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Global Medical Transcription Services Market Insights, Forecast to 2030

Published Date: July 2024

Report Code: QYRE-Auto-32Q5662

Global Medical Transcription Services Market Size Status and Forecast 2021 2027

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Global Medical Transcription Services Market Insights, Forecast to 2030

Code: QYRE-Auto-32Q5662

Report

July 2024

Pages:128

QYResearch

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

FEATURED COMPANIES

Mmodal

Nuance Communications

Transcend Services

Acusis

iMedX Information Services

MTBC

nThrive

Medi-Script Plus

Outsource2india

TransPerfect

VIVA Transcription

Medscribe

Pacific Solutions

Same Day transcriptions

DoctorDocs

World Wide Dictation

Athreon

BVS Transtech

Excel Transcriptions

GMT

LC Transcription Services

Medical Transcription Services Market Size

The global Medical Transcription Services market is projected to grow from US$ 6532.5 million in 2024 to US$ 8507 million by 2030, at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period.

Medical Transcription Services Market

Medical transcription, also known as MT, is an allied health profession dealing with the process of transcribing voice-recorded medical reports that are dictated by physicians, nurses and other healthcare practitioners. Medical reports can be voice files, notes taken during a lecture, or other spoken material. These are dictated over the phone or uploaded digitally via the Internet or through smart phone apps.

Medical transcription (MT) is an allied health profession, which deals in the process of transcription, or converting voice-recorded reports as dictated by physicians or other healthcare professionals, into text format. Medical transcription services provide the groundwork for the adoption of electronic medical records (EMR) system. Medical transcription services allow hospitals and providers to outsource a critical business process, reduce costs, and improve the quality of medical documentation, without additional capital investment. The global medical transcription services market is primarily driven by adoption of medical documentation and recording systems, government’s initiatives in health information infrastructure, implementation of EHRs, technological innovations through the use of electronic technology to reduce turnaround time, increasing focus on lowering costs and increasing productivity and improving the quality of patient care while ensuring patient’s safety.

Market Analysis and Insights: Global Medical Transcription Services Market

Any healthcare institute in order to acquire medical transcription service can either outsource the job to a domestic medical transcription service organization, offshore or opt for both methods. Outsourcing is the most preferred mode of service procurement in medical transcription with the market share of 71%.

Medical Transcription Services can be applied in Hospitals, Clinical Laboratories, Academic Medical Centers and Other. The most of Medical Transcription Services is used in Hospital, and the market share of that is about 55%.

North America is the largest consumption place, with a consumption market share nearly 78%.

Mmodal and Nuance Communications are the top 2 players of Medical Transcription Services, with about 16% market shares.

Report Covers:

This report presents an overview of global market for Medical Transcription Services market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Medical Transcription Services, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Medical Transcription Services, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Medical Transcription Services revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Medical Transcription Services market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Medical Transcription Services revenue, projected growth trends, production technology, application and end-user industry.

Market Segmentation

Scope of Medical Transcription Services Market Report

Report Metric	Details
Report Name	Medical Transcription Services Market
Accounted market size in 2024	US$ 6532.5 million
Forecasted market size in 2030	US$ 8507 million
CAGR	4.5
Base Year	2024
Forecasted years	2024 - 2030
Segment by Type	Outsourcing Offshoring
Segment by Application	Hospitals Clinical Laboratories Academic Medical Centers Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Mmodal, Nuance Communications, Transcend Services, Acusis, iMedX Information Services, MTBC, nThrive, Medi-Script Plus, Outsource2india, TransPerfect, VIVA Transcription, Medscribe, Pacific Solutions, Same Day transcriptions, DoctorDocs, World Wide Dictation, Athreon, BVS Transtech, Excel Transcriptions, GMT, LC Transcription Services
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Medical Transcription Services in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Medical Transcription Services companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Medical Transcription Services revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions

FAQ for this report

How fast is Medical Transcription Services Market growing?

Ans: The Medical Transcription Services Market witnessing a CAGR of 4.5 during the forecast period 2024-2030.

What is the Medical Transcription Services Market size in 2030?

Ans: The Medical Transcription Services Market size in 2030 will be US$ 8507 million.

What is the Medical Transcription Services Market share by type?

Ans: Outsourcing is the most preferred mode of service procurement in medical transcription with the market share of 71%.

What is the Medical Transcription Services Market share by region?

Ans: North America is the largest consumption place, with a consumption market share nearly 78%.

