Global Medical Transcription Services Market Size, Status and Forecast 2019-2025

Published On: Jul 2019

Format: PDF

Publisher: QY Research

Pages: 109

Report ID: 5296

Medical transcription, also known as MT, is an allied health profession dealing with the process of transcribing voice-recorded medical reports that are dictated by physicians, nurses and other healthcare practitioners. Medical reports can be voice files, notes taken during a lecture, or other spoken material. These are dictated over the phone or uploaded digitally via the Internet or through smart phone apps.
Medical transcription (MT) is an allied health profession, which deals in the process of transcription, or converting voice-recorded reports as dictated by physicians or other healthcare professionals, into text format. Medical transcription services provide the groundwork for the adoption of electronic medical records (EMR) system. Medical transcription services allow hospitals and providers to outsource a critical business process, reduce costs, and improve the quality of medical documentation, without additional capital investment. The global medical transcription services market is primarily driven by adoption of medical documentation and recording systems, government’s initiatives in health information infrastructure, implementation of EHRs, technological innovations through the use of electronic technology to reduce turnaround time, increasing focus on lowering costs and increasing productivity and improving the quality of patient care while ensuring patient’s safety.
North America is the largest consumption place, with a consumption market share nearly 78.3% in 2017. North America currently dominates and is expected to retain its position in the medical transcription services market in the future. Growth drivers for this market in North America are factors such as rise in aging population and passing of Patient Protection and Affordable Healthcare Act, 2013.
In 2018, the global Medical Transcription Services market size was 5000 million US$ and it is expected to reach 7670 million US$ by the end of 2025, with a CAGR of 5.5% during 2019-2025.

This report focuses on the global Medical Transcription Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Transcription Services development in United States, Europe and China.

The key players covered in this study
Mmodal
Nuance Communications
Transcend Services
Acusis
iMedX Information Services
MTBC
nThrive
Medi-Script Plus
Outsource2india
TransPerfect
VIVA Transcription
Medscribe
Pacific Solutions
Same Day transcriptions
DoctorDocs
World Wide Dictation
Athreon
BVS Transtech
Excel Transcriptions
GMT
LC Transcription Services

Market segment by Type, the product can be split into
Outsourcing
Offshoring

Market segment by Application, split into
Hospitals
Clinical Laboratories
Academic Medical Centers
Other

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Medical Transcription Services status, future forecast, growth opportunity, key market and key players.
To present the Medical Transcription Services development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Medical Transcription Services are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Medical Transcription Services Market Size Growth Rate by Type (2014-2025)
1.4.2 Outsourcing
1.4.3 Offshoring
1.5 Market by Application
1.5.1 Global Medical Transcription Services Market Share by Application (2014-2025)
1.5.2 Hospitals
1.5.3 Clinical Laboratories
1.5.4 Academic Medical Centers
1.5.5 Other
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Medical Transcription Services Market Size
2.2 Medical Transcription Services Growth Trends by Regions
2.2.1 Medical Transcription Services Market Size by Regions (2014-2025)
2.2.2 Medical Transcription Services Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Medical Transcription Services Market Size by Manufacturers
3.1.1 Global Medical Transcription Services Revenue by Manufacturers (2014-2019)
3.1.2 Global Medical Transcription Services Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Medical Transcription Services Market Concentration Ratio (CR5 and HHI)
3.2 Medical Transcription Services Key Players Head office and Area Served
3.3 Key Players Medical Transcription Services Product/Solution/Service
3.4 Date of Enter into Medical Transcription Services Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
4.1 Global Medical Transcription Services Market Size by Type (2014-2019)
4.2 Global Medical Transcription Services Market Size by Application (2014-2019)

5 United States
5.1 United States Medical Transcription Services Market Size (2014-2019)
5.2 Medical Transcription Services Key Players in United States
5.3 United States Medical Transcription Services Market Size by Type
5.4 United States Medical Transcription Services Market Size by Application

6 Europe
6.1 Europe Medical Transcription Services Market Size (2014-2019)
6.2 Medical Transcription Services Key Players in Europe
6.3 Europe Medical Transcription Services Market Size by Type
6.4 Europe Medical Transcription Services Market Size by Application

7 China
7.1 China Medical Transcription Services Market Size (2014-2019)
7.2 Medical Transcription Services Key Players in China
7.3 China Medical Transcription Services Market Size by Type
7.4 China Medical Transcription Services Market Size by Application

8 Japan
8.1 Japan Medical Transcription Services Market Size (2014-2019)
8.2 Medical Transcription Services Key Players in Japan
8.3 Japan Medical Transcription Services Market Size by Type
8.4 Japan Medical Transcription Services Market Size by Application

