Medical Transcription Software Key Players and Market Trends Analysis

Top Innovators in the Medical Transcription Software Market

• Microsoft Nuance
• 3M | M*Modal
• Dolbey
• nVoq
• T-Pro
• Suki AI
• DeepScribe
• Augmedix
• Robin Healthcare
• Notable
•  iMedX
• Aquity Solutions
• ZyDoc
• Arrendale
• InfraWare
• Voicebrook
• M*Modal
• NextGen
• athenahealth
• eClinicalWorks

Market Growth

The global medical transcription software market size is estimated at US$ 2.59 billion in 2024, is projected to grow to US$ 3.01 billion in 2025, and is expected to reach around US$ 11.36 billion by 2034. The market is projected to expand at a CAGR of 16.34% between 2025 and 2034.

Medical Transcription Software Market Trends

• Increasing government adoption of advanced healthcare technology and software drives the growth of the market.

For instance,

• In August 2025, the National Health Authority and C-DAC signed an MoU to roll out a light HMIS for the Digitization of Small and Medium Healthcare Providers. eSushrut@Clinic is a simplified digital platform designed for small clinics to manage patient care, records, and telemedicine, featuring integrated ABDM tools. With CDAC’s collaboration, expect e-Sushrut@Clinic to enable and cater to tens of thousands of physicians and facility managers nationwide- improving efficiency, data security, and patient satisfaction, Union Health Secretary.
• The medical care sector is experiencing a digital transformation, driven by government initiatives, policy reforms, and technological development, which drives the growth of the market.

For Instance,

• In August 2025, IndiaAI Independent Business Division (IBD), in collaboration with the National Cancer Grid (NCG), announced the launch of the Cancer AI & Technology Challenge (CATCH) Grant Program. This initiative seeks to support the development and deployment of innovative Artificial Intelligence (AI) solutions to strengthen cancer screening, diagnostics, treatment support, and healthcare operations across India.

Latest Announcements by Industry Leaders

In March 2025, Frederik Brabant, MD, Chief Medical Strategy Officer at Corti, stated, “Radiologists require extreme precision in highly technical language while dictating notes. Our specialized dictation technology meets these unique needs, enabling faster, more accurate reporting while reducing cognitive load - and the real-time component is crucial, as radiologists need to follow the cursor while dictating to maintain their train of thought.”

Recent Developments in the Medical Transcription Software Market

• In February 2025, IKS Health, a global leader in technology-enabled healthcare solutions, announced that it had been recognized by KLAS Research as the 2025 Best in KLAS provider for Medical Transcription Services. This marks the 7th consecutive year that IKS Health’s Scribble Transcribe has earned this prestigious honor.
• In February 2025, IKS Health, a global leader in care enablement solutions, proudly announces the launch of Scribble Now, the latest addition to the IKS Health Scribble Suite, at ViVE 2025. This real-time documentation solution completes the industry’s most comprehensive AI clinical documentation suite, empowering clinicians to create accurate notes during patient encounters while focusing on delivering exceptional care.

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