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| Title | Medical Terminology Software Market Key Manufacturer Analysis and Forecast to 2023 |
|---|---|
| Category | Fitness Health --> Addictions |
| Meta Keywords | Medical Terminology Software Market |
| Owner | vinit |
| Description | |
| Medical Terminology Software Market: Highlights It is estimated that the global medical
terminology software market is expected to register a CAGR ~20%
during the forecast period of 2018–2023. Medical terminology software industry will witness a strong
growth it is beneficial in enhancing the efficiency of a laboratory by
providing operators with increased inventory control and tracking, including greater
flexibility to address changing needs of the laboratory and business
conditions. The rising focus on minimizing medical errors, government
initiatives for HCIT adoption, and disparity and fragmentation in the
terminology content of healthcare organizations are anticipated to fuel the
growth of the market. On the other hand, the restricted access to systems in
emerging countries is expected to hamper the growth of the market. The global medical terminology software market is conquered
by several players. The key players are involved in new product launches, as
well as strategic collaborations to brace their position in the market. For
instance, in 2016, Wolters Kluwer (Netherlands) announced a partnership with
HealthCore, Inc., (US), a clinical outcomes research subsidiary of Anthem, Inc.
(US), to provide data normalization services to the California Integrated Data
Exchange through its health language enterprise terminology management
platform. This initiative is anticipated to open new avenues for the firm to
cater to the untapped markets in this region. Key Players: Some of the key players in the global medical terminology
software market are
Segmentation: The global medical terminology software market is segmented
on the basis of product & service, application, and end user. The medical terminology software market, by product &
service, is categorized into services and platforms. 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, and clinical guidelines. On the basis of end user, the market is segmented into
healthcare providers, healthcare payers, and healthcare IT vendors. The
healthcare providers subcategory is further divided into healthcare service
providers and health information exchanges. The healthcare payer’s subcategory
is further divided into private payers and public payers Regional Analysis: The Americas is expected to hold a major share in the global
medical terminology software market can be attributed to the growing demand for
accurate data exchange between healthcare providers and payers to streamline
workflows in the region. Europe is expected to hold the second largest share in the
medical terminology software market due to the increasing need to maintain data
integrity is expected to provide further growth opportunities for market
players in the coming years. Asia-Pacific was projected to be the fastest growing region
for the global medical terminology software market due to the high adoption of
HCIT technologies, regulatory requirements regarding patient safety. The Middle
East and Africa holds the least share in the market due to fewer initiatives
taken by the government. Major Table of Content by “Medical Terminology Software
Market Research Report – Global Forecast till 2023” Chapter 1. Report Prologue Chapter 2. Market Introduction 2.1 Definition 2.2 Scope of The Study 2.2.1 Research Objective 2.2.2 Assumptions 2.2.3 Limitations Chapter 3. Research Methodology 3.1 Overview 3.2 Primary Research 3.3 Secondary Research 3.4 Market Size Estimation TOC Continued…….! LIST OF TABLES TABLE 1 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET SYNOPSIS,
2018–2023 TABLE 2 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES
AND FORECAST, 2018–2023 (USD MILLION) | |