New

Medical Transcription Services Market

2021

Medical Transcription Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Outsourcing, and Offshoring); Application (Hospitals, Clinical Laboratories, and Academic Medical Centers), and Geography

| Report Code: TIPRE00005597 | No. of Pages: 150 | Category: Healthcare IT | Status: Upcoming

Market Insights

Medical Transcription Services Market 2028 By Product, Application, and Geography | The Insight Partners

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MARKET OVERVIEW



Medical transcription includes software and services in the healthcare field. These services include a wide range of reports and activities, such as discharge summary, query reports, operating instructions, and physical and historical reports. These services also extend their coverage to healthcare services, enabling general practitioners and specialists to treat patients around the world. In medical transmission, reference is made to historical records or documents of certain special circumstances, and these documents are used to instruct healthcare professionals if they need to transfer patients from one professional to another.

MARKET SCOPE



The "Global Medical Transcription Services 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 transcription services market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading medical transcription services market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



  • Based on product, the global medical transcription services market is segmented into outsourcing, and offshoring
  • Based on application, the market is bifurcated into hospitals, clinical laboratories, and academic medical centers

MARKET DYNAMICS


Drivers:



  • Significant rise in the awareness of the recordkeeping of the patient information
  • Rise in the government initiatives in the processes of reimbursemen

Restraints:



  • Uncertainty by the hospital management, and the fraud and illegal sales of the patient information

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 transcription services 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 transcription services market in these regions.

IMPACT OF COVID-19ON MEDICAL TRANSCRIPTION SERVICES 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 transcription services 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 transcription services market are anticipated to lucrative growth opportunities in the future with the rising demand for medical transcription services in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical transcription services 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.

