デフォルト表紙
市場調査レポート
商品コード
1479068

医療用語ソフトウェアの世界市場の評価:用途別、製品タイプ別、エンドユーザー別、地域別、機会、予測(2017年~2031年)

Medical Terminology Software Market Assessment, By Application, By Product Type, By End-user, By Region, Opportunities and Forecast, 2017-2031F


出版日
ページ情報
英文 231 Pages
納期
3~5営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.99円
医療用語ソフトウェアの世界市場の評価:用途別、製品タイプ別、エンドユーザー別、地域別、機会、予測(2017年~2031年)
出版日: 2024年05月14日
発行: Market Xcel - Markets and Data
ページ情報: 英文 231 Pages
納期: 3~5営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の医療用語ソフトウェアの市場規模は、2023年の14億8,000万米ドルから2031年に45億7,000万米ドルに達すると予測され、2024年~2031年の予測期間にCAGRで15.13%の成長が見込まれます。市場の成長は、臨床ミスの削減への注目の高まり、病院ITの利用を促進するための各国政府による施策の増加、さまざまな医療部門にわたる相互運用性に対する要求の高まりによって支えられています。

世界のさまざまな地域で医療部門が急速に拡大し、臨床エラーの撲滅に向けた取り組みが活発化していることが、世界の医療用語ソフトウェア市場の需要を押し上げています。Invest Indiaの推計によると、同国の病院部門の売上は2021年に950億米ドルであり、2027年に2,197億米ドルに達すると予測され、CAGRで18.24%の成長が見込まれています。同ソフトウェアは患者の医療情報を包括的かつ標準化された方法で提供するのに役立つため、この成長が医療用語ソフトウェアへの要求を促進し、市場の拡大を支援します。

さまざまな疾患の増加により医療施設の負担が増加しており、業務効率の向上とワークフローの合理化を目的とした医療用語ソフトウェアの採用が加速しています。医療ミスを減らして患者の安全性を向上させるニーズは、世界の医療用語ソフトウェアの主要動向の1つです。医療文書の不正確さによる医療ミスの発生は、患者の健康に深刻な影響を与える可能性があります。医療用語ソフトウェアは、標準的な医療用語をEHRなどの医療ITシステムに統合することで、臨床文書の品質向上を支援します。医療用語やフレーズを事前に調整することで、あいまいさが解消され、臨床記録がより明確になります。医療用語のシームレスな統合とスムーズなデータマッピングは、臨床情報の誤解を減らし、患者の安全性を高めます。

医療部門の拡大が世界の医療用語ソフトウェア市場の成長を支える

世界中のさまざまな地域で医療部門が急速に拡大しているため、患者ケアの質を向上させるために、業務の合理化や臨床エラーの削減に対する要求が高まっています。Cross River Therapyの推計によると、米国食品医薬品局は毎年10万件の投薬ミスの報告を受けています。標準化された命名法が存在しないことが、医療過誤の主な原因の1つです。規制された方法で標準的な患者情報の維持を保証しながら、臨床ミスを減らすことへの注目が高まっているため、予測期間に市場に有利な成長機会がもたらされる見込みです。

さらに、医療費削減への取り組みの高まりは、臨床データを標準化されたフォーマットでシームレスに取り込むことを支援するため、医療用語ソフトウェアへの要求を後押ししています。これにより、請求プロセスや医療コーディングの効率性と正確性が向上します。正確なコーディングと文書化は、最適な診療転帰を保証するために不可欠です。このソフトウェアをワークフローに組み込むことで、請求ミスを減らして収益漏れを最小化することができるため、さまざまな医療施設での利用が促進されています。

