A comprehensive historical analysis of the global market for Medical Terminology Software has been thoroughly analyzed in this report. It offers data and insights from 2019-2022 and provides extensive market forecasts for 2023 and 2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future Medical Terminology Software market outlooks.
The Global Medical Terminology Software Market Size is anticipated to exceed USD 8.9 billion by 2033, growing at a CAGR of 17.20% from 2023 to 2033.
The report includes growth prospects in the global Medical Terminology Software market by type, application, sub-segment, and region. QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Healthcare and other sectors. Regional coverage spans North America, Europe, and the rest of the world including Asia Pacific.
The industry that deals with developing, implementing, and utilizing software solutions designed to assist medical practitioners in managing, analyzing, understanding, and interpreting medical terminology is known as the medical terminology software market. Medical terminology software is a computer program that aids healthcare professionals in understanding and using medical language by providing a comprehensive database of terms, definitions, and abbreviations. Electronic Health Record (EHR) is the leading and most used by medical practitioners.
According to the Australian Government, the Australian Digital Health Agency designed the National Clinical Terminology Service (NCTS) for managing, developing, and distributing national clinical terminologies and related tools and services to support the digital health requirements of the Australian healthcare community. SNOMED CT is a globally extensive multilingual health terminology that encompasses various aspects of clinical findings, procedures, observables, body structures, organisms, substances, and pharmaceutical/biological products.
For instance, the Unified Medical Language System (UMLS) is a collection of documents and software that integrates several biomedical and pharmaceutical vocabularies and standards to facilitate computer system compatibility. The UMLS has assembled and communicated key terminology, classification and coding standards, and associated materials to facilitate the development of more efficient and compatible biomedical information systems and services, such as electronic health records.
The medical terminology software market is expanding ascribed of the adoption of electronic health records, enhancing efficiency and allowing healthcare providers to focus on patient care.
Leading players in Medical Terminology Software including:
- Optum
- Health Catalyst
- Oracle Corporation
- Intersystem Corporation
- Plexis Healthcare System
- Medicomp Systems
- Spellex Technologies
- Wolters Kluwer
- BT Clinical Computing
- Apelon
- B2i Healthcare
- BT Clinical Computing
- Carecom
- Intelligent Medical Objects
- QA Healthcare Pte Ltd
- Clinical Corporation
- NextGen Healthcare
- Others
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Market split by Segement can be divided into:
By Type
- Services
- Platform
By Application
- Clinical Trials
- Quality Reporting
- Data Aggregation
- Reimbursement
- Others
By End-Use
- Healthcare IT Vendors
- Healthcare Providers
- Healthcare Payers
- Others
Market segment by Region/Country including:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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In January 2024, Penn Med residents launched AI dictation software to ease physicians' administrative tasks. The software utilizes an AI “billing buddy” tool to capture billing and coding details, providing a feedback mechanism that predicts the reimbursement for a patient visit.
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What's covered in the report?
- 1. Overview of the Medical Terminology Software market.
- 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa) market size data for the Medical Terminology Software market, based on segement.
- 3. Medical Terminology Software Market Trends.
- 4. Medical Terminology Software Market drivers.
- 5. Analysis of major company profiles.
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Medical Terminology Software market.
2. Use the SWOT analysis to determine the competitive intensity and attractiveness of the emerging Medical Terminology Software Industry.
3. Leading company profiles reveal details of key Medical Terminology Software market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Medical Terminology Software market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe, and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Medical Terminology Software market over the upcoming seven years
7. Accurate estimation of the global Medical Terminology Software market size
8. Exact estimations of the upcoming trends and changes observed in consumer behavior
9. Growth of the global Medical Terminology Software market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Medical Terminology Software market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Medical Terminology Software market
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