New

Medical Terminology Software Market

2021

Medical Terminology Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Data Aggregation, Decision Support, Clinical Trials, Clinical Guidelines, Reimbursement, Public Health Surveillance, Quality Reporting, and Data Integration); Product and Service (Services, and Platforms); End User (Healthcare Providers, Healthcare Payers, Healthcare IT Vendors, and Other End Users), and Geography

| Report Code: TIPRE00005383 | No. of Pages: 150 | Category: Healthcare IT | Status: Upcoming

Market Insights

Medical Terminology Software Market 2028 By Application, Product and Service, End User, and Geography | The Insight Partners

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MARKET OVERVIEW



Medical terminology software is used to process the accumulation of large amount of healthcare data of patients. The software also responds to the growing need to curb medical errors. The growing demand for standardization of patient data, the growing demand to control medical errors, and the accumulation of large amounts of medical data are expected to promote market development. However, factors such as hesitancy towards the use terminology solutions instead of traditional practices have limited market growth. In addition, major companies in the market have participated in the launch of new products to strengthen their position in the market.

MARKET SCOPE



The "Global Medical Terminology Software Market Analysis to 2028" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical terminology software market with detailed market segmentation by application, product and services, end user, and geography. The report provides key statistics on the market status of the leading medical terminology software market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



  • Based on application, the global medical terminology software market is segmented into data aggregation, decision support, clinical trials, clinical guidelines, reimbursement, public health surveillance, quality reporting, data integration
  • Based on product and services, the market is bifurcated into services, and platforms . The platforms market is segmented into SNOMED CT, DM&D, Rx Norm, LOINC, ICD 10, CTS 2, FHIR terminology
  • Based on end user, the market is bifurcated into healthcare providers, healthcare payers, healthcare IT vendors, and other end users

MARKET DYNAMICS


Drivers:



  • Rising focus on minimizing medical errors
  • Government initiatives for HCIT adoption

Restraints:



  • Reluctance to use terminology solutions over conventional practices

REGIONAL FRAMEWORK



The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical terminology software market by each region is later sub-segmented by reSPECTive countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical terminology software market in these regions.

