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Global Medical Terminology Software Market Size study, by Product & Services (Services, Platform), by Application (Data Aggregation, Reimbursement, Public Health Surveillance, Data Integration, Clinical Trials, Others), by End-User (Healthcare Providers, Healthcare Payers, Healthcare IT Vendors, Others) and Regional Forecasts 2020-2026

  • BIZ3848354
  • 200 Pages
  • May 2020
  • Healthcare
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Global Medical Terminology Software Market is valued approximately USD 707 million in 2019 and is anticipated to grow with a healthy growth rate of more than 20.5% over the forecast period 2020-2026. Medical terminology can be referred as a language which is used to accurately describe the human body structure including its processes, components, provisions concerning it, and procedures operated upon it. Medical terminology is used in the area of medicine and its software is utilized to help the bridging of gap among the clinical terminology and general language. Medical terminology software is used to regulate patient data and manage the collection of large amounts of healthcare data. The software also deals with the rising need to curb medical errors. Thus, rising focus on reducing medical errors & fraud, increasing government initiatives for HCIT (Healthcare Information Technology) adoption and increasing demand for the standardization of patient data are the few factors responsible for high CAGR of the market over the forecast period. According to the survey of the National Health Care Anti-Fraud Association, in 2015 there is 25% increment worldwide in healthcare errors & frauds as compared to 6.9% total since, 2008 and it is expected to reach nearly 52% in 2018. Also, in the United States, the Federal Bureau of Investigation estimated that 3% to 10% of healthcare billings are illegal with the annual expenditure on healthcare each year. This, in turn, is expected to accelerate the demand for Medical Terminology Software, thus contributing to the growth of the global market. However, reluctance to use terminology solutions over conventional practices is one of the prime factors expected to hamper the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Medical Terminology Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising adoption of HCIT technologies, increasing regulatory requirements associated to patient safety and the presence of significant number of market players in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the rise in demand for reducing medical errors because of the incorrect interpretation of patient data in the countries like China and India.

Major market player included in this report are:

Wolters Kluwer

3M

Intelligent Medical Objects

Clinical Architecture

Apelon

Carecom

Bitac

B2i Healthcare

BT Clinical Computing

HiveWorx

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product & Services:

Services

Platform

By Application:

Data Aggregation

Reimbursement

Public Health Surveillance

Data Integration

Clinical Trials

Others

By End-User:

Healthcare Providers

Healthcare Payers

Healthcare IT Vendors

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018

Base year – 2019

Forecast period – 2020 to 2026

Target Audience of the Global Medical Terminology Software Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

TABLE OF CONTENTS

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Million)

1.2.1. Medical Terminology Software Market, by Region, 2018-2026 (USD Million)

1.2.2. Medical Terminology Software Market, by Product & Services, 2018-2026 (USD Million)

1.2.3. Medical Terminology Software Market, by Application, 2018-2026 (USD Million)

1.2.4. Medical Terminology Software Market, by End-User, 2018-2026 (USD Million)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Medical Terminology Software Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Medical Terminology Software Market Dynamics

3.1. Medical Terminology Software Market Impact Analysis (2018-2026)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global Medical Terminology Software Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Medical Terminology Software Market, by Product & Services

