Medical Terminology Software Market
PUBLISHED: 2019 ID: SMRC18128
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Medical Terminology Software Market

Medical Terminology Software - Global Market Outlook (2017-2026)

4.8 (87 reviews)
4.8 (87 reviews)
Published: 2019 ID: SMRC18128

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Medical Terminology Software market is accounted for $496.75 million in 2017 and is expected to reach $2431.66 million by 2026 growing at a CAGR of 19.3% during the forecast period. The increasing focus on minimizing medical errors and disparity & fragmentation in the terminology content of healthcare organizations are some of the factors for impelling the market growth. Moreover, the reluctance to use terminology software over conventional practices is hindering the market. In addition, growing need to maintain data integrity is providing ample of opportunities.

Medical terminologies provide a powerful instrument to both abstract medical information or to enrich it in order to make it better understandable. The various application areas ofter minology systems have not only led to a variety of such systems, but also to attempts developing and maintaining systems that support a multitude of application purposes.

Based on Application, the quality reporting segment growing owing to rising government initiatives to implement regulations promoting the adoption of quality reporting is a key factor for the growth of this segment. By geography, Asia pacific is accounted for the highest growth due to improving healthcare infrastructure, rising healthcare insurance coverage, and growing medical tourism in the region are influencing the growth of the medical terminology software market in the Asia Pacific. Asian countries such as India, China, Malaysia, and Indonesia are in the early stages of adopting healthcare IT solutions including medical terminology solutions.

Some of the key players profiled in the Medical Terminology Software market include are 3M, Intelligent Medical Objects,  Clinical Architecture, B2i Healthcare, Bitac, Carecom, Apelon, BT Clinical Computing, HiveWorx and Wolters Kluwer.

Products Covered:
• Platforms
• Services
 
Applications Covered:
• Clinical Guidelines
• Public Health Surveillance
• Quality Reporting
• Decision Support
• Clinical Trials
• Reimbursement
• Data Aggregation
• Data Integration

End Users Covered:
• Healthcare It Vendors
• Healthcare Payers
• Healthcare Providers
• Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
    o Comprehensive profiling of additional market players (up to 3)
    o SWOT Analysis of key players (up to 3)
• Regional Segmentation
    o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
    o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Product Analysis     
 3.7 Application Analysis    
 3.8 End User Analysis     
 3.9 Emerging Markets     
 3.10 Futuristic Market Scenario    
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Medical Terminology Software Market, By Product  
 5.1 Introduction     
 5.2 Platforms     
 5.3 Services      
        
6 Global Medical Terminology Software Market, By Application  
 6.1 Introduction      
 6.2 Clinical Guidelines     
 6.3 Public Health Surveillance    
 6.4 Quality Reporting     
 6.5 Decision Support     
 6.6 Clinical Trials     
 6.7 Reimbursement      
 6.8 Data Aggregation     
 6.9 Data Integration     
        
7 Global Medical Terminology Software Market, By End User  
 7.1 Introduction     
 7.2 Healthcare It Vendors    
 7.3 Healthcare Payers     
  7.3.1 Public Payers    
  7.3.2 Private Payers    
 7.4 Healthcare Providers    
  7.4.1 Health Information Exchanges   
  7.4.2 Healthcare Service Providers   
 7.5 Other End Users     
        
8 Global Medical Terminology Software Market, By Geography  
 8.1 Introduction     
 8.2 North America     
  8.2.1 US     
  8.2.2 Canada     
  8.2.3 Mexico      
 8.3 Europe      
  8.3.1 Germany     
  8.3.2 UK     
  8.3.3 Italy     
  8.3.4 France     
  8.3.5 Spain     
  8.3.6 Rest of Europe    
 8.4 Asia Pacific     
  8.4.1 Japan     
  8.4.2 China     
  8.4.3 India     
  8.4.4 Australia     
  8.4.5 New Zealand    
  8.4.6 South Korea    
  8.4.7 Rest of Asia Pacific    
 8.5 South America     
  8.5.1 Argentina    
  8.5.2 Brazil     
  8.5.3 Chile     
  8.5.4 Rest of South America   
 8.6 Middle East & Africa    
  8.6.1 Saudi Arabia    
  8.6.2 UAE     
  8.6.3 Qatar     
  8.6.4 South Africa    
  8.6.5 Rest of Middle East & Africa   
        
9 Key Developments      
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 9.2 Acquisitions & Mergers    
 9.3 New Product Launch    
 9.4 Expansions     
 9.5 Other Key Strategies    
        
10 Company Profiling      
 10.1 3M       
 10.2 Intelligent Medical Objects     
 10.3 Clinical Architecture    
 10.4 B2i Healthcare     
 10.5 Bitac       
 10.6 Carecom       
 10.7 Apelon       
 10.8 BT Clinical Computing    
 10.9 HiveWorx      
 10.10 Wolters Kluwer     


