Press Release Description

Exponential Rise in Healthcare Innovations and Advanced IT integration to Lead the Global Medical Terminology Software Market

According to MarkNtel Advisors’ research report, the Global Medical Terminology Software Market is projected to grow at a CAGR of 21.11% in the forecast period of 2021-26. It owes to the increasing need to maintain the data integrity of the patients entwined with the growing awareness among doctors & patients about the advantages & availability of the software. 

In addition, medical terminology software makes the patient paperwork easier to understand, thereby assisting medical professionals in making decisions, quality reporting, recommendations & performing clinical trials, reimbursements, and public health surveillance. Furthermore, the rising need to enhance the patient experience is expected to drive the market growth, along with the above-cited factors, in the forecast period. 

Demand for Medical Terminology Solutions for Quality Reporting to Display the Fastest Growth During 2021-26

Various regulations by the governments of different countries toward promoting the adoption of medical terminology software to help medical professionals assess & report the quality of care provided to the patients are the most prominent factors expected to drive the demand for medical terminology software in Quality Reporting during 2021-26.

North America to Lead the Global Medical Terminology Software Market Through 2026

The emerging trend of cloud-based solutions & semantic interoperability is the key factor driving the market during 2021-26. The presence of medical terminology software providers, particularly across countries like the US, entwined with the adoption of modern technology in the regional healthcare sector are other crucial aspects expected to fuel the market growth in North America, reveals MarkNtel Advisors in their research report, "Global Medical Terminology Software Market Analysis, 2021."

Key Market Competitors

According to MarkNtel Advisors, the leading players in the Global Medical Terminology Software Market are 3M, Clinical Architecture, Apelon, B2I Healthcare PTE Ltd., Intelligent Medical Objects, Inc., Wolters Kluwer, Carecom, Bitac, Hivework, and BT Clinical Computing.

Key Questions Answered in the Study

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Medical Terminology Software Market?
  2. How has the industry been evolving in terms of geography & services adoption?
  3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Medical Terminology Software Market?
  5. What are the key results derived from the surveys conducted during the Global Medical Terminology Software Market study?

Market Segmentation:

  1. By Product & Services (Services & Platforms)
  2. By Application (Data Aggregation, Reimbursement, Public Health Surveillance, Data Integration, Decision Support, Clinical Trials, Quality Reporting, and Clinical Guidelines)
  3. By End-Users (Healthcare Provider, Healthcare Payers, and Healthcare IT Vendors)
  4. By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
  5. By Countries (US, Canada, Mexico, Brazil, Germany, France, UK, Spain, South Africa, UAE, Saudi Arabia, China, India, Japan, Australia, and South Korea)
  6. By Competitors (3M, Clinical Architecture, Apelon, B2I Healthcare PTE Ltd., Intelligent Medical Objects, Inc., Wolters Kluwer, Carecom, Bitac, Hivework, and BT Clinical Computing)