- AI-based medical transcription, which leverages artificial intelligence and natural language processing to convert speech into structured medical records, is becoming an increasingly vital component of modern healthcare documentation across hospitals, clinics, and telemedicine platforms due to its enhanced efficiency, accuracy, and integration with electronic health records (EHR) systems
- The escalating demand for AI-based transcription services is primarily fueled by the growing digitization of healthcare, increasing physician burnout due to administrative tasks, and a rising preference for automation in clinical workflows
- North America dominated the AI-based medical transcription market with the largest revenue share of 41.8% in 2024, characterized by early adoption of health IT, strong government support for digital healthcare, and the presence of key market players offering advanced transcription solutions integrated with EHR platforms
- Asia-Pacific is expected to be the fastest-growing region in the AI-based medical transcription market during the forecast period, driven by increasing investments in healthcare infrastructure, a growing focus on telehealth services, and rising demand for scalable digital health solutions in countries such as India, China, and Japan
- The software segment dominated the largest market revenue share of 61.4% in 2024, driven by the growing demand for intelligent transcription tools that integrate seamlessly with electronic health records (EHRs). These platforms help automate clinical documentation and ensure greater accuracy and speed in medical reporting