What is the market share of major companies in Medical Transcription Services Market?

Ans: Mmodal and Nuance Communications are the top 2 players of Medical Transcription Services, with about 16% market shares.

Who are the main players in the Medical Transcription Services Market report?

Ans: The main players in the Medical Transcription Services Market are Mmodal, Nuance Communications, Transcend Services, Acusis, iMedX Information Services, MTBC, nThrive, Medi-Script Plus, Outsource2india, TransPerfect, VIVA Transcription, Medscribe, Pacific Solutions, Same Day transcriptions, DoctorDocs, World Wide Dictation, Athreon, BVS Transtech, Excel Transcriptions, GMT, LC Transcription Services

What are the Application segmentation covered in the Medical Transcription Services Market report?

Ans: The Applications covered in the Medical Transcription Services Market report are Hospitals, Clinical Laboratories, Academic Medical Centers, Others

What are the Type segmentation covered in the Medical Transcription Services Market report?

Ans: The Types covered in the Medical Transcription Services Market report are Outsourcing, Offshoring

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Medical Transcription Services Market Size Growth Rate by Type, 2019 VS 2023 VS 2030

1.2.2 Outsourcing

1.2.3 Offshoring

1.3 Market by Application

1.3.1 Global Medical Transcription Services Market Size Growth Rate by Application, 2019 VS 2023 VS 2030

1.3.2 Hospitals

1.3.3 Clinical Laboratories

1.3.4 Academic Medical Centers

1.3.5 Others

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Global Growth Trends

2.1 Global Medical Transcription Services Market Perspective (2019-2030)

2.2 Global Medical Transcription Services Growth Trends by Region

2.2.1 Medical Transcription Services Market Size by Region: 2019 VS 2023 VS 2030

2.2.2 Medical Transcription Services Historic Market Size by Region (2019-2024)

2.2.3 Medical Transcription Services Forecasted Market Size by Region (2025-2030)

2.3 Medical Transcription Services Market Dynamics

2.3.1 Medical Transcription Services Industry Trends

2.3.2 Medical Transcription Services Market Drivers

2.3.3 Medical Transcription Services Market Challenges

2.3.4 Medical Transcription Services Market Restraints

3 Competition Landscape by Key Players

3.1 Global Revenue Medical Transcription Services by Players

3.1.1 Global Medical Transcription Services Revenue by Players (2019-2024)

3.1.2 Global Medical Transcription Services Revenue Market Share by Players (2019-2024)

3.2 Global Medical Transcription Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Global Key Players of Medical Transcription Services, Ranking by Revenue, 2022 VS 2023 VS 2024

3.4 Global Medical Transcription Services Market Concentration Ratio

3.4.1 Global Medical Transcription Services Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Medical Transcription Services Revenue in 2023

