Medical Terminology Software Market

Intelligent Medical Objects (US), Wolters Kluwer (Netherlands), and Clinical Architecture (US) are the Leading Players in the Medical Terminology Software Market

The medical terminology software market is projected to reach USD 1,786 million by 2024 from USD 707 million in 2019, at a CAGR of 20.4% during the forecast period. The growth in this market is driven by factors such as the rising focus on minimizing medical errors, government initiatives for HCIT adoption, and disparity and fragmentation in the terminology content of healthcare organizations. The increasing need to maintain data integrity is expected to provide further growth opportunities for market players in the coming years.

Intelligent Medical Objects (US), Wolters Kluwer (Netherlands), and Clinical Architecture (US) are the major players in this market. These companies mainly focus on product launches, partnerships, and collaborations to strengthen their presence in the medical terminology software market.

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Intelligent Medical Objects is the leading player in the medical terminology software market. Intelligent Medical Objects (IMO) develops, manages, and licenses medical terminology and HCIT software applications that allow clinicians to capture clinical intent at the point-of-care. Intelligent Medical Objects offers an enterprise platform that hosts the company’s dictionaries and services to meet the day-to-day terminology needs of its customers. IMO serves as the foundational platform for healthcare enterprise needs, right from clinical documentation to population health management and the latest in informatics innovation. IMO terminology is used by more than 4,500 hospitals and 500,000 physicians daily. The company’s terminology software is used to capture clinical intent and help preserve and communicate complete patient information across the entire spectrum of care.

Clinical Architecture is a solutions company that offers innovative HCIT solutions focused on the quality and usability of clinical information. Clinical Architecture works with electronic medical record vendors, healthcare providers, payers, content publishers, clinical research, and analytics organizations to deliver solutions that help with clients managing terminology in an efficient way. The company has offices in the US and the UK. Through its Symedical Terminology Management Platform, Clinical Architecture comprehensively addresses industry gaps in information governance, interoperability, content acquisition, decision support, and analytics. The company also offers fully customized APIs and service options from standalone to enterprise systems.

Related Reports:

Medical Terminology Software Market by Application (Data Aggregation, Reimbursement, Decision Support, Clinical Trials), Product & Service (Services and Platforms), End User (Healthcare Provider, Payer, IT Vendor) - Global Forecast to 2024

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Report Code
HIT 6988
RI Published ON
3/19/2019
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