医療記録のデジタル化に向けた政府の支援が市場規模を押し上げる

さまざまな政府による、臨床上の意思決定や公衆衛生の向上に向けて医療記録のデジタル化を推進する取り組みの高まりは、市場の成長にプラスの影響を与えています。例えば、National Health Authority of Indiaは、デジタルカルテの作成促進に関与する国内の医療提供者やその他のデジタルエコシステムのステークホルダーにさまざまなインセンティブを提供しています。このような取り組みにより、臨床情報の取得が容易になり、患者の文書化が簡素化されるため、医療用語ソフトウェアの採用が促進される見込みです。ソフトウェアの利用が増えれば、患者のケアに携わるすべての専門家が情報を理解し、同じデータを共有することで、治療や診断の際に起こりがちなミスを防ぐことができます。医療過誤は毎年医療業界に約200億米ドルの損害を与えていることから、医療機関の経済的負担の軽減にもつながります。

当レポートでは、世界の医療用語ソフトウェア市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢と見通しなどを提供しています。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 エグゼクティブサマリー

第4章 世界の医療用語ソフトウェア市場の見通し(2017年~2031年)

  • 市場規模と予測
    • 金額
  • 用途別
    • データ集約
    • 償還
    • 臨床試験
    • データ統合
    • 品質報告
    • 公衆衛生監視
    • 意思決定支援
    • その他
  • 製品タイプ別
    • プラットフォーム
    • サービス
  • エンドユーザー別
    • 医療保険者
    • 医療提供者
    • 医療ITベンダー
    • その他
  • 地域別
    • 北米
    • 南米
    • 欧州
    • アジア太平洋
    • 中東・アフリカ
  • 市場シェア:企業別(2023年)

第5章 世界の医療用語ソフトウェア市場の見通し:地域別(2017年~2031年)

  • 北米
    • 市場規模と予測
    • 用途別
    • 製品タイプ別
    • エンドユーザー別
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • フランス
    • イタリア
    • 英国
    • ロシア
    • オランダ
    • スペイン
    • トルコ
    • ポーランド
  • アジア太平洋
    • インド
    • 中国
    • 日本
    • オーストラリア
    • ベトナム
    • 韓国
    • インドネシア
    • フィリピン
  • 南米
    • ブラジル
    • アルゼンチン
  • 中東・アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • 南アフリカ

第6章 市場マッピング(2023年)

  • 用途別
  • 製品タイプ別
  • エンドユーザー別
  • 地域別

第7章 マクロ環境と産業構造

  • 需給分析
  • 輸入輸出分析
  • バリューチェーン分析
  • PESTEL分析
  • ポーターのファイブフォース分析

第8章 市場力学

  • 成長促進要因
  • 成長抑制要因(課題、抑制要因)

第9章 規制枠組みとイノベーション

  • 特許情勢
  • 規制当局の承認
  • イノベーション/新技術

第10章 主要企業の情勢

  • マーケットリーダー上位5社の競合マトリクス
  • マーケットリーダー上位5社の市場収益分析(2023年)
  • 合併と買収/合弁事業(該当する場合)
  • SWOT分析(市場企業5社)
  • 特許分析(該当する場合)

第11章 価格分析

第12章 ケーススタディ

第13章 主要企業の見通し

  • M Co
  • Wolters Kluwer N.V
  • Apelon, Inc.
  • HiveWorx
  • Carecom Co., Ltd.
  • Stryker Corp
  • Clinical Architecture, LLC
  • Medical Information Technology, Inc.
  • Intelligent Medical Objects, Inc.
  • B2i Healthcare Kft

