Medical Terminology Software Global Market Report 2025

Description

Medical terminology software aids healthcare professionals, and students in learning medical terms through interactive quizzes, flashcards, and games. It's utilized in healthcare settings, educational institutions, and by patients to grasp medical terminology, prefixes, suffixes, and abbreviations, enhancing communication and understanding.

The main products and services of medical terminology software are services and platforms. Medical terminology software services refer to a range of offerings related to the development, deployment, and maintenance of software applications that standardize and manage medical terminology in healthcare settings. It is used for data aggregation, reimbursement, public health surveillance, data integration, decision support, clinical trials, quality reporting, and clinical guidelines applications of healthcare providers, healthcare payers, healthcare information technology (IT) vendors, and other end users.

The medical terminology software market size has grown rapidly in recent years. It will grow from $1.3 billion in 2024 to $1.5 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to disparity & fragmentation in the terminology content of healthcare organizations, rising focus on minimizing medical errors, increasing attention to reduce medical errors, increasing adoption of electronic health records (EHR), and rising adoption of data integrity is driving the market growth.

The medical terminology software market size is expected to see rapid growth in the next few years. It will grow to $2.73 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to increasing need to maintain data integrity, government initiatives for HCIT adoption, governmental programs to promote the adoption of HCIT, growing emphasis on personalized & precision medicine, and increased inventory control and tracking new product launches. Major trends in the forecast period include reluctance to use medical terminology solutions over conventional practices, developing nations, advancements in natural language processing (NLP), integration with electronic health records (EHR), genomic data integration.

The growing emphasis on reducing medical errors is expected to drive the growth of the medical terminology software market in the future. Minimizing medical errors involves efforts and strategies aimed at reducing mistakes in healthcare that could harm patients. Medical terminology software is essential for enhancing the accuracy and efficiency of healthcare documentation and communication, thereby lowering the risk of medical errors. For example, a report from the Institute of Global Health Innovation, a UK-based research institute, revealed that approximately 237 million errors occur annually in England. As a result, the increasing focus on reducing medical errors is contributing to the growth of the medical terminology software market.

Major companies operating in the medical terminology software market are developing innovative technologies, such as natural language processing solutions, to understand and respond to human language. Natural Language Processing (NLP) refers to the branch of computer science and artificial intelligence concerned with giving computers the ability to understand and respond to human language in text or voice data. For instance, in March 2023, Kensho Technologies Inc., a US-based artificial intelligence company, launched a new Natural Language Processing (NLP) solution called Kensho Classify. This solution is designed to conceptually understand and classify documents, enabling analysis of text, smart search, content recommendations, and streamlined research and analysis. It is specifically tuned for complex business and finance use cases, allowing users to find concepts and topics within documents quickly and efficiently without requiring machine learning or technical skills.

In March 2022, Thomas H. Lee Partners L.P., a US-based private equity company, acquired Intelligent Medical Objects (IMO) for $1.5 billion. The acquisition allows THL to expand its presence in the healthcare technology market and capitalize on the growing demand for medical terminology software. Further, the acquisition provides THL opportunities to invest in research and development initiatives and expand IMO's product offerings to meet evolving healthcare needs. Intelligent Medical Objects is a US-based healthcare data enablement company that provides clinical interface terminology solutions.

Major companies operating in the medical terminology software market are 3M Health Information Systems, Wolters Kluwer N.V, Cerner Corporation, M*Modal, Nuance Communications Inc., CareCom A/S, Orion Health, First Databank, SemanticBits, Phastar Corporation, Intelligent Medical Objects Inc., Rhapsody, Clinical Architecture LLC, Infermedica, Apelon Inc., HiveWorx Private Ltd., SNOMED International, B2i Healthcare Kft, BITAC Inc, BT Clinical Computing, West Coast Informatics Inc., Health Navigator, Medical Database, Inc., Prismatik, RealTime Medical, Snomed International, Terminologik, TermSolution Gmbh

North America was the largest region in the medical terminology software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical terminology software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the medical terminology software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medical terminology software market includes revenues earned by entities by electronic health record (EHR) software, medical database software, hospital management software, medical diagnosis software, medical research software. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The medical terminology software market consists of sales of software used for the storage, management, and analysis of medical terminology. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Medical Terminology Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on medical terminology software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for medical terminology software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical terminology software market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product And Service: Services; Platforms
2) By Application: Data Aggregation; Reimbursement; Public Health Surveillance; Data Integration; Decision Support; Clinical Trials; Quality Reporting; Clinical Guidelines
3) By End User: Healthcare Providers; Healthcare Payers; Healthcare Information Technology (IT) Vendors; Other End Users

Subsegments;

