Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*
Medical Terminology Software Market - Global Opportunity Analysis and Industry Forecast, 2020–2027
| A10522 | Pages: NA | Jun 2021 | 61 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Medical Terminology Software Market
Request Now !Medical Terminology Software Market Outlook 2027
Medical terminology is the language used to describe components and processes of the human body, medical procedures, diseases, disorders, and pharmacology. It is the vocabulary that medical professionals use to describe the body, what it does, and the treatments they prescribe. Medical software is any software item or system used within a medical context, such as, standalone software used for diagnostic or therapeutic purposes, software embedded in medical device,and the software that drives a medical device or determines how it is used. It is used as software that acts as an accessory to a medical device, software used in the design, production, and testing of a medical device. Furthermore, the software provides quality control management of a medical device.
Medical Terminology Software Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast unit | Value (USD) |
Segments covered | Application, End User,and Region |
Regionscovered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East &Africa |
Companies covered | Wolters Kluwer, Intelligent Medical Objects, Apelon, Clinical Architecture, 3M, CareCom, Bitac, B2i Healthcare, BT Clinical Computing, and HiveWorx |
COVID-19 scenarioanalysis
Pharmaceutical and biotechnological companies together with governments around the globe are working to combat with the COVID-19 outbreak, from supporting the development of vaccines to schedule for medicines supply chain challenges. Furthermore, there are around 115 vaccine candidates and other 155 molecules that are kept in the R&D pipeline in the coming years. Moreover, commonly used drugs such as hydroxychloroquine have seen huge boost in demand for the management of COVID-19. Increase in demand for drugs has been witnessed, which is likely to offer lucrative opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is anticipated to witness a substantial growth in the next few years.
Top impacting factors:market scenario analysis, trends, drivers, and impact analysis
The major factor affecting the industry includes surge in the focus on minimizing medical errors, government initiatives for healthcare information technology (HCIT) adoption, and disparity &fragmentation in the terminology content of healthcare organizations. In addition, surge in the need to maintain data integrity is aiding the growth of the market. However, reluctance to use terminology solutions over conventional practices isrestraining the growth of the overall market.
Risein number of product launches
Increase has been witnessed in the demand for software,which are able to manage medical terminologies, as the data is humongous and hence the companies are launching products, which are meetingthe current demand. For instance, in March 2018, Clinical Architecture, a software development company focusing on healthcare enterprise content management, announced that it expanded its offerings to include Symedical on fast healthcare interoperability resource(FHIR), a RESTful application programming interface (API) based on the FHIR Terminology Service standard.
The company is excited to make the Symedical product compatible with FHIR, giving clients and partners another way to leverage its platform to provide access to high-quality data.
Surge in number of mergers and acquisitions
Increase in the number of mergers and acquisitions is anticipated toboost the growth of the industryin the coming years. For instance, in June 2018, Tieto and CareCom signed a strategic partnership solving the challenge of semantic interoperability for healthcare IT systems. The agreement is strengthening the cooperation and product offering for CareCom’s terminology platform, HealthTerm.
HealthTerm handles all tasks related to terminologies, code systems, and structured content from creation of new code systems to translation of international code systems or mappings between local code lists and international standards. Together with CareCom, Tieto will offer solutions to one of the healthcare systems big challenges of semantic interoperability and integration.
Key segments covered
Segments | Subsegments |
Application |
|
End Users |
|
Key benefits of the report:
This study presents the analytical depiction of the global medical terminology softwaremarketalong with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global medical terminology softwaremarket share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the medical terminology software market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed medical terminology software market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global medical terminology software market research report:
Which are the leading players active in the global medical terminology softwaremarket?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What are the projections for the future that would help in tasking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Medical Terminology Software Market- Global Opportunity Analysis and Industry Forecast, 2020–2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers