Key Market Dynamics:
- Market Driver
- Market Challenges
The increase in the need for automated transcripts and rising chronic diseases and the aging population are some of the key market drivers. However, factors such as increasing concerns for medical data privacy will challenge market growth.
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The medical transcription market report is segmented by end-user (hospitals and physician groups and clinics) and geography (North America, APAC, Europe, South America, and MEA). APAC will be the leading region with 35% of the market's growth during the forecast period. Japan is the key market for medical transcription in APAC.
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Some Companies Mentioned with their Offerings
- 3M Co.
- Acusis LLC
- CareCloud Inc.
- Excel Transcriptions Inc.
- Global Medical Transcription LLC
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Medical Transcription Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of over 6% |
Market growth 2021-2025 |
USD 23.03 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.97 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 35% |
Key consumer countries |
US, Canada, Japan, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3M Co., Acusis LLC, CareCloud Inc., Excel Transcriptions Inc., Global Medical Transcription LLC, iMedX Inc., Lingual Consultancy Services Pvt. Ltd., Nuance Communications Inc., and World Wide Dictation Service of New York Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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