Research and Markets: The Medical Transcription Market in North America to Reach US$30 Billion By 2014

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/65955f/medical_transcript) has announced the addition of the "Medical Transcription Market in North America 2010-2014" report to their offering.

“Medical Transcription Market in North America 2010-2014”

One of the key factors contributing to this market growth is the need for documentation procedures for insurance and reimbursement purposes. The Medical Transcription market in North America has also been witnessing increasing market consolidation.

However, intense competition could be a challenge to the growth of this market. TechNavio's report, Medical Transcription Market in North America 2010-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on North America and covers hospitals, clinics, and physician groups. The report analyzes the current Medical Transcription market landscape in North America and its growth prospects. It also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market include Nuance Communications Inc., CBay Systems, Transcend Services Inc., and Webmedx.

TechNavio, a market research leader in the area of Healthcare, recently published its report, Medical Transcription Market in North America 2010-2014. The report discusses significant trends in the North America Medical Transcription market. The report is based on an in-depth study of the market with inputs from key industry participants. In addition to profiling key vendors, the report discusses the important drivers, trends, and challenges for the industry.

Commenting on the report, an analyst from TechNavio's Healthcare team said, As a result of the increase in business, medical transcription service organizations (MTSOs) will have to increase their on-site human resources or expand their offshore capacity. As a result of the high costs and human resource constraints in North America, MTSOs with proven offshore capabilities will be in an advantageous position. However, the key challenge is that patients in North America are concerned about the privacy of their health information; because healthcare institutions outsource work to MTSOs, there is a possibility of information leakage.

For more information visit http://www.researchandmarkets.com/research/65955f/medical_transcript