1) By Services: Consulting Services; Implementation Services; Training And Support Services
2) By Platforms: Cloud-Based Platforms; On-Premises Platforms
Companies Mentioned: 3M Health Information Systems; Wolters Kluwer N.V; Cerner Corporation; M*Modal; Nuance Communications Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r28501

1. Executive Summary

2. Medical Terminology Software Market Characteristics

3. Medical Terminology Software Market Trends And Strategies

4. Medical Terminology Software Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Medical Terminology Software Growth Analysis And Strategic Analysis Framework

5.1. Global Medical Terminology Software PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Medical Terminology Software Market Growth Rate Analysis
5.4. Global Medical Terminology Software Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Medical Terminology Software Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Medical Terminology Software Total Addressable Market (TAM)

6. Medical Terminology Software Market Segmentation

6.1. Global Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Services
Platforms
6.2. Global Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Data Aggregation
Reimbursement
Public Health Surveillance
Data Integration
Decision Support
Clinical Trials
Quality Reporting
Clinical Guidelines
6.3. Global Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Healthcare Providers
Healthcare Payers
Healthcare Information Technology (IT) Vendors
Other End Users
6.4. Global Medical Terminology Software Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Consulting Services
Implementation Services
Training And Support Services
6.5. Global Medical Terminology Software Market, Sub-Segmentation Of Platforms, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Cloud-Based Platforms
On-Premises Platforms

7. Medical Terminology Software Market Regional And Country Analysis

7.1. Global Medical Terminology Software Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Medical Terminology Software Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Medical Terminology Software Market

8.1. Asia-Pacific Medical Terminology Software Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Medical Terminology Software Market

9.1. China Medical Terminology Software Market Overview
9.2. China Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Medical Terminology Software Market

10.1. India Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Medical Terminology Software Market

11.1. Japan Medical Terminology Software Market Overview
11.2. Japan Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Medical Terminology Software Market

12.1. Australia Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Medical Terminology Software Market

13.1. Indonesia Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Medical Terminology Software Market

14.1. South Korea Medical Terminology Software Market Overview
14.2. South Korea Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Medical Terminology Software Market

15.1. Western Europe Medical Terminology Software Market Overview
15.2. Western Europe Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Medical Terminology Software Market

16.1. UK Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Medical Terminology Software Market

17.1. Germany Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Medical Terminology Software Market

18.1. France Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Medical Terminology Software Market

19.1. Italy Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Medical Terminology Software Market

20.1. Spain Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Medical Terminology Software Market

21.1. Eastern Europe Medical Terminology Software Market Overview
21.2. Eastern Europe Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Medical Terminology Software Market

22.1. Russia Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Medical Terminology Software Market

23.1. North America Medical Terminology Software Market Overview
23.2. North America Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Medical Terminology Software Market

24.1. USA Medical Terminology Software Market Overview
24.2. USA Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Medical Terminology Software Market

25.1. Canada Medical Terminology Software Market Overview
25.2. Canada Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Medical Terminology Software Market

26.1. South America Medical Terminology Software Market Overview
26.2. South America Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Medical Terminology Software Market

27.1. Brazil Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Medical Terminology Software Market

28.1. Middle East Medical Terminology Software Market Overview
28.2. Middle East Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Medical Terminology Software Market

29.1. Africa Medical Terminology Software Market Overview
29.2. Africa Medical Terminology Software Market, Segmentation By Product And Service, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Medical Terminology Software Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Medical Terminology Software Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Medical Terminology Software Market Competitive Landscape And Company Profiles

30.1. Medical Terminology Software Market Competitive Landscape
30.2. Medical Terminology Software Market Company Profiles
- 30.2.1. 3M Health Information Systems Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Wolters Kluwer N.V Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Cerner Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. M*Modal Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Nuance Communications Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Medical Terminology Software Market Other Major And Innovative Companies

31.1. CareCom A/S
31.2. Orion Health
31.3. First Databank
31.4. SemanticBits
31.5. Phastar Corporation
31.6. Intelligent Medical Objects Inc.
31.7. Rhapsody
31.8. Clinical Architecture LLC
31.9. Infermedica
31.10. Apelon Inc.
31.11. HiveWorx Private Ltd.
31.12. SNOMED International
31.13. B2i Healthcare Kft
31.14. BITAC Inc
31.15. BT Clinical Computing

32. Global Medical Terminology Software Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Medical Terminology Software Market

34. Recent Developments In The Medical Terminology Software Market

35. Medical Terminology Software Market High Potential Countries, Segments and Strategies

35.1 Medical Terminology Software Market In 2029 - Countries Offering Most New Opportunities
35.2 Medical Terminology Software Market In 2029 - Segments Offering Most New Opportunities
35.3 Medical Terminology Software Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer