VALIDATED EXECUTIVE ENGAGEMENTS
POOL + OUTREACH
INTERACTIONS
PARTICIPANTS
VALIDATIONS
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DATE
JULY 2020
TABLES
60
PAGES
193
EDITION
16
PRICE
USD $5450
Easy Growth Opportunities Often Go Unnoticed. Find Your "Low Hanging Fruit".
Top Markets for Medical Transcription Services.
COVID-19 IMPACT SURVEY
GLOBAL EXECUTIVE SURVEY
Impact of Pandemic & Economic Slowdown
Monitor Market Dynamics!
Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here.
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| I. INTRODUCTION, METHODOLOGY & REPORT SCOPE |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| At A Glance |
| Recent Market Activity |
| Preface |
| Transcription Services - Critical Component in Government and Industrial Sectors |
| Medical Transcription Services - Benchmark vs. Need |
| MT Services and its Benefits to Healthcare Professionals |
| Medical Transcription - Marching Ahead amid Technologically Advanced and Automated Environment |
| Embracing Innovative and Latest Technologies |
| Current and Future Analysis |
| US - The Largest Market |
| Globalization and Medical Transcription |
| Emergence of New Supply Markets in Eastern Europe and South America |
| MT Industry Remains Unscathed from Economic Recession |
| Hospitals Favor MT Services as Market Conditions Toughen |
| Favorable Economic Trends Positively Influence MT Services Market |
| Global Competitor Market Shares |
| Medical Transcription Services Competitor Market Share Scenario Worldwide (in %): 2020 & 2029 |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| Acusis India (India) |
| Audio Dicta Transcription Services (USA) |
| Care Technologies India Private Ltd. (India) |
| eTransMed, LLC (USA) |
| iMedX Inc. (USA) |
| M*Modal IP LLC (USA) |
| Medical Transcription Services (USA) |
| Nuance Communications, Inc. (USA) |
| TopTrans Company (Philippines) |
| Total Transcription Solutions, Inc. (Philippines) |
| TransDyne (India) |
| TransTech Medical Solutions (USA) |
| Vennar Soft Inc. (USA) |
| 3. MARKET TRENDS & DRIVERS |
| Positive Outlook for the Healthcare Industry - Key Growth Indicator |
| Outsourcing Gathers Steam |
| Sourcing Strategy/Model: Means to Achieve Business Process |
| Sole Sourcing - A Model for Increasing Operational Efficiency |
| Radiology Services Offer Lucrative Outsourcing Prospects |
| In-house Vis-a-Vis Outsourcing |
| Offshoring Gains Traction |
| Off-shoring to Drive Cost-Effectiveness |
| A Brief Sketch of Major Outsourcing Destinations |
| India |
| Philippines |
| Nearshoring Finds Favor among Businesses |
| The Debate on Voice Recognition Technology Continues |
| Speech Recognition Technology - Impact on Medical, Legal and General Transcription |
| Front-End Solution Application Still in Nascent Stage |
| Speech Recognition Editing Services Gain Momentum |
| Advancements Revolutionize MT |
| MT: No Longer the Lone Choice for Creation of Medical Records |
| Is EMR System Really a Threat for MT Services? |
| ICD-11: Boon or Bane? |
| Gradual Shift to "VBC" based Pricing Model |
| Aging Population - A Vital Demography |
| Preventive Healthcare Trend Offers Potential |
| Advantages of Medical Transcription Drives Demand |
| Advanced Technologies to the Rescue |
| Robotic Automation Makes In Roads in BPO Industry |
| Social Networking Trend Transforms Business Strategies |
| Growth of Internet-Centered Technologies |
| Faster Adoption of Cloud-Based Medical Transcription Services |
| BPO Providers Warm up to Green Computing |
| Medical Transcription Outsourcing - A Review |
| Reasons for Outsourcing MT Services |
| Outsourced MT Services |
| Advantages of MT Outsourcing |
| Drawbacks of Outsourcing MT Services |
| Medical Transcription Offshoring |
| Offshoring - A Lucrative Option to Curb Business Expenses |
| Offshoring Barriers |
| Developing Nations - A Haven for MT Outsourcing Services |
| INNOVATIONS AND TECHNOLOGICAL ADVANCEMENTS |
| Digital Technology and Medical Transcription |
| Adoption of New EHR System |
| Speech Recognition Technology for the MT Services Market |
| AI and Voice Transcription |
| 4. GLOBAL MARKET PERSPECTIVE |
| Medical Transcription Services Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Medical Transcription Services Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017 |
| Medical Transcription Services Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025 |
| Consultation Reports (Service Segment) World Market by Region/Country in US$ Million: 2018 to 2025 |
| Consultation Reports (Service Segment) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017 |
| Consultation Reports (Service Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025 |
| History & Physical Reports (Service Segment) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025 |
| History & Physical Reports (Service Segment) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017 |
| History & Physical Reports (Service Segment) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025 |
| Operative Reports (Service Segment) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025 |
| Operative Reports (Service Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017 |
| Operative Reports (Service Segment) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025 |
| Other Service Segments (Service Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025 |
