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PUBLISHER: KBV Research | PRODUCT CODE: 1563320
PUBLISHER: KBV Research | PRODUCT CODE: 1563320
Europe Medical Speech Recognition Software Market Size, Share & Trends Analysis Report By Deployment (Cloud-based and On-premises), By Functionality, By End Use, By Country and Growth Forecast, 2024 - 2031
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The Europe Medical Speech Recognition Software Market would witness market growth of 10.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Medical Speech Recognition Software Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $181.1 million by 2031. The UK market is exhibiting a CAGR of 9.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11.2% during (2024 - 2031).
Radiologists use speech recognition software to dictate findings from imaging studies. The software converts spoken descriptions into written reports, including detailed observations, diagnostic conclusions, and recommendations. By using voice commands, radiologists can generate reports more quickly and accurately, improving turnaround times for imaging studies and facilitating timely patient care.
Speech recognition software can be integrated into patient portals, allowing patients to interact with the system using voice commands. This interaction can include accessing test results, scheduling appointments, and retrieving educational materials. For patients with disabilities or those who prefer voice interaction, speech recognition software provides an accessible means of engaging with healthcare services, improving patient experience and satisfaction.
The growth of telemedicine in Italy necessitates speech recognition software capable of accurately processing the Italian language. Customized solutions that understand Italian medical terminology and regional accents are essential for effective telehealth documentation. Italy's diverse dialects and regional variations require speech recognition software to accurately interpret and transcribe various Italian dialects used during telemedicine consultations. Europe's high medical expenditure includes funding multinational healthcare projects to improve patient care across borders. Medical speech recognition software plays a role in these projects by facilitating accurate and consistent documentation in various languages and healthcare systems. European Union-wide health programs and initiatives often include provisions for adopting advanced technologies. Speech recognition software is integrated into these programs to enhance the quality and efficiency of cross-border healthcare services. Thus, the region's rising telemedicine and high healthcare expenditure are driving the market's growth.
Based on Deployment, the market is segmented into Cloud-based and On-premises. Based on Functionality, the market is segmented into Front-end Speech Recognition, Back-End Speech Recognition, and Voice Command and Control. Based on End Use, the market is segmented into Doctors & Physicians, Radiologists, Medical Transcriptionist, and Other End Use. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Microsoft Corporation
- 3M Company
- Google LLC (Alphabet Inc.)
- Koninklijke Philips N.V.
- DeepScribe Inc.
- Augnito India Pvt. Ltd.
- Deepgram, Inc.
- ScienceSoft USA Corporation
Europe Medical Speech Recognition Software Market Report Segmentation
By Deployment
- Cloud-based
- On-premises
By Functionality
- Front-end Speech Recognition
- Back-End Speech Recognition
- Voice Command and Control
By End Use
- Doctors & Physicians
- Radiologists
- Medical Transcriptionist
- Other End Use
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Medical Speech Recognition Software Market, by Deployment
- 1.4.2 Europe Medical Speech Recognition Software Market, by Functionality
- 1.4.3 Europe Medical Speech Recognition Software Market, by End Use
- 1.4.4 Europe Medical Speech Recognition Software Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.1.1 Partnerships, Collaborations and Agreements
- 4.1.2 Product Launches and Product Expansions
- 4.1.3 Acquisition and Mergers
- 4.2 Market Share Analysis, 2023
