[August 28, 2015]

Medical Transcription - Technavio Unveils Market Analysis, Vendors, Trends & Forecast

Technavio has published a new report on the global medical transcription market, which is expected to grow at a CAGR of about 6% from 2015-2019.

Medical transcription market segmentation including end-user and geography

Technavio's report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different end-users, including hospitals and physicians and clinics.

Additionally, analysts have segmented market projections by key geography, focusing on the Americas, EMEA, and the APAC region.

The new report by Technavio draws attention towards the growing popularity of speech recognition software, which has changed the traditional method of medical transcription. It will transform the role of medical transcription from speech to editing texts in the coming years.

"The speech recognition software converts speech directly into texts, reducing physicians' efforts to record and send audio files for transcription. This software makes the tedious and time-consuming process of transcription convenient and simplified. The growing popularity of thesoftware will propel market growth in the forecast period," says Faisal Ghaus, Vice President of Technavio.

Medical transcription: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the global medical transcription market from 2015-2019. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

Industry analysis includes:

• Key Vendors:
  • Acusis
  • iMedX Information Services
  • MModal
  • Nuance (News - Alert) Communications
  • Precyse Solutions
• Market Growth Drivers:
  • Focus on automation and cost-effectiveness
  • Increased patient care
• Market Challenges:
  • Intense competition
  • Data quality and security concerns
• Market Trends:
  • Growing popularity of speech recognition software
  • Use of mobile health solutions

View the global medical transcription market report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the medical devices market:

• Global Medical Electrodes Market 2015-2019
• Global Portable Medical Devices Market 2015-2019

If you are interested in more information, please contact our media team at [email protected].

View source version on businesswire.com: http://www.businesswire.com/news/home/20150828005091/en/

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