Medical terminology software market Top Key Players, Industry Outlook

Posted by vinit sawant on April 27th, 2021

Market Highlights

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.

It is estimated that the global medical terminology software market size is expected to register a CAGR ~20% during the forecast period of 2018–2023.

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 provider’s 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

Key players

Some of the key players in the global medical terminology software market are Wolters Kluwer (Netherlands), 3M (US), Intelligent Medical Objects (US), Apelon (US), Clinical Architecture (US), CareCom (Denmark), Bitac (Spain), B2i Healthcare (Hungary), BT Clinical Computing (Belgium), and HiveWorx (Ireland).