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan-2024, Aug) Leading Players
- 4.4 Porter Five Forces Analysis
Chapter 5. Europe Medical Speech Recognition Software Market by Deployment
- 5.1 Europe Cloud-based Market by Country
- 5.2 Europe On-premises Market by Country
Chapter 6. Europe Medical Speech Recognition Software Market by Functionality
- 6.1 Europe Front-end Speech Recognition Market by Country
- 6.2 Europe Back-End Speech Recognition Market by Country
- 6.3 Europe Voice Command and Control Market by Country
Chapter 7. Europe Medical Speech Recognition Software Market by End Use
- 7.1 Europe Doctors & Physicians Market by Country
- 7.2 Europe Radiologists Market by Country
- 7.3 Europe Medical Transcriptionist Market by Country
- 7.4 Europe Other End Use Market by Country
Chapter 8. Europe Medical Speech Recognition Software Market by Country
- 8.1 Germany Medical Speech Recognition Software Market
- 8.1.1 Germany Medical Speech Recognition Software Market by Deployment
- 8.1.2 Germany Medical Speech Recognition Software Market by Functionality
- 8.1.3 Germany Medical Speech Recognition Software Market by End Use
- 8.2 UK Medical Speech Recognition Software Market
- 8.2.1 UK Medical Speech Recognition Software Market by Deployment
- 8.2.2 UK Medical Speech Recognition Software Market by Functionality
- 8.2.3 UK Medical Speech Recognition Software Market by End Use
- 8.3 France Medical Speech Recognition Software Market
- 8.3.1 France Medical Speech Recognition Software Market by Deployment
- 8.3.2 France Medical Speech Recognition Software Market by Functionality
- 8.3.3 France Medical Speech Recognition Software Market by End Use
- 8.4 Russia Medical Speech Recognition Software Market
- 8.4.1 Russia Medical Speech Recognition Software Market by Deployment
- 8.4.2 Russia Medical Speech Recognition Software Market by Functionality
- 8.4.3 Russia Medical Speech Recognition Software Market by End Use
- 8.5 Spain Medical Speech Recognition Software Market
- 8.5.1 Spain Medical Speech Recognition Software Market by Deployment
- 8.5.2 Spain Medical Speech Recognition Software Market by Functionality
- 8.5.3 Spain Medical Speech Recognition Software Market by End Use
- 8.6 Italy Medical Speech Recognition Software Market
- 8.6.1 Italy Medical Speech Recognition Software Market by Deployment
- 8.6.2 Italy Medical Speech Recognition Software Market by Functionality
- 8.6.3 Italy Medical Speech Recognition Software Market by End Use
- 8.7 Rest of Europe Medical Speech Recognition Software Market
- 8.7.1 Rest of Europe Medical Speech Recognition Software Market by Deployment
- 8.7.2 Rest of Europe Medical Speech Recognition Software Market by Functionality
- 8.7.3 Rest of Europe Medical Speech Recognition Software Market by End Use
Chapter 9. Company Profiles
- 9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Partnerships, Collaborations, and Agreements:
- 9.1.4.2 Product Launches and Product Expansions:
- 9.1.5 SWOT Analysis
- 9.2 IBM Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional & Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.5.3 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Microsoft Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 3M Company
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Google LLC (Alphabet Inc.)
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
- 9.6 Koninklijke Philips N.V.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 SWOT Analysis
- 9.7 DeepScribe Inc.
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Partnerships, Collaborations, and Agreements:
- 9.8 Augnito India Pvt. Ltd.
- 9.8.1 Company Overview
- 9.9 Deepgram, Inc.
- 9.9.1 Company Overview
- 9.10. ScienceSoft USA Corporation
- 9.10.1 Company Overview
LIST OF TABLES
- TABLE 1 Europe Medical Speech Recognition Software Market, 2020 - 2023, USD Million
- TABLE 2 Europe Medical Speech Recognition Software Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Medical Speech Recognition Software Market
- TABLE 4 Product Launches And Product Expansions- Medical Speech Recognition Software Market
- TABLE 5 Acquisition and Mergers- Medical Speech Recognition Software Market