3.5 Global Key Players of Medical Transcription Services Head office and Area Served

3.6 Global Key Players of Medical Transcription Services, Product and Application

3.7 Global Key Players of Medical Transcription Services, Date of Enter into This Industry

3.8 Mergers & Acquisitions, Expansion Plans

4 Medical Transcription Services Breakdown Data by Type

4.1 Global Medical Transcription Services Historic Market Size by Type (2019-2024)

4.2 Global Medical Transcription Services Forecasted Market Size by Type (2025-2030)

5 Medical Transcription Services Breakdown Data by Application

5.1 Global Medical Transcription Services Historic Market Size by Application (2019-2024)

5.2 Global Medical Transcription Services Forecasted Market Size by Application (2025-2030)

6 North America

6.1 North America Medical Transcription Services Market Size (2019-2030)

6.2 North America Medical Transcription Services Market Size by Type

6.2.1 North America Medical Transcription Services Market Size by Type (2019-2024)

6.2.2 North America Medical Transcription Services Market Size by Type (2025-2030)

6.2.3 North America Medical Transcription Services Market Share by Type (2019-2030)

6.3 North America Medical Transcription Services Market Size by Application

6.3.1 North America Medical Transcription Services Market Size by Application (2019-2024)

6.3.2 North America Medical Transcription Services Market Size by Application (2025-2030)

6.3.3 North America Medical Transcription Services Market Share by Application (2019-2030)

6.4 North America Medical Transcription Services Market Size by Country

6.4.1 North America Medical Transcription Services Market Size by Country: 2019 VS 2023 VS 2030

6.4.2 North America Medical Transcription Services Market Size by Country (2019-2024)

6.4.3 North America Medical Transcription Services Market Size by Country (2025-2030)

6.4.4 U.S.

6.4.5 Canada

7 Europe

7.1 Europe Medical Transcription Services Market Size (2019-2030)

7.2 Europe Medical Transcription Services Market Size by Type

7.2.1 Europe Medical Transcription Services Market Size by Type (2019-2024)

7.2.2 Europe Medical Transcription Services Market Size by Type (2025-2030)

7.2.3 Europe Medical Transcription Services Market Share by Type (2019-2030)

7.3 Europe Medical Transcription Services Market Size by Application

7.3.1 Europe Medical Transcription Services Market Size by Application (2019-2024)

7.3.2 Europe Medical Transcription Services Market Size by Application (2025-2030)

7.3.3 Europe Medical Transcription Services Market Share by Application (2019-2030)

7.4 Europe Medical Transcription Services Market Size by Country

7.4.1 Europe Medical Transcription Services Market Size by Country: 2019 VS 2023 VS 2030

7.4.2 Europe Medical Transcription Services Market Size by Country (2019-2024)

7.4.3 Europe Medical Transcription Services Market Size by Country (2025-2030)

7.4.3 Germany

7.4.4 France

7.4.5 U.K.

7.4.6 Italy

7.4.7 Russia

7.4.8 Nordic Countries

8 China

8.1 China Medical Transcription Services Market Size (2019-2030)

8.2 China Medical Transcription Services Market Size by Type

8.2.1 China Medical Transcription Services Market Size by Type (2019-2024)

8.2.2 China Medical Transcription Services Market Size by Type (2025-2030)

8.2.3 China Medical Transcription Services Market Share by Type (2019-2030)

8.3 China Medical Transcription Services Market Size by Application

8.3.1 China Medical Transcription Services Market Size by Application (2019-2024)

8.3.2 China Medical Transcription Services Market Size by Application (2025-2030)

8.3.3 China Medical Transcription Services Market Share by Application (2019-2030)

9 Asia (excluding China)

9.1 Asia Medical Transcription Services Market Size (2019-2030)

9.2 Asia Medical Transcription Services Market Size by Type

9.2.1 Asia Medical Transcription Services Market Size by Type (2019-2024)

9.2.2 Asia Medical Transcription Services Market Size by Type (2025-2030)

9.2.3 Asia Medical Transcription Services Market Share by Type (2019-2030)

9.3 Asia Medical Transcription Services Market Size by Application

9.3.1 Asia Medical Transcription Services Market Size by Application (2019-2024)

9.3.2 Asia Medical Transcription Services Market Size by Application (2025-2030)

9.3.3 Asia Medical Transcription Services Market Share by Application (2019-2030)

9.4 Asia Medical Transcription Services Market Size by Region

9.4.1 Asia Medical Transcription Services Market Size by Region: 2019 VS 2023 VS 2030

9.4.2 Asia Medical Transcription Services Market Size by Region (2019-2024)

9.4.3 Asia Medical Transcription Services Market Size by Region (2025-2030)

9.4.4 Japan

9.4.5 South Korea

9.4.6 China Taiwan

9.4.7 Southeast Asia

9.4.8 India

9.4.9 Australia

10 Middle East, Africa, and Latin America

10.1 Middle East, Africa, and Latin America Medical Transcription Services Market Size (2019-2030)

10.2 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Type

10.2.1 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Type (2019-2024)

10.2.2 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Type (2025-2030)

10.2.3 Middle East, Africa, and Latin America Medical Transcription Services Market Share by Type (2019-2030)

10.3 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Application

10.3.1 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Application (2019-2024)

10.3.2 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Application (2025-2030)

10.3.3 Middle East, Africa, and Latin America Medical Transcription Services Market Share by Application (2019-2030)

10.4 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Country

10.4.1 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Country: 2019 VS 2023 VS 2030

10.4.2 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Country (2019-2024)

