Absolutely
Philips and Olympus are the two dictation device makes you most frequently see in office situations in my experience, where professionals use these devices for transcription all day every day. Each manufacturer has a whole digital dictation ecosystem with dedicated transcription pedals and server software (including handling DSS files and all the relevant metadata).
Personally I use a Philips DPM 9600 after the better part of two decades using a genuine Dictaphone (the brand, not the generic title) until it finally died. The thumb move for recording's identical, and I'm too lazy to change.