- TABLE 6 Europe Medical Speech Recognition Software Market by Deployment, 2020 - 2023, USD Million
- TABLE 7 Europe Medical Speech Recognition Software Market by Deployment, 2024 - 2031, USD Million
- TABLE 8 Europe Cloud-based Market by Country, 2020 - 2023, USD Million
- TABLE 9 Europe Cloud-based Market by Country, 2024 - 2031, USD Million
- TABLE 10 Europe On-premises Market by Country, 2020 - 2023, USD Million
- TABLE 11 Europe On-premises Market by Country, 2024 - 2031, USD Million
- TABLE 12 Europe Medical Speech Recognition Software Market by Functionality, 2020 - 2023, USD Million
- TABLE 13 Europe Medical Speech Recognition Software Market by Functionality, 2024 - 2031, USD Million
- TABLE 14 Europe Front-end Speech Recognition Market by Country, 2020 - 2023, USD Million
- TABLE 15 Europe Front-end Speech Recognition Market by Country, 2024 - 2031, USD Million
- TABLE 16 Europe Back-End Speech Recognition Market by Country, 2020 - 2023, USD Million
- TABLE 17 Europe Back-End Speech Recognition Market by Country, 2024 - 2031, USD Million
- TABLE 18 Europe Voice Command and Control Market by Country, 2020 - 2023, USD Million
- TABLE 19 Europe Voice Command and Control Market by Country, 2024 - 2031, USD Million
- TABLE 20 Europe Medical Speech Recognition Software Market by End Use, 2020 - 2023, USD Million
- TABLE 21 Europe Medical Speech Recognition Software Market by End Use, 2024 - 2031, USD Million
- TABLE 22 Europe Doctors & Physicians Market by Country, 2020 - 2023, USD Million
- TABLE 23 Europe Doctors & Physicians Market by Country, 2024 - 2031, USD Million
- TABLE 24 Europe Radiologists Market by Country, 2020 - 2023, USD Million
- TABLE 25 Europe Radiologists Market by Country, 2024 - 2031, USD Million
- TABLE 26 Europe Medical Transcriptionist Market by Country, 2020 - 2023, USD Million
- TABLE 27 Europe Medical Transcriptionist Market by Country, 2024 - 2031, USD Million
- TABLE 28 Europe Other End Use Market by Country, 2020 - 2023, USD Million
- TABLE 29 Europe Other End Use Market by Country, 2024 - 2031, USD Million
- TABLE 30 Europe Medical Speech Recognition Software Market by Country, 2020 - 2023, USD Million
- TABLE 31 Europe Medical Speech Recognition Software Market by Country, 2024 - 2031, USD Million
- TABLE 32 Germany Medical Speech Recognition Software Market, 2020 - 2023, USD Million
- TABLE 33 Germany Medical Speech Recognition Software Market, 2024 - 2031, USD Million
- TABLE 34 Germany Medical Speech Recognition Software Market by Deployment, 2020 - 2023, USD Million
- TABLE 35 Germany Medical Speech Recognition Software Market by Deployment, 2024 - 2031, USD Million
- TABLE 36 Germany Medical Speech Recognition Software Market by Functionality, 2020 - 2023, USD Million
- TABLE 37 Germany Medical Speech Recognition Software Market by Functionality, 2024 - 2031, USD Million
- TABLE 38 Germany Medical Speech Recognition Software Market by End Use, 2020 - 2023, USD Million
- TABLE 39 Germany Medical Speech Recognition Software Market by End Use, 2024 - 2031, USD Million
- TABLE 40 UK Medical Speech Recognition Software Market, 2020 - 2023, USD Million
- TABLE 41 UK Medical Speech Recognition Software Market, 2024 - 2031, USD Million
- TABLE 42 UK Medical Speech Recognition Software Market by Deployment, 2020 - 2023, USD Million
- TABLE 43 UK Medical Speech Recognition Software Market by Deployment, 2024 - 2031, USD Million
- TABLE 44 UK Medical Speech Recognition Software Market by Functionality, 2020 - 2023, USD Million
- TABLE 45 UK Medical Speech Recognition Software Market by Functionality, 2024 - 2031, USD Million
- TABLE 46 UK Medical Speech Recognition Software Market by End Use, 2020 - 2023, USD Million
- TABLE 47 UK Medical Speech Recognition Software Market by End Use, 2024 - 2031, USD Million
- TABLE 48 France Medical Speech Recognition Software Market, 2020 - 2023, USD Million
- TABLE 49 France Medical Speech Recognition Software Market, 2024 - 2031, USD Million
- TABLE 50 France Medical Speech Recognition Software Market by Deployment, 2020 - 2023, USD Million
