Global Medical Transcription IT Spending Market 2016-2020

Market outlook of the global medical transcription IT spending

Technavio’s analyst predicts the global medical transcription IT spending market to grow steadily at a CAGR of around 6% during the forecast period. Currently, the healthcare industry is finding it difficult to manage the enormous amount of data it generates. It has become imperative for this industry to adopt digital tools like analytical tools, healthcare information management systems, and digital document management systems to keep a record of data related to patients. With the shift from paper-based information management to digital document management, the industry is not only able to save costs but also able to efficiently manage and record data with minimal errors.

Digitization helps in hassle-free storage, smooth transfer of data using cloud-based IT solutions that can be accessed from anywhere. It immensely improves the efficiency of physicians in treating their patients without while delivering errorless medical prescriptions. Also, it helps in keeping patient’s history confidential and secure. Its various advantages have found widespread adoption all over the globe and this trend will continue to boost the medical transcription sector in the upcoming four years.

End-user segmentation and analysis of the medical transcription IT spending

• Hospitals
• Specialty clinics