10.4.3 Middle East, Africa, and Latin America Medical Transcription Services Market Size by Country (2025-2030)

10.4.4 Brazil

10.4.5 Mexico

10.4.6 Turkey

10.4.7 Saudi Arabia

10.4.8 Israel

10.4.9 GCC Countries

11 Key Players Profiles

11.1 Mmodal

11.1.1 Mmodal Company Details

11.1.2 Mmodal Business Overview

11.1.3 Mmodal Medical Transcription Services Introduction

11.1.4 Mmodal Revenue in Medical Transcription Services Business (2019-2024)

11.1.5 Mmodal Recent Developments

11.2 Nuance Communications

11.2.1 Nuance Communications Company Details

11.2.2 Nuance Communications Business Overview

11.2.3 Nuance Communications Medical Transcription Services Introduction

11.2.4 Nuance Communications Revenue in Medical Transcription Services Business (2019-2024)

11.2.5 Nuance Communications Recent Developments

11.3 Transcend Services

11.3.1 Transcend Services Company Details

11.3.2 Transcend Services Business Overview

11.3.3 Transcend Services Medical Transcription Services Introduction

11.3.4 Transcend Services Revenue in Medical Transcription Services Business (2019-2024)

11.3.5 Transcend Services Recent Developments

11.4 Acusis

11.4.1 Acusis Company Details

11.4.2 Acusis Business Overview

11.4.3 Acusis Medical Transcription Services Introduction

11.4.4 Acusis Revenue in Medical Transcription Services Business (2019-2024)

11.4.5 Acusis Recent Developments

11.5 iMedX Information Services

11.5.1 iMedX Information Services Company Details

11.5.2 iMedX Information Services Business Overview

11.5.3 iMedX Information Services Medical Transcription Services Introduction

11.5.4 iMedX Information Services Revenue in Medical Transcription Services Business (2019-2024)

11.5.5 iMedX Information Services Recent Developments

11.6 MTBC

11.6.1 MTBC Company Details

11.6.2 MTBC Business Overview

11.6.3 MTBC Medical Transcription Services Introduction

11.6.4 MTBC Revenue in Medical Transcription Services Business (2019-2024)

11.6.5 MTBC Recent Developments

11.7 nThrive

11.7.1 nThrive Company Details

11.7.2 nThrive Business Overview

11.7.3 nThrive Medical Transcription Services Introduction

11.7.4 nThrive Revenue in Medical Transcription Services Business (2019-2024)

