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Global Medical Transcription Market to grow at a CAGR of 6% by 2019

Press Release   •   Nov 25, 2016 05:32 EST

About medical transcription

Medical transcription is the process that involves documentation of medical records from voice to text format. Physicians record patient details in audio format, and these details are sent to a transcriptionist to decode and store in digital format. Medical transcription helps make data interpretation and analysis easy as through this health records are stored in a structured format. With the adoption of new technology and improvements in the healthcare sector, the global medical transcription market is expected to experience various opportunities.

Technavio's analysts forecast the global medical transcription market to grow at a CAGR of 6% over the period 2014-2019.

Covered in this report

The report covers the present scenario and the growth prospects of the global medical transcription market for the period 2015-2019. To calculate the market size, the report considers revenue generated by the following end-users: hospitals and physician groups, and clinics.

Technavio's report, Global Medical Transcription Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global medical transcription market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Key regions




Key vendors


IMeDx Information Services


Nuance Communications

Precyse Solutions

Other prominent vendors

Ascend Healthcare Systems

Global Medical Transcription

Scribe Healthcare Technologies

Transtech Medical Solutions

Key market driver

Focus on automation and cost effectiveness

For a full, detailed list, view our report

Key market challenge

Intense competition among vendors

For a full, detailed list, view our report

Key market trend

Availability of speech recognition software

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?