USD 23 03 Bn growth in Medical Transcription Market | 3M Co., Acusis LLC, and CareCloud Inc. emerge as dominant vendors | Technavio

NEW YORK, Nov. 15, 2021 /PRNewswire/ — The «Medical Transcription Market by End-user and Geography – Forecast and Analysis 2021-2025″…

NEW YORK, Nov. 15, 2021 /PRNewswire/ — The «Medical Transcription Market by End-user and Geography – Forecast and Analysis 2021-2025» report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the medical transcription market between 2020 and 2025 is USD 23.03 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The increase in the need for automated transcripts and rising chronic diseases and the aging population are some of the key market drivers. However, factors such as increasing concerns for medical data privacy will challenge market growth.

Learn about additional key drivers, trends, and challenges impacting market growth by purchasing our full report.

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The medical transcription market report is segmented by end-user (hospitals and physician groups and clinics) and geography (North America, APAC, Europe, South America, and MEA).  APAC will be the leading region with 35% of the market’s growth during the forecast period. Japan is the key market for medical transcription in APAC.

View Our Free Sample Report for highlights on top-performing segments and regions in the medical transcription market.

Some Companies Mentioned with their Offerings

  • 3M Co.
  • Acusis LLC
  • CareCloud Inc.
  • Excel Transcriptions Inc.
  • Global Medical Transcription LLC
  • Gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Global Medical Practice Management Software Market – Global medical practice management software market is segmented by end-user (hospitals, diagnostic laboratories, physicians, and pharmacists), deployment (cloud-based and on-premises), and geography (North America, Europe, APAC, South America, and MEA).

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Medical Transcription Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Decelerate at a CAGR of over 6%

Market growth 2021-2025

USD 23.03 billion

Market structure


YoY growth (%)


Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 35%

Key consumer countries

US, Canada, Japan, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Acusis LLC, CareCloud Inc., Excel Transcriptions Inc., Global Medical Transcription LLC, iMedX Inc., Lingual Consultancy Services Pvt. Ltd., Nuance Communications Inc., and World Wide Dictation Service of New York Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200


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SOURCE Technavio