Press release
Demand for Medical Transcription Services Market Value to Reach US$ 96.7 Bn at a CAGR of 5%: 2021 to 2028| TMR Study
Medical Transcription Services
Analysts observe a robust market scenario, with companies experiencing significant revenue gains driven by rising demand from diverse healthcare facilities. Factors contributing to this growth include heightened awareness about electronic patient record management, governmental support, expanding geriatric population, streamlined reimbursement processes, and the availability of cost-effective software solutions. Notably, the adoption of innovative recording systems integrating automatic audio recorders and speech recognition technology represents a notable trend, promising enhanced efficiency in patient documentation and healthcare databases. The evolving landscape of medical transcription services signifies a pivotal shift in the healthcare industry's approach towards patient care and data management.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ :
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๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐๐ข๐๐๐ฅ ๐๐ซ๐๐ง๐ฌ๐๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Medical transcription involves transcribing patient information dictated by physicians into text format.
Physicians use audio recorders to record patient information, which is then sent to medical transcriptionists for processing.
This process reduces the writing workload for physicians globally and saves space for storing documents.
Medical transcription services not only efficiently record patient records but also help in reducing the risk of legal disputes and insurance reimbursement issues.
Many service providers offer both transcription services and transcription software.
Speech recognition software is replacing audio recorders, enabling automatic conversion of audio into text.
Medical transcription services can be offshored or outsourced.
Developed countries often offshore medical transcription jobs to companies in developing countries like India, China, and the Philippines.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
Nuance Communications, Inc.,MModal, Inc.,Acusis, LLC,Transcend Services, Inc.,TransTech Medical Solutions,Precyse Solutions LLC,iMedX Information Services Pvt. Ltd., among others
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ฒ๐ฉ๐
History and Physical Report (H&P)
Discharge Summary (DS)
Operative Note or Report (OP)
Consultation Report (CONSULTS)
Others (Pathology Report (PATH) & Radiology Report (X-rays or radiographs))
๐๐จ๐๐ ๐จ๐ ๐๐ซ๐จ๐๐ฎ๐ซ๐๐ฆ๐๐ง๐ญ
Outsourcing
Offshoring
Both
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
In Octoberย 2021, VIQ Solutions, Inc. announced commercial launch of NetScribe for transcription agencies across the U.K. and Canada. VIQ's cloud-based transcription workflow automation solutions, powered by artificial intelligence, enable efficiency and productivity gains globally.
In Februaryย 2021, MModal's technology division was acquired by 3M for a total enterprise value of US$ 1 Bn. MModal's technology division offers cloud-based, conversational artificial intelligence (AI)-powered tools that will help 3M's Health Information Systems division extend its capabilities.
In Julyย 2020, Allscripts and Microsoft Corp. announced that their long-standing strategic partnership would be extended to allow the development and delivery of cloud-based health IT solutions. The five-year agreement will support Allscripts' cloud-based Sunriseย electronic health record, establishing Microsoft as the solution's cloud provider and allowing for co-innovation to help improve healthcare with smarter, more scalable technology.
๐๐๐ญ ๐๐ก๐ข๐ฌ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐๐ง๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1662<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR
๐๐๐ ๐ข๐จ๐ง๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐:
North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Increasing adoption of speech recognition software for automated transcription.
Integration of artificial intelligence (AI) and natural language processing (NLP) technologies.
Rising demand for mobile-based transcription solutions for remote healthcare settings.
Growing preference for cloud-based transcription platforms for enhanced accessibility and scalability.
๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
The future of the medical transcription services market looks promising, driven by ongoing technological innovations, increasing healthcare digitization, and the need for streamlined documentation processes. Market players should focus on enhancing service quality, expanding their geographic presence, and investing in R&D to stay competitive.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:
Market size and growth projections.
Demand drivers and challenges.
Regional dynamics and emerging markets.
Technological trends and innovations.
Regulatory landscape and compliance requirements.
Competitive analysis and market positioning.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐:
๐๐๐ ๐๐ข๐จ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ-https://www.globenewswire.com/news-release/2023/05/12/2667797/0/en/CAGR-of-5-6-Red-Biotechnology-Market-Expected-to-Surpass-USD-609-6-Billion-by-2031-Exclusive-Study-by-TMR.html
๐๐๐๐ข๐๐ซ๐ข๐ฅ๐ฅ๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ- https://www.globenewswire.com/news-release/2023/05/12/2667633/0/en/Defibrillator-Market-to-Reach-New-Heights-Predicted-to-Surpass-USD-16-3-Bn-by-2031-Due-to-Rising-Incidence-of-Cardiac-Disease-Global-Analysis-by-Transparency-Market-Research.html
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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๐๐จ๐ง๐ญ๐๐๐ญ:
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