TechNavio today launched its report Medical Transcription Market in North America 2011-2015 based on an in-depth study focusing exclusively on North America. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Healthcare team said: ”As the Medical Transcription (MT) market in North America presents several growth opportunities, different vendors in the market are increasingly forming strategic alliances and engaging in mergers and acquisitions to increase their market share. Moreover, by the consolidation of the market, problems such as price wars and the increase in infrastructure costs can be easily handled by the vendors.”
According to the report, the increase in the aging population will provide several opportunities for the MT market in North America. Older people are prone to several diseases because of their body weakening, and they visit healthcare institutions on a regular basis for treatment. Thus, more medical reports will be made, leading to an increase in demand for MT. Moreover, the revenue from MT services is likely to go up with the increase in the aging population. This driver is expected to have a strong impact on the market.
Further, the report discusses that one of the most important challenges in the market is the intense competition among vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/eyiUV
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Healthcare market research, please visit https://www.technavio.com/healthcare
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TechNavio Announces the Publication of its Report – Medical Transcription Market in North America 2011-2015
