July 6, 2016
Medical transcription market to hit USD60.6bn in 2019
Last updated August 30, 2018
The global medical transcription services market is forecast to reach an estimated value of USD60.6bn in 2019, growing at a compounded annual growth rate of 5.6% from 2013. According to the research report released by Transparency Market Research, the market was valued at USD41.4bn in 2012 and is expected to grow at a CAGR of 5.6% until 2019, with the incorporation of automated services in the healthcare sector as the major growth driver. The report indicates that North America held a leading position in the overall medical transcription services market. Asia Pacific is also expected to witness a major breakthrough in the overall medical transcription services market as the economies of countries such as Philippines and India flourish.