The global medical transcription IT spending market is forecast to grow at a CAGR of 6.48% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Emergence of speech recognition software will be a key trend for market growth. Speech recognition software has changed the whole process of medical transcription. Such software converts speech to text directly and reduces physicians' efforts to record and send audio files for transcription. Such software makes the time-consuming process of transcription easy and simple. Speech recognition software packages have built-in safeguards that lower the risks of data breaches.
According to the report, one of the key drivers for market growth will be need for digital healthcare ecosystem. The healthcare industry is shifting from paper-based information management to digital document management. The enormous amounts of patient data generated in hospitals and clinics can be managed through the use of digital technology, such as analytical tools, healthcare information management systems, and digital document management systems.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Nuance Communications
- Amphion Medical
- Ascend Healthcare Systems
- Global Medical Transcription
- Scribe Healthcare Technologies
- Sterling Transcription
- Transtech Medical Solutions
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market Landscape
PART 06: Market segmentation by end user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/j6kv6c/global_medical
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-medical-transcription-it-spending-market-cagr-growth-of-648-by-2020---trends-technologies--opportunities-report-2016-2020---key-vendors-accuro-3m-voxtab-300313311.html
SOURCE Research and Markets