11.7.5 nThrive Recent Developments

11.8 Medi-Script Plus

11.8.1 Medi-Script Plus Company Details

11.8.2 Medi-Script Plus Business Overview

11.8.3 Medi-Script Plus Medical Transcription Services Introduction

11.8.4 Medi-Script Plus Revenue in Medical Transcription Services Business (2019-2024)

11.8.5 Medi-Script Plus Recent Developments

11.9 Outsource2india

11.9.1 Outsource2india Company Details

11.9.2 Outsource2india Business Overview

11.9.3 Outsource2india Medical Transcription Services Introduction

11.9.4 Outsource2india Revenue in Medical Transcription Services Business (2019-2024)

11.9.5 Outsource2india Recent Developments

11.10 TransPerfect

11.10.1 TransPerfect Company Details

11.10.2 TransPerfect Business Overview

11.10.3 TransPerfect Medical Transcription Services Introduction

11.10.4 TransPerfect Revenue in Medical Transcription Services Business (2019-2024)

11.10.5 TransPerfect Recent Developments

11.11 VIVA Transcription

11.11.1 VIVA Transcription Company Details

11.11.2 VIVA Transcription Business Overview

11.11.3 VIVA Transcription Medical Transcription Services Introduction

11.11.4 VIVA Transcription Revenue in Medical Transcription Services Business (2019-2024)

11.11.5 VIVA Transcription Recent Developments

11.12 Medscribe

11.12.1 Medscribe Company Details

11.12.2 Medscribe Business Overview

11.12.3 Medscribe Medical Transcription Services Introduction

11.12.4 Medscribe Revenue in Medical Transcription Services Business (2019-2024)

11.12.5 Medscribe Recent Developments

11.13 Pacific Solutions

11.13.1 Pacific Solutions Company Details

11.13.2 Pacific Solutions Business Overview

11.13.3 Pacific Solutions Medical Transcription Services Introduction

11.13.4 Pacific Solutions Revenue in Medical Transcription Services Business (2019-2024)

11.13.5 Pacific Solutions Recent Developments

11.14 Same Day transcriptions

11.14.1 Same Day transcriptions Company Details

11.14.2 Same Day transcriptions Business Overview

11.14.3 Same Day transcriptions Medical Transcription Services Introduction

11.14.4 Same Day transcriptions Revenue in Medical Transcription Services Business (2019-2024)

11.14.5 Same Day transcriptions Recent Developments

11.15 DoctorDocs

11.15.1 DoctorDocs Company Details

11.15.2 DoctorDocs Business Overview

11.15.3 DoctorDocs Medical Transcription Services Introduction

11.15.4 DoctorDocs Revenue in Medical Transcription Services Business (2019-2024)

11.15.5 DoctorDocs Recent Developments

11.16 World Wide Dictation

11.16.1 World Wide Dictation Company Details

11.16.2 World Wide Dictation Business Overview

11.16.3 World Wide Dictation Medical Transcription Services Introduction

11.16.4 World Wide Dictation Revenue in Medical Transcription Services Business (2019-2024)

11.16.5 World Wide Dictation Recent Developments

11.17 Athreon

11.17.1 Athreon Company Details

11.17.2 Athreon Business Overview

11.17.3 Athreon Medical Transcription Services Introduction

11.17.4 Athreon Revenue in Medical Transcription Services Business (2019-2024)

11.17.5 Athreon Recent Developments

11.18 BVS Transtech

11.18.1 BVS Transtech Company Details

11.18.2 BVS Transtech Business Overview

11.18.3 BVS Transtech Medical Transcription Services Introduction

11.18.4 BVS Transtech Revenue in Medical Transcription Services Business (2019-2024)

11.18.5 BVS Transtech Recent Developments

11.19 Excel Transcriptions

11.19.1 Excel Transcriptions Company Details

11.19.2 Excel Transcriptions Business Overview

11.19.3 Excel Transcriptions Medical Transcription Services Introduction

11.19.4 Excel Transcriptions Revenue in Medical Transcription Services Business (2019-2024)

11.19.5 Excel Transcriptions Recent Developments

11.20 GMT

11.20.1 GMT Company Details

11.20.2 GMT Business Overview

11.20.3 GMT Medical Transcription Services Introduction

11.20.4 GMT Revenue in Medical Transcription Services Business (2019-2024)

11.20.5 GMT Recent Developments

11.21 LC Transcription Services

11.21.1 LC Transcription Services Company Details

11.21.2 LC Transcription Services Business Overview

11.21.3 LC Transcription Services Medical Transcription Services Introduction

11.21.4 LC Transcription Services Revenue in Medical Transcription Services Business (2019-2024)

11.21.5 LC Transcription Services Recent Developments

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

FEATURED COMPANIES

Mmodal

Nuance Communications

Transcend Services

Acusis

iMedX Information Services

MTBC

nThrive

Medi-Script Plus

Outsource2india

TransPerfect

VIVA Transcription

Medscribe

Pacific Solutions

Same Day transcriptions

DoctorDocs

World Wide Dictation

Athreon

BVS Transtech

Excel Transcriptions

GMT

LC Transcription Services

List of Tables

Table 1. Global Medical Transcription Services Market Size Growth Rate by Type (US$ Million), 2019 VS 2023 VS 2030

Table 2. Key Players of Outsourcing

Table 3. Key Players of Offshoring

Table 4. Global Medical Transcription Services Market Size Growth Rate by Application (US$ Million), 2019 VS 2023 VS 2030

Table 5. Global Medical Transcription Services Market Size Growth Rate (CAGR) by Region (US$ Million): 2019 VS 2023 VS 2030

Table 6. Global Medical Transcription Services Market Size by Region (2019-2024) & (US$ Million)

Table 7. Global Medical Transcription Services Market Share by Region (2019-2024)

Table 8. Global Medical Transcription Services Forecasted Market Size by Region (2025-2030) & (US$ Million)

Table 9. Global Medical Transcription Services Market Share by Region (2025-2030)

Table 10. Medical Transcription Services Market Trends

Table 11. Medical Transcription Services Market Drivers

Table 12. Medical Transcription Services Market Challenges

Table 13. Medical Transcription Services Market Restraints

Table 14. Global Medical Transcription Services Revenue by Players (2019-2024) & (US$ Million)

Table 15. Global Medical Transcription Services Revenue Share by Players (2019-2024)

Table 16. Global Top Medical Transcription Services by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Medical Transcription Services as of 2023)

Table 17. Global Medical Transcription Services Industry Ranking 2022 VS 2023 VS 2024

Table 18. Global 5 Largest Players Market Share by Medical Transcription Services Revenue (CR5 and HHI) & (2019-2024)

Table 19. Global Key Players of Medical Transcription Services, Headquarters and Area Served

Table 20. Global Key Players of Medical Transcription Services, Product and Application

Table 21. Global Key Players of Medical Transcription Services, Product and Application

