Medical Terminology Software Market Trends, Size, Share, Segments, Emerging Technologies and Market Growth by Forecast to 2030

 

Medical Terminology Software Market

Medical terminology software market to register double digit CAGR as healthcare industry tries to increase efficiency

With the rising need for providing laboratory operators with enhanced inventory control and tracking, Medical Terminology Software Market is expected to gain massive traction. The market will also accrue proceeds from the greater demand for flexibility to address changing needs of laboratory and medical business.

The Medical Terminology Software Market is projected to reach USD 1.2 Billion by 2030 at 19.20% CAGR during the forecast period 2022-2030. 

Medical terminology is a basis for effective communication in the medical world. When everyone uses the same terms for understanding a condition, procedure and medicine, delivering care or billing for a medicine becomes more efficient and effective. Standard medical terminology is also the backbone for training and communication, infection control training and HIPAA compliance training that create a safe environment for both patients and employees.

Competitive Landscape:

Some of the key players in the medical terminology software market include,

Intelligent Medical Objects, Wolters Kluwer, Clinical Architecture, Apelon, B2i Healthcare, Bitac, BT Clinical Computing, HiveWorx and CareCom.

Segmentation:

The medical terminology software market is segmented as product & service, application, and end user.

·         On the basis of product & service, medical terminology software market is subdivided into services and platforms.

·         By application, subsegments of medical terminology software market include data integration, data aggregation, public health surveillance, reimbursement, clinical guidelines, clinical trials, decision support and quality reporting.

·         End user medical terminology software market segment includes healthcare providers, IT vendors and healthcare payers. Healthcare providers subsegment is further divided into health information exchanges and healthcare service providers. Healthcare payers subsegment is also further subdivided into public payers and private payers.

Regional Analysis:

Increased demand for enhanced data exchange between healthcare providers and healthcare payers to streamline workflows is expected to place the Americas in a leading position in the global medical terminology software market share.

Europe, which share a similar position with North America in the healthcare industry has also witnessed increased requirement to maintain data integrity and is thus anticipated to hold the second largest share in the medical terminology software market.

Asia Pacific is expected to witness exponential growth in medical terminology software market share and emerge as the fastest growing region as far as the market is concerned.

The uptake of medical terminology software in Middle East and Africa, especially in the countries where healthcare industry and technologies are still lagging far behind than those in the modernized world, will be much slower. The region has witnessed fewer government initiatives and is therefore expected to hold the least share in the medical terminology software market.

Industry News:

·         Growth trends that are predicted to be apparent in the medical terminology software market can be fathomed by the success of some of the companies that play a critical role in upholding the industry. Thus, an announcement by Intelligent Medical Objects previously in 2016 that it has secured growth capital investment from funds affiliated with Warburg Pincus can be measured as a positive indication for the growth of the overall medical terminology software market.

·         Warburg Pincus is a global private equity firm that specializes in growth investing and its investment in Intelligent Medical Objects was planned to drive the expansion of the company and its work in health information ecosystem. A glimpse of the outcome of the investment is reflected in the 2019 relocation of the company headquarters to a massive 350,000-square-foot, complex in Rosemont, Illinois.

Related Report-

·         Vascular Patches Market Research Report-Global Forecast till 2027                        

·         Stereotactic Surgery Devices Market Research Report - Global Forecast till 2027               

About US:

Market Research Future (MRFR) enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013

 

Comments

Post a Comment

Popular posts from this blog

Meningococcal Vaccines Market Key Players, End User, Demand and Analysis Growth Trends by 2030

Image
  Market Synopsis As per the research conducted by Market Research Future (MRFR), Meningococcal Vaccines Market  is projected to be worth USD 5.91 billion by 2030, registering a CAGR of 7.29% during the forecast period (2022 - 2030), The market was valued USD 3.12 billion in 2021. The growing adoption of vaccination to eliminate bacterial meningitis is expected to increase the demand for immunization therapies, which can augment the global market in the assessment period. The growing initiatives by the government and various authorities to counter the increasing prevalence of meningitis is likely to offer efficient methods of immunization, which is predicted to strengthen the industry. Furthermore, the surging funds for R&D are projected to combat the increasing cases of meningococcal infection that is likely to offer lucrative opportunities to vaccine manufacturing companies, which can boost the trade. On the other hand, stringent government regulations for the appro...
Read more

Keratoconus Treatment Market Latest Innovations, Drivers And Market Status 2022 To 2030

Image
  Increasing Demand in North America, Europe to Drive Keratoconus Treatment Market Keratoconus is a progressive eye condition in which the cornea, usually round and small, appears cone-like. Keratoconus frequently has to do with light overexposure, constant eye rubbing, improperly fitting contact lenses and chronic eye irritation. Keratoconus care depends on the seriousness of the disease and how easily the condition progresses. The Keratoconus Treatment Market is projected to reach USD 389.64 million by 2030 at 3.70% CAGR during the forecast period 2022-2030. List of Key Companies Covered in this report: Global Keratoconus Treatment Market Players are HOYA Vision Care Company (Japan) 2. Menicon Co., Ltd. (Japan) 3. Cooper Companies, Inc. (US) 4. Bausch Health (Canada) 5. SynergEyes (US) 6. Carl Zeiss Meditec AG (Germany) 7. Contamac (UK) 8. SEED Co., Ltd (Japan) 9. Novartis AG (Switzerland) 10. Johnson & Johnson Services, Inc. (US) Segmentation: The global ke...
Read more

Animal Genetics Market: Competitive Landscape Analysis With Forecast by 2027

Image
  Market Scope Market Research Future (MRFR) studied the global animal genetics market 2021 for the analysis tenure till 2027. As per MRFR findings, the global Animal Genetics Market is likely to rise at 8.4% CAGR over the forecast period. Animal Genetics Market Key Players Neogen Corporation (US), URUS (US), Genus (UK), EW Group (Germany), CRV Holding B.V. (The Netherland), Groupe Grimaud (France), Topigs Norsvin (Netherlands), Envigo (US) Hendrix Genetics BV (The Netherland), Zoetis (US), vetGen (US), and Animal Genetics (US), Alta Genetics (US) among others are some eminent players in the global animal genetics market that are listed by MRFR. Segment Analysis of Animal Genetics Market The segment study of the global animal genetics market is based on services, animal genetic products, and end-user. ·          The animal genetic product-based segments of the global animal genetics market are live animals and genetic materials...
Read more