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Medical Terminology Software Market size is set to grow by USD 2.75 billion from 2024-2028, Rising focus on minimizing medical errors boost the market, Technavio

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NEW YORK, June 11, 2024 /PRNewswire/ — The global medical terminology software market size is estimated to grow by USD 2.75 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 24%  during the forecast period. Rising focus on minimizing medical errors is driving market growth, with a trend towards growing adoption of HCIT. However, challenges associated with the development of healthcare software  poses a challenge. Key market players include 3M Co., Apelon Inc., B2i Healthcare Pte Ltd, BITAC MAP SL, BT Clinical Computing, Clinical Architecture LLC, Dreamsoft4u, Epic Systems Corp., Henry Schein Inc., HiveWorx, Intelligent Medical Objects Inc., Medaara Healthcare Solutions, Meditab Software Inc., Medocomp Systems Inc., Regenstrief Institute, Rhapsody, SNOMED International, Spellex Corp., West Coast Informatics LLC, and Wolters Kluwer NV.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Medical Terminology Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 24%

Market growth 2024-2028

USD 2755.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

20.16

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 45%

Key countries

US, Canada, UK, China, and Germany

Key companies profiled

3M Co., Apelon Inc., B2i Healthcare Pte Ltd, BITAC MAP SL, BT Clinical Computing, Clinical Architecture LLC, Dreamsoft4u, Epic Systems Corp., Henry Schein Inc., HiveWorx, Intelligent Medical Objects Inc., Medaara Healthcare Solutions, Meditab Software Inc., Medocomp Systems Inc., Regenstrief Institute, Rhapsody, SNOMED International, Spellex Corp., West Coast Informatics LLC, and Wolters Kluwer NV

Market Driver

The healthcare industry’s increasing use of Health Information and Communication Technology (HCIT) is fueling the demand for medical terminology software. HCIT applications, including workflow optimization, revenue management, and patient engagement, require coded data for reimbursement and reporting.

Medical terminology software translates free text into coded data, improving clinical, operational, and financial outcomes. AI in medical imaging enhances diagnoses and personalized treatment recommendations, driving the need for interoperability among healthcare providers, epidemiologists, and physicians. This trend will continue to expand the global medical terminology software market during the forecast period. 

The market for Medical Terminology Software is thriving with advancements. Solutions help healthcare professionals manage and understand complex medical terminology. Recent trends include the integration of artificial intelligence and machine learning for improved accuracy and efficiency. These technologies enable automatic coding and diagnosis, reducing manual errors.

Additionally, cloud-based systems offer accessibility and flexibility for remote work. The market is projected to grow significantly due to the increasing demand for streamlined healthcare processes and regulatory compliance. Overall, Medical Terminology Software is a crucial investment for healthcare organizations seeking to enhance patient care and operational efficiency. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The healthcare software market, including medical terminology software, faces numerous challenges. Regulations for third-party medical devices and software categorization vary by region and country.Compliance with healthcare standards like HL7 FHIR and MedMij requires technical and security audits, which take time. Continuous industry changes, such as new devices and compliance standards, necessitate adaptability from developers. These factors may negatively impact the growth of the medical terminology software market.The Medical Terminology Software market faces several challenges in providing accurate and efficient solutions. Errors in decoding medical terminology can lead to misdiagnosis and incorrect treatment plans. The complexity of medical terminology requires continuous updates and expansions to keep up with new terms and their meanings. Additionally, integrating these software solutions with electronic health records and other healthcare systems can be a significant challenge.Providers need user-friendly interfaces and seamless integration to ensure effective communication between healthcare professionals and accurate patient care. Furthermore, ensuring data security and privacy is crucial in this market. Providers must comply with regulations such as HIPAA and HITECH to protect sensitive patient information. Overall, the Medical Terminology Software market must address these challenges to provide valuable tools for healthcare professionals and improve patient outcomes.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