- TABLE 51 France Medical Speech Recognition Software Market by Deployment, 2024 - 2031, USD Million
- TABLE 52 France Medical Speech Recognition Software Market by Functionality, 2020 - 2023, USD Million
- TABLE 53 France Medical Speech Recognition Software Market by Functionality, 2024 - 2031, USD Million
- TABLE 54 France Medical Speech Recognition Software Market by End Use, 2020 - 2023, USD Million
- TABLE 55 France Medical Speech Recognition Software Market by End Use, 2024 - 2031, USD Million
- TABLE 56 Russia Medical Speech Recognition Software Market, 2020 - 2023, USD Million
- TABLE 57 Russia Medical Speech Recognition Software Market, 2024 - 2031, USD Million
- TABLE 58 Russia Medical Speech Recognition Software Market by Deployment, 2020 - 2023, USD Million
- TABLE 59 Russia Medical Speech Recognition Software Market by Deployment, 2024 - 2031, USD Million
- TABLE 60 Russia Medical Speech Recognition Software Market by Functionality, 2020 - 2023, USD Million
- TABLE 61 Russia Medical Speech Recognition Software Market by Functionality, 2024 - 2031, USD Million
- TABLE 62 Russia Medical Speech Recognition Software Market by End Use, 2020 - 2023, USD Million
- TABLE 63 Russia Medical Speech Recognition Software Market by End Use, 2024 - 2031, USD Million
- TABLE 64 Spain Medical Speech Recognition Software Market, 2020 - 2023, USD Million
- TABLE 65 Spain Medical Speech Recognition Software Market, 2024 - 2031, USD Million
- TABLE 66 Spain Medical Speech Recognition Software Market by Deployment, 2020 - 2023, USD Million
- TABLE 67 Spain Medical Speech Recognition Software Market by Deployment, 2024 - 2031, USD Million
- TABLE 68 Spain Medical Speech Recognition Software Market by Functionality, 2020 - 2023, USD Million
- TABLE 69 Spain Medical Speech Recognition Software Market by Functionality, 2024 - 2031, USD Million
- TABLE 70 Spain Medical Speech Recognition Software Market by End Use, 2020 - 2023, USD Million
- TABLE 71 Spain Medical Speech Recognition Software Market by End Use, 2024 - 2031, USD Million
- TABLE 72 Italy Medical Speech Recognition Software Market, 2020 - 2023, USD Million
- TABLE 73 Italy Medical Speech Recognition Software Market, 2024 - 2031, USD Million
- TABLE 74 Italy Medical Speech Recognition Software Market by Deployment, 2020 - 2023, USD Million
- TABLE 75 Italy Medical Speech Recognition Software Market by Deployment, 2024 - 2031, USD Million
- TABLE 76 Italy Medical Speech Recognition Software Market by Functionality, 2020 - 2023, USD Million
- TABLE 77 Italy Medical Speech Recognition Software Market by Functionality, 2024 - 2031, USD Million
- TABLE 78 Italy Medical Speech Recognition Software Market by End Use, 2020 - 2023, USD Million
- TABLE 79 Italy Medical Speech Recognition Software Market by End Use, 2024 - 2031, USD Million
- TABLE 80 Rest of Europe Medical Speech Recognition Software Market, 2020 - 2023, USD Million
- TABLE 81 Rest of Europe Medical Speech Recognition Software Market, 2024 - 2031, USD Million
- TABLE 82 Rest of Europe Medical Speech Recognition Software Market by Deployment, 2020 - 2023, USD Million
- TABLE 83 Rest of Europe Medical Speech Recognition Software Market by Deployment, 2024 - 2031, USD Million
- TABLE 84 Rest of Europe Medical Speech Recognition Software Market by Functionality, 2020 - 2023, USD Million
- TABLE 85 Rest of Europe Medical Speech Recognition Software Market by Functionality, 2024 - 2031, USD Million
- TABLE 86 Rest of Europe Medical Speech Recognition Software Market by End Use, 2020 - 2023, USD Million
- TABLE 87 Rest of Europe Medical Speech Recognition Software Market by End Use, 2024 - 2031, USD Million
- TABLE 88 Key Information - Amazon Web Services, Inc.
- TABLE 89 Key Information - IBM Corporation
- TABLE 90 Key Information - Microsoft Corporation
- TABLE 91 Key Information - 3M Company
- TABLE 92 Key Information - Google LLC
- TABLE 93 Key Information - Koninklijke Philips N.V.
- TABLE 94 Key Information - DeepScribe Inc.
- TABLE 95 Key Information - Augnito India Pvt. Ltd.
- TABLE 96 Key Information - Deepgram, Inc.
- TABLE 97 Key Information - ScienceSoft USA Corporation
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