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.
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Market Analysis and Insights: Medical Transcription Market:
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.
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.
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
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