Medical Coding Market Size, Share, And Growth Report 2032
Medical Coding Market By Classification System (Healthcare Common Procedure Coding System And International Classification Of Diseases), By Mode (In-House And Outsourced), By End-User (Hospitals, Insurance Companies, Private Healthcare Organizations, And Others), By Region - Global And Regional Industry Overview, market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 16.19 Billion | USD 42.10 Billion | 11.2% | 2023 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global medical coding market, 2016-2025 (USD Billion)
- 2.2. Global medical coding market: Snapshot
- Chapter 3. Medical Coding Market - Industry Dynamics
- 3.1. Introduction
- 3.2. Market drivers
- 3.2.1. Global medical coding market drivers: Impact analysis
- 3.2.2. Escalating demand for coding services
- 3.2.3. Rising need for a universal language to reduce frauds and misinterpretations associated with insurance claims
- 3.2.4. High Demand to streamline hospital billing procedures
- 3.3. Market Restraints
- 3.3.1. Global medical coding market restraints: Impact analysis
- 3.3.2. Lack of adequately equipped IT professionals
- 3.3.3. Data security concerns
- 3.4. Opportunities
- 3.4.1. Recent Technological Developments in Medical Coding
- 3.5. Porter's Five Forces analysis
- 3.6. Market attractiveness analysis
- 3.6.1. Market attractiveness analysis, by classification system
- 3.6.2. Market attractiveness analysis, by mode
- 3.6.3. Market attractiveness analysis, by end-user
- 3.6.4. Market attractiveness analysis, by region
- Chapter 4. Global Medical Coding Market - Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global medical coding market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Product launch
- 4.2.3. Agreements, partnerships, collaborations, and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.1. Company market share analysis
- Chapter 5. Global Medical Coding Market - Classification System Analysis
- 5.1. Global medical coding market: Classification System overview
- 5.1.1. Global medical coding market revenue share, by classification system, 2018 and 2025
- 5.2. Healthcare Common Procedure Coding System (HCPCS)
- 5.2.1. Global medical coding market for HCPCS, 2016-2025 (USD Billion)
- 5.3. International Classification of Diseases (ICD)
- 5.3.1. Global medical coding market for ICD, 2016-2025 (USD Billion)
- 5.1. Global medical coding market: Classification System overview
- Chapter 6. Global Medical Coding Market - Mode Analysis
- 6.1. Global medical coding market: Mode overview
- 6.1.1. Global medical coding market revenue share, by mode, 2018 and 2025
- 6.2. In-house
- 6.2.1. Global medical coding market for in-house, 2016-2025 (USD Billion)
- 6.3. Outsourced
- 6.3.1. Global medical coding market for outsourced, 2016-2025 (USD Billion)
- 6.1. Global medical coding market: Mode overview
- Chapter 7. Global Medical Coding Market - End-User Analysis
- 7.1. Global medical coding market: End-User overview
- 7.1.1. Global medical coding market revenue share, by End-User, 2018 and 2025
- 7.2. Hospitals
- 7.2.1. Global medical coding market for hospitals, 2016-2025 (USD Billion)
- 7.3. Insurance Company
- 7.3.1. Global medical coding market for insurance companies, 2016-2025 (USD Billion)
- 7.4. Private Healthcare Organizations
- 7.4.1. Global medical coding market for private healthcare organizations, 2016-2025 (USD Billion)
- 7.5. Others
- 7.5.1. Global medical coding market for others, 2016-2025 (USD Billion)
- 7.1. Global medical coding market: End-User overview
- Chapter 8. Global Medical Coding Market - Regional Analysis
- 8.1. Global medical coding market: Regional overview
- 8.1.1. Global medical coding market revenue share, by region, 2018 and 2025
- 8.2. North America
- 8.2.1. North America medical coding market, 2016-2025 (USD Billion)
- 8.2.2. North America medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.2.3. North America medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.2.4. North America medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.2.5. The U.S.
- 8.2.5.1. The U.S. medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.2.5.2. The U.S. medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.2.5.3. The U.S. medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.2.6. Canada
- 8.2.6.1. Canada medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.2.6.2. Canada medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.2.6.3. Canada medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe medical coding market, 2016-2025 (USD Billion)
- 8.3.2. Europe medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.3.3. Europe medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.3.4. Europe medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3.5. UK
- 8.3.5.1. UK medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.3.5.2. UK medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.3.5.3. UK medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3.6. Germany
- 8.3.6.1. Germany medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.3.6.2. Germany medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.3.6.3. Germany medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3.7. France
- 8.3.7.1. France medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.3.7.2. France medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.3.7.3. France medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3.8. Rest of Europe
- 8.3.8.1. Rest of Europe medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.3.8.2. Rest of Europe medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.3.8.3. Rest of Europe medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific medical coding market, 2016-2025 (USD Billion)
- 8.4.2. Asia Pacific medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.4.3. Asia Pacific medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.4.4. Asia Pacific medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4.5. China
- 8.4.5.1. China medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.4.5.2. China medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.4.5.3. China medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4.6. Japan
- 8.4.6.1. Japan medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.4.6.2. Japan medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.4.6.3. Japan medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4.7. India
- 8.4.7.1. India medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.4.7.2. India medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.4.7.3. India medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4.8. Rest of Asia Pacific
- 8.4.8.1. Rest of Asia Pacific medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.4.8.2. Rest of Asia Pacific medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.4.8.3. Rest of Asia Pacific medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America medical coding market, 2016-2025 (USD Billion)
- 8.5.2. Latin America medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.5.3. Latin America medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.5.4. Latin America medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.5.5. Brazil
- 8.5.5.1. Brazil medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.5.5.2. Brazil medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.5.5.3. Brazil medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.5.6. Rest of Latin America
- 8.5.6.1. Rest of Latin America medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.5.6.2. Rest of Latin America medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.5.6.3. Rest of Latin America medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.6. The Middle East and Africa
- 8.6.1. The Middle East and Africa medical coding market, 2016-2025 (USD Billion)
- 8.6.2. The Middle East and Africa medical coding market revenue, by classification system, 2016-2025 (USD Billion)
- 8.6.3. The Middle East and Africa medical coding market revenue, by mode, 2016-2025 (USD Billion)
- 8.6.4. The Middle East and Africa medical coding market revenue, by End-User, 2016-2025 (USD Billion)
- 8.1. Global medical coding market: Regional overview
- Chapter 9. Company Profile
- 9.1. Oracle Corporation
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. STARTEK Health
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. Verisk Analytics
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. Aviacode, Inc.
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. Parexel International Corporation
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Developments
- 9.6. Maxim Health Information Services
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Developments
- 9.7. nThrive, Inc.
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Developments
- 9.8. Medical Record Associates LLC
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Developments
- 9.9. Optum
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Developments
- 9.10. Nuance Communications
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Developments
- 9.11. Precyse Solutions, LLC
- 9.11.1. Overview
- 9.11.2. Financials
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategy
- 9.11.5. Recent Developments
- 9.1. Oracle Corporation
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global medical coding market revenue, 2016–2025 (USD Billion)
4. Porter’s Five Forces analysis
5. Medical Coding market attractiveness analysis, by classification system
6. Medical Coding market attractiveness analysis, by mode
7. Medical Coding market attractiveness analysis, by End-User
8. Medical Coding market: market attractiveness analysis, by region
9. Company market share analysis, 2018
10. Global medical coding market revenue share by classification system, 2018 and 2025
11. Global medical coding market for HCPCS, 2016–2025 (USD Billion)
12. Global medical coding market for ICD, 2016–2025 (USD Billion)
13. Global medical coding market revenue share by mode, 2018 and 2025
14. Global medical coding market for in-house, 2016–2025 (USD Billion)
15. Global medical coding market for outsourced, 2016–2025 (USD Billion)
16. Global medical coding market revenue share by End-User, 2018 and 2025
17. Global medical coding market for hospitals, 2016–2025 (USD Billion)
18. Global medical coding market for insurance companies, 2016–2025 (USD Billion)
19. Global medical coding market for private healthcare organizations, 2016–2025 (USD Billion)
20. Global medical coding market for others, 2016–2025 (USD Billion)
21. North America medical coding market, 2016–2025 (USD Billion)
22. Europe medical coding market, 2016–2025 (USD Billion)
23. Asia Pacific medical coding market, 2016–2025 (USD Billion)
24. Latin America medical coding market,2016–2025 (USD Billion)
25. The Middle East and Africa medical coding market, 2016–2025 (USD Billion)
Table Of Tables
List of Tables
1. Global medical coding market: Market Snapshot
2. Drivers of the global medical coding market: Impact analysis
3. Restraints of the global medical coding market: Impact analysis
4. North America medical coding market revenue, by classification system, 2016–2025 (USD Billion)
5. North America medical coding market revenue, by mode, 2016–2025 (USD Billion)
6. North America medical coding market revenue, by End-User, 2016–2025 (USD Billion)
7. The U.S. medical coding market revenue, by classification system, 2016–2025 (USD Billion)
8. The U.S. medical coding market revenue, by mode, 2016–2025 (USD Billion)
9. The U.S. medical coding market revenue, by End-User, 2016–2025 (USD Billion)
10. Canada medical coding market revenue, by classification system, 2016–2025 (USD Billion)
11. Canada medical coding market revenue, by mode, 2016–2025 (USD Billion)
12. Canada medical coding market revenue, by End-User, 2016–2025 (USD Billion)
13. Europe medical coding market revenue, by classification system, 2016–2025 (USD Billion)
14. Europe medical coding market revenue, by mode, 2016–2025 (USD Billion)
15. Europe medical coding market revenue, by End-User, 2016–2025 (USD Billion)
16. UK medical coding market revenue, by classification system, 2016–2025 (USD Billion)
17. UK medical coding market revenue, by mode, 2016–2025 (USD Billion)
18. UK medical coding market revenue, by End-User, 2016–2025 (USD Billion)
19. Germany medical coding market revenue, by classification system, 2016–2025 (USD Billion)
20. Germany medical coding market revenue, by mode, 2016–2025 (USD Billion)
21. Germany medical coding market revenue, by End-User, 2016–2025 (USD Billion)
22. France medical coding market revenue, by classification system, 2016–2025 (USD Billion)
23. France medical coding market revenue, by mode, 2016–2025 (USD Billion)
24. France medical coding market revenue, by End-User, 2016–2025 (USD Billion)
25. Rest of Europe medical coding market revenue, by classification system, 2016–2025 (USD Billion)
26. Rest of Europe medical coding market revenue, by mode, 2016–2025 (USD Billion)
27. Rest of Europe medical coding market revenue, by End-User, 2016–2025 (USD Billion)
28. Asia Pacific medical coding market revenue, by classification system, 2016–2025 (USD Billion)
29. Asia Pacific medical coding market revenue, by mode, 2016–2025 (USD Billion)
30. Asia Pacific medical coding market revenue, by End-User, 2016–2025 (USD Billion)
31. China medical coding market revenue, by classification system, 2016–2025 (USD Billion)
32. China medical coding market revenue, by mode, 2016–2025 (USD Billion)
33. China medical coding market revenue, by End-User, 2016–2025 (USD Billion)
34. Japan medical coding market revenue, by classification system, 2016–2025 (USD Billion)
35. Japan medical coding market revenue, by mode, 2016–2025 (USD Billion)
36. Japan medical coding market revenue, by End-User, 2016–2025 (USD Billion)
37. India medical coding market revenue, by classification system, 2016–2025 (USD Billion)
38. India medical coding market revenue, by mode, 2016–2025 (USD Billion)
39. India medical coding market revenue, by End-User, 2016–2025 (USD Billion)
40. Rest of Asia Pacific medical coding market revenue, by classification system, 2016–2025 (USD Billion)
41. Rest of Asia Pacific medical coding market revenue, by mode, 2016–2025 (USD Billion)
42. Rest of Asia Pacific medical coding market revenue, by End-User, 2016–2025 (USD Billion)
43. Latin America medical coding market revenue, by classification system, 2016–2025 (USD Billion)
44. Latin America medical coding market revenue, by mode, 2016–2025 (USD Billion)
45. Latin America medical coding market revenue, by End-User, 2016–2025 (USD Billion)
46. Brazil medical coding market revenue, by classification system, 2016–2025 (USD Billion)
47. Brazil medical coding market revenue, by mode, 2016–2025 (USD Billion)
48. Brazil medical coding market revenue, by End-User, 2016–2025 (USD Billion)
49. Rest of Latin America medical coding market revenue, by classification system, 2016–2025 (USD Billion)
50. Rest of Latin America medical coding market revenue, by mode, 2016–2025 (USD Billion)
51. Rest of Latin America medical coding market revenue, by End-User, 2016–2025 (USD Billion)
52. The Middle East and Africa medical coding market revenue, by classification system, 2016–2025 (USD Billion)
53. The Middle East and Africa medical coding market revenue, by mode, 2016–2025 (USD Billion)
54. The Middle East and Africa medical coding market revenue, by End-User, 2016–2025 (USD Billion)
Methodology
FrequentlyAsked Questions
Medical coding is the process of translating healthcare diagnoses, procedures, medical services, and equipment into standardized alphanumeric codes.
According to study, the Medical Coding market size was worth around