At A CAGR Of 6% , Global Medical Transcription Industry will rise in the period of 2017

Medical transcription is the process that involves documentation of medical records from voice to text format. Physicians record patient details in audio format, and these details are sent to a transcriptionist to decode and store in digital format. Medical transcription helps make data interpretation and analysis easy as through this health records are stored in a structured format. With the adoption of new technology and improvements in the healthcare sector, the global medical transcription market is expected to experience various opportunities.

Technavio's analysts forecast the global medical transcription market to grow at a CAGR of 6% over the period 2014-2019.

Covered :
The report covers the present scenario and the growth prospects of the global medical transcription market for the period 2015-2019. To calculate the market size, the report considers revenue generated by the following end-users: hospitals and physician groups, and clinics.

Technavio's report, Global Medical Transcription Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global medical transcription market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
Americas
APAC
EMEA

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Key vendors
Acusis
IMeDx Information Services
MModal
Nuance Communications
Precyse Solutions

Other prominent vendors
Ascend Healthcare Systems
Global Medical Transcription
Scribe Healthcare Technologies
Transtech Medical Solutions

Key market driver
Focus on automation and cost effectiveness
For a full, detailed list, view our report

Key market challenge
Intense competition among vendors
For a full, detailed list, view our report

Key market trend
Availability of speech recognition software
For a full, detailed list, view our report

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