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Medical Terminology Software Market – Expected To Open Up New Growth Avenues In The Near Future 2027

Press release   •   Jul 18, 2019 22:26 IST

Medical Terminology Software Market

Medical terminology software is the service and software for the efficient, accurate and effective approach to sematic interoperability. It helps in managing, integrating, deploying and extending standard terminologies within integrated healthcare. it also helps in patient documentation and capture of clinical information. The terminology software helps the organization to map or crosswalk custom codes to standard terminology and ensure proper billing and analytics.

The medical terminology software market is to grow exponentially in the forecast period owing to driving factors such as increasing focus on decreasing the medical errors, disparity and fragmentation in terminology content of healthcare as well as government initiatives for HCIT adoption. In addition, the emerging economies and growing need to maintain data integrity is anticipated to offer significant growth opportunities in the market during the forecast period.

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The "Global Medical Terminology Software Market Analysis to 2027" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of medical terminology software market with detailed market segmentation by application, service, end user and geography. The global medical terminology software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading medical terminology software market players and offers key trends and opportunities in the market.

The global medical terminology software market is segmented on the basis of application, service and end user. Based on application, the market is classified as data aggregation, decision support, clinical trials, clinical guidelines, reimbursement, public health surveillance, quality reporting and data integration. On the basis of service the market is divided into services and platforms. On the basis of end user the medical terminology software market is classified as healthcare providers, healthcare payers, healthcare IT vendors and other end users

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global medical terminology software market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The medical terminology software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting medical terminology software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the medical terminology software market in these regions.

The reports cover key developments in the medical terminology software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as service launches, service approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from medical terminology software market are anticipated to lucrative growth opportunities in the future with the rising demand for medical terminology software market in the global market. Below mentioned is the list of few companies engaged in the medical terminology software market.

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The report also includes the profiles of key medical terminology software market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  • 3M
  • Apelon, Inc.
  • B2i Healthcare Pte Ltd
  • Carecom Ltd
  • Clinical Architecture, LLC.
  • HiveWorx
  • Informatics
  • Intelligent Medical Objects, Inc.
  • Wolters Kluwer

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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