Table 22. Mergers & Acquisitions, Expansion Plans

Table 23. Global Medical Transcription Services Market Size by Type (2019-2024) & (US$ Million)

Table 24. Global Medical Transcription Services Revenue Market Share by Type (2019-2024)

Table 25. Global Medical Transcription Services Forecasted Market Size by Type (2025-2030) & (US$ Million)

Table 26. Global Medical Transcription Services Revenue Market Share by Type (2025-2030)

Table 27. Global Medical Transcription Services Market Size by Application (2019-2024) & (US$ Million)

Table 28. Global Medical Transcription Services Revenue Share by Application (2019-2024)

Table 29. Global Medical Transcription Services Forecasted Market Size by Application (2025-2030) & (US$ Million)

Table 30. Global Medical Transcription Services Revenue Share by Application (2025-2030)

Table 31. North America Medical Transcription Services Market Size by Type (2019-2024) & (US$ Million)

Table 32. North America Medical Transcription Services Market Size by Type (2025-2030) & (US$ Million)

Table 33. North America Medical Transcription Services Market Size by Application (2019-2024) & (US$ Million)

Table 34. North America Medical Transcription Services Market Size by Application (2025-2030) & (US$ Million)

Table 35. North America Medical Transcription Services Growth Rate (CAGR) by Country (US$ Million): 2019 VS 2023 VS 2030

Table 36. North America Medical Transcription Services Market Size by Country (2019-2024) & (US$ Million)

Table 37. North America Medical Transcription Services Market Size by Country (2025-2030) & (US$ Million)

Table 38. Europe Medical Transcription Services Market Size by Type (2019-2024) & (US$ Million)

Table 39. Europe Medical Transcription Services Market Size by Type (2025-2030) & (US$ Million)

Table 40. Europe Medical Transcription Services Market Size by Application (2019-2024) & (US$ Million)

Table 41. Europe Medical Transcription Services Market Size by Application (2025-2030) & (US$ Million)

Table 42. Europe Medical Transcription Services Growth Rate (CAGR) by Country (US$ Million): 2019 VS 2023 VS 2030

Table 43. Europe Medical Transcription Services Market Size by Country (2019-2024) & (US$ Million)

Table 44. Europe Medical Transcription Services Market Size by Country (2025-2030) & (US$ Million)

Table 45. China Medical Transcription Services Market Size by Type (2019-2024) & (US$ Million)

Table 46. China Medical Transcription Services Market Size by Type (2025-2030) & (US$ Million)

Table 47. China Medical Transcription Services Market Size by Application (2019-2024) & (US$ Million)

Table 48. China Medical Transcription Services Market Size by Application (2025-2030) & (US$ Million)

Table 49. Asia Medical Transcription Services Market Size by Type (2019-2024) & (US$ Million)

Table 50. Asia Medical Transcription Services Market Size by Type (2025-2030) & (US$ Million)

Table 51. Asia Medical Transcription Services Market Size by Application (2019-2024) & (US$ Million)

Table 52. Asia Medical Transcription Services Market Size by Application (2025-2030) & (US$ Million)

Table 53. Asia Medical Transcription Services Growth Rate (CAGR) by Region (US$ Million): 2019 VS 2023 VS 2030

Table 54. Asia Medical Transcription Services Market Size by Region (2019-2024) & (US$ Million)

Table 55. Asia Medical Transcription Services Market Size by Region (2025-2030) & (US$ Million)

Table 56. Middle East, Africa, and Latin America Medical Transcription Services Market Size by Type (2019-2024) & (US$ Million)

Table 57. Middle East, Africa, and Latin America Medical Transcription Services Market Size by Type (2025-2030) & (US$ Million)

Table 58. Middle East, Africa, and Latin America Medical Transcription Services Market Size by Application (2019-2024) & (US$ Million)

Table 59. Middle East, Africa, and Latin America Medical Transcription Services Market Size by Application (2025-2030) & (US$ Million)

Table 60. Middle East, Africa, and Latin America Medical Transcription Services Growth Rate (CAGR) by Country (US$ Million): 2019 VS 2023 VS 2030

Table 61. Middle East, Africa, and Latin America Medical Transcription Services Market Size by Country (2019-2024) & (US$ Million)

Table 62. Middle East, Africa, and Latin America Medical Transcription Services Market Size by Country (2025-2030) & (US$ Million)

Table 63. Mmodal Company Details

Table 64. Mmodal Business Overview

Table 65. Mmodal Medical Transcription Services Product

Table 66. Mmodal Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 67. Mmodal Recent Developments