第14章 戦略的推奨

第15章 当社について、免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1.Global Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 2.Global Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 3.Global Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 4.Global Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 5.Global Medical Terminology Software Market Share (%), By Region, 2017-2031F
  • Figure 6.North America Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 7.North America Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 8.North America Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 9.North America Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 10.North America Medical Terminology Software Market Share (%), By Country, 2017-2031F
  • Figure 11.United States Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 12.United States Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 13.United States Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 14.United States Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 15.Canada Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 16.Canada Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 17.Canada Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 18.Canada Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 19.Mexico Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 20.Mexico Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 21.Mexico Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 22.Mexico Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 23.Europe Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 24.Europe Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 25.Europe Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 26.Europe Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 27.Europe Medical Terminology Software Market Share (%), By Country, 2017-2031F
  • Figure 28.Germany Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 29.Germany Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 30.Germany Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 31.Germany Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 32.France Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 33.France Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 34.France Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 35.France Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 36.Italy Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 37.Italy Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 38.Italy Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 39.Italy Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 40.United Kingdom Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 41.United Kingdom Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 42.United Kingdom Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 43.United Kingdom Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 44.Russia Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 45.Russia Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 46.Russia Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 47.Russia Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 48.Netherlands Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 49.Netherlands Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 50.Netherlands Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 51.Netherlands Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 52.Spain Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 53.Spain Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 54.Spain Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 55.Spain Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 56.Turkey Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 57.Turkey Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 58.Turkey Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 59.Turkey Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 60.Poland Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 61.Poland Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 62.Poland Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 63.Poland Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 64.South America Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 65.South America Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 66.South America Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 67.South America Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 68.South America Medical Terminology Software Market Share (%), By Country, 2017-2031F
  • Figure 69.Brazil Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 70.Brazil Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 71.Brazil Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 72.Brazil Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 73.Argentina Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 74.Argentina Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 75.Argentina Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 76.Argentina Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 77.Asia-Pacific Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 78.Asia-Pacific Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 79.Asia-Pacific Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 80.Asia-Pacific Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 81.Asia-Pacific Medical Terminology Software Market Share (%), By Country, 2017-2031F
  • Figure 82.India Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 83.India Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 84.India Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 85.India Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 86.China Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 87.China Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 88.China Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 89.China Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 90.Japan Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 91.Japan Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 92.Japan Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 93.Japan Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 94.Australia Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 95.Australia Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 96.Australia Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 97.Australia Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 98.Vietnam Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 99.Vietnam Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 100.Vietnam Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 101.Vietnam Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 102.South Korea Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 103.South Korea Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 104.South Korea Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 105.South Korea Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 106.Indonesia Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 107.Indonesia Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 108.Indonesia Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 109.Indonesia Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 110.Philippines Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 111.Philippines Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 112.Philippines Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 113.Philippines Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 114.Middle East & Africa Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 115.Middle East & Africa Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 116.Middle East & Africa Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 117.Middle East & Africa Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 118.Middle East & Africa Medical Terminology Software Market Share (%), By Country, 2017-2031F
  • Figure 119.Saudi Arabia Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 120.Saudi Arabia Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 121.Saudi Arabia Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 122.Saudi Arabia Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 123.UAE Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 124.UAE Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 125.UAE Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 126.UAE Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 127.South Africa Medical Terminology Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 128.South Africa Medical Terminology Software Market Share (%), By Application, 2017-2031F
  • Figure 129.South Africa Medical Terminology Software Market Share (%), By Product Type, 2017-2031F
  • Figure 130.South Africa Medical Terminology Software Market Share (%), By End-user, 2017-2031F
  • Figure 131.By Application Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 132.By Product Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 133.By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 134.By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
目次
Product Code: MX11319

Global medical terminology software market is projected to witness a CAGR of 15.13% during the forecast period 2024-2031F, growing from USD 1.48 billion in 2023 to USD 4.57 billion in 2031F. The growth of the market is supported by increasing emphasis on reducing clinical errors, rise in the number of measures by various governments to boost the hospital IT usage, and the augmenting desire for interoperability among different medical departments.

The rapid expansion of healthcare sector in various regions across the globe and increasing efforts towards the elimination of clinical errors is bolstering the global medical terminology software market demand. According to the estimates of Invest India, the hospital sector in the country was valued at USD 95 billion in 2021 in revenue and is expected to reach the value of USD 219.7 billion by 2027, growing at a CAGR of 18.24%. The growth will propel the requirement for medical terminology software and support the expansion of the market as the software aids in delivering the medical information of the patients in a comprehensive and standardized manner.

The increasing prevalence of various diseases is propelling the burden on healthcare establishments, boosting the adoption of medical terminology software for improving operational efficiency and streamlining workflow. The need for improving patient safety by reducing medical errors is one of the major global medical terminology software market trends. The occurrence of medical errors due to inaccuracies in medical documents can severely impact the health of the patient. Medical terminology software aids in improving the quality of the clinical documents by integrating standard medical terminologies into the healthcare IT systems such as EHRs. Due to pre-coordination of medical terminologies and phrases, ambiguity gets eliminated and clarity of clinical notes is enhanced. The seamless integration of medical vocabulary and smooth data mapping reduces the misinterpretation of clinical information and enhances the safety of the patients.