5.1. Market Snapshot

5.2. Global Medical Terminology Software Market by Product & Services, Performance - Potential Analysis

5.3. Global Medical Terminology Software Market Estimates & Forecasts by Product & Services 2016-2026 (USD Million)

5.4. Medical Terminology Software Market, Sub Segment Analysis

5.4.1. Services

5.4.2. Platform

Chapter 6. Global Medical Terminology Software Market, by Application

6.1. Market Snapshot

6.2. Global Medical Terminology Software Market by Application, Performance - Potential Analysis

6.3. Global Medical Terminology Software Market Estimates & Forecasts by Application 2016-2026 (USD Million)

6.4. Medical Terminology Software Market, Sub Segment Analysis

6.4.1. Data Aggregation

6.4.2. Reimbursement

6.4.3. Public Health Surveillance

6.4.4. Data Integration

6.4.5. Clinical Trials

6.4.6. Others

Chapter 7. Global Medical Terminology Software Market, by End-User

7.1. Market Snapshot

7.2. Global Medical Terminology Software Market by End-User, Performance - Potential Analysis

7.3. Global Medical Terminology Software Market Estimates & Forecasts by End-User 2016-2026 (USD Million)

7.4. Medical Terminology Software Market, Sub Segment Analysis

7.4.1. Healthcare Providers

7.4.2. Healthcare Payers

7.4.3. Healthcare IT Vendors

7.4.4. Others

Chapter 8. Global Medical Terminology Software Market, Regional Analysis

8.1. Medical Terminology Software Market, Regional Market Snapshot

8.2. North America Medical Terminology Software Market

8.2.1. U.S. Medical Terminology Software Market

8.2.1.1. Product & Services breakdown estimates & forecasts, 2016-2026

8.2.1.2. Application breakdown estimates & forecasts, 2016-2026

8.2.1.3. End-User breakdown estimates & forecasts, 2016-2026

8.2.2. Canada Medical Terminology Software Market

8.3. Europe Medical Terminology Software Market Snapshot

8.3.1. U.K. Medical Terminology Software Market

8.3.2. Germany Medical Terminology Software Market

8.3.3. Rest of Europe Medical Terminology Software Market

8.4. Asia-Pacific Medical Terminology Software Market Snapshot

8.4.1. China Medical Terminology Software Market

8.4.2. India Medical Terminology Software Market

8.4.3. Japan Medical Terminology Software Market

8.4.4. Rest of Asia Pacific Medical Terminology Software Market

8.5. Latin America Medical Terminology Software Market Snapshot

8.5.1. Brazil Medical Terminology Software Market

8.5.2. Mexico Medical Terminology Software Market

8.6. Rest of The World Medical Terminology Software Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Wolters Kluwer

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. 3M

9.2.3. Intelligent Medical Objects

9.2.4. Clinical Architecture

9.2.5. Apelon

9.2.6. Carecom

9.2.7. Bitac

9.2.8. B2i Healthcare

9.2.9. BT Clinical Computing

9.2.10. HiveWorx

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET

TABLE 2. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET

TABLE 3. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET, REPORT SCOPE

TABLE 4. YEARS CONSIDERED FOR THE STUDY

TABLE 5. EXCHANGE RATES CONSIDERED

TABLE 6. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY REGION 2016-2026 (USD MILLION)

TABLE 7. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY PRODUCT & SERVICES 2016-2026 (USD MILLION)

TABLE 8. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY APPLICATION 2016-2026 (USD MILLION)

TABLE 9. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY END-USER 2016-2026 (USD MILLION)

TABLE 10. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 11. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 12. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 13. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 14. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 15. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 16. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 17. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 18. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 19. GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 20. U.S. MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 21. U.S. MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 22. U.S. MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 23. CANADA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 24. CANADA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 25. CANADA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 26. UK MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 27. UK MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 28. UK MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 29. GERMANY MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 30. GERMANY MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 31. GERMANY MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 32. ROE MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 33. ROE MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 34. ROE MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 35. CHINA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 36. CHINA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 37. CHINA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 38. INDIA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 39. INDIA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 40. INDIA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 41. JAPAN MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 42. JAPAN MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 43. JAPAN MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 44. ROAPAC MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 45. ROAPAC MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 46. ROAPAC MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 47. BRAZIL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 48. BRAZIL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 49. BRAZIL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 50. MEXICO MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 51. MEXICO MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 52. MEXICO MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 53. ROLA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 54. ROLA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 55. ROLA MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 56. ROW MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD MILLION)

TABLE 57. ROW MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

TABLE 58. ROW MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD MILLION)

 
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