· Consultation Report
· Others
· Pathology Report
· Radiology Report
Technology
· Electronic Medical Records/Electronic Health Record (EMR/EHR)
· Picture Archiving and Communication System (PACS)
· Radiology Information System (RIS)
· Speech Recognition Technology (SRT)
· Others
Mode of Procurement
· Outsourcing
· Offshoring
· Both
End User
· Hospitals
· Clinics
· Clinical Laboratories
· Academic Medical Centers
· Others
Table of Contents: Global Medical Transcription Market
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Medical Transcription in Healthcare Industry
7 Global Medical Transcription Market, by Product Type
8 Global Medical Transcription Market, by Modality
9 Global Medical Transcription Market, by Type
10 Global Medical Transcription Market, by Mode
11 Global Medical Transcription Market, by End User
12 Global Medical Transcription Market, by Geography
13 Global Medical Transcription Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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