Expansion of the Healthcare Sector Supports Global Medical Terminology Software Market Growth

Due to the rapid expansion of the healthcare sector in various regions across the globe, requirement for streamlining of operations, and reducing clinical errors is increasing to improve the quality of patient care. According to the estimates of the Cross River Therapy, the United States Food and Drug Administration receives 100,000 reports of medication error every year. The lack of presence of a standardized nomenclature is one of the leading causes of medical errors. Increasing emphasis on reducing clinical errors while ensuring the maintenance of standard patient information in a regulated manner is expected to provide lucrative growth opportunities to the market over the forecast period.

Furthermore, the growing efforts towards reducing healthcare costs is propelling the requirement for medical terminology software as they aid in capturing clinical data in a standardized format in a seamless manner. It in turn enhances the efficiency and accuracy of the billing processes and medical coding. Accurate coding and documentation are imperative for ensuring optimal reimbursements. The incorporation of the software into the workflow aids in minimizing revenue leakages by reducing billing errors, thus boosting the utilization in various healthcare establishments.

Government Support Towards Digitalization of Health Records Boosts the Market Size

The growing efforts by various governments to promote the digitalization of health records for improving clinical decision making and public health is positively influencing the growth of the market. For instance, the National Health Authority of India is providing various incentives to healthcare providers and other stakeholders of the digital ecosystem in the country, which are involved with promoting the creation of digital health records. Such initiatives will bolster the adoption of medical terminology software as they facilitate capturing clinical information and simplify patient documentation. The increased utilization of the software aids in preventing errors that often occur during treatment and diagnosis by ensuring that all the professionals involved with providing care to the patient comprehend the information and are shared the same data, eliminating the risk of mistakes. It in turn reduces the financial burden of various healthcare establishments as medical errors end up causing roughly USD 20 billion to the medical industry each year.

North America Holds Significant Global Medical Terminology Software Market Share

The rapid expansion of the market in the region can be attributed to the rise in spendings in the healthcare sector, increasing requirement for diagnostic device connectivity, growing prevalence of chronic health conditions, and increasing acceptance of technologically advanced devices and solutions. According to the estimates of National Association of Chronic Disease Directors, in 2022 approximately 60% of the adult Americans had at least one chronic disease. The increase is bolstering the requirement for medical terminology software in the region to ensure optimal patient care.

The introduction of favorable assistance programs and government initiatives further supports the expansion of the market in the region. For instance, the Medicare Promoting Interoperability Program encourages eligible hospitals, professionals, and critical access hospitals to implement, demonstrate, upgrade, and adopt meaningful use of certified electronic health record technology.

Reimbursement Expected to Witness Significant Growth Over the Forecast Period

The growth of the reimbursement segment can be attributed to the rise in costs of prescription drugs and growing patient volume. The segment's growth is further driven by a rise in the number of hospitalizations and subsequent submission of claims. According to the estimates of the Center for Disease Control and Prevention, approximately 7.9% of individuals stayed overnight in hospitals in 2022. Smooth medical billing and correct coding are essential for ensuring that the healthcare professionals receive adequate compensation for the provided services.

Furthermore, the growing requirements for enabling enhanced reimbursement outcomes and curtailing healthcare costs are other major factors bolstering the global medical terminology software market demand. Medical terminology solutions are deployed to avoid incorrect data interpretations that often occur due to collecting data related to patient health from diverse sources.

Healthcare Providers Hold a Significant Share of the Market

The rising requirement for medical terminology software by healthcare providers can be attributed to the growing implementation of clinical decision support systems and EHRs in hospitals coupled with growing demand for clinical interface terminologies in the healthcare system. The increase in emphasis on patient safety is further bolstering the demand for medical terminology software among healthcare providers. The utilization of medical terminology software aids in improving patient care as standard terminology ensures the provision of a foundation for interoperability by effectively improving exchange of information. Some of the most common terminology standards utilized in health information and technology include Logical Observation Identifiers Names and Codes (LOINC(R)), Systematized Nomenclature of Medicine--Clinical Terms (SNOMED CT), RadLex, RxNorm, and MEDCIN, among others. Medical terminology software is preferred by healthcare providers as they aid them in improving their operational efficiency and streamline operations.