List of Tables       
1 Global Medical Terminology Software Market Outlook, By Region (2016-2026) ($MN)
2 Global Medical Terminology Software Market Outlook, By Product (2016-2026) ($MN)
3 Global Medical Terminology Software Market Outlook, By Platforms(2016-2026) ($MN)
4 Global Medical Terminology Software Market Outlook, By Services(2016-2026) ($MN)
5 Global Medical Terminology Software Market Outlook, By Application(2016-2026) ($MN)
6 Global Medical Terminology Software Market Outlook, By Clinical Guidelines(2016-2026) ($MN)
7 Global Medical Terminology Software Market Outlook, By Public Health Surveillance(2016-2026) ($MN)
8 Global Medical Terminology Software Market Outlook, By Quality Reporting(2016-2026) ($MN)
9 Global Medical Terminology Software Market Outlook, By Decision Support(2016-2026) ($MN)
10 Global Medical Terminology Software Market Outlook, By Clinical Trials(2016-2026) ($MN)
11 Global Medical Terminology Software Market Outlook, By Reimbursement (2016-2026) ($MN)
12 Global Medical Terminology Software Market Outlook, By Data Aggregation(2016-2026) ($MN)
13 Global Medical Terminology Software Market Outlook, By Data Integration(2016-2026) ($MN)
14 Global Medical Terminology Software Market Outlook, By End User(2016-2026) ($MN)
15 Global Medical Terminology Software Market Outlook, By Healthcare It Vendors(2016-2026) ($MN)
16 Global Medical Terminology Software Market Outlook, By Healthcare Payers(2016-2026) ($MN)
17 Global Medical Terminology Software Market Outlook, By Public Payers(2016-2026) ($MN)
18 Global Medical Terminology Software Market Outlook, By Private Payers(2016-2026) ($MN)
19 Global Medical Terminology Software Market Outlook, By Healthcare Providers(2016-2026) ($MN)
20 Global Medical Terminology Software Market Outlook, By Health Information Exchanges(2016-2026) ($MN)
21 Global Medical Terminology Software Market Outlook, By Healthcare Service Providers(2016-2026) ($MN)
22 Global Medical Terminology Software Market Outlook, By Other End Users(2016-2026) ($MN)
23 North America Medical Terminology Software Market Outlook, By Country (2016-2026) ($MN)
24 North America Medical Terminology Software Market Outlook, By Product(2016-2026) ($MN)
25 North America Medical Terminology Software Market Outlook, By Platforms(2016-2026) ($MN)
26 North America Medical Terminology Software Market Outlook, By Services(2016-2026) ($MN)
27 North America Medical Terminology Software Market Outlook, By Application(2016-2026) ($MN)
28 North America Medical Terminology Software Market Outlook, By Clinical Guidelines(2016-2026) ($MN)
29 North America Medical Terminology Software Market Outlook, By Public Health Surveillance(2016-2026) ($MN)
30 North America Medical Terminology Software Market Outlook, By Quality Reporting(2016-2026) ($MN)
31 North America Medical Terminology Software Market Outlook, By Decision Support(2016-2026) ($MN)
32 North America Medical Terminology Software Market Outlook, By Clinical Trials(2016-2026) ($MN)
33 North America Medical Terminology Software Market Outlook, By Reimbursement (2016-2026) ($MN)
34 North America Medical Terminology Software Market Outlook, By Data Aggregation(2016-2026) ($MN)
35 North America Medical Terminology Software Market Outlook, By Data Integration(2016-2026) ($MN)
36 North America Medical Terminology Software Market Outlook, By End User(2016-2026) ($MN)
37 North America Medical Terminology Software Market Outlook, By Healthcare It Vendors(2016-2026) ($MN)
38 North America Medical Terminology Software Market Outlook, By Healthcare Payers(2016-2026) ($MN)
39 North America Medical Terminology Software Market Outlook, By Public Payers(2016-2026) ($MN)
40 North America Medical Terminology Software Market Outlook, By Private Payers(2016-2026) ($MN)
41 North America Medical Terminology Software Market Outlook, By Healthcare Providers(2016-2026) ($MN)
42 North America Medical Terminology Software Market Outlook, By Health Information Exchanges(2016-2026) ($MN)
43 North America Medical Terminology Software Market Outlook, By Healthcare Service Providers(2016-2026) ($MN)
44 North America Medical Terminology Software Market Outlook, By Other End Users(2016-2026) ($MN)
45 Europe Medical Terminology Software Market Outlook, By Country (2016-2026) ($MN)
46 Europe Medical Terminology Software Market Outlook, By Data Integration(2016-2026) ($MN)
