MEDICAL TRANSCRIPTION SERVICE MARKET SIZE, SHARE, INDUSTRY, FORECAST, AND OUTLOOK (2024-2031)

Medical Transcription Service Market Size, Share, Industry, Forecast, and Outlook (2024-2031)

Medical Transcription Service Market Size, Share, Industry, Forecast, and Outlook (2024-2031)

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Overview

The global medical transcription service market reached US$ 43.46 billion in 2023 and is expected to reach US$ 65.70 billion by 2031 growing with a CAGR of 5.3% during the forecast period 2024-2031.

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Key Players

·         ACCESSWIRE

·         Amazon Web Services, Inc.

·         3M

·         DataMatrix Technologies, Inc.

·         Mediscribes, Inc.

·         ScribeMedics

·         The Dictation Source

·         SMARTMD

·         EHR Transcriptions, Inc.

·         MOS Medical Transcription Services (MTS)

Market Segments

·         By Service Type (Consultation Report, History and Physical Examination Reports, Discharge Summary, Operative Report, Others)

·         By Mode Of Procurement (Outsourcing, Offshoring, Both)

·         By End-Users (Hospitals, Clinics, Diagnostic Center, Others)

·         By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Key Developments

In November 2023, Amazon Web Services (AWS) announced a major upgrade to its Amazon Transcribe service, powered by a new multi-billion parameter speech foundation model trained on millions of hours of audio data across over 100 languages.

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