End-user 1.1 Healthcare providers1.2 Healthcare payers1.3 Healthcare IT vendorsType 2.1 Services2.2 PlatformsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Healthcare providers-  Medical terminology software is a crucial tool for the healthcare providers industry, generating approximately half of the global market revenue in 2023. Hospitals, clinics, doctor offices, long-term care facilities, and rehabilitation centers use this software for accurate clinical documentation, coding, and information sharing. The growing need for managing patient data and adhering to coding guidelines drives the adoption of medical terminology software. Significant investments in health research and development, such as the USD5 billion commitment for ARPA-H in the 2023 US Budget, will further fuel the market growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Medical Terminology Software Market is pivotal for healthcare organizations, enhancing interoperability across departments and enabling effective communication among providers. These solutions minimize medical errors in EHRs, ensuring patient safety. Compliance with government norms and reimbursement is streamlined via data aggregation and integration. Decentralized clinical trials, R&D, and clinical studies benefit from robust decision support systems. Additionally, data quality reporting and public health surveillance improve hospitalizations and claim submissions. Occupational Therapy Software, AI in healthcare, and ICT services in education also advance, optimizing medical billing processes and evolving to meet industry demands.

Market Research Overview

The Medical Terminology Software market, integral to enhancing clinical documentation and coding accuracy, now incorporates advanced solutions such as Occupational Therapy Software and AI in healthcare. These innovations streamline healthcare workflows and improve patient outcomes. Integration with EHRs and billing systems, along with features like spell-check and autocomplete, are standard. The growing adoption of digital health solutions and regulatory demands fuel this market’s expansion. Additionally, the role of Information and Communications Technology Services in Education is crucial, providing the necessary training and support for effective utilization of these technologies in healthcare settings.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userHealthcare ProvidersHealthcare PayersHealthcare IT VendorsTypeServicesPlatformsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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RHEINMETALL AG TO SHOWCASE “INFANTRY SOLDIER OF THE FUTURE – ENHANCED SYSTEM” WITH GETAC TABLET

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Demo Of State-Of-The-Art Robust Computing For Defence & Public Safety At upcoming FEINDEF, Spain & AFCEA, Germany Events

DÜSSELDORF, Germany, May 12, 2025 /PRNewswire/ — Getac Technology Corporation (Getac), one of the world’s leading manufacturers of rugged computing solutions with over 35 years of expertise in the defence sector, presents its latest purpose-built and configurable developments at FEINDEF Event, Spain and AFCEA 2025 Event in Germany:  for the Army, Navy, Air Force as well as Infantry of the future. The Getac innovative, resilient solutions* will be showcased on two partner stands and will be demonstrating stability in difficult tactical operations.

Rheinmetall AG will also be exhibiting the “Infantry Soldier of the Future – Enhanced System (IdZ-ES)”, which includes the Getac tablet and enables the highest possible mobility for special mission requirements.

Getac experts will be available at the Computacenter AG stand in Area Vienna W02 to provide detailed information and answer individual questions. The focus will be on the new B360 Pro notebook: specially developed for the high demands of the defence sector, designed to help military personnel to have secure and reliable control over their systems.

In addition, iesy GmbH, specialist for sophisticated embedded solutions, will be presenting its latest defence docking solution together with the fully rugged Getac F110 tablet in the New York/Geneva S63 hall. This combination once again highlights the versatility and adaptability of Getac products, especially their optimization for use in security-critical environments.

Additional Highlights at the Events: New notebook B360 Pro

The new generation of B360 Pro notebook, specifically designed for the defence industry, combines fully rugged design with innovative technology upgrades. Equipped with the latest Intel® Core™ Ultra Series 2 mobile processors and Intel® AI Boost technology, the future-proof Getac B360 Pro offers efficient and smooth work, boosted by the amazing performance of Edge AI.

The Getac B360 Pro also includes new versatile I/O options, including up to two Thunderbolt™ 4 ports for extremely fast data transfer, hot swappable LifeSupport batteries for uninterrupted work. The device helps maintain strong connectivity, even in challenging and remote environments. Among other things, it offers WiFi 7, which allows up to five times faster data speeds compared to the previous model.

