Medical Transcription It Spending Market Trends, Size, Share and Analysis

Technavio Announces the Publication of its Research Report – Global Medical Transcription IT Spending Market 2016-2020

Technavio recognizes the following companies as the key players in the global medical transcription IT spending market: Acusis, iMedX, MModal, Nuance Communications, and Precyse.

Other Prominent Vendors in the market are: Accuro, Amphion Medical, Bytescribe, Ascend Healthcare Systems, DICT8, Global Medical Transcription, 3M, Scribe Healthcare Technologies, Sterling Transcription, Transtech Medical Solutions, and Voxtab.

Browse full report with TOC@ https://marketreportscenter.com/reports/349522/global-medical-transcription-it-spending-market-2016-2020

Commenting on the report, an analyst from Technavio’s team said: “Emergence of speech recognition software will be a key trend for market growth. Speech recognition software has changed the whole process of medical transcription. Such software converts speech to text directly and reduces physicians' efforts to record and send audio files for transcription. Such software makes the time-consuming process of transcription easy and simple. Speech recognition software packages have built-in safeguards that lower the risks of data breaches.”

According to the report, one of the key drivers for market growth will be need for digital healthcare ecosystem. The healthcare industry is shifting from paper-based information management to digital document management. The enormous amounts of patient data generated in hospitals and clinics can be managed through the use of digital technology, such as analytical tools, healthcare information management systems, and digital document management systems.

Further, the report states that system integration and interoperability issues will be a challenge for the market. The rising use of EHR in hospitals is creating vendor problems in terms of integrating medical transcription systems and other healthcare systems with EHR. Seamless integration is required...