Medical Transcription Market in US 2022-2026

PUBLISHED: June 22, 2022

PAGES: 120 Pages

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Global Medical Transcription Market In The US 2022-2026

Technavio has been monitoring the medical transcription market in the US and it is poised to grow by $ 2.06 bn during 2022-2026, accelerating at a CAGR of 5.57% during the forecast period. Our report on the medical transcription market in the US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current country's market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing need for automated medical transcripts, government initiatives supporting the adoption of health IT systems, and the growing prevalence of chronic diseases.

The medical transcription market in the US analysis includes end-user segment and geographic landscape.

Technavio's medical transcription market in the US is segmented as below:

By End-user

Hospitals
Physician groups and clinics

By Type

Services
Software

This study identifies the improvements in medical transcription with machine learning as one of the prime reasons driving the medical transcription market in the US growth during the next few years. Also, the emergence of new speech recognition technologies and growing consolidation in the market will lead to sizable demand in the market.

Medical transcription market in the US sizing
Medical transcription market in the US forecast
Medical transcription market in the US industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical transcription market in the US vendors that include 3M Co., Aquity LLC, Athreon, CBAY Transcription Inc., Crimson Interactive Pvt. Ltd., Dolbey, EHR Transcriptions Inc., Global Medical Transcription LLC, InSync Healthcare Solution, Managed Outsource Solutions, NextGen Healthcare Inc., Nuance Communications Inc., Scribetech UK Ltd., SmartMD, Sunrise Transcriptions Inc., TransDyne, vChart LLC, World Wide Dictation Service of New York Inc., ZyDoc Medical Transcription LLC, and Amazon.com Inc. Also, the medical transcription market in the US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

Product Code: IRTNTR73847

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 16: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
Exhibit 22: Chart on End-user - Market share 2021-2026 (%)
Exhibit 23: Data Table on End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 24: Chart on Comparison by End-user
Exhibit 25: Data Table on Comparison by End-user
5.3 Hospitals - Market size and forecast 2021-2026
Exhibit 26: Chart on Hospitals - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Data Table on Hospitals - Market size and forecast 2021-2026 ($ million)
Exhibit 28: Chart on Hospitals - Year-over-year growth 2021-2026 (%)
Exhibit 29: Data Table on Hospitals - Year-over-year growth 2021-2026 (%)
5.4 Physician groups and clinics - Market size and forecast 2021-2026
Exhibit 30: Chart on Physician groups and clinics - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Data Table on Physician groups and clinics - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Chart on Physician groups and clinics - Year-over-year growth 2021-2026 (%)
Exhibit 33: Data Table on Physician groups and clinics - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by End-user
Exhibit 34: Market opportunity by End-user ($ million)

6 Market Segmentation by Type

6.1 Market segments
Exhibit 35: Chart on Type - Market share 2021-2026 (%)
Exhibit 36: Data Table on Type - Market share 2021-2026 (%)
6.2 Comparison by Type
Exhibit 37: Chart on Comparison by Type
Exhibit 38: Data Table on Comparison by Type
6.3 Services - Market size and forecast 2021-2026
Exhibit 39: Chart on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 40: Data Table on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Chart on Services - Year-over-year growth 2021-2026 (%)
Exhibit 42: Data Table on Services - Year-over-year growth 2021-2026 (%)
6.4 Software - Market size and forecast 2021-2026
Exhibit 43: Chart on Software - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Data Table on Software - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Chart on Software - Year-over-year growth 2021-2026 (%)
Exhibit 46: Data Table on Software - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Type
Exhibit 47: Market opportunity by Type ($ million)

