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Medical Terminology Software Market Value, Scope & Growth Outlook 2030

  • Writer: Amit Kumar
    Amit Kumar
  • 1 hour ago
  • 4 min read
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The Medical Terminology Software Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.

What will be the market size of Medical Terminology Software market 2030?

The Global Medical Terminology Software Market size was valued at around USD 1.3 billion in 2023 & is estimated to grow at a CAGR of around 17.44% during the forecast period, i.e., 2024-30. The market size of Global Medical Terminology Software is expected to reach USD 4.7 billion by 2030.

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Who are the top companies operating in the Medical Terminology Software market?

The report features prominent companies operating in the Medical Terminology Software market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in Medical Terminology Software market: 3M, Clinical Architecture, Apelon, B2i Healthcare, Intelligent Medical Objects Inc., Wolters Kluwer, Carecom, Bitac, Hivework, BT Clinical Computing, Medicomp Systems, Inc., and others.

What is the key factor projected to fuel growth in the Medical Terminology Software Market between 2024 and 2030?

Increasing Necessity to Reduce Medical Errors to Improve Patient Lives – The market growth is due to the occurrence of medical errors across various hospitals worldwide due to poor handling or mismanagement of patient healthcare data. This directly affects the lives of patients, causing delayed diagnosis, misdiagnosis, patient misidentification, etc. For instance, the World Health Organization stated in 2023 that globally, 1 in every 10 patients is harmed in healthcare, with patient misidentification, diagnostic errors, and others being the sources of patient harm. On average, around 0.8 million Americans are the victims of diagnostic errors every year, and this number is considerably higher in emerging countries. This thereby necessitates the adoption of medical terminology software to organize patient data, minimize medical errors, and store extensive healthcare information, eventually benefiting the patients.

Medical Terminology Software Market - Segmentation Analysis

  • By Product and Services (Services, Platforms),

  • By Application (Data Aggregation, Reimbursement, Public Health Surveillance, Data Integration, Decision Support, Clinical Trials, Quality Reporting, Clinical Guidelines),

  • By End-User (Healthcare Providers, Healthcare Payers, Healthcare IT Vendors, Others (Pharmaceutical Companies, Medical Students, etc.)), and Others 

How does the Medical Terminology Software Market vary across different geography?

By Region

  • North America

  • South America

  • Europe

  • The Middle East & Africa

  • Asia-Pacific

North America is projected to attain the largest share of the Medical Terminology Software Market by 2030.

This Section cover detailed analysis of revenue, market share and growth rate, historical data (2020-23) and forecast (2025-2030) of the following segmentation and geography.

Comprehensive Table of Contents – Medical Terminology Software Market Analysis and Forecast, 2030

  1. Table 1: Introduction

  2. Table 2: Executive Summary

  3. Table 3: Market Regulations, Policies & Standards

  4. Table 4: Medical Terminology Software Market Size, Share & Scope, 2020-2030F

  5. Table 5: Market Trends & Developments

  6. Table 6: Market Dynamics (Key Drivers, and Challenges)

  7. Table 7: Market Hotspots & Opportunities

  8. Table 8: Market Value Chain Analysis

  9. Table 9: Market Outlook, 2020-2030F

  10. Table 10: Market Size & Analysis by Revenues (USD Million): 

  11. Table 11: Market Size & Forecast 2020–2030 by Segmentation

  12. Table 12: Market Size & Forecast 2020–2030 by Geography

  13. Table 13: Key Strategic Imperatives for Success & Growth

  14. Table 14: Competitor Analysis of Medical Terminology Software Companies

Key Benefits for Industry Participants and Stakeholders

  • Insight into emerging market trends and investment opportunities

  • Understanding of regional market dynamics and competitive landscapes

  • Data-driven forecasts to support strategic decision-making

  • Access to industry benchmarks for performance evaluation

  • Identification of potential risks and growth challenges

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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