Table 68. Nuance Communications Company Details

Table 69. Nuance Communications Business Overview

Table 70. Nuance Communications Medical Transcription Services Product

Table 71. Nuance Communications Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 72. Nuance Communications Recent Developments

Table 73. Transcend Services Company Details

Table 74. Transcend Services Business Overview

Table 75. Transcend Services Medical Transcription Services Product

Table 76. Transcend Services Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 77. Transcend Services Recent Developments

Table 78. Acusis Company Details

Table 79. Acusis Business Overview

Table 80. Acusis Medical Transcription Services Product

Table 81. Acusis Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 82. Acusis Recent Developments

Table 83. iMedX Information Services Company Details

Table 84. iMedX Information Services Business Overview

Table 85. iMedX Information Services Medical Transcription Services Product

Table 86. iMedX Information Services Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 87. iMedX Information Services Recent Developments

Table 88. MTBC Company Details

Table 89. MTBC Business Overview

Table 90. MTBC Medical Transcription Services Product

Table 91. MTBC Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 92. MTBC Recent Developments

Table 93. nThrive Company Details

Table 94. nThrive Business Overview

Table 95. nThrive Medical Transcription Services Product

Table 96. nThrive Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 97. nThrive Recent Developments

Table 98. Medi-Script Plus Company Details

Table 99. Medi-Script Plus Business Overview

Table 100. Medi-Script Plus Medical Transcription Services Product

Table 101. Medi-Script Plus Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 102. Medi-Script Plus Recent Developments

Table 103. Outsource2india Company Details

Table 104. Outsource2india Business Overview

Table 105. Outsource2india Medical Transcription Services Product

Table 106. Outsource2india Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 107. Outsource2india Recent Developments

Table 108. TransPerfect Company Details

Table 109. TransPerfect Business Overview

Table 110. TransPerfect Medical Transcription Services Product

Table 111. TransPerfect Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 112. TransPerfect Recent Developments

Table 113. VIVA Transcription Company Details

Table 114. VIVA Transcription Business Overview

Table 115. VIVA Transcription Medical Transcription Services Product

Table 116. VIVA Transcription Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 117. VIVA Transcription Recent Developments

Table 118. Medscribe Company Details

Table 119. Medscribe Business Overview

Table 120. Medscribe Medical Transcription Services Product

Table 121. Medscribe Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 122. Medscribe Recent Developments

Table 123. Pacific Solutions Company Details

Table 124. Pacific Solutions Business Overview

Table 125. Pacific Solutions Medical Transcription Services Product

Table 126. Pacific Solutions Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 127. Pacific Solutions Recent Developments

Table 128. Same Day transcriptions Company Details

Table 129. Same Day transcriptions Business Overview

Table 130. Same Day transcriptions Medical Transcription Services Product

Table 131. Same Day transcriptions Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 132. Same Day transcriptions Recent Developments

Table 133. DoctorDocs Company Details

Table 134. DoctorDocs Business Overview

Table 135. DoctorDocs Medical Transcription Services Product

Table 136. DoctorDocs Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 137. DoctorDocs Recent Developments

Table 138. World Wide Dictation Company Details

Table 139. World Wide Dictation Business Overview

Table 140. World Wide Dictation Medical Transcription Services Product

Table 141. World Wide Dictation Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 142. World Wide Dictation Recent Developments

Table 143. Athreon Company Details

Table 144. Athreon Business Overview

Table 145. Athreon Medical Transcription Services Product

Table 146. Athreon Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 147. Athreon Recent Developments

Table 148. BVS Transtech Company Details

Table 149. BVS Transtech Business Overview

Table 150. BVS Transtech Medical Transcription Services Product

Table 151. BVS Transtech Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 152. BVS Transtech Recent Developments

Table 153. Excel Transcriptions Company Details

Table 154. Excel Transcriptions Business Overview

Table 155. Excel Transcriptions Medical Transcription Services Product

Table 156. Excel Transcriptions Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 157. Excel Transcriptions Recent Developments

Table 158. GMT Company Details

Table 159. GMT Business Overview

Table 160. GMT Medical Transcription Services Product

Table 161. GMT Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 162. GMT Recent Developments

Table 163. LC Transcription Services Company Details

Table 164. LC Transcription Services Business Overview

Table 165. LC Transcription Services Medical Transcription Services Product

Table 166. LC Transcription Services Revenue in Medical Transcription Services Business (2019-2024) & (US$ Million)

