Global Medical Terminology Software Market to Reach $7.5 Billion by 2030
The global market for Medical Terminology Software estimated at US$2.1 Billion in the year 2023, is expected to reach US$7.5 Billion by 2030, growing at a CAGR of 19.8% over the period 2023-2030. Medical Terminology Services, one of the segments analyzed in the report, is expected to record 20.4% CAGR and reach US$5.4 Billion by the end of the analysis period. Growth in the Medical Terminology Platform segment is estimated at 18.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $535 Million, While China is Forecast to Grow at 25.3% CAGR
The Medical Terminology Software market in the U.S. is estimated at US$535 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 25.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.6% and 16.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15% CAGR.
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