Medical Transcription Market in US 2024-2028

PUBLISHED: October 18, 2024

PAGES: 122 Pages

DELIVERY TIME: 1-2 business days

SELECT AN OPTION

The medical transcription market in us is forecasted to grow by USD 1624.2 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the medical transcription market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for automated medical transcripts, government initiatives supporting adoption of health it systems, and growing prevalence of chronic diseases.

Technavio's medical transcription market in us is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.2%
CAGR	4.5%
Incremental Value	$1624.2 mn

By End-user

Hospitals
Physician groups and clinics

By Type

Services
Software

By Geographical Landscape

North America

This study identifies the growing adoption of advanced asr systems in healthcare sector as one of the prime reasons driving the medical transcription market in us growth during the next few years. Also, emergence of new speech recognition technologies and growing consolidation in market will lead to sizable demand in the market.

The report on the medical transcription market in us covers the following areas:

Medical Transcription Market in US sizing
Medical Transcription Market in US forecast
Medical Transcription Market in US industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical transcription market in us vendors that include 3M Co., Amazon.com Inc., Aquity LLC, Athreon Corp., CBAY Transcription Inc., Crimson Interactive Pvt. Ltd., Dolbey, EHR Transcriptions Inc., Global Medical Transcription LLC, InSync Healthcare Solution, Managed Outsource Solutions, NextGen Healthcare Inc., Nuance Communications Inc., Scribetech UK Ltd., SmartMD, Sunrise Transcriptions Inc., TransDyne, vChart LLC, World Wide Dictation Service of New York Inc., and ZyDoc Medical Transcription LLC. Also, the medical transcription market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR73847

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US: Year-over-year growth 2023-2028 (%)
- Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Medical Transcription Market in US 2018 - 2022
- Historic Market Size - Data Table on Medical Transcription Market in US 2018 - 2022 ($ million)
4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
6.3 Hospitals - Market size and forecast 2023-2028
- Chart on Hospitals - Market size and forecast 2023-2028 ($ million)
- Data Table on Hospitals - Market size and forecast 2023-2028 ($ million)
- Chart on Hospitals - Year-over-year growth 2023-2028 (%)
- Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
6.4 Physician groups and clinics - Market size and forecast 2023-2028
- Chart on Physician groups and clinics - Market size and forecast 2023-2028 ($ million)
- Data Table on Physician groups and clinics - Market size and forecast 2023-2028 ($ million)
- Chart on Physician groups and clinics - Year-over-year growth 2023-2028 (%)
- Data Table on Physician groups and clinics - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Services - Market size and forecast 2023-2028
- Chart on Services - Market size and forecast 2023-2028 ($ million)
- Data Table on Services - Market size and forecast 2023-2028 ($ million)
- Chart on Services - Year-over-year growth 2023-2028 (%)
- Data Table on Services - Year-over-year growth 2023-2028 (%)
7.4 Software - Market size and forecast 2023-2028
- Chart on Software - Market size and forecast 2023-2028 ($ million)
- Data Table on Software - Market size and forecast 2023-2028 ($ million)
- Chart on Software - Year-over-year growth 2023-2028 (%)
- Data Table on Software - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
- Overview on factors of disruption
10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered
11.2 Market positioning of companies
- Matrix on companies position and classification
- 3M Co.
- 3M Co. - Overview
- 3M Co. - Business segments
- 3M Co. - Key news
- 3M Co. - Key offerings
- 3M Co. - Segment focus
11.4 Amazon.com Inc.
- Amazon.com Inc. - Overview
- Amazon.com Inc. - Business segments
- Amazon.com Inc. - Key news
- Amazon.com Inc. - Key offerings
- Amazon.com Inc. - Segment focus
11.5 Aquity LLC
- Aquity LLC - Overview
- Aquity LLC - Product / Service
- Aquity LLC - Key offerings
11.6 Dolbey
- Dolbey - Overview
- Dolbey - Product / Service
- Dolbey - Key offerings
11.7 InSync Healthcare Solution
- InSync Healthcare Solution - Overview
- InSync Healthcare Solution - Product / Service
- InSync Healthcare Solution - Key offerings
11.8 NextGen Healthcare Inc.
- NextGen Healthcare Inc. - Overview
- NextGen Healthcare Inc. - Product / Service
- NextGen Healthcare Inc. - Key news
- NextGen Healthcare Inc. - Key offerings
11.9 Nuance Communications Inc.
- Nuance Communications Inc. - Overview
- Nuance Communications Inc. - Product / Service
- Nuance Communications Inc. - Key offerings
11.10 SmartMD
- SmartMD - Overview
- SmartMD - Product / Service
- SmartMD - Key offerings
11.11 World Wide Dictation Service of New York Inc.
- World Wide Dictation Service of New York Inc. - Overview
- World Wide Dictation Service of New York Inc. - Product / Service
- World Wide Dictation Service of New York Inc. - Key offerings
11.12 ZyDoc Medical Transcription LLC
- ZyDoc Medical Transcription LLC - Overview
- ZyDoc Medical Transcription LLC - Product / Service
- ZyDoc Medical Transcription LLC - Key offerings