IMPACT OF COVID-19ON MEDICAL TERMINOLOGY SOFTWARE MARKET



COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS



The report covers key developments in the medical terminology software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical terminology software market are anticipated to lucrative growth opportunities in the future with the rising demand for medical terminology software in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical terminology software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  • Wolters Kluwer
  • Apelon, Inc.
  • Intelligent Medical Objects, Inc.
  • Clinical Architecture, LLC
  • BITAC
  • Carecom Ltd.
  • BT Clinical Computing
  • 3M
  • HiveWorx
  • B2i Healthcare
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Terminology Software Market - By Application
1.3.2 Medical Terminology Software Market - By Product and Service
1.3.3 Medical Terminology Software Market - By End User
1.3.4 Medical Terminology Software Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL TERMINOLOGY SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MEDICAL TERMINOLOGY SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MEDICAL TERMINOLOGY SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL TERMINOLOGY SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. MEDICAL TERMINOLOGY SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEDICAL TERMINOLOGY SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. DATA AGGREGATION
7.3.1. Overview
7.3.2. Data Aggregation Market Forecast and Analysis
7.4. DECISION SUPPORT
7.4.1. Overview
7.4.2. Decision Support Market Forecast and Analysis
7.5. CLINICAL TRIALS
7.5.1. Overview
7.5.2. Clinical Trials Market Forecast and Analysis
7.6. CLINICAL GUIDELINES
7.6.1. Overview
7.6.2. Clinical Guidelines Market Forecast and Analysis
7.7. REIMBURSEMENT
7.7.1. Overview
7.7.2. Reimbursement Market Forecast and Analysis
7.8. PUBLIC HEALTH SURVEILLANCE
7.8.1. Overview
7.8.2. Public Health Surveillance Market Forecast and Analysis
7.9. QUALITY REPORTING
7.9.1. Overview
7.9.2. Quality Reporting Market Forecast and Analysis
7.10. DATA INTEGRATION
7.10.1. Overview
7.10.2. Data Integration Market Forecast and Analysis
8. MEDICAL TERMINOLOGY SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT AND SERVICE
8.1. OVERVIEW
8.2. PRODUCT AND SERVICE MARKET FORECASTS AND ANALYSIS
8.3. SERVICES
8.3.1. Overview
8.3.2. Services Market Forecast and Analysis
8.4. PLATFORMS
8.4.1. Overview
8.4.2. Platforms Market Forecast and Analysis
8.4.3. SNOMED CT Market
8.4.3.1. Overview
8.4.3.2. SNOMED CT Market Forecast and Analysis
8.4.4. DMandD Market
8.4.4.1. Overview
8.4.4.2. DMandD Market Forecast and Analysis
8.4.5. Rx Norm Market
8.4.5.1. Overview
8.4.5.2. Rx Norm Market Forecast and Analysis
8.4.6. LOINC Market
8.4.6.1. Overview
8.4.6.2. LOINC Market Forecast and Analysis
8.4.7. ICD 10 Market
8.4.7.1. Overview
8.4.7.2. ICD 10 Market Forecast and Analysis
8.4.8. CTS 2 Market
8.4.8.1. Overview
8.4.8.2. CTS 2 Market Forecast and Analysis
8.4.9. FHIR Terminology Market
8.4.9.1. Overview
8.4.9.2. FHIR Terminology Market Forecast and Analysis
9. MEDICAL TERMINOLOGY SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HEALTHCARE PROVIDERS
9.3.1. Overview
9.3.2. Healthcare Providers Market Forecast and Analysis
9.4. HEALTHCARE PAYERS
9.4.1. Overview
9.4.2. Healthcare Payers Market Forecast and Analysis
9.5. HEALTHCARE IT VENDORS
9.5.1. Overview
9.5.2. Healthcare It Vendors Market Forecast and Analysis
9.6. OTHER END USERS
9.6.1. Overview
9.6.2. Other End Users Market Forecast and Analysis
10. MEDICAL TERMINOLOGY SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Medical Terminology Software Market Overview
10.1.2 North America Medical Terminology Software Market Forecasts and Analysis
10.1.3 North America Medical Terminology Software Market Forecasts and Analysis - By Application
10.1.4 North America Medical Terminology Software Market Forecasts and Analysis - By Product and Service
10.1.5 North America Medical Terminology Software Market Forecasts and Analysis - By End User
10.1.6 North America Medical Terminology Software Market Forecasts and Analysis - By Countries
10.1.6.1 United States Medical Terminology Software Market
10.1.6.1.1 United States Medical Terminology Software Market by Application
10.1.6.1.2 United States Medical Terminology Software Market by Product and Service
10.1.6.1.3 United States Medical Terminology Software Market by End User
10.1.6.2 Canada Medical Terminology Software Market
10.1.6.2.1 Canada Medical Terminology Software Market by Application
10.1.6.2.2 Canada Medical Terminology Software Market by Product and Service
10.1.6.2.3 Canada Medical Terminology Software Market by End User
10.1.6.3 Mexico Medical Terminology Software Market
10.1.6.3.1 Mexico Medical Terminology Software Market by Application
10.1.6.3.2 Mexico Medical Terminology Software Market by Product and Service
10.1.6.3.3 Mexico Medical Terminology Software Market by End User
10.2. EUROPE
10.2.1 Europe Medical Terminology Software Market Overview
10.2.2 Europe Medical Terminology Software Market Forecasts and Analysis
10.2.3 Europe Medical Terminology Software Market Forecasts and Analysis - By Application
10.2.4 Europe Medical Terminology Software Market Forecasts and Analysis - By Product and Service
10.2.5 Europe Medical Terminology Software Market Forecasts and Analysis - By End User
10.2.6 Europe Medical Terminology Software Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Medical Terminology Software Market
10.2.6.1.1 Germany Medical Terminology Software Market by Application
10.2.6.1.2 Germany Medical Terminology Software Market by Product and Service
10.2.6.1.3 Germany Medical Terminology Software Market by End User
10.2.6.2 France Medical Terminology Software Market
10.2.6.2.1 France Medical Terminology Software Market by Application
10.2.6.2.2 France Medical Terminology Software Market by Product and Service
10.2.6.2.3 France Medical Terminology Software Market by End User
10.2.6.3 Italy Medical Terminology Software Market
10.2.6.3.1 Italy Medical Terminology Software Market by Application
10.2.6.3.2 Italy Medical Terminology Software Market by Product and Service
10.2.6.3.3 Italy Medical Terminology Software Market by End User
10.2.6.4 Spain Medical Terminology Software Market
10.2.6.4.1 Spain Medical Terminology Software Market by Application
10.2.6.4.2 Spain Medical Terminology Software Market by Product and Service
10.2.6.4.3 Spain Medical Terminology Software Market by End User
10.2.6.5 United Kingdom Medical Terminology Software Market
10.2.6.5.1 United Kingdom Medical Terminology Software Market by Application
10.2.6.5.2 United Kingdom Medical Terminology Software Market by Product and Service
10.2.6.5.3 United Kingdom Medical Terminology Software Market by End User