7 Customer Landscape

7.1 Customer landscape overview
Exhibit 48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 49: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 50: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 51: Overview on factors of disruption
9.4 Industry risks
Exhibit 52: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 53: Vendors covered
10.2 Market positioning of vendors
Exhibit 54: Matrix on vendor position and classification
10.3 3M Co.
Exhibit 55: 3M Co. - Overview
Exhibit 56: 3M Co. - Business segments
Exhibit 57: 3M Co. - Key news
Exhibit 58: 3M Co. - Key offerings
Exhibit 59: 3M Co. - Segment focus
10.4 Amazon.com Inc.
Exhibit 60: Amazon.com Inc. - Overview
Exhibit 61: Amazon.com Inc. - Business segments
Exhibit 62: Amazon.com Inc. - Key news
Exhibit 63: Amazon.com Inc. - Key offerings
Exhibit 64: Amazon.com Inc. - Segment focus
10.5 Aquity LLC
Exhibit 65: Aquity LLC - Overview
Exhibit 66: Aquity LLC - Product / Service
Exhibit 67: Aquity LLC - Key offerings
10.6 Dolbey
Exhibit 68: Dolbey - Overview
Exhibit 69: Dolbey - Product / Service
Exhibit 70: Dolbey - Key offerings
10.7 InSync Healthcare Solution
Exhibit 71: InSync Healthcare Solution - Overview
Exhibit 72: InSync Healthcare Solution - Product / Service
Exhibit 73: InSync Healthcare Solution - Key offerings
10.8 NextGen Healthcare Inc.
Exhibit 74: NextGen Healthcare Inc. - Overview
Exhibit 75: NextGen Healthcare Inc. - Product / Service
Exhibit 76: NextGen Healthcare Inc. - Key offerings
10.9 Nuance Communications Inc.
Exhibit 77: Nuance Communications Inc. - Overview
Exhibit 78: Nuance Communications Inc. - Business segments
Exhibit 79: Nuance Communications Inc. - Key offerings
Exhibit 80: Nuance Communications Inc. - Segment focus
10.10 SmartMD
Exhibit 81: SmartMD - Overview
Exhibit 82: SmartMD - Product / Service
Exhibit 83: SmartMD - Key offerings
10.11 World Wide Dictation Service of New York Inc.
Exhibit 84: World Wide Dictation Service of New York Inc. - Overview
Exhibit 85: World Wide Dictation Service of New York Inc. - Product / Service
Exhibit 86: World Wide Dictation Service of New York Inc. - Key offerings
10.12 ZyDoc Medical Transcription LLC
Exhibit 87: ZyDoc Medical Transcription LLC - Overview
Exhibit 88: ZyDoc Medical Transcription LLC - Product / Service
Exhibit 89: ZyDoc Medical Transcription LLC - Key offerings

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 90: Inclusions checklist
Exhibit 91: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 92: Currency conversion rates for US$
11.4 Research methodology
Exhibit 93: Research methodology
Exhibit 94: Validation techniques employed for market sizing
Exhibit 95: Information sources
11.5 List of abbreviations
Exhibit 96: List of abbreviations

Product Code: IRTNTR73847

Exhibits:

Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by End-user
Exhibits5: Executive Summary - Chart on Market Segmentation by Type
Exhibits6: Executive Summary - Chart on Vendor Market Positioning
Exhibits7: Parent market
Exhibits8: Market Characteristics
Exhibits9: Offerings of vendors included in the market definition
Exhibits10: Market segments
Exhibits11: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits12: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits13: Chart on US: Year-over-year growth 2021-2026 (%)
Exhibits14: Data Table on US: Year-over-year growth 2021-2026 (%)
Exhibits15: Five forces analysis - Comparison between 2021 and 2026
Exhibits16: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits17: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits18: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits19: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits20: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits21: Chart on Market condition - Five forces 2021 and 2026
Exhibits22: Chart on End-user - Market share 2021-2026 (%)
Exhibits23: Data Table on End-user - Market share 2021-2026 (%)
Exhibits24: Chart on Comparison by End-user
Exhibits25: Data Table on Comparison by End-user
Exhibits26: Chart on Hospitals - Market size and forecast 2021-2026 ($ million)
Exhibits27: Data Table on Hospitals - Market size and forecast 2021-2026 ($ million)
Exhibits28: Chart on Hospitals - Year-over-year growth 2021-2026 (%)
Exhibits29: Data Table on Hospitals - Year-over-year growth 2021-2026 (%)
Exhibits30: Chart on Physician groups and clinics - Market size and forecast 2021-2026 ($ million)
Exhibits31: Data Table on Physician groups and clinics - Market size and forecast 2021-2026 ($ million)
Exhibits32: Chart on Physician groups and clinics - Year-over-year growth 2021-2026 (%)
Exhibits33: Data Table on Physician groups and clinics - Year-over-year growth 2021-2026 (%)
Exhibits34: Market opportunity by End-user ($ million)
Exhibits35: Chart on Type - Market share 2021-2026 (%)
Exhibits36: Data Table on Type - Market share 2021-2026 (%)
Exhibits37: Chart on Comparison by Type
Exhibits38: Data Table on Comparison by Type
Exhibits39: Chart on Services - Market size and forecast 2021-2026 ($ million)
Exhibits40: Data Table on Services - Market size and forecast 2021-2026 ($ million)
Exhibits41: Chart on Services - Year-over-year growth 2021-2026 (%)
Exhibits42: Data Table on Services - Year-over-year growth 2021-2026 (%)
Exhibits43: Chart on Software - Market size and forecast 2021-2026 ($ million)
Exhibits44: Data Table on Software - Market size and forecast 2021-2026 ($ million)
Exhibits45: Chart on Software - Year-over-year growth 2021-2026 (%)
Exhibits46: Data Table on Software - Year-over-year growth 2021-2026 (%)
Exhibits47: Market opportunity by Type ($ million)
Exhibits48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits49: Impact of drivers and challenges in 2021 and 2026
Exhibits50: Overview on Criticality of inputs and Factors of differentiation
Exhibits51: Overview on factors of disruption
Exhibits52: Impact of key risks on business
Exhibits53: Vendors covered
Exhibits54: Matrix on vendor position and classification
Exhibits55: 3M Co. - Overview
Exhibits56: 3M Co. - Business segments
Exhibits57: 3M Co. - Key news
Exhibits58: 3M Co. - Key offerings
Exhibits59: 3M Co. - Segment focus
Exhibits60: Amazon.com Inc. - Overview
Exhibits61: Amazon.com Inc. - Business segments
Exhibits62: Amazon.com Inc. - Key news
Exhibits63: Amazon.com Inc. - Key offerings
Exhibits64: Amazon.com Inc. - Segment focus
Exhibits65: Aquity LLC - Overview
Exhibits66: Aquity LLC - Product / Service
Exhibits67: Aquity LLC - Key offerings
Exhibits68: Dolbey - Overview
Exhibits69: Dolbey - Product / Service
Exhibits70: Dolbey - Key offerings
Exhibits71: InSync Healthcare Solution - Overview
Exhibits72: InSync Healthcare Solution - Product / Service
Exhibits73: InSync Healthcare Solution - Key offerings
Exhibits74: NextGen Healthcare Inc. - Overview
Exhibits75: NextGen Healthcare Inc. - Product / Service
Exhibits76: NextGen Healthcare Inc. - Key offerings
Exhibits77: Nuance Communications Inc. - Overview
Exhibits78: Nuance Communications Inc. - Business segments
Exhibits79: Nuance Communications Inc. - Key offerings
Exhibits80: Nuance Communications Inc. - Segment focus
Exhibits81: SmartMD - Overview
Exhibits82: SmartMD - Product / Service
Exhibits83: SmartMD - Key offerings
Exhibits84: World Wide Dictation Service of New York Inc. - Overview
Exhibits85: World Wide Dictation Service of New York Inc. - Product / Service
Exhibits86: World Wide Dictation Service of New York Inc. - Key offerings
Exhibits87: ZyDoc Medical Transcription LLC - Overview
Exhibits88: ZyDoc Medical Transcription LLC - Product / Service
Exhibits89: ZyDoc Medical Transcription LLC - Key offerings
Exhibits90: Inclusions checklist
Exhibits91: Exclusions checklist
Exhibits92: Currency conversion rates for US$
Exhibits93: Research methodology
Exhibits94: Validation techniques employed for market sizing
Exhibits95: Information sources
Exhibits96: List of abbreviations