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
12.3 Currency conversion rates for US$
- Currency conversion rates for US$
12.4 Research methodology
- Research methodology
12.5 Data procurement
- Information sources
12.6 Data validation
- Data validation
12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
12.8 Data synthesis
- Data synthesis
12.9 360 degree market analysis
- 360 degree market analysis
12.10 List of abbreviations
- List of abbreviations

Product Code: IRTNTR73847

Exhibits:

Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by End-user
Exhibits5: Executive Summary - Chart on Market Segmentation by Type
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits14: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Medical Transcription Market in US 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on End-user - Market share 2023-2028 (%)
Exhibits28: Data Table on End-user - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by End-user
Exhibits30: Data Table on Comparison by End-user
Exhibits31: Chart on Hospitals - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on Hospitals - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on Hospitals - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Physician groups and clinics - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Physician groups and clinics - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Physician groups and clinics - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Physician groups and clinics - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by End-user ($ million)
Exhibits40: Data Table on Market opportunity by End-user ($ million)
Exhibits41: Chart on Type - Market share 2023-2028 (%)
Exhibits42: Data Table on Type - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by Type
Exhibits44: Data Table on Comparison by Type
Exhibits45: Chart on Services - Market size and forecast 2023-2028 ($ million)
Exhibits46: Data Table on Services - Market size and forecast 2023-2028 ($ million)
Exhibits47: Chart on Services - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on Services - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on Software - Market size and forecast 2023-2028 ($ million)
Exhibits50: Data Table on Software - Market size and forecast 2023-2028 ($ million)
Exhibits51: Chart on Software - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Software - Year-over-year growth 2023-2028 (%)
Exhibits53: Market opportunity by Type ($ million)
Exhibits54: Data Table on Market opportunity by Type ($ million)
Exhibits55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits56: Impact of drivers and challenges in 2023 and 2028
Exhibits57: Overview on criticality of inputs and factors of differentiation
Exhibits58: Overview on factors of disruption
Exhibits59: Impact of key risks on business
Exhibits60: Companies covered
Exhibits61: Matrix on companies position and classification
Exhibits62: 3M Co. - Overview
Exhibits63: 3M Co. - Business segments
Exhibits64: 3M Co. - Key news
Exhibits65: 3M Co. - Key offerings
Exhibits66: 3M Co. - Segment focus
Exhibits67: Amazon.com Inc. - Overview
Exhibits68: Amazon.com Inc. - Business segments
Exhibits69: Amazon.com Inc. - Key news
Exhibits70: Amazon.com Inc. - Key offerings
Exhibits71: Amazon.com Inc. - Segment focus
Exhibits72: Aquity LLC - Overview
Exhibits73: Aquity LLC - Product / Service
Exhibits74: Aquity LLC - Key offerings
Exhibits75: Dolbey - Overview
Exhibits76: Dolbey - Product / Service
Exhibits77: Dolbey - Key offerings
Exhibits78: InSync Healthcare Solution - Overview
Exhibits79: InSync Healthcare Solution - Product / Service
Exhibits80: InSync Healthcare Solution - Key offerings
Exhibits81: NextGen Healthcare Inc. - Overview
Exhibits82: NextGen Healthcare Inc. - Product / Service
Exhibits83: NextGen Healthcare Inc. - Key news
Exhibits84: NextGen Healthcare Inc. - Key offerings
Exhibits85: Nuance Communications Inc. - Overview
Exhibits86: Nuance Communications Inc. - Product / Service
Exhibits87: Nuance Communications Inc. - Key offerings
Exhibits88: SmartMD - Overview
Exhibits89: SmartMD - Product / Service
Exhibits90: SmartMD - Key offerings
Exhibits91: World Wide Dictation Service of New York Inc. - Overview
Exhibits92: World Wide Dictation Service of New York Inc. - Product / Service
Exhibits93: World Wide Dictation Service of New York Inc. - Key offerings
Exhibits94: ZyDoc Medical Transcription LLC - Overview
Exhibits95: ZyDoc Medical Transcription LLC - Product / Service
Exhibits96: ZyDoc Medical Transcription LLC - Key offerings
Exhibits97: Inclusions checklist
Exhibits98: Exclusions checklist
Exhibits99: Currency conversion rates for US$
Exhibits100: Research methodology
Exhibits101: Information sources
Exhibits102: Data validation
Exhibits103: Validation techniques employed for market sizing
Exhibits104: Data synthesis
Exhibits105: 360 degree market analysis
Exhibits106: List of abbreviations