| Other Service Segments (Service Segment) Market Historic Review by Region/Country in US$ Million: 2009 to 2017 |
| Other Service Segments (Service Segment) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025 |
| III. MARKET ANALYSIS |
| GEOGRAPHIC MARKET ANALYSIS |
| United States |
| Market Facts & Figures |
| US Medical Transcription Services Market Share (in %) by Company: 2020 & 2025 |
| United States Medical Transcription Services Market Estimates and Projections in US$ Million by Service Segment: 2018 to 2025 |
| Medical Transcription Services Market in the United States by Service Segment: A Historic Review in US$ Million for 2009-2017 |
| United States Medical Transcription Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025 |
| Canada |
| Canadian Medical Transcription Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018 to 2025 |
| Canadian Medical Transcription Services Historic Market Review by Service Segment in US$ Million: 2009-2017 |
| Medical Transcription Services Market in Canada: Percentage Share Breakdown of Sales by Service Segment for 2009, 2019, and 2025 |
| Japan |
| Japanese Market for Medical Transcription Services: Annual Sales Estimates and Projections in US$ Million by Service Segment for the Period 2018-2025 |
| Medical Transcription Services Market in Japan: Historic Sales Analysis in US$ Million by Service Segment for the Period 2009-2017 |
| Japanese Medical Transcription Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025 |
| China |
| Chinese Medical Transcription Services Market Growth Prospects in US$ Million by Service Segment for the Period 2018-2025 |
| Medical Transcription Services Historic Market Analysis in China in US$ Million by Service Segment: 2009-2017 |
| Chinese Medical Transcription Services Market by Service Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| Europe |
| Market Facts & Figures |
| European Medical Transcription Services Market: Competitor Market Share Scenario (in %) for 2020 & 2025 |
| European Medical Transcription Services Market Demand Scenario in US$ Million by Region/Country: 2018-2025 |
| Medical Transcription Services Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017 |
| European Medical Transcription Services Market Share Shift by Region/Country: 2009 VS 2019 VS 2025 |
| European Medical Transcription Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018-2025 |
| Medical Transcription Services Market in Europe in US$ Million by Service Segment: A Historic Review for the Period 2009-2017 |
| European Medical Transcription Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025 |
| France |
| Medical Transcription Services Market in France by Service Segment: Estimates and Projections in US$ Million for the Period 2018-2025 |
| French Medical Transcription Services Historic Market Scenario in US$ Million by Service Segment: 2009-2017 |
| French Medical Transcription Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025 |
| Germany |
| Medical Transcription Services Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Service Segment for the Period 2018-2025 |
| German Medical Transcription Services Historic Market Analysis in US$ Million by Service Segment: 2009-2017 |
| German Medical Transcription Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025 |
| Italy |
| Italian Medical Transcription Services Market Growth Prospects in US$ Million by Service Segment for the Period 2018-2025 |
| Medical Transcription Services Historic Market Analysis in Italy in US$ Million by Service Segment: 2009-2017 |
| Italian Medical Transcription Services Market by Service Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| United Kingdom |
| United Kingdom Market for Medical Transcription Services: Annual Sales Estimates and Projections in US$ Million by Service Segment for the Period 2018-2025 |
| Medical Transcription Services Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Segment for the Period 2009-2017 |
| United Kingdom Medical Transcription Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025 |
| Rest of Europe |
| Rest of Europe Medical Transcription Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018-2025 |
| Medical Transcription Services Market in Rest of Europe in US$ Million by Service Segment: A Historic Review for the Period 2009-2017 |
| Rest of Europe Medical Transcription Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025 |
| Asia-Pacific |
| Medical Transcription Services Market in Asia-Pacific by Service Segment: Estimates and Projections in US$ Million for the Period 2018-2025 |
| Asia-Pacific Medical Transcription Services Historic Market Scenario in US$ Million by Service Segment: 2009-2017 |
| Asia-Pacific Medical Transcription Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025 |
| Rest of World |
| Rest of World Medical Transcription Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018 to 2025 |
| Rest of World Medical Transcription Services Historic Market Review by Service Segment in US$ Million: 2009-2017 |
| Medical Transcription Services Market in Rest of World: Percentage Share Breakdown of Sales by Service Segment for 2009, 2019, and 2025 |
| IV. COMPETITION |
| Total Companies Profiled : 123 Click here to request a full table of contents and more details on this project. |
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