10.2.6.6 Rest of Europe Medical Terminology Software Market
10.2.6.6.1 Rest of Europe Medical Terminology Software Market by Application
10.2.6.6.2 Rest of Europe Medical Terminology Software Market by Product and Service
10.2.6.6.3 Rest of Europe Medical Terminology Software Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Medical Terminology Software Market Overview
10.3.2 Asia-Pacific Medical Terminology Software Market Forecasts and Analysis
10.3.3 Asia-Pacific Medical Terminology Software Market Forecasts and Analysis - By Application
10.3.4 Asia-Pacific Medical Terminology Software Market Forecasts and Analysis - By Product and Service
10.3.5 Asia-Pacific Medical Terminology Software Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Medical Terminology Software Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Medical Terminology Software Market
10.3.6.1.1 Australia Medical Terminology Software Market by Application
10.3.6.1.2 Australia Medical Terminology Software Market by Product and Service
10.3.6.1.3 Australia Medical Terminology Software Market by End User
10.3.6.2 China Medical Terminology Software Market
10.3.6.2.1 China Medical Terminology Software Market by Application
10.3.6.2.2 China Medical Terminology Software Market by Product and Service
10.3.6.2.3 China Medical Terminology Software Market by End User
10.3.6.3 India Medical Terminology Software Market
10.3.6.3.1 India Medical Terminology Software Market by Application
10.3.6.3.2 India Medical Terminology Software Market by Product and Service
10.3.6.3.3 India Medical Terminology Software Market by End User
10.3.6.4 Japan Medical Terminology Software Market
10.3.6.4.1 Japan Medical Terminology Software Market by Application
10.3.6.4.2 Japan Medical Terminology Software Market by Product and Service
10.3.6.4.3 Japan Medical Terminology Software Market by End User
10.3.6.5 South Korea Medical Terminology Software Market
10.3.6.5.1 South Korea Medical Terminology Software Market by Application
10.3.6.5.2 South Korea Medical Terminology Software Market by Product and Service
10.3.6.5.3 South Korea Medical Terminology Software Market by End User
10.3.6.6 Rest of Asia-Pacific Medical Terminology Software Market
10.3.6.6.1 Rest of Asia-Pacific Medical Terminology Software Market by Application
10.3.6.6.2 Rest of Asia-Pacific Medical Terminology Software Market by Product and Service
10.3.6.6.3 Rest of Asia-Pacific Medical Terminology Software Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Medical Terminology Software Market Overview
10.4.2 Middle East and Africa Medical Terminology Software Market Forecasts and Analysis
10.4.3 Middle East and Africa Medical Terminology Software Market Forecasts and Analysis - By Application
10.4.4 Middle East and Africa Medical Terminology Software Market Forecasts and Analysis - By Product and Service
10.4.5 Middle East and Africa Medical Terminology Software Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Medical Terminology Software Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Medical Terminology Software Market
10.4.6.1.1 South Africa Medical Terminology Software Market by Application
10.4.6.1.2 South Africa Medical Terminology Software Market by Product and Service
10.4.6.1.3 South Africa Medical Terminology Software Market by End User
10.4.6.2 Saudi Arabia Medical Terminology Software Market
10.4.6.2.1 Saudi Arabia Medical Terminology Software Market by Application
10.4.6.2.2 Saudi Arabia Medical Terminology Software Market by Product and Service
10.4.6.2.3 Saudi Arabia Medical Terminology Software Market by End User
10.4.6.3 U.A.E Medical Terminology Software Market
10.4.6.3.1 U.A.E Medical Terminology Software Market by Application
10.4.6.3.2 U.A.E Medical Terminology Software Market by Product and Service
10.4.6.3.3 U.A.E Medical Terminology Software Market by End User
10.4.6.4 Rest of Middle East and Africa Medical Terminology Software Market
10.4.6.4.1 Rest of Middle East and Africa Medical Terminology Software Market by Application
10.4.6.4.2 Rest of Middle East and Africa Medical Terminology Software Market by Product and Service
10.4.6.4.3 Rest of Middle East and Africa Medical Terminology Software Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Medical Terminology Software Market Overview
10.5.2 South and Central America Medical Terminology Software Market Forecasts and Analysis
10.5.3 South and Central America Medical Terminology Software Market Forecasts and Analysis - By Application
10.5.4 South and Central America Medical Terminology Software Market Forecasts and Analysis - By Product and Service
10.5.5 South and Central America Medical Terminology Software Market Forecasts and Analysis - By End User
10.5.6 South and Central America Medical Terminology Software Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Medical Terminology Software Market
10.5.6.1.1 Brazil Medical Terminology Software Market by Application
10.5.6.1.2 Brazil Medical Terminology Software Market by Product and Service
10.5.6.1.3 Brazil Medical Terminology Software Market by End User
10.5.6.2 Argentina Medical Terminology Software Market
10.5.6.2.1 Argentina Medical Terminology Software Market by Application
10.5.6.2.2 Argentina Medical Terminology Software Market by Product and Service
10.5.6.2.3 Argentina Medical Terminology Software Market by End User
10.5.6.3 Rest of South and Central America Medical Terminology Software Market
10.5.6.3.1 Rest of South and Central America Medical Terminology Software Market by Application
10.5.6.3.2 Rest of South and Central America Medical Terminology Software Market by Product and Service
10.5.6.3.3 Rest of South and Central America Medical Terminology Software Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MEDICAL TERMINOLOGY SOFTWARE MARKET, KEY COMPANY PROFILES
13.1. WOLTERS KLUWER
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. APELON, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. INTELLIGENT MEDICAL OBJECTS, INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. CLINICAL ARCHITECTURE, LLC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BITAC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. CARECOM LTD
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. BT CLINICAL COMPUTING
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. 3M
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. HIVEWORX
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. B2I HEALTHCARE
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS

The List of Companies

1. Wolters Kluwer
2. Apelon, Inc.
3. Intelligent Medical Objects, Inc.
4. Clinical Architecture, LLC
5. BITAC
6. Carecom Ltd.
7. BT Clinical Computing
8. 3M
9. HiveWorx
10. B2i Healthcare
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