  • Lingual Consultancy Services
  • Acusis, LLC
  • Nuance Communications, Inc.
  • Superior Global Solutions
  • Transcend Services
  • Scribe Technology Solutions
  • Medscribe
  • TRANSPERFECT
  • iMedX, Inc.
  • DoctorDocs
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 Transcription Services Market - By Product
1.3.2 Medical Transcription Services Market - By Application
1.3.3 Medical Transcription Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL TRANSCRIPTION SERVICES 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 TRANSCRIPTION SERVICES 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 TRANSCRIPTION SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL TRANSCRIPTION SERVICES - GLOBAL MARKET OVERVIEW
6.2. MEDICAL TRANSCRIPTION SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEDICAL TRANSCRIPTION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. OUTSOURCING
7.3.1. Overview
7.3.2. Outsourcing Market Forecast and Analysis
7.4. OFFSHORING
7.4.1. Overview
7.4.2. Offshoring Market Forecast and Analysis
8. MEDICAL TRANSCRIPTION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICAL LABORATORIES
8.4.1. Overview
8.4.2. Clinical Laboratories Market Forecast and Analysis
8.5. ACADEMIC MEDICAL CENTERS
8.5.1. Overview
8.5.2. Academic Medical Centers Market Forecast and Analysis
9. MEDICAL TRANSCRIPTION SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Medical Transcription Services Market Overview
9.1.2 North America Medical Transcription Services Market Forecasts and Analysis
9.1.3 North America Medical Transcription Services Market Forecasts and Analysis - By Product
9.1.4 North America Medical Transcription Services Market Forecasts and Analysis - By Application
9.1.5 North America Medical Transcription Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Medical Transcription Services Market
9.1.5.1.1 United States Medical Transcription Services Market by Product
9.1.5.1.2 United States Medical Transcription Services Market by Application
9.1.5.2 Canada Medical Transcription Services Market
9.1.5.2.1 Canada Medical Transcription Services Market by Product
9.1.5.2.2 Canada Medical Transcription Services Market by Application
9.1.5.3 Mexico Medical Transcription Services Market
9.1.5.3.1 Mexico Medical Transcription Services Market by Product
9.1.5.3.2 Mexico Medical Transcription Services Market by Application
9.2. EUROPE
9.2.1 Europe Medical Transcription Services Market Overview
9.2.2 Europe Medical Transcription Services Market Forecasts and Analysis
9.2.3 Europe Medical Transcription Services Market Forecasts and Analysis - By Product
9.2.4 Europe Medical Transcription Services Market Forecasts and Analysis - By Application
9.2.5 Europe Medical Transcription Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Medical Transcription Services Market
9.2.5.1.1 Germany Medical Transcription Services Market by Product
9.2.5.1.2 Germany Medical Transcription Services Market by Application
9.2.5.2 France Medical Transcription Services Market
9.2.5.2.1 France Medical Transcription Services Market by Product
9.2.5.2.2 France Medical Transcription Services Market by Application
9.2.5.3 Italy Medical Transcription Services Market
9.2.5.3.1 Italy Medical Transcription Services Market by Product
9.2.5.3.2 Italy Medical Transcription Services Market by Application
9.2.5.4 Spain Medical Transcription Services Market
9.2.5.4.1 Spain Medical Transcription Services Market by Product
9.2.5.4.2 Spain Medical Transcription Services Market by Application
9.2.5.5 United Kingdom Medical Transcription Services Market
9.2.5.5.1 United Kingdom Medical Transcription Services Market by Product
9.2.5.5.2 United Kingdom Medical Transcription Services Market by Application
9.2.5.6 Rest of Europe Medical Transcription Services Market
9.2.5.6.1 Rest of Europe Medical Transcription Services Market by Product
9.2.5.6.2 Rest of Europe Medical Transcription Services Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Medical Transcription Services Market Overview
9.3.2 Asia-Pacific Medical Transcription Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Medical Transcription Services Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Medical Transcription Services Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Medical Transcription Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Medical Transcription Services Market
9.3.5.1.1 Australia Medical Transcription Services Market by Product
9.3.5.1.2 Australia Medical Transcription Services Market by Application
9.3.5.2 China Medical Transcription Services Market
9.3.5.2.1 China Medical Transcription Services Market by Product
9.3.5.2.2 China Medical Transcription Services Market by Application
9.3.5.3 India Medical Transcription Services Market
9.3.5.3.1 India Medical Transcription Services Market by Product
9.3.5.3.2 India Medical Transcription Services Market by Application
9.3.5.4 Japan Medical Transcription Services Market
9.3.5.4.1 Japan Medical Transcription Services Market by Product
9.3.5.4.2 Japan Medical Transcription Services Market by Application
9.3.5.5 South Korea Medical Transcription Services Market
9.3.5.5.1 South Korea Medical Transcription Services Market by Product
9.3.5.5.2 South Korea Medical Transcription Services Market by Application
9.3.5.6 Rest of Asia-Pacific Medical Transcription Services Market
9.3.5.6.1 Rest of Asia-Pacific Medical Transcription Services Market by Product
9.3.5.6.2 Rest of Asia-Pacific Medical Transcription Services Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Medical Transcription Services Market Overview
9.4.2 Middle East and Africa Medical Transcription Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Medical Transcription Services Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Medical Transcription Services Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Medical Transcription Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Medical Transcription Services Market
9.4.5.1.1 South Africa Medical Transcription Services Market by Product
9.4.5.1.2 South Africa Medical Transcription Services Market by Application
9.4.5.2 Saudi Arabia Medical Transcription Services Market
9.4.5.2.1 Saudi Arabia Medical Transcription Services Market by Product
9.4.5.2.2 Saudi Arabia Medical Transcription Services Market by Application
9.4.5.3 U.A.E Medical Transcription Services Market
9.4.5.3.1 U.A.E Medical Transcription Services Market by Product
9.4.5.3.2 U.A.E Medical Transcription Services Market by Application
9.4.5.4 Rest of Middle East and Africa Medical Transcription Services Market
9.4.5.4.1 Rest of Middle East and Africa Medical Transcription Services Market by Product
9.4.5.4.2 Rest of Middle East and Africa Medical Transcription Services Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Medical Transcription Services Market Overview
9.5.2 South and Central America Medical Transcription Services Market Forecasts and Analysis
9.5.3 South and Central America Medical Transcription Services Market Forecasts and Analysis - By Product
9.5.4 South and Central America Medical Transcription Services Market Forecasts and Analysis - By Application
9.5.5 South and Central America Medical Transcription Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Medical Transcription Services Market
9.5.5.1.1 Brazil Medical Transcription Services Market by Product
9.5.5.1.2 Brazil Medical Transcription Services Market by Application
9.5.5.2 Argentina Medical Transcription Services Market
9.5.5.2.1 Argentina Medical Transcription Services Market by Product
9.5.5.2.2 Argentina Medical Transcription Services Market by Application
9.5.5.3 Rest of South and Central America Medical Transcription Services Market
9.5.5.3.1 Rest of South and Central America Medical Transcription Services Market by Product
9.5.5.3.2 Rest of South and Central America Medical Transcription Services Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MEDICAL TRANSCRIPTION SERVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. MEDICAL TRANSCRIPTION SERVICES MARKET, KEY COMPANY PROFILES
12.1. LINGUAL CONSULTANCY SERVICES
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ACUSIS, LLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. NUANCE COMMUNICATIONS, INC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. SUPERIOR GLOBAL SOLUTIONS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. TRANSCEND SERVICES
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. SCRIBE TECHNOLOGY SOLUTIONS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MEDSCRIBE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. TRANSPERFECT
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. IMEDX, INC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. DOCTORDOCS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Lingual Consultancy Services
2. Acusis, LLC
3. Nuance Communications, Inc.
4. Superior Global Solutions
5. Transcend Services
6. Scribe Technology Solutions
7. Medscribe
8. TRANSPERFECT
9. iMedX, Inc.
10. DoctorDocs
11. LC Transcription Services
12. GMT
13. Same Day Transcriptions
14. Medi-Script Plus
15. Outsource2india
16. TransPerfect
17. VIVA Transcription
18. World-Wide Dictation
19. Athreon
20. BVS Transtech
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