47 Europe Medical Terminology Software Market Outlook, By Product(2016-2026) ($MN)
48 Europe Medical Terminology Software Market Outlook, By Platforms(2016-2026) ($MN)
49 Europe Medical Terminology Software Market Outlook, By Application(2016-2026) ($MN)
50 Europe Medical Terminology Software Market Outlook, By Clinical Guidelines(2016-2026) ($MN)
51 Europe Medical Terminology Software Market Outlook, By Public Health Surveillance(2016-2026) ($MN)
52 Europe Medical Terminology Software Market Outlook, By Quality Reporting(2016-2026) ($MN)
53 Europe Medical Terminology Software Market Outlook, By Decision Support(2016-2026) ($MN)
54 Europe Medical Terminology Software Market Outlook, By Clinical Trials(2016-2026) ($MN)
55 Europe Medical Terminology Software Market Outlook, By Reimbursement (2016-2026) ($MN)
56 Europe Medical Terminology Software Market Outlook, By Data Aggregation(2016-2026) ($MN)
57 Europe Medical Terminology Software Market Outlook, By Services(2016-2026) ($MN)
58 Europe Medical Terminology Software Market Outlook, By End User(2016-2026) ($MN)
59 Europe Medical Terminology Software Market Outlook, By Healthcare It Vendors(2016-2026) ($MN)
60 Europe Medical Terminology Software Market Outlook, By Healthcare Payers(2016-2026) ($MN)
61 Europe Medical Terminology Software Market Outlook, By Public Payers(2016-2026) ($MN)
62 Europe Medical Terminology Software Market Outlook, By Private Payers(2016-2026) ($MN)
63 Europe Medical Terminology Software Market Outlook, By Healthcare Providers(2016-2026) ($MN)
64 Europe Medical Terminology Software Market Outlook, By Health Information Exchanges(2016-2026) ($MN)
65 Europe Medical Terminology Software Market Outlook, By Healthcare Service Providers(2016-2026) ($MN)
66 Europe Medical Terminology Software Market Outlook, By Other End Users(2016-2026) ($MN)
67 Asia Pacific Medical Terminology Software Market Outlook, By Country (2016-2026) ($MN)
68 Asia Pacific Medical Terminology Software Market Outlook, By Product(2016-2026) ($MN)
69 Asia Pacific Medical Terminology Software Market Outlook, By Platforms(2016-2026) ($MN)
70 Asia Pacific Medical Terminology Software Market Outlook, By Services(2016-2026) ($MN)
71 Asia Pacific Medical Terminology Software Market Outlook, By Application(2016-2026) ($MN)
72 Asia Pacific Medical Terminology Software Market Outlook, By Clinical Guidelines(2016-2026) ($MN)
73 Asia Pacific Medical Terminology Software Market Outlook, By Public Health Surveillance(2016-2026) ($MN)
74 Asia Pacific Medical Terminology Software Market Outlook, By Quality Reporting(2016-2026) ($MN)
75 Asia Pacific Medical Terminology Software Market Outlook, By Decision Support(2016-2026) ($MN)
76 Asia Pacific Medical Terminology Software Market Outlook, By Clinical Trials(2016-2026) ($MN)
77 Asia Pacific Medical Terminology Software Market Outlook, By Reimbursement (2016-2026) ($MN)
78 Asia Pacific Medical Terminology Software Market Outlook, By Data Aggregation(2016-2026) ($MN)
79 Asia Pacific Medical Terminology Software Market Outlook, By Data Integration(2016-2026) ($MN)
80 Asia Pacific Medical Terminology Software Market Outlook, By End User(2016-2026) ($MN)
81 Asia Pacific Medical Terminology Software Market Outlook, By Healthcare It Vendors(2016-2026) ($MN)
82 Asia Pacific Medical Terminology Software Market Outlook, By Healthcare Payers(2016-2026) ($MN)
83 Asia Pacific Medical Terminology Software Market Outlook, By Public Payers(2016-2026) ($MN)
84 Asia Pacific Medical Terminology Software Market Outlook, By Private Payers(2016-2026) ($MN)
85 Asia Pacific Medical Terminology Software Market Outlook, By Healthcare Providers(2016-2026) ($MN)
86 Asia Pacific Medical Terminology Software Market Outlook, By Health Information Exchanges(2016-2026) ($MN)
87 Asia Pacific Medical Terminology Software Market Outlook, By Healthcare Service Providers(2016-2026) ($MN)
88 Asia Pacific Medical Terminology Software Market Outlook, By Other End Users(2016-2026) ($MN)
89  South America Medical Terminology Software Market Outlook, By Country (2016-2026) ($MN)
90  South America Medical Terminology Software Market Outlook, By Product (2016-2026) ($MN)
91  South America Medical Terminology Software Market Outlook, By Platforms(2016-2026) ($MN)
92  South America Medical Terminology Software Market Outlook, By Services(2016-2026) ($MN)
