Global Medical Transcription Software Market Exhibit a CAGR of 16.5% from 2019-2026

A close up of a logo
The global medical transcription software market will benefit from the growing penetration of technology and automation in several applications across the healthcare industry. According to a report published by Fortune Business Insights, titled “Medical Transcription Software Market Size, Share & Industry Analysis, By Deployment (Cloud/Web-based and Installed/On-Premises), By End User Facility (Hospitals, Diagnostic Centers, Clinics, and Others), By Type (Voice Capture and Voice Recognition), By End User (Radiologists, Surgeons, Clinicians, and Others) and Regional Forecast, 2019-2026,” the market was valued at USD 1.17 Billion in 2018, and is projected to reach USD 3.84 Billion by 2026, exhibiting a CAGR of 16.5% during the forecast period.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this [Market].
For  More  Information :
Technological Advancements Have Been Integral to Market Growth
Recent technological advancements in medical transcription software are favoring the market growth. Factors such as reduced costs and easy-to-use nature of the software have led to high adoption of the product across the world. The advancements made in cloud services and their incorporation in medical transcription software has made a massive influence on the growth of the market in a positive way. The benefits offered by cloud, coupled with their cost-effective nature will aid market growth. As a result, several companies are now focusing on integrating cloud services into their patented software. In 2018, Speech Processing Solutions announced the launch of a new version of SpeechLive. The product was used to convert live voice notes into text and possessed stand-out features; the primary reason behind its worldwide popularity. Fortune Business Insights has predicted that the company’s latest product will not only help generate high revenue but will also have a positive impact on the overall medical transcription software market figures.
Driven by Favorable Government Regulations, North America to Establish a Dominance
Based on regional demographics, the report classifies the market into Europe, Asia Pacific, North America, Latin America, the Middle East and Africa, and North America. Among these regions, Fortune Business Insights has predicted North America to hold the higest market share in the coming years. The regulations imposed by governing bodies in this regions have emerged in favor of the use of this software. Moreover, increasing investment in cloud development and deployment will contribute to the growth of the market in North America. As of 2018, the medical transcription software market in North America was valued at USD 562.2 Million and this value is likely to increase at a rapid pace driven by the aforementioned factors.
More Trending Topics From Fortune Business [email protected]
U.S. Biosimilars Market , Share, Growth, Sales and Drivers Analysis Research Report 2026 
U.S. Biosimilars Market to Expand at 54.7% CAGR; Increasing Demand from the Unmet Populace to Create Growth Opportunities, says Fortune Business Insights

You may also like


No comments yet... Be the first to leave a reply! Login here

0 Karma
30 Posts

Made with by Mamby