9 Southeast Asia
9.1 Southeast Asia Medical Transcription Services Market Size (2014-2019)
9.2 Medical Transcription Services Key Players in Southeast Asia
9.3 Southeast Asia Medical Transcription Services Market Size by Type
9.4 Southeast Asia Medical Transcription Services Market Size by Application

10 India
10.1 India Medical Transcription Services Market Size (2014-2019)
10.2 Medical Transcription Services Key Players in India
10.3 India Medical Transcription Services Market Size by Type
10.4 India Medical Transcription Services Market Size by Application

11 Central & South America
11.1 Central & South America Medical Transcription Services Market Size (2014-2019)
11.2 Medical Transcription Services Key Players in Central & South America
11.3 Central & South America Medical Transcription Services Market Size by Type
11.4 Central & South America Medical Transcription Services Market Size by Application

12 International Players Profiles
12.1 Mmodal
12.1.1 Mmodal Company Details
12.1.2 Company Description and Business Overview
12.1.3 Medical Transcription Services Introduction
12.1.4 Mmodal Revenue in Medical Transcription Services Business (2014-2019)
12.1.5 Mmodal Recent Development
12.2 Nuance Communications
12.2.1 Nuance Communications Company Details
12.2.2 Company Description and Business Overview
12.2.3 Medical Transcription Services Introduction
12.2.4 Nuance Communications Revenue in Medical Transcription Services Business (2014-2019)
12.2.5 Nuance Communications Recent Development
12.3 Transcend Services
12.3.1 Transcend Services Company Details
12.3.2 Company Description and Business Overview
12.3.3 Medical Transcription Services Introduction
12.3.4 Transcend Services Revenue in Medical Transcription Services Business (2014-2019)
12.3.5 Transcend Services Recent Development
12.4 Acusis
12.4.1 Acusis Company Details
12.4.2 Company Description and Business Overview
12.4.3 Medical Transcription Services Introduction
12.4.4 Acusis Revenue in Medical Transcription Services Business (2014-2019)
12.4.5 Acusis Recent Development
12.5 iMedX Information Services
12.5.1 iMedX Information Services Company Details
12.5.2 Company Description and Business Overview
12.5.3 Medical Transcription Services Introduction
12.5.4 iMedX Information Services Revenue in Medical Transcription Services Business (2014-2019)
12.5.5 iMedX Information Services Recent Development
12.6 MTBC
12.6.1 MTBC Company Details
12.6.2 Company Description and Business Overview
12.6.3 Medical Transcription Services Introduction
12.6.4 MTBC Revenue in Medical Transcription Services Business (2014-2019)
12.6.5 MTBC Recent Development
12.7 nThrive
12.7.1 nThrive Company Details
12.7.2 Company Description and Business Overview
12.7.3 Medical Transcription Services Introduction
12.7.4 nThrive Revenue in Medical Transcription Services Business (2014-2019)
12.7.5 nThrive Recent Development
12.8 Medi-Script Plus
12.8.1 Medi-Script Plus Company Details
12.8.2 Company Description and Business Overview
12.8.3 Medical Transcription Services Introduction
12.8.4 Medi-Script Plus Revenue in Medical Transcription Services Business (2014-2019)
12.8.5 Medi-Script Plus Recent Development
12.9 Outsource2india
12.9.1 Outsource2india Company Details
12.9.2 Company Description and Business Overview
12.9.3 Medical Transcription Services Introduction
12.9.4 Outsource2india Revenue in Medical Transcription Services Business (2014-2019)
12.9.5 Outsource2india Recent Development
12.10 TransPerfect
12.10.1 TransPerfect Company Details
12.10.2 Company Description and Business Overview
12.10.3 Medical Transcription Services Introduction
12.10.4 TransPerfect Revenue in Medical Transcription Services Business (2014-2019)
12.10.5 TransPerfect Recent Development
12.11 VIVA Transcription
12.12 Medscribe
12.13 Pacific Solutions
12.14 Same Day transcriptions
12.15 DoctorDocs
12.16 World Wide Dictation
12.17 Athreon
12.18 BVS Transtech
12.19 Excel Transcriptions
12.20 GMT
12.21 LC Transcription Services

13 Market Forecast 2019-2025
13.1 Market Size Forecast by Regions
13.2 United States
13.3 Europe
13.4 China
13.5 Japan
13.6 Southeast Asia
13.7 India
13.8 Central & South America
13.9 Market Size Forecast by Product (2019-2025)
13.10 Market Size Forecast by Application (2019-2025)

14 Analyst's Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details