PUBLISHER: KBV Research | PRODUCT CODE: 1429126
PUBLISHER: KBV Research | PRODUCT CODE: 1429126
North America Medical Terminology Software Market Size, Share & Trends Analysis Report By Application (Quality Reporting, Reimbursement, Data Aggregation, Clinical Trials and Others), By End User, By Country and Growth Forecast, 2023 - 2030
The North America Medical Terminology Software Market would witness market growth of 9.8% CAGR during the forecast period (2023-2030).
Medical terminology software is a specialized computer program that aids practitioners in the healthcare industry in comprehending and employing medical terminology. The software offers an extensive compilation of medical terminology, definitions, and abbreviations frequently employed within the healthcare sector. It provides various functionalities for medical researchers, healthcare professionals, and medical students to facilitate and optimize their work processes. The exhaustive database of this is among its most vital components. An extensive collection of medical terms, definitions, and abbreviations is accessible via search and browse functions in this database.
A significant determinant propelling the expansion of the market is the increasing prevalence of electronic health records (EHRs). Healthcare providers can effortlessly and expeditiously retrieve patient information via electronic health records, obviating the need to peruse paper records laboriously. As a result of the time and efficiency savings, providers can concentrate on delivering superior patient care. Moreover, the proliferation of noncommunicable diseases (NCDs) has substantially expanded the market. Chronic diseases (NCDs) necessitate treatment and long-term management, which entails substantial record-keeping and documentation.
Stringent regulations in the United States require healthcare associations to maintain the privacy and security of patient information. This helps ensure compliance with these regulations by standardizing terminology and supporting accurate documentation. North America has witnessed substantial investments in health information technology (IT). Healthcare organizations are allocating resources to implement advanced technologies, including medical terminology software, to enhance data management and interoperability. As per the Centers for Disease Control and Prevention, in 2021, 37.0% of adults in the US used telemedicine in the past 12 months. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Medical Terminology Software Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $565 Million by 2030. The Canada market is experiencing a CAGR of 12.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.3% during (2023 - 2030).
Based on Application, the market is segmented into Quality Reporting, Reimbursement, Data Aggregation, Clinical Trials and Others. Based on End User, the market is segmented into Healthcare Providers, Healthcare Payers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Wolters Kluwer N.V.
- Intelligent Medical Objects, Inc.
- Clinical Architecture, LLC
- B2i Healthcare Kft
- HiveWorx Limited
- 3M Company
- West Coast Informatics, Inc.
- TermSolutions GmbH
- BITAC, Inc.
- Apelon, Inc.
North America Medical Terminology Software Market Report Segmentation
By Application
- Quality Reporting
- Reimbursement
- Data Aggregation
- Clinical Trials
- Others
By End User
- Healthcare Providers
- Healthcare Payers
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Medical Terminology Software Market, by Application
- 1.4.2 North America Medical Terminology Software Market, by End User
- 1.4.3 North America Medical Terminology Software Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter's Five Forces Analysis
Chapter 4. North America Medical Terminology Software Market by Application
- 4.1 North America Quality Reporting Market by Country
- 4.2 North America Reimbursement Market by Country
- 4.3 North America Data Aggregation Market by Country
- 4.4 North America Clinical Trials Market by Country
- 4.5 North America Others Market by Country
Chapter 5. North America Medical Terminology Software Market by End User
- 5.1 North America Healthcare Providers Market by Country
- 5.2 North America Healthcare Payers Market by Country
- 5.3 North America Others Market by Country
Chapter 6. North America Medical Terminology Software Market by Country
- 6.1 US Medical Terminology Software Market
- 6.1.1 US Medical Terminology Software Market by Application
- 6.1.2 US Medical Terminology Software Market by End User
- 6.2 Canada Medical Terminology Software Market
- 6.2.1 Canada Medical Terminology Software Market by Application
- 6.2.2 Canada Medical Terminology Software Market by End User
- 6.3 Mexico Medical Terminology Software Market
- 6.3.1 Mexico Medical Terminology Software Market by Application
- 6.3.2 Mexico Medical Terminology Software Market by End User
- 6.4 Rest of North America Medical Terminology Software Market
- 6.4.1 Rest of North America Medical Terminology Software Market by Application
- 6.4.2 Rest of North America Medical Terminology Software Market by End User
Chapter 7. Company Profiles
- 7.1 Wolters Kluwer N.V.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Product Launches and Product Expansions:
- 7.1.6 SWOT Analysis
- 7.2 Intelligent Medical Objects, Inc.
- 7.2.1 Company Overview
- 7.2.2 Recent strategies and developments:
- 7.2.2.1 Product Launches and Product Expansions:
- 7.2.3 SWOT Analysis
- 7.3 Clinical Architecture, LLC
- 7.3.1 Company Overview
- 7.3.2 Recent strategies and developments:
- 7.3.2.1 Product Launches and Product Expansions:
- 7.3.3 SWOT Analysis
- 7.4 B2i Healthcare Kft
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 HiveWorx Limited
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 3M Company
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expense
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.6 SWOT Analysis
- 7.7 West Coast Informatics, Inc.
