![]() Manual transcriptions increase the possibility of errors, which could lead to misdiagnosis, and incorrect treatments. Hence, there is a need for automating the process through speech recognition systems, integration of medical data by various information systems of hospitals, and compiling patient information in a single place that is nationally accessible.Healthcare professionals make use of medical transcriptions such as dictation recorders that are time-consuming, inefficient, and low in quality.Thus, it is important that the information collected during these interactions is accurate. The conversation between healthcare professionals and their patients during consultations offers the foundation for the diagnosis and treatment plans.The growing need for automated medical transcripts is one of the key factors driving the US medical transcription market growth.Key US Medical Transcription Market Driver The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical transcription industry in the US. The growing need for automated medical transcripts is notably driving the medical transcription market growth in the US, although factors such as low accuracy rates of speech recognition software may impede the market growth. ![]() Medical Transcription Market in the US: Key Drivers, Trends, and Challenges What will the Medical Transcription Market Size in the US be During the Forecast Period?ĭownload the Free Report Sample to Unlock the Medical Transcription Market Size in the US for the Forecast Period and Other Important Statistics 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 Inc. The medical transcription market in the US report also offers information on several market vendors, including 3M Co., Aquity LLC, Athreon, CBAY Transcription Inc., Crimson Interactive Pvt. Furthermore, this report extensively covers medical transcription market in the US segmentations by end-user (hospitals and physician groups and clinics) and type (services and software). This medical transcription market in the US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The medical transcription market share in the US is expected to increase to USD 2.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.57%.
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