93  South America Medical Terminology Software Market Outlook, By Application(2016-2026) ($MN)
94  South America Medical Terminology Software Market Outlook, By Clinical Guidelines(2016-2026) ($MN)
95  South America Medical Terminology Software Market Outlook, By Public Health Surveillance(2016-2026) ($MN)
96  South America Medical Terminology Software Market Outlook, By Quality Reporting(2016-2026) ($MN)
97  South America Medical Terminology Software Market Outlook, By Decision Support(2016-2026) ($MN)
98  South America Medical Terminology Software Market Outlook, By Clinical Trials(2016-2026) ($MN)
99  South America Medical Terminology Software Market Outlook, By Reimbursement (2016-2026) ($MN)
100  South America Medical Terminology Software Market Outlook, By Data Aggregation(2016-2026) ($MN)
101  South America Medical Terminology Software Market Outlook, By Data Integration(2016-2026) ($MN)
102  South America Medical Terminology Software Market Outlook, By End User(2016-2026) ($MN)
103  South America Medical Terminology Software Market Outlook, By Healthcare It Vendors(2016-2026) ($MN)
104  South America Medical Terminology Software Market Outlook, By Healthcare Payers(2016-2026) ($MN)
105  South America Medical Terminology Software Market Outlook, By Public Payers(2016-2026) ($MN)
106  South America Medical Terminology Software Market Outlook, By Private Payers(2016-2026) ($MN)
107  South America Medical Terminology Software Market Outlook, By Healthcare Providers(2016-2026) ($MN)
108  South America Medical Terminology Software Market Outlook, By Health Information Exchanges(2016-2026) ($MN)
109  South America Medical Terminology Software Market Outlook, By Healthcare Service Providers(2016-2026) ($MN)
110  South America Medical Terminology Software Market Outlook, By Other End Users(2016-2026) ($MN)
111 Miiddle East & Africa Medical Terminology Software Market Outlook, By Country (2016-2026) ($MN)
112 Miiddle East & Africa Medical Terminology Software Market Outlook, By Product(2016-2026) ($MN)
113 Miiddle East & Africa Medical Terminology Software Market Outlook, By Platforms(2016-2026) ($MN)
114 Miiddle East & Africa Medical Terminology Software Market Outlook, By Services(2016-2026) ($MN)
115 Miiddle East & Africa Medical Terminology Software Market Outlook, By Application(2016-2026) ($MN)
116 Miiddle East & Africa Medical Terminology Software Market Outlook, By Clinical Guidelines(2016-2026) ($MN)
117 Miiddle East & Africa Medical Terminology Software Market Outlook, By Public Health Surveillance(2016-2026) ($MN)
118 Miiddle East & Africa Medical Terminology Software Market Outlook, By Quality Reporting(2016-2026) ($MN)
119 Miiddle East & Africa Medical Terminology Software Market Outlook, By Decision Support(2016-2026) ($MN)
120 Miiddle East & Africa Medical Terminology Software Market Outlook, By Clinical Trials(2016-2026) ($MN)
121 Miiddle East & Africa Medical Terminology Software Market Outlook, By Reimbursement (2016-2026) ($MN)
122 Miiddle East & Africa Medical Terminology Software Market Outlook, By Data Aggregation(2016-2026) ($MN)
123 Miiddle East & Africa Medical Terminology Software Market Outlook, By Data Integration(2016-2026) ($MN)
124 Miiddle East & Africa Medical Terminology Software Market Outlook, By End User(2016-2026) ($MN)
125 Miiddle East & Africa Medical Terminology Software Market Outlook, By Healthcare It Vendors(2016-2026) ($MN)
126 Miiddle East & Africa Medical Terminology Software Market Outlook, By Healthcare Payers(2016-2026) ($MN)
127 Miiddle East & Africa Medical Terminology Software Market Outlook, By Public Payers(2016-2026) ($MN)
128 Miiddle East & Africa Medical Terminology Software Market Outlook, By Private Payers(2016-2026) ($MN)
129 Miiddle East & Africa Medical Terminology Software Market Outlook, By Healthcare Providers(2016-2026) ($MN)
130 Miiddle East & Africa Medical Terminology Software Market Outlook, By Health Information Exchanges(2016-2026) ($MN)
131 Miiddle East & Africa Medical Terminology Software Market Outlook, By Healthcare Service Providers(2016-2026) ($MN)
132 Miiddle East & Africa Medical Terminology Software Market Outlook, By Other End Users(2016-2026) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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