Medical Terminology Software Market Research Report - Global Forecast till 2027

Medical Terminology Software Market Research Report, by Product & Service (Services, Platforms), Application (Public Health Surveillance, Data Integration, Clinical Trials), End User (Healthcare Providers, Payers, IT vendors)—Global Forecast till 2027

ID: MRFR/HC/6315-HCR | February 2021 | Region: Global | 160 pages

Medical Terminology Software Market Scenario


The Global Medical Terminology Software Market is projected to grow significantly over the forecast period. It is estimated that the global medical terminology software market is expected to register a CAGR of ~20% during the forecast period of 2018–2023. Medical terminology software are used to standardize patient data and handle the accumulation of large amounts of healthcare data. The software also deals with the rising need to curb medical errors. The rising need to curb medical errors and the increasing demand for the standardization of patient data along with the accumulation of large amounts of healthcare data is expected to drive the growth of the market. Factors such as reluctance to use terminology solutions over conventional practices are limiting the growth of the market. Moreover, major companies in the market are involved in new product launches to strengthen their position in the market.

Medical Terminology Software Market Segmentation


The global medical terminology software market is segmented on the basis of product & service, application, and end user.

The medical terminology software market, by product & service, is categorized into services and platforms.

Based on application, the medical terminology software market is segmented into data aggregation, reimbursement, public health surveillance, data integration, decision support, clinical trials, quality reporting, and clinical guidelines.

On the basis of end user, the market is segmented into healthcare providers, healthcare payers, and healthcare IT vendors. The healthcare providers subcategory is further divided into healthcare service providers and health information exchanges. The healthcare payers subcategory is further divided into private payers and public payers

On the basis of region, the global medical terminology software market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. The medical terminology software market in the Middle East and Africa has been segmented into the Middle East and Africa.

 


Medical Terminology Software Market Key players


Some of the key players in the global medical terminology software market are Wolters Kluwer (Netherlands), 3M (US), Intelligent Medical Objects (US), Apelon (US), Clinical Architecture (US), CareCom (Denmark), Bitac (Spain), B2i Healthcare (Hungary), BT Clinical Computing (Belgium), and HiveWorx (Ireland).

Medical Terminology Software Regional Market Summary

Global Medical Terminology Software Market Share (%), by Region, 2017 Global Medical Terminology Software Market Share, by Region, 2017


Sources: Centers for Disease Control and Prevention (CDC), US Department of Health and Human Services, National Institutes of Health


It is projected that the Americas dominated the global medical terminology software market owing to the growth of the market in the North American region. This is largely attributed to factors such as increasing preference for cloud-based solutions along with the growing trend for semantic interoperability will support market growth in this region. Europe is expected to hold the second largest share in the medical terminology software market owing to the introduction to ICD-11 guidelines, especially in emerging markets.


Asia-Pacific was projected to be the fastest growing region for the global medical terminology software market. This owes to the increasing demand for minimizing medical errors arising due to the incorrect interpretation of patient data in the Asia-Pacific region. The Middle East and Africa holds the least share in the global medical terminology software market due to the presence of economically diverse countries, and fewer initiatives taken by the government.


Global Medical Terminology Software Market, by Product & Service


  • Services

  • Platforms


Global Medical Terminology Software Market, by Application


  • Data Aggregation

  • Reimbursement

  • Public Health Surveillance

  • Data Integration

  • Decision Support

  • Clinical Trials

  • Quality Reporting

  • Clinical Guidelines


Global Medical Terminology Software Market, by End User


  • Healthcare Providers

    • Healthcare Service Providers

    • Health Information Exchanges



  • Healthcare Payers

    • Private Payers

    • Public Payers



  • Healthcare It Vendors

  • Others


Global Medical Terminology Software Market, by Region


  • Americas

    • North America

      • US

      • Canada



    • Latin America



  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe





  • Eastern Europe

  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • The Middle East & Africa

    • Middle East

    • Africa




Global Medical Terminology Software Market, Key Players


  • Wolters Kluwer

  • 3M

  • Intelligent Medical Objects

  • Clinical Architecture

  • Apelon

  • Carecom

  • Bitac

  • B2i Healthcare

  • BT Clinical Computing

  • HiveWorx


Intended Audience



  • Medical device companies

  • Laboratories

  • Government institutions

  • Research and Development (R&D) companies

  • Medical research laboratories



Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Overview

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

Chapter 6. Global Medical Terminology Software Market, by Product & Service

6.1 Overview

6.2 Services

6.3 Platforms

Chapter 7. Global Medical Terminology Software Market, by Application

7.1 Overview

7.2 Data Aggregation

7.3 Reimbursement

7.4 Public Health Surveillance

7.5 Data Integration

7.6 Decision Support

7.7 Clinical Trials

7.8 Quality Reporting

7.9 Clinical Guidelines

Chapter 8. Global Medical Terminology Software Market, by End User

8.1 Overview

8.2 Healthcare Providers

8.2.1 Healthcare Service Providers

8.2.2 Health Information Exchanges

8.3 Healthcare Payers

8.3.1 Private Payers

8.3.2 Public Payers

8.4 Healthcare It Vendors

8.5 Others

Chapter 9. Global Medical Terminology Software Market, by Region

9.1 Introduction

9.2 Americas

9.2.1 North America

9.2.1.1 US

9.2.1.2 Canada

9.2.2 Latin America

9.3 Europe

9.3.1 Western Europe

9.3.1.1 Germany

9.3.1.2 France

9.3.1.3 Italy

9.3.1.4 Spain

9.3.1.5 UK

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia-Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 South Korea

9.4.6 Rest of Asia-Pacific

9.5 Middle East & Africa

9.5.1 Middle East

9.5.2 Africa

Chapter 10. Company Landscape

10.1 Introduction

10.2 Market Share Analysis

Chapter 11. Company Profiles

11.1 Wolters Kluwer

11.1.1 Company Overview

11.1.2 Product Overview

11.1.3 Financials Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.2 3M

11.3 Intelligent Medical Objects

11.4 Clinical Architecture

11.5 Apelon

11.6 Carecom

11.7 Bitac

11.8 B2i Healthcare

11.9 BT Clinical Computing

11.10 HiveWorx

11.11 Others

Chapter 12 Appendix


LIST OF TABLES

TABLE 1 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET SYNOPSIS, 2020–2027

TABLE 2 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET ESTIMATES AND FORECAST, 2020–2027 (USD MILLION)

TABLE 3 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 4 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 5 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 6 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027(USD MILLION)

TABLE 7 NORTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 10 NORTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 11 US: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 12 US: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 13 US: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 14 US: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 15 CANADA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 16 CANADA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 17 CANADA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 18 CANADA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 19 SOUTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 20 SOUTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 21 SOUTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 22 SOUTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 23 EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 24 EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 25 EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 26 EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 27 WESTERN EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 28 WESTERN EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 29 WESTERN EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 30 WESTERN EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 31 EASTERN EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 32 EASTERN EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 33 EASTERN EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 34 EASTERN EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 35 ASIA-PACIFIC: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 36 ASIA-PACIFIC: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 37 ASIA-PACIFIC: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 38 ASIA-PACIFIC: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 39 MIDDLE EAST & AFRICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY PRODUCT & SERVICES, 2020–2027 (USD MILLION)

TABLE 40 MIDDLE EAST & AFRICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 41 MIDDLE EAST & AFRICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 42 MIDDLE EAST & AFRICA: MEDICAL TERMINOLOGY SOFTWARE MARKET, BY REGION, 2020–2027 (USD MILLION)


LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 SEGMENTATION FOR GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET

FIGURE 3 MARKET DYNAMICS FOR GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET

FIGURE 4 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET SHARE, BY PRODUCT & SERVICES, 2020 (%)

FIGURE 5 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET SHARE, BY APPLICATION, 2020 (%)

FIGURE 6 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET SHARE, BY END USER, 2020 (%)

FIGURE 7 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET SHARE, BY REGION, 2020 (%)

FIGURE 8 NORTH AMERICA: MEDICAL TERMINOLOGY SOFTWARE MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 9 EUROPE: MEDICAL TERMINOLOGY SOFTWARE MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 10 ASIA-PACIFIC: MEDICAL TERMINOLOGY SOFTWARE MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 11 MIDDLE EAST & AFRICA: MEDICAL TERMINOLOGY SOFTWARE MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 12 GLOBAL MEDICAL TERMINOLOGY SOFTWARE MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

FIGURE 13 WOLTERS KLUWER: KEY FINANCIALS

FIGURE 14 WOLTERS KLUWER: SEGMENTAL REVENUE

FIGURE 15 WOLTERS KLUWER: GEOGRAPHICAL REVENUE

FIGURE 16 3M: KEY FINANCIALS

FIGURE 17 3M: SEGMENTAL REVENUE

FIGURE 18 3M: GEOGRAPHICAL REVENUE

FIGURE 19 INTELLIGENT MEDICAL OBJECTS: KEY FINANCIALS

FIGURE 20 INTELLIGENT MEDICAL OBJECTS: SEGMENTAL REVENUE

FIGURE 21 INTELLIGENT MEDICAL OBJECTS: GEOGRAPHICAL REVENUE

FIGURE 22 CLINICAL ARCHITECTURE: KEY FINANCIALS

FIGURE 23 CLINICAL ARCHITECTURE: SEGMENTAL REVENUE

FIGURE 24 CLINICAL ARCHITECTURE: GEOGRAPHICAL REVENUE

FIGURE 25 APELON: KEY FINANCIALS

FIGURE 26 APELON: SEGMENTAL REVENUE

FIGURE 27 APELON: GEOGRAPHICAL REVENUE

FIGURE 28 CARECOM: KEY FINANCIALS

FIGURE 29 CARECOM: SEGMENTAL REVENUE

FIGURE 30 CARECOM: GEOGRAPHICAL REVENUE

FIGURE 31 BITAC.: KEY FINANCIALS

FIGURE 32 BITAC.: SEGMENTAL REVENUE

FIGURE 33 BITAC.: GEOGRAPHICAL REVENUE

FIGURE 34 B2I HEALTHCARE: KEY FINANCIALS

FIGURE 35 B2I HEALTHCARE: SEGMENTAL REVENUE

FIGURE 36 B2I HEALTHCARE: GEOGRAPHICAL REVENUE

FIGURE 37 HIVEWORX: KEY FINANCIALS

FIGURE 38 HIVEWORX: SEGMENTAL REVENUE

FIGURE 39 HIVEWORX: GEOGRAPHICAL REVENUE



This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.