Eric Yeh, Managing Director of Getac Technology GmbH: “Our innovative rugged computing solutions for the defence sector are specially tailored to their specific high requirements. Size, weight and performance of a device are critical in modern military operations. At Getac, these factors, together with reliability and security are at the center of our development. Our goal is to optimize the operational capability of forces in the field while minimizing physical stress and logistical challenges. Thanks to the high level of competence, many years of expertise and the extensive resources of our research and development department, we are ideally placed to provide highly professional integrated computing for defence. The “Infantry Soldier of the Future” project with Rheinmetall AG for the German Military is another great success for us, especially as this is also a recognition of our constant efforts to provide our customers with reliable, high-quality support and meet their expectations.”

*NATO Supply Numbers (NSN) are available for Getac products.

About Getac:

Getac Technology Corporation is a global leader in rugged, AI-enabled mobile technology and intelligent video solutions, including laptops, tablets, software, wearable cameras, automotive video systems, digital evidence management and enterprise video analytics solutions. Getac’s services and solutions are designed to deliver best-in-class experiences for all frontline users in demanding environments. In over 100 countries, Getac currently serves customers in the defense, public safety, emergency services, fire, utility, automotive and process industries, commodities, manufacturing, transportation & logistics. Recently, Getac was recognized by Newsweek as one of the “World’s Most Reliable Companies” for 2024. More information is available at: http://www.getac.com. For more information, visit: http://www.getac.com; on LinkedIn or YouTube; get involved on the Getac Industry Blog.

Getac and the Getac logo are trademarks of Getac Holdings Corporation or its subsidiaries. Other brands or trademarks are the property of their respective owners. ©2025 Getac Technology Corporation.

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Accertify to Highlight Fraud Prevention Strategies at Key European Airline Industry Events

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ITASCA, Ill., May 12, 2025 /PRNewswire/ — Accertify, Inc., a leading provider of fraud prevention, chargeback management, and account protection solutions, today announced its participation at two significant European airline industry events in May, underscoring the company’s ongoing commitment to combating fraud in the airline and travel sectors.

Accertify will be a main sponsor and speaker at the European Airlines Fraud Prevention Group (EAFPG) Convention in Paris, May 13-15. At this invitation-only event, Accertify will lead two critical sessions focused on improving customer payment experiences and addressing the growing challenge of first-party fraud in the travel industry:

“Best Practices for Airlines: Optimizing the Payments Journey” (May 13, 1:15 PM), highlighting strategies to enhance payment acceptance rates without increasing fraud risks.

“The Rise of First-Party Fraud and Abuse within the Travel Industry” (May 14, 9:45 AM), addressing effective solutions for mitigating losses from increasingly common fraudulent behaviors.

Accertify will also participate in the Airline & Travel Payments Summit (ATPS) in Dublin, May 20-21. Catherine Malec, Accertify’s VP/GM EMEA, will participate in a session titled “Top 10 Lessons that Cybersecurity Can Teach Fraud” on May 21 at 2:30 PM. This session will offer actionable insights from cybersecurity practices to strengthen fraud prevention strategies in the airline industry.

“Having protected many of the world’s leading airlines for over 15 years, we understand the unique challenges the airline industry faces—especially when it comes to payment fraud detection and safeguarding loyalty account information,” said Catherine Malec, VP/GM EMEA at Accertify. “Our participation in these upcoming events underscores our commitment to sharing proven, best-in-class strategies for fraud prevention. By collaborating with industry leaders, we aim to strengthen the resilience of the travel ecosystem and uphold the trust of airline customers worldwide.”

For a detailed example of how Accertify helps protect airlines from fraud, please see this case study about their exceptional work with United Airlines.

About Accertify
Accertify, Inc., is a leading provider of fraud prevention, chargeback management, and payment gateway solutions to customers spanning diverse industries worldwide. Accertify’s suite of products and services help eCommerce companies grow their business by driving down the total cost of fraud, simplifying business processes, and ultimately increasing revenue. To learn more about Accertify, visit www.accertify.com.

Contact:
Neal Stein
Technology PR Solutions
Office: (321) 473-7407
nealjstein@techprsolutions.com 

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SOURCE Accertify, Inc.

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AllTrails expands membership offering with AllTrails Peak

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Introducing new features to serve AllTrails members at every level

SAN FRANCISCO, May 12, 2025 /PRNewswire/ — AllTrails, the world’s leading platform for outdoor exploration, today announced the launch of AllTrails Peak, a premium membership tier for trailgoers pursuing the best of the outdoors. Peak equips members with new mapping, planning, and on-trail innovation for more rewarding adventures. With the announcement, AllTrails now offers three levels of membership:

Base, available for free, helps members discover the outdoors with access to trail maps, community reviews, and on-trail navigation for more than 450,000 trails around the world.Plus, available with an annual subscription, allows members to explore offline with downloadable trails, parks, and user-defined areas. Plus also includes wrong-turn alerts, 3D trail previews, and the ability to live share trail activity.Peak, also available with an annual subscription, offers AllTrails’ most advanced features for more customised outdoor experiences, both in planning and while on-trail. The launch of Peak includes AI-powered custom trail routes, new predictive weather capabilities, and more.

“Our members trust us to keep elevating AllTrails so they can make the most of their time outside,” said Ivan Selin, Chief Product Officer at AllTrails. “In building Peak, we developed the most frequently asked-for features from our community, infused them with fun, and powered them with the most advanced technology in the industry. The result is the only app you need for life outside.”

Peak offers all of the features of Base and Plus, and introduces four new or enhanced features:

Custom Routes gives you the ability to build your ideal trail, whether it’s a short circular/loop or a multi-night through-hike. Members can start from scratch, customise existing trails, and use new AllTrails smart-routing, which leverages AI to make a trail shorter, less steep, or “more scenic” with just a tap.

Trail Conditions provides expected condition information along the trail, including temperature, precipitation, and snow depth. Functioning as a weather app within the AllTrails platform, Trail Conditions combines analysis of 15 weather factors with geospatial intelligence and recent reviews. More than 10 million data points power Trail Conditions, which also includes alerts for air quality and mosquito activity. A future update will add terrain and ground conditions showing pavement, gravel, mud, and more.

Community Heatmap allows you to see trail traffic data to find popular trails or quieter hidden gems. Supported by millions of trailgoers’ activities, Community Heatmap gives insights into recent outdoor activity to help members plan an adventure that aligns with their preferences.

Outdoor Lens turns a phone into a trail encyclopedia. Members can explore the world around them by pointing their in-app camera at a tree, flower, and more to instantly identify it and learn more. Each identification is automatically saved to a logbook, making it easy to revisit past discoveries. Outdoor Lens will launch later this summer and expand to include additional identification features in the future.

“The idea for Peak was born on a team hike in Yosemite National Park. It’s no coincidence our new offering is all about helping people have even better adventures,” says Carly Smith, AllTrails’ Chief Marketing Officer. “We’ve been working on it ever since, and after more than a year in the making, we’re excited to put our 2025 Summer Update in the hands of our community.”

AllTrails’ 2025 Summer Update introduces Peak and enhances membership at every level. New to all members as part of Base are Points of Interest, adding more than 500,000 mapped viewpoints, landmarks, and trail amenities to the platform. The Plus feature set expands with Offline Area, the ability to download an entire customised area for offline exploration, complete with a high resolution map and details on each included trail.

Peak will be rolling out to select members in the coming weeks and globally available with the official release of AllTrails’ 2025 Summer Update in June. To learn more about Peak and register for early access to upgrade, visit https://www.alltrails.com/en-gb/update/2025-summer.

About AllTrails:
AllTrails is the world’s most popular and trusted platform for outdoor exploration. We connect people to the outdoors, help them discover new places, and elevate their experiences on the trail. With the most comprehensive collection of trails in the world, AllTrails supports inclusive access to nature for a global community of millions of trailgoers. Download AllTrails in the Apple App Store, Google Play Store or visit AllTrails.com to learn more.

Media Contact
press@alltrails.com

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