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 TermSolutions GmbH
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 BITAC, Inc.
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Apelon, Inc.
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Medical Terminology Software Market, 2019 - 2022, USD Million
- TABLE 2 North America Medical Terminology Software Market, 2023 - 2030, USD Million
- TABLE 3 North America Medical Terminology Software Market by Application, 2019 - 2022, USD Million
- TABLE 4 North America Medical Terminology Software Market by Application, 2023 - 2030, USD Million
- TABLE 5 North America Quality Reporting Market by Country, 2019 - 2022, USD Million
- TABLE 6 North America Quality Reporting Market by Country, 2023 - 2030, USD Million
- TABLE 7 North America Reimbursement Market by Country, 2019 - 2022, USD Million
- TABLE 8 North America Reimbursement Market by Country, 2023 - 2030, USD Million
- TABLE 9 North America Data Aggregation Market by Country, 2019 - 2022, USD Million
- TABLE 10 North America Data Aggregation Market by Country, 2023 - 2030, USD Million
- TABLE 11 North America Clinical Trials Market by Country, 2019 - 2022, USD Million
- TABLE 12 North America Clinical Trials Market by Country, 2023 - 2030, USD Million
- TABLE 13 North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 14 North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 15 North America Medical Terminology Software Market by End User, 2019 - 2022, USD Million
- TABLE 16 North America Medical Terminology Software Market by End User, 2023 - 2030, USD Million
- TABLE 17 North America Healthcare Providers Market by Country, 2019 - 2022, USD Million
- TABLE 18 North America Healthcare Providers Market by Country, 2023 - 2030, USD Million
- TABLE 19 North America Healthcare Payers Market by Country, 2019 - 2022, USD Million
- TABLE 20 North America Healthcare Payers Market by Country, 2023 - 2030, USD Million
- TABLE 21 North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 22 North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 23 North America Medical Terminology Software Market by Country, 2019 - 2022, USD Million
- TABLE 24 North America Medical Terminology Software Market by Country, 2023 - 2030, USD Million
- TABLE 25 US Medical Terminology Software Market, 2019 - 2022, USD Million
- TABLE 26 US Medical Terminology Software Market, 2023 - 2030, USD Million
- TABLE 27 US Medical Terminology Software Market by Application, 2019 - 2022, USD Million
- TABLE 28 US Medical Terminology Software Market by Application, 2023 - 2030, USD Million
- TABLE 29 US Medical Terminology Software Market by End User, 2019 - 2022, USD Million
- TABLE 30 US Medical Terminology Software Market by End User, 2023 - 2030, USD Million
- TABLE 31 Canada Medical Terminology Software Market, 2019 - 2022, USD Million
- TABLE 32 Canada Medical Terminology Software Market, 2023 - 2030, USD Million
- TABLE 33 Canada Medical Terminology Software Market by Application, 2019 - 2022, USD Million
- TABLE 34 Canada Medical Terminology Software Market by Application, 2023 - 2030, USD Million
- TABLE 35 Canada Medical Terminology Software Market by End User, 2019 - 2022, USD Million
- TABLE 36 Canada Medical Terminology Software Market by End User, 2023 - 2030, USD Million
- TABLE 37 Mexico Medical Terminology Software Market, 2019 - 2022, USD Million
- TABLE 38 Mexico Medical Terminology Software Market, 2023 - 2030, USD Million
- TABLE 39 Mexico Medical Terminology Software Market by Application, 2019 - 2022, USD Million
- TABLE 40 Mexico Medical Terminology Software Market by Application, 2023 - 2030, USD Million
- TABLE 41 Mexico Medical Terminology Software Market by End User, 2019 - 2022, USD Million
- TABLE 42 Mexico Medical Terminology Software Market by End User, 2023 - 2030, USD Million
- TABLE 43 Rest of North America Medical Terminology Software Market, 2019 - 2022, USD Million
- TABLE 44 Rest of North America Medical Terminology Software Market, 2023 - 2030, USD Million
- TABLE 45 Rest of North America Medical Terminology Software Market by Application, 2019 - 2022, USD Million
- TABLE 46 Rest of North America Medical Terminology Software Market by Application, 2023 - 2030, USD Million
- TABLE 47 Rest of North America Medical Terminology Software Market by End User, 2019 - 2022, USD Million
- TABLE 48 Rest of North America Medical Terminology Software Market by End User, 2023 - 2030, USD Million
- TABLE 49 Key information - Wolters Kluwer N.V.
- TABLE 50 Key Information - Intelligent Medical Objects, Inc.
- TABLE 51 Key Information - Clinical Architecture, LLC
- TABLE 52 Key Information - B2i Healthcare Kft
- TABLE 53 Key Information - HiveWorx Limited
- TABLE 54 Key Information - 3M Company
- TABLE 55 Key Information - West Coast Informatics, Inc.
- TABLE 56 Key Information - TermSolutions GmbH
- TABLE 57 Key Information - BITAC, Inc.
- TABLE 58 Key Information - Apelon, Inc.
