Medical Terminology Software Market Size Report, Industry Share, Analysis, Growth, 2030

Medical Terminology Software Market

Medical Terminology Software Market by Products and services (Services and Platform), End-user (Healthcare providers, healthcare payers, others), & Applications (Public Health Surveillance, Data Integration, Reimbursement, Decision Support, Quality Reporting, Data Aggregation, Clinical Guidelines, Clinical Trials and Others) – Global Industry Perspective Comprehensive Analysis and Forecast, 2019-2025

Category: Healthcare Report Format : PDF Pages: 130 Report Code: ZMR-5172 Published Date: Dec-2019 Status : Published
Market Size in 2018 Market Forecast in 2026 CAGR (in %) Base Year
USD 599.85 Million USD 1,745.75 Million 16.53% 2018

Medical Terminology Software Market

Medical Terminology Software Industry Perspective:  

The global Medical Terminology Software market size was evaluated at $599.85 million in 2018 and is slated to hit $1,745.75 Million by the end of 2025 with a CAGR of nearly 16.53% between 2023 and 2030.

Global Medical Terminology Software Market SizeRequest Free Sample

The report covers forecast and analysis for the Medical Terminology Software market on a global and regional level. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million).

The study includes drivers and restraints for the Medical Terminology Software market along with the impact they have on the demand over the forecast period.

Additionally, the report includes the study of opportunities available in the Medical Terminology Software market on a global level. In order to give the users of this report a comprehensive view of the Medical Terminology Software market we have included a competitive landscape and analysis of Porter’s Five Forces model for the market.

Medical Terminology Software Market: Segmentation

The study encompasses a market attractiveness analysis, wherein Products and Services, End-user, applications, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the Medical Terminology Software market by segmenting the market based on products and Services, end-user, applications and regions.

All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. Based on products and services, the market is segmented into services and platforms.

Based on the end-user, the medical terminology software is segmented into healthcare providers, healthcare payers, and others.

Based on application, the medical terminology software market is segmented into data aggregation, reimbursement, public health surveillance, data integration, decision support, clinical trials, quality reporting, clinical guidelines, and others.

The data aggregation segment accounted for the biggest share of the market for medical terminology software in 2018 based on implementation.

Medical Terminology Software Market: Report Scope

Report Attributes Report Details
Report Name Medical Terminology Software Market Research Report
Market Size in 2018 USD 599.85 Million
Market Forecast in 2025 USD 1,745.75 Million
Growth Rate CAGR of 16.53%
Number of Pages 255
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Wolters Kluwer, Intelligent Medical Objects, Apelon, Clinical Architecture , 3M, CareCom, Bitac, B2i Healthcare, BT Clinical Computing, and HiveWorx amongst others.
Segments Covered By Services, By End-Use, By Applications, By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Base Year 2018
Historical Year 2016 to 2018
Forecast Year 2019 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Medical Terminology Software Market: Growth Factors

The increasing focus on decreasing medical errors and the need to generate a coherent and thorough source of information and enhance performance measurement and transparency in patient care can be ascribed to the big share of this segment.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries such as US, Canada, Germany, UK, France, China, Japan, India, GCC countries, Brazil.

Medical terminology software is used to standardize patient information and manage big quantities of healthcare information accumulated.

The software also addresses the growing need for curbing medical errors. It is anticipated that the growing need to reduce medical errors and the growing demand for patient information standardization along with the accumulation of big quantities of healthcare information will drive market growth.

Factors such as reluctance over standard methods to use terminology alternatives limit market growth. In addition, significant market firms are engaged in fresh product launches to reinforce their market position.

Medical Terminology Software Market: Competitive Space

Key players within the global Medical Terminology Software market include 

  • Wolters Kluwer
  • Intelligent Medical Objects
  • Apelon 
  • Clinical Architecture 
  • 3M
  • CareCom
  • Bitac
  • B2i Healthcare
  • BT Clinical Computing
  • HiveWorx 
  • amongst others.

The report segments the global Medical Terminology Software market as follows:

By Products and Services Segment Analysis

  • Services
  • Platform

By End-user Segment Analysis

  • Healthcare Providers
  • Healthcare Payers
  • Others

By Application Segment Analysis

  • Public Health Surveillance
  • Data Integration
  • Reimbursement
  • Decision Support
  • Quality Reporting
  • Data Aggregation
  • Clinical Guidelines
  • Clinical Trials
  • Others

Global Medical Terminology Software Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Medical terminology software helps doctors, students, and administrative personnel comprehend and manage medical terminology. This program helps healthcare professionals learn, interpret, and explain medical jargon for correct documentation, communication, and patient care.
 

It is anticipated that the growing need to reduce medical errors and the growing demand for patient information standardization along with the accumulation of big quantities of healthcare information will drive market growth.

According to the report, global demand for Medical Terminology Software market was valued at approximately USD 599.85 million in 2018, and is expected to generate revenue of around USD 1,745.75 Million by end of 2025, growing at a CAGR of around 16.53% between 2019 and 2025.

North America's large share is due to the high adoption of HCIT technology, regulatory requirements for patient safety, the presence of leading market players in the region, and growing demand for accurate data sharing to streamline workflows between health care providers and payers.

Some of the players included in PKU treatment market are Wolters Kluwer, Intelligent Medical Objects, Apelon, Clinical Architecture , 3M, CareCom, Bitac, B2i Healthcare, BT Clinical Computing, and HiveWorx amongst others.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed