Global Medical Coding Market (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunity and Forecast

DUBLIN, April 04, 2022–(BUSINESS WIRE)–The “Medical Coding Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

The global medical coding market reached a value of US$17.05 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$32.25 billion from by 2027, with a CAGR of 10.60% in 2022-2027.

Companies cited

  • 3M Company

  • Access to health care

  • Aviacode Inc. (GeBBS Healthcare Solutions Inc.)

  • Dolbey Systems Inc.

  • Global healthcare resource

  • Maxim Health Staff

  • Associated with Medical Records Inc.

  • Nuance Communications Inc. (Microsoft Corporation)

  • Optum Inc. (United Health Group Incorporated)

  • Outsource international strategies

  • The LLC Coding Network

Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Medical coding is the conversion of diagnoses, procedures, medical services and healthcare equipment into universal medical alphanumeric codes. This includes assigning appropriate codes, extracting information from documentation, and creating a claim to be paid by insurance companies. It analyzes disease patterns in individuals and offers data on national health trends, allowing federal and state governments to plan the resources needed to address common health problems and launch prevention and treatment initiatives. treatment of the affected population. As a result, it finds wide applications in hospitals and diagnostic centers around the world.

Currently, there is an increase in demand for streamlined and convenient coding and billing solutions in hospitals. This, along with the growing demand for a universal language to reduce fraud and deception associated with insurance claims, represents one of the major factors driving the market. Additionally, there is an increase in the use of medical coding for uniform documentation of medical facilities across the globe.

This coupled with the booming healthcare industry and technological advancements across the globe is propelling the growth of the market. Also, the growing demand for International Classification of Diseases (ICD) owing to the rising prevalence of diseases globally is positively influencing the market. Additionally, the growing need for medical coding to create a proper patient record and expedite payments to physicians provides lucrative growth opportunities for industry investors and end users. Additionally, major market players are investing heavily in research and development (R&D) activities and offering next-generation encoding and redemption solutions, which is expected to increase their overall sales and profitability in the coming years.

Answers to key questions in this report:

  • How has the global medical coding market behaved so far and how will it behave in the coming years?

  • What has been the impact of COVID-19 on the global medical coding market?

  • What are the main regional markets?

  • What is the market breakdown by component?

  • What is the market breakdown based on the classification system?

  • What is the market breakdown by end user?

  • What are the different stages of the industry value chain?

  • What are the key drivers and challenges in the industry?

  • What is the structure of the global medical coding market and who are the key players?

  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation

4.1 Overview

4.2 Key Industry Trends

5 Global Medical Coding Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakdown by Component

7 Market Breakdown by Classification System

8 Market Breakdown by End User

9 Market Breakdown by Region

10 SWOT Analysis

11 Value chain analysis

12 Analysis of the five forces of carriers

13 Price Analysis

14 Competitive landscape

14.1 Market structure

14.2 Major Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/jx0uur

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220404005829/en/

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