Future Market Scenario (2024 - 2031F)

According to global medical terminology software market analysis, the expansion of the market over the forecast period will be supported by the increasing efforts towards developing innovative healthcare software and the growing requirements for personalized medical care. The increasing integration of natural language processing capabilities and artificial intelligence will support the enhancement of data normalization and terminology mapping. Such innovations will enhance the capabilities of medical terminology software, boosting the market's growth in the coming years.

Key Players Landscape and Outlook

The major players in the market are 3M Co, Wolters Kluwer N.V, Apelon, Inc., HiveWorx, and Carecom Co., Ltd. The growing development of generative AI tools for clinical documentation and translating medical jargon for patients will positively influence the market's growth. For instance, in July 2023, Amazon Web Services announced the launch of HealthScribe, an AI powered generative clinical documentation tool. The development deepened their commitment towards supporting innovations in the healthcare industry. The introduction of HealthScribe is expected to alleviate the burden of clinical documentation. A single API is used for recognizing key medical terminologies and developing a transcript of the patient-physician encounter, resulting in the generation of a cohesive summary that will be added to the medical record of the patient.

Table of Contents

1.Research Methodology

2.Project Scope & Definitions

3.Executive Summary

4.Global Medical Terminology Software Market Outlook, 2017-2031F

  • 4.1.Market Size & Forecast
    • 4.1.1.By Value
  • 4.2.By Application
    • 4.2.1.Data Aggregation
    • 4.2.2.Reimbursement
    • 4.2.3.Clinical Trails
    • 4.2.4.Data Integration
    • 4.2.5.Quality Reporting
    • 4.2.6.Public Health Surveillance
    • 4.2.7.Decision Support
    • 4.2.8.Others
  • 4.3.By Product Type
    • 4.3.1.Platform
    • 4.3.2.Services
  • 4.4.By End-user
    • 4.4.1.Healthcare Payers
      • 4.4.1.1.Public Payers
      • 4.4.1.2.Private Payers
    • 4.4.2.Healthcare Providers
      • 4.4.2.1.Health Information Exchanges
      • 4.4.2.2.Healthcare Service Providers
    • 4.4.3.Healthcare IT Vendors
    • 4.4.4.Others
  • 4.5.By Region
    • 4.5.1.North America
    • 4.5.2.South America
    • 4.5.3.Europe
    • 4.5.4.Asia-Pacific
    • 4.5.5.Middle East & Africa
  • 4.6.By Company Market Share (%), 2023

5.Global Medical Terminology Software Market Outlook, By Region, 2017-2031F

  • 5.1.North America*
    • 5.1.1.Market Size & Forecast
      • 5.1.1.1.By Value
    • 5.1.2.By Application
      • 5.1.2.1.Data Aggregation
      • 5.1.2.2.Reimbursement
      • 5.1.2.3.Clinical Trails
      • 5.1.2.4.Data Integration
      • 5.1.2.5.Quality Reporting
      • 5.1.2.6.Public Health Surveillance
      • 5.1.2.7.Decision Support
      • 5.1.2.8.Others
    • 5.1.3.By Product Type
      • 5.1.3.1.Platform
      • 5.1.3.2.Services
    • 5.1.4.By End-user
      • 5.1.4.1.Healthcare Payers
        • 5.1.4.1.1.Public Payers
        • 5.1.4.1.2.Private Payers
      • 5.1.4.2.Healthcare Providers
        • 5.1.4.2.1.Health Information Exchanges
        • 5.1.4.2.2.Healthcare Service Providers
      • 5.1.4.3.Healthcare IT Vendors
      • 5.1.4.4.Others
    • 5.1.5.United States*
      • 5.1.5.1.Market Size & Forecast
        • 5.1.5.1.1.By Value
      • 5.1.5.2.By Application
        • 5.1.5.2.1.Data Aggregation
        • 5.1.5.2.2.Reimbursement
        • 5.1.5.2.3.Clinical Trails
        • 5.1.5.2.4.Data Integration
        • 5.1.5.2.5.Quality Reporting
        • 5.1.5.2.6.Public Health Surveillance
        • 5.1.5.2.7.Decision Support
        • 5.1.5.2.8.Others
      • 5.1.5.3.By Product Type
        • 5.1.5.3.1.Platform
        • 5.1.5.3.2.Services
      • 5.1.5.4.By End-user
        • 5.1.5.4.1.Healthcare Payers
          • 5.1.5.4.1.1.Public Payers
          • 5.1.5.4.1.2.Private Payers
        • 5.1.5.4.2.Healthcare Providers
          • 5.1.5.4.2.1.Health Information Exchanges
          • 5.1.5.4.2.2.Healthcare Service Providers
        • 5.1.5.4.3.Healthcare IT Vendors
        • 5.1.5.4.4.Others
    • 5.1.6.Canada
    • 5.1.7.Mexico

All segments will be provided for all regions and countries covered

  • 5.2.Europe
    • 5.2.1.Germany
    • 5.2.2.France
    • 5.2.3.Italy
    • 5.2.4.United Kingdom
    • 5.2.5.Russia
    • 5.2.6.Netherlands
    • 5.2.7.Spain
    • 5.2.8.Turkey
    • 5.2.9.Poland
  • 5.3.Asia-Pacific
    • 5.3.1.India
    • 5.3.2.China
    • 5.3.3.Japan
    • 5.3.4.Australia
    • 5.3.5.Vietnam
    • 5.3.6.South Korea
    • 5.3.7.Indonesia
    • 5.3.8.Philippines
  • 5.4.South America
    • 5.4.1.Brazil
    • 5.4.2.Argentina
  • 5.5.Middle East & Africa
    • 5.5.1.Saudi Arabia
    • 5.5.2.UAE
    • 5.5.3.South Africa

6.Market Mapping, 2023

  • 6.1.By Application
  • 6.2.By Product type
  • 6.3.By End-user
  • 6.4.By Region

7.Macro Environment and Industry Structure

  • 7.1.Supply Demand Analysis
  • 7.2.Import Export Analysis
  • 7.3.Value Chain Analysis
  • 7.4.PESTEL Analysis
    • 7.4.1.Political Factors
    • 7.4.2.Economic System
    • 7.4.3.Social Implications
    • 7.4.4.Technological Advancements
    • 7.4.5.Environmental Impacts
    • 7.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 7.5.Porter's Five Forces Analysis
    • 7.5.1.Supplier Power
    • 7.5.2.Buyer Power
    • 7.5.3.Substitution Threat
    • 7.5.4.Threat from New Entrant
    • 7.5.5.Competitive Rivalry

8.Market Dynamics

  • 8.1.Growth Drivers
  • 8.2.Growth Inhibitors (Challenges and Restraints)

9.Regulatory Framework and Innovation

  • 9.1.Patent Landscape
  • 9.2.Regulatory Approvals
  • 9.3.Innovations/Emerging Technologies

10.Key Players Landscape

  • 10.1.Competition Matrix of Top Five Market Leaders
  • 10.2.Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
  • 10.3.Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 10.4.SWOT Analysis (For Five Market Players)
  • 10.5.Patent Analysis (If Applicable)

11.Pricing Analysis

12.Case Studies

13.Key Players Outlook

  • 13.1.3M Co
    • 13.1.1.Company Details
    • 13.1.2.Key Management Personnel
    • 13.1.3.Products & Services
    • 13.1.4.Financials (As reported)
    • 13.1.5.Key Market Focus & Geographical Presence
    • 13.1.6.Recent Developments
  • 13.2.Wolters Kluwer N.V
  • 13.3.Apelon, Inc.
  • 13.4.HiveWorx
  • 13.5.Carecom Co., Ltd.
  • 13.6.Stryker Corp
  • 13.7.Clinical Architecture, LLC
  • 13.8.Medical Information Technology, Inc.
  • 13.9.Intelligent Medical Objects, Inc.
  • 13.10.B2i Healthcare Kft

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

14.Strategic Recommendations

15.About Us & Disclaimer