Albany, NY -- (SBWIRE) -- 08/15/2016 -- The process of medical transcription involves documentation of medical records from voice to text formats. Physicians record patient details in audio formats, which is sent to a transcriptionist to decode and store in a digital format. The clinical documentation solution is implemented to preserve patient records in text formats using digital technologies, to deliver quality patient care with high accuracy. Medical transcription documents are stored, shared, and exchanged by healthcare providers through integrated healthcare information systems.

Technavios analysts forecast the global medical transcription IT spending market to grow at a CAGR of 6.48% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global medical transcription IT spending market for 2016-2020. To calculate the market size, the report considers the revenue generated through the transactions of medical transcription software, hardware and IT services.

The market is divided into the following segments based on geography:

Americas
APAC
EMEA

Technavio's report, Global Medical Transcription IT Spending Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Acusis
iMedX
MModal
Nuance Communications
Precyse

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Other prominent vendors
Accuro
Amphion Medical
Bytescribe
Ascend Healthcare Systems
DICT8
Global Medical Transcription
3M
Scribe Healthcare Technologies
Sterling Transcription
Transtech Medical Solutions
Voxtab

Market driver
Need for digital healthcare ecosystem
For a full, detailed list, view our report

Market challenge
System integration and interoperability issues
For a full, detailed list, view our report

Market trend
Increased adoption of m-health solutions
For a full, detailed list, view our report

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