The global medical transcription market is expected to post a CAGR of over 5% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200122005258/en/
Technavio has announced its latest market research report titled global medical transcription market 2020-2024. (Graphic: Business Wire)
With an increase in healthcare data, the need for automation of medical transcripts has increased significantly. Adopting automation reduces errors in transcripts which could result in misdiagnosis or incorrect treatment. It also significantly reduces the amount of time spent by the physician in proofreading the document and improves the quality of consultations. Therefore, the rising need for automation of medical transcripts in the healthcare sector will have a positive impact on the growth of the market during the forecast period.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40634
As per Technavio, the growing adoption of data analytics in the healthcare sector will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Global Medical Transcription Market: Growing Adoption of Data Analytics in the Healthcare Sector
Many research and healthcare organizations are leveraging data analytics to analyze data patterns to serve their patients with personalized healthcare treatment. Data analytics also helps healthcare organizations to effectively carry out various activities such as direct marketing and customer relationship management (CRM). The increasing use of data analytics in the healthcare sector will have a positive impact on the growth of the global medical transcription market during the forecast period.
“Emergence of voice recognition technologies and the rising application of BI in the healthcare industry will further boost market growth during the forecast period”, says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Global Medical Transcription Market: Segmentation Analysis
This market research report segments the global medical transcription market by geography (APAC, Europe, MEA, North America, and South America) and end-user (hospitals and physician groups and clinics).
The North American region led the market in 2019, followed by Europe, APAC, South America, and MEA. During the forecast period, the North American region is expected to register the highest incremental growth due to the increasing investments in advanced IT infrastructure and innovations in the healthcare sector.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.