Global Medical Coding Market : Industry Analysis and Forecast (2020-2026) By Classification System, End-Users and Region

Global Medical Coding Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 10.11% during a forecast period.

Global Medical Coding Market Overview:

Medical coding is an administrative process to transform medical records documents such as laboratory, healthcare diagnosis, medical services, into universal medical alphanumeric codes. Medical coding professionals help to ensure that the codes are applied correctly during the medical billing process, which includes abstracting the information from documentation, assigning the appropriate codes, and creating a claim to be paid by insurance carriers.

Global Medical Coding Market Dynamics:

Technological advances in the medical field and increasing usage of computer-aided coding systems (CACS) are the major factors driving the market. Rising adoption of technologies, such as artificial intelligence, natural language processing (NLP) and Internet of Medical Things (IoMT) raise the demand for CACS in healthcare sector.It offers numerous advantages over manual coding, including higher coding productivity and efficiency, and consistent implementation of coding rules. In addition to this, rising incidences of insurance fraud in healthcare sector is playing major role in propelling medical coding market. This situation is resulting in the incursion of excessive financial losses, which amount to billions of dollars every year, as estimated by the National Heath Care Anti-Fraud Association (NHCAA). The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology is analyzed.

Global Medical Coding Market Segment Analysis:

The global Medical Coding Market is segmented on the basis of classification system and end-users. Based on Classification System, the International Classification of Diseases (ICD) is expected to dominate the market as it held a share of XX% in 2019.It has 55,000 codes for classifying diseases, disorders, deaths, and injuries. The need for ICD is increasing across the world, owing to a growing prevalence of diseases. According to WHO, cardiovascular disorders is the most prevailing cause of death worldwide. Global Medical Coding Market To Know About The Research Methodology :- Request Free Sample Report

Global Medical Coding Market Regional Insights:

Regional Insights North America is expected to hold larger market share during the forecast period. Technological advancements in the sector of healthcare in the region and improved medical infrastructure are the major factors boosting the market growth. Also, increasing geriatric population and prevalence of chronic diseases like cancer and cardiovascular diseases stimulate the market growth.Developments in medical technology witnessed in the hospitals and healthcare institutions to secure patient data along with the high demand for specialist coders and presence of a favourable healthcare system are driving the medical coding market in the North America region. The report also helps in understanding the Global Medical Coding Market dynamics, structure by analyzing the market segments and project the Global Medical Coding Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Medical Coding Market make the report investor’s guide.

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Global Medical Coding Market1

Global Medical Coding Market, by Region:

• North America • Europe • South America • MEA • APAC Global Medical Coding Market Key Players • STARTEK Health • Aviacode, Inc. • Parexel International Corporation • Maxim Health Information Services • Precyse Solutions, LLC • Medical Record Associates LLC. • Verisk Analytics • nThrive, Inc • Medical Record Associates LLC • Oracle Corporation • 3M • Optum

Global Medical Coding Market

1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Medical Coding Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Medical Coding Market 3.4. Geographical Snapshot of the Medical Coding Market, By Manufacturer share 4. Global Medical Coding Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Medical Coding Market 5. Supply Side and Demand Side Indicators 6. Global Medical Coding Market Analysis and Forecast, 2019-2026 6.1. Global Medical Coding Market Size & Y-o-Y Growth Analysis. 7. Global Medical Coding Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 7.1.1. International Classification of Diseases (ICD) 7.1.2. Healthcare Common Procedure Code System (HCPCS) 7.1.3. Current Procedural Terminology 7.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 7.2.1. Hospitals 7.2.2. Diagnostic Centers 7.2.3. Other 8. Global Medical Coding Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Medical Coding Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 9.1.1. International Classification of Diseases (ICD) 9.1.2. Healthcare Common Procedure Code System (HCPCS) 9.1.3. Current Procedural Terminology 9.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 9.2.1. Hospitals 9.2.2. Diagnostic Centers 9.2.3. Other 10. North America Medical Coding Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Medical Coding Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 11.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 12. Canada Medical Coding Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 12.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 13. Mexico Medical Coding Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 13.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 14. Europe Medical Coding Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 14.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 15. Europe Medical Coding Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Medical Coding Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 16.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 17. France Medical Coding Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 17.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 18. Germany Medical Coding Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 18.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 19. Italy Medical Coding Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 19.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 20. Spain Medical Coding Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 20.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 21. Sweden Medical Coding Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 21.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 22. CIS CountriesMedical Coding Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 22.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 23. Rest of Europe Medical Coding Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 23.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 24. Asia Pacific Medical Coding Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 24.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 25. Asia Pacific Medical Coding Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & ForecastBy Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Medical Coding Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 26.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 27. India Medical Coding Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 27.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 28. Japan Medical Coding Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 28.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 29. South Korea Medical Coding Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 29.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 30. Australia Medical Coding Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 30.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 31. ASEAN Medical Coding Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 31.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 32. Rest of Asia Pacific Medical Coding Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 32.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 33. Middle East Africa Medical Coding Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 33.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 34. Middle East Africa Medical Coding Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Medical Coding Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 35.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 36. GCC Countries Medical Coding Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 36.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 37. Egypt Medical Coding Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 37.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 38. Nigeria Medical Coding Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 38.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 39. Rest of ME&A Medical Coding Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 39.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 40. South AmericaMedical Coding Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 40.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 41. South America Medical Coding Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Medical Coding Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 42.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 43. Argentina Medical Coding Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 43.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 44. Rest of South America Medical Coding Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & ForecastBy Classification System, 2019-2026 44.2. Market Size (Value) Estimates & ForecastBy End users, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Medical Coding Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. STARTEK Health 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Aviacode, Inc. 45.3.3. Parexel International Corporation 45.3.4. Maxim Health Information Services 45.3.5. Precyse Solutions, LLC 45.3.6. Medical Record Associates LLC. 45.3.7. Verisk Analytics 45.3.8. nThrive, Inc 45.3.9. Medical Record Associates LLC 45.3.10. Oracle Corporation 45.3.11. 3M 45.3.12. Optum 46. Primary Key Insights

About This Report

Report ID 91813
Category Healthcare
Published Date April 2021
Updated Date
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