Table 167. LC Transcription Services Recent Developments

Table 168. Research Programs/Design for This Report

Table 169. Key Data Information from Secondary Sources

Table 170. Key Data Information from Primary Sources

List of Figures

Figure 1. Global Medical Transcription Services Market Size Growth Rate by Type, 2019 VS 2023 VS 2030 (US$ Million)

Figure 2. Global Medical Transcription Services Market Share by Type: 2023 VS 2030

Figure 3. Outsourcing Features

Figure 4. Offshoring Features

Figure 5. Global Medical Transcription Services Market Size Growth Rate by Application, 2019 VS 2023 VS 2030 (US$ Million)

Figure 6. Global Medical Transcription Services Market Share by Application: 2023 VS 2030

Figure 7. Hospitals Case Studies

Figure 8. Clinical Laboratories Case Studies

Figure 9. Academic Medical Centers Case Studies

Figure 10. Others Case Studies

Figure 11. Medical Transcription Services Report Years Considered

Figure 12. Global Medical Transcription Services Market Size (US$ Million), Year-over-Year: 2019-2030

Figure 13. Global Medical Transcription Services Market Size, (US$ Million), 2019 VS 2023 VS 2030

Figure 14. Global Medical Transcription Services Market Share by Region: 2023 VS 2030

Figure 15. Global Medical Transcription Services Market Share by Players in 2023

Figure 16. Global Top Medical Transcription Services Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Medical Transcription Services as of 2023)

Figure 17. The Top 10 and 5 Players Market Share by Medical Transcription Services Revenue in 2023

Figure 18. North America Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 19. North America Medical Transcription Services Market Share by Type (2019-2030)

Figure 20. North America Medical Transcription Services Market Share by Application (2019-2030)

Figure 21. North America Medical Transcription Services Market Share by Country (2019-2030)

Figure 22. United States Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 23. Canada Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 24. Europe Medical Transcription Services Market Size YoY (2019-2030) & (US$ Million)

Figure 25. Europe Medical Transcription Services Market Share by Type (2019-2030)

Figure 26. Europe Medical Transcription Services Market Share by Application (2019-2030)

Figure 27. Europe Medical Transcription Services Market Share by Country (2019-2030)

Figure 28. Germany Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 29. France Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 30. U.K. Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 31. Italy Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 32. Russia Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 33. Nordic Countries Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 34. China Medical Transcription Services Market Size YoY (2019-2030) & (US$ Million)

Figure 35. China Medical Transcription Services Market Share by Type (2019-2030)

Figure 36. China Medical Transcription Services Market Share by Application (2019-2030)

Figure 37. Asia Medical Transcription Services Market Size YoY (2019-2030) & (US$ Million)

Figure 38. Asia Medical Transcription Services Market Share by Type (2019-2030)

Figure 39. Asia Medical Transcription Services Market Share by Application (2019-2030)

Figure 40. Asia Medical Transcription Services Market Share by Region (2019-2030)

Figure 41. Japan Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 42. South Korea Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 43. China Taiwan Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 44. Southeast Asia Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 45. India Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 46. Australia Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 47. Middle East, Africa, and Latin America Medical Transcription Services Market Size YoY (2019-2030) & (US$ Million)

Figure 48. Middle East, Africa, and Latin America Medical Transcription Services Market Share by Type (2019-2030)

Figure 49. Middle East, Africa, and Latin America Medical Transcription Services Market Share by Application (2019-2030)

Figure 50. Middle East, Africa, and Latin America Medical Transcription Services Market Share by Country (2019-2030)

Figure 51. Brazil Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 52. Mexico Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 53. Turkey Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 54. Saudi Arabia Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 55. Israel Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 56. GCC Countries Medical Transcription Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 57. Mmodal Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 58. Nuance Communications Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 59. Transcend Services Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 60. Acusis Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 61. iMedX Information Services Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 62. MTBC Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 63. nThrive Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 64. Medi-Script Plus Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 65. Outsource2india Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 66. TransPerfect Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 67. VIVA Transcription Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 68. Medscribe Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 69. Pacific Solutions Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 70. Same Day transcriptions Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 71. DoctorDocs Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 72. World Wide Dictation Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 73. Athreon Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 74. BVS Transtech Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 75. Excel Transcriptions Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 76. GMT Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 77. LC Transcription Services Revenue Growth Rate in Medical Transcription Services Business (2019-2024)

Figure 78. Bottom-up and Top-down Approaches for This Report

Figure 79. Data Triangulation

Figure 80. Key Executives Interviewed

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