Medical Terminology Software

Medical Terminology Software Market Research Report: Forecast (2021-2026)

By Product and Services (Services and Platforms), By Application (Data Aggregation, Reimbursement, Public Health Surveillance, Data Integration, Decision Support, Clinical Trials, Quality Reporting, C Read more

  • Healthcare
  • Apr 2022
  • 192
  • HC44005

Market Definition

Adequately maintaining healthcare records of individuals is challenging for hospitals & healthcare institutes, and it adversely affects patients during their treatment. Every year, several patients die because of errors in their healthcare records. As a result, the demand for medical terminology software to minimize healthcare errors & enable appropriate treatment for patients is significantly surging worldwide. It has extensive usage in clinical trials, insurance claims & reimbursements, public health monitoring, etc., and helps healthcare centers efficiently manage patient records.

Market Insights

The Global Medical Terminology Software Market is expected to witness around 21.11% CAGR during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the increasing demand to uniform the patient data & reduce medical errors, coupled with various government initiatives for encouraging the adoption of Healthcare Information Technology (HCIT). Besides, the leading market players massively investing in numerous R&D activities to introduce new software & products integrated with modern technologies and thus strengthen their position in the industry is another crucial aspect driving the global market.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 21.11%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain
Asia-Pacific: China, India, Japan, South Korea, Australia and Others
South America: Brazil, Others
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled 3M, Clinical Architecture, Apelon, B2I Healthcare PTE Ltd., Intelligent Medical Objects, Inc., Wolters Kluwer, Carecom, Bitac, Hivework, and BT Clinical Computing
Unit Denominations USD Million/Billion

 

Moreover, the burgeoning adoption of medical terminology software across numerous hospitals & healthcare institutes to enhance patient documentation processes, store clinical information, and improve data-related operations is another crucial aspect promoting the overall market growth.

In addition, the fragmentation in the terminology content of healthcare firms is also augmenting the demand for medical terminology software to enable them to manage patient data efficiently, thereby projecting remunerative growth prospects for the global market through 2026.

Covid-19 Positively Impacted the Global Medical Terminology Software Market

The advent of Covid-19 in 2020, with its high prevalence, shook the global healthcare sector, particularly during the initial months of 2020. However, the Global Medical Terminology Market witnessed lucrative growth opportunities. Many people fell sick owing to the rapid spread of the virus, and since the symptoms were yet to be discovered, it generated a massive amount of patient data. Hence, the need for medical terminology software observed a significant surge to consistently gather & manage information and provide better therapy & care to patients.

Furthermore, the increasing inclination of the public toward Covid-19 testing, treatments, & the deployment of vaccines also propelled the need for medical terminology software. Besides, various governments of different countries worldwide have been promoting the adoption of this software to ensure continuity in healthcare operations with accurate & rapid updates, i.e., projecting the profitable growth opportunities for the global market in the years to come.

  1. Introduction
    1. Product and Services Definition
    2. Research Process
    3. Assumptions
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Global Medical Terminology Software Market Voice of Customer
    1. Brand Awareness
    2. End User Expectation
    3. Key Factors Impacting Vendor Selection
    4. Key Issues Encountered
    5. Vendor’s Receptiveness to Address Key Customer Issues
    6. Future Requirements
  5. Global Medical Terminology Software Market, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Product and Services
        1. Services
        2. Platforms
      2. By Application
        1. Data Aggregation
        2. Reimbursement
        3. Public Health Surveillance
        4. Data Integration
        5. Decision Support
        6. Clinical Trials
        7. Quality Reporting
        8. Clinical Guidelines
      3. By End User
        1. Healthcare Providers
        2. Healthcare Payers
        3. Healthcare IT Vendors
      4. By Region
        1. North America
        2. Latin America
        3. Europe
        4. Middle East and Africa
        5. Asia-Pacific
      5. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  6. North America Medical Terminology Software Market, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Product and Services
      2. By Application
      3. By End User
      4. By Country
        1. United States
        2. Canada
        3. Mexico
    3. United States Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
    4. Canada Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
    5. Mexico Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
  7. South America Medical Terminology Software Market, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Product and Services
      2. By Application
      3. By End User
      4. By Country
        1. Brazil
        2. Others
    3. Brazil Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
  8. Europe Medical Terminology Software Market, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Product and Services
      2. By Application
      3. By End User
      4. By Country
        1. France
        2. Germany
        3. Italy
        4. United Kingdom
        5. Spain
        6. Others
    3. France Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
    4. Germany Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
    5. Italy Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
    6. United Kingdom Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
    7. Spain Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
  9. Middle East and Africa Medical Terminology Software Market, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Product and Services
      2. By Application
      3. By End User
      4. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Others
    3. UAE Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
    4. Saudi Arabia Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
    5. South Africa Medical Terminology Software Market, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Product and Services
        2. By Application
        3. By End User
  10. Asia-Pacific Medical Terminology Software Market, 2016-2026F
    1. Market Size & Analysis
    2. Market Revenue
    3. Market Share & Analysis
      1.    By Product and Services
      2.    By Application
      3.    By End User
      4.    By Country
        1.  China
        2.  India
        3.  Japan
        4.  Australia
        5.  South Korea
        6.  Others
    4. China Medical Terminology Software Market, 2016-2026F
      1.    Market Size & Analysis
        1.        Market Revenue
      2.    Market Share & Analysis
        1.        By Product and Services
        2.        By Application
        3.        By End User
    5. India Medical Terminology Software Market, 2016-2026F
      1.    Market Size & Analysis
        1.  Market Revenue
      2.    Market Share & Analysis
        1.   By Product and Services
        2.   By Application
        3.   By End User
    6. Japan Medical Terminology Software Market, 2016-2026F
      1.    Market Size & Analysis
        1.   Market Revenue
      2.    Market Share & Analysis
        1.   By Product and Services
        2.   By Application
        3.   By End User
    7. Australia Medical Terminology Software Market, 2016-2026F
      1.      Market Size & Analysis
        1.   Market Revenue
      2.    Market Share & Analysis
        1.    By Product and Services
        2.    By Application
        3.    By End User
    8. South Korea Medical Terminology Software Market, 2016-2026F
      1.      Market Size & Analysis
        1.   Market Revenue
      2.    Market Share & Analysis
        1.   By Product and Services
        2.   By Application
        3.   By End User
  11. Global Medical Terminology Software Market Policies, Regulations, Product and Services Standards
  12. Global Medical Terminology Software Market Trends & Insights
  13. Global Medical Terminology Software Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  14. Global Medical Terminology Software Market Hotspot & Opportunities
  15. Global Medical Terminology Software Market Key Strategic Imperatives for Success & Growth
  16. Global Competition Outlook
    1. Competition Matrix
      1. Product and Services Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target End Users
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. 3M
      2. Clinical Architecture
      3. Apelon
      4. BI Healthcare PTE Ltd
      5. Intelligent Medical Objects, Inc
      6. Wolters Kluwer
      7. Carecom
      8. Bitac
      9. Hivework
      10. BT Clinical Computing
  17. Disclaimer
Global Medical Terminology Software Market Segmentation
*This field is required