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Medical Terminology Software Market

: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Global Medical Terminology Software Market: By Product (Platforms and Services), By Application (Clinical Guidelines, Public Health Surveillance, Quality Reporting, Decision Support, Clinical Trials, Reimbursement, Data Aggregation and Data Integration), By End User (Healthcare IT Vendors, Healthcare Payers, Healthcare Providers and Other End Users) and Geography

 

Medical Terminology Software Global Market

 

This report gives comprehensive outlook on medical terminology software across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on the global medical terminology software market gives historical, current, and future market sizes (US$ Mn) on the basis of product, application, end user and region. This report studies Global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global medical terminology software market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global medical terminology software market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global medical terminology software products.

 

The global medical terminology software market estimated to be valued US$ 1.2 Bn in 2018 and poised to grow at significant CAGR of 19.4% over 2019-2025. Some of the key factors fueling the market growth include government initiatives for HCIT acceptance, rising focus on minimizing medical errors and increasing need to create a consistent and comprehensive data source together with transparency in patient care. However, unwillingness to use terminology software over conventional practices is the major factor hindering the market growth. In addition, high growth in emerging economies provides huge growth opportunity for the market.

 

Rising Focus on Minimizing Medical Errors are fueling the Market Growth

 Many medical errors are preventable. But hospitals continue to have trouble with keeping them from harming patients. Thousands of patients die as a result of medical errors. A recent study in BMJ estimates that the deaths of over 250,000 patients were directly caused by a preventable error that affected their care. To make real progress toward reducing errors and never events, facilities must be committed to making significant changes. Medical terminology software are used to regulate patient data and handle the addition of large amounts of healthcare data. The software also deals with the increasing need to control medical errors. The rising need to limit medical errors and the growing demand for the normalisation of patient data along with the accumulation of large amounts of healthcare data is likely to drive the growth of the market.

 

North America Accounts for Larger Market Revenue Share in Global Medical Terminology Software Market

North America accounted for larger revenue share in global medical terminology software market with considerable CAGR. The growth in this region is due to presence of leading market players in the region, growing demand for accurate data exchange between healthcare providers and payers to streamline workflows and increasing regulatory requirements regarding patient safety. Asia Pacific held substantial market share during estimated period owing to improving healthcare infrastructure, growing medical tourism and rising healthcare insurance coverage in the region. China and India are the major contributors for the growth of the market in the region.

 

Competition Assessment

Key player’s profiles in the market include:

  • 3M
  • Intelligent Medical Objects
  • Clinical Architecture
  • B2i Healthcare
  • Bitac
  • Carecom
  • Apelon
  • BT Clinical Computing
  • HiveWorx
  • Wolters Kluwer

 

Global medical terminology software market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2018, Clinical Architecture (US) launched Symedical on FHIR, its latest in Healthcare Content Management.

 

Key Findings of the Report:

 

  • This market expanding at significant CAGR over 2019 to 2025 due to rising focus on minimizing medical errors
  • Based on product, platforms segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global medical terminology software market

 

Detailed Segmentation

 

By Product     

  • Platforms
  • Services

 

By Application           

  • Clinical Guidelines
  • Public Health Surveillance
  • Quality Reporting
  • Decision Support
  • Clinical Trials
  • Reimbursement
  • Data Aggregation
  • Data Integration

 

By End User  

  • Healthcare IT Vendors
  • Healthcare Payers
  • Healthcare Providers
  • Other End Users            

By Geography

 

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Table of Content

  1. Executive Summary
  2. Global Medical Terminology Software Market Introduction
    • Global Medical Terminology Software Market – Taxonomy
    • Global Medical Terminology Software Market –Definitions
      • Product
      • Application
      • End User
  1. Global Medical Terminology Software Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medical Terminology Software Market Dynamic Factors – Impact Analysis
    • Global Medical Terminology Software Market – Competition Landscape
  2. Global Medical Terminology Software Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Medical Terminology Software Market, By Product, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Platforms
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Services
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Terminology Software Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025
    • Clinical Guidelines
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Public Health Surveillance
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Quality Reporting
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Decision Support
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clinical Trials
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Reimbursement
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Data Aggregation
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Data Integration
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Terminology Software Market Forecast, By End User, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Healthcare IT Vendors
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare Payers
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare Providers
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Other End Users
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Terminology Software Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medical Terminology Software Market – Opportunity Analysis Index, By Product, Application, End User, and Region, 2019 – 2025
  2. North America Medical Terminology Software Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Platforms
      • Services
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Clinical Guidelines
      • Public Health Surveillance
      • Quality Reporting
      • Decision Support
      • Clinical Trials
      • Reimbursement
      • Data Aggregation
      • Data Integration
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Healthcare IT Vendors
      • Healthcare Payers
      • Healthcare Providers
      • Other End Users
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Medical Terminology Software Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2019 – 2025
    • North America Medical Terminology Software Market Dynamics – Trends
  3. Europe Medical Terminology Software Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Platforms
      • Services
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Clinical Guidelines
      • Public Health Surveillance
      • Quality Reporting
      • Decision Support
      • Clinical Trials
      • Reimbursement
      • Data Aggregation
      • Data Integration
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Healthcare IT Vendors
      • Healthcare Payers
      • Healthcare Providers
      • Other End Users
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Medical Terminology Software Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2019 – 2025
    • Europe Medical Terminology Software Market Dynamics – Trends
  4. Asia-Pacific Medical Terminology Software Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Platforms
      • Services
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Clinical Guidelines
      • Public Health Surveillance
      • Quality Reporting
      • Decision Support
      • Clinical Trials
      • Reimbursement
      • Data Aggregation
      • Data Integration
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Healthcare IT Vendors
      • Healthcare Payers
      • Healthcare Providers
      • Other End Users
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Medical Terminology Software Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2019 – 2025
    • Asia-Pacific Medical Terminology Software Market Dynamics – Trends
  5. Latin America Medical Terminology Software Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Platforms
      • Services
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Clinical Guidelines
      • Public Health Surveillance
      • Quality Reporting
      • Decision Support
      • Clinical Trials
      • Reimbursement
      • Data Aggregation
      • Data Integration
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Healthcare IT Vendors
      • Healthcare Payers
      • Healthcare Providers
      • Other End Users
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Medical Terminology Software Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2019 – 2025
    • Latin America Medical Terminology Software Market Dynamics – Trends
  6. Middle East and Africa Medical Terminology Software Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Platforms
      • Services
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Clinical Guidelines
      • Public Health Surveillance
      • Quality Reporting
      • Decision Support
      • Clinical Trials
      • Reimbursement
      • Data Aggregation
      • Data Integration
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Healthcare IT Vendors
      • Healthcare Payers
      • Healthcare Providers
      • Other End Users
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Medical Terminology Software Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2019 – 2025
    • MEA Medical Terminology Software Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • 3M       
      • Intelligent Medical Objects     
      • Clinical Architecture    
      • B2i Healthcare     
      • Bitac       
      • Carecom       
      • Apelon       
      • BT Clinical Computing    
      • HiveWorx      
      • Wolters Kluwer 
  8. Research Methodology
  9. Key Assumptions and Acronyms
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