The global medical transcription market is forecasted to grow by USD 33544.2 mn during 2025-2030, accelerating at a CAGR of 6.8% during the forecast period. The report on the global medical transcription market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in need for automated transcripts, rising chronic diseases and aging population, growth in healthcare it spending.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2026 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 6.4% |
| CAGR | 6.8% |
| Incremental Value | $33544.2 mn |
Technavio's global medical transcription market is segmented as below:
By End-User
- Hospitals
- Physician groups and clinics
By Type
By Deployment
Geography
- North America
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- South America
- Middle East and Africa
- Rest of World (ROW)
This study identifies the emergence of voice recognition technologies as one of the prime reasons driving the global medical transcription market growth during the next few years. Also, growth of mt outsourcing industry and adoption to cloud-based systems will lead to sizable demand in the market.
The report on the global medical transcription market covers the following areas:
- Global medical transcription market sizing
- Global medical transcription market forecast
- Global medical transcription market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global medical transcription market vendors that include 3M Co., Ambience Healthcare Inc., Aquity LLC, Athreon Corp., CareCloud Inc., Datalyst, DataMatrix Technologies Inc, Ditto, iMedX Inc., iMerit, Lingual Consultancy Services, Medfields Solutions, Microsoft Corp., Mymrplace INC, Rev.com Inc., Transcription Services Inc., TransMedics Inc., VIVA Transcription Corp.. Also, the global medical transcription market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Deployment
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global Medical Transcription Market 2020 - 2024
- Historic Market Size - Data Table on Global Medical Transcription Market 2020 - 2024 ($ million)
- 5.2 End-user segment analysis 2020 - 2024
- Historic Market Size - End-user Segment 2020 - 2024 ($ million)
- 5.3 Type segment analysis 2020 - 2024
- Historic Market Size - Type Segment 2020 - 2024 ($ million)
- 5.4 Deployment segment analysis 2020 - 2024
- Historic Market Size - Deployment Segment 2020 - 2024 ($ million)
- 5.5 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.6 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 The AI Impact on Global Medical Transcription Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by End-user
- 8.1 Market segments
- 8.2 Comparison by End-user
- 8.3 Hospitals - Market size and forecast 2025-2030
- 8.4 Physician groups and clinics - Market size and forecast 2025-2030
- 8.5 Market opportunity by End-user
- Market opportunity by End-user ($ million)
9 Market Segmentation by Type
- 9.1 Market segments
- 9.2 Comparison by Type
- 9.3 Services - Market size and forecast 2025-2030
- 9.4 Software - Market size and forecast 2025-2030
- 9.5 Market opportunity by Type
- Market opportunity by Type ($ million)
10 Market Segmentation by Deployment
- 10.1 Market segments
- 10.2 Comparison by Deployment
- 10.3 Cloud-based - Market size and forecast 2025-2030
- 10.4 On-premises - Market size and forecast 2025-2030
- 10.5 Market opportunity by Deployment
- Market opportunity by Deployment ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 North America - Market size and forecast 2025-2030
- 12.3.1 US - Market size and forecast 2025-2030
- 12.3.2 Canada - Market size and forecast 2025-2030
- 12.3.3 Mexico - Market size and forecast 2025-2030
- 12.4 APAC - Market size and forecast 2025-2030
- 12.4.1 China - Market size and forecast 2025-2030
- 12.4.2 Japan - Market size and forecast 2025-2030
- 12.4.3 India - Market size and forecast 2025-2030
- 12.4.4 South Korea - Market size and forecast 2025-2030
- 12.4.5 Australia - Market size and forecast 2025-2030
- 12.4.6 Indonesia - Market size and forecast 2025-2030
- 12.5 Europe - Market size and forecast 2025-2030
- 12.5.1 Germany - Market size and forecast 2025-2030
- 12.5.2 UK - Market size and forecast 2025-2030
- 12.5.3 France - Market size and forecast 2025-2030
- 12.5.4 Italy - Market size and forecast 2025-2030
- 12.5.5 Spain - Market size and forecast 2025-2030
- 12.5.6 The Netherlands - Market size and forecast 2025-2030
- 12.6 South America - Market size and forecast 2025-2030
- 12.6.1 Brazil - Market size and forecast 2025-2030
- 12.6.2 Argentina - Market size and forecast 2025-2030
- 12.6.3 Chile - Market size and forecast 2025-2030
- 12.7 Middle East and Africa - Market size and forecast 2025-2030
- 12.7.1 Saudi Arabia - Market size and forecast 2025-2030
- 12.7.2 UAE - Market size and forecast 2025-2030
- 12.7.3 South Africa - Market size and forecast 2025-2030
- 12.7.4 Turkey - Market size and forecast 2025-2030
- 12.7.5 Israel - Market size and forecast 2025-2030
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Increase in need for automated transcripts
- Rising chronic diseases and aging population
- Growth in healthcare IT spending
- 13.2 Market challenges
- Increasing concerns for medical data privacy
- Vulnerability of EMR toward cyber-crime
- Requirement of intense training
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 13.4 Market opportunities
- Emergence of voice recognition technologies
- Growth of MT outsourcing industry
- Adoption to cloud-based systems
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 3M Co.
- 3M Co. - Overview
- 3M Co. - Business segments
- 3M Co. - Key news
- 3M Co. - Key offerings
- 3M Co. - Segment focus
- SWOT
- 15.5 Ambience Healthcare Inc.
- Ambience Healthcare Inc. - Overview
- Ambience Healthcare Inc. - Product / Service
- Ambience Healthcare Inc. - Key offerings
- SWOT
- 15.6 Aquity LLC
- Aquity LLC - Overview
- Aquity LLC - Product / Service
- Aquity LLC - Key offerings
- SWOT
- 15.7 Athreon Corp.
- Athreon Corp. - Overview
- Athreon Corp. - Product / Service
- Athreon Corp. - Key offerings
- SWOT
- 15.8 CareCloud Inc.
- CareCloud Inc. - Overview
- CareCloud Inc. - Business segments
- CareCloud Inc. - Key news
- CareCloud Inc. - Key offerings
- CareCloud Inc. - Segment focus
- SWOT
- 15.9 Datalyst
- Datalyst - Overview
- Datalyst - Product / Service
- Datalyst - Key offerings
- SWOT
- 15.10 DataMatrix Technologies Inc
- DataMatrix Technologies Inc - Overview
- DataMatrix Technologies Inc - Product / Service
- DataMatrix Technologies Inc - Key offerings
- SWOT
- 15.11 Ditto
- Ditto - Overview
- Ditto - Product / Service
- Ditto - Key offerings
- SWOT
- 15.12 iMedX Inc.
- iMedX Inc. - Overview
- iMedX Inc. - Product / Service
- iMedX Inc. - Key offerings
- SWOT
- 15.13 iMerit
- iMerit - Overview
- iMerit - Product / Service
- iMerit - Key offerings
- SWOT
- 15.14 Lingual Consultancy Services
- Lingual Consultancy Services - Overview
- Lingual Consultancy Services - Product / Service
- Lingual Consultancy Services - Key offerings
- SWOT
- 15.15 Medfields Solutions
- Medfields Solutions - Overview
- Medfields Solutions - Product / Service
- Medfields Solutions - Key offerings
- SWOT
- 15.16 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus
- SWOT
- 15.17 Mymrplace INC
- Mymrplace INC - Overview
- Mymrplace INC - Product / Service
- Mymrplace INC - Key offerings
- SWOT
- 15.18 Rev.com Inc.
- Rev.com Inc. - Overview
- Rev.com Inc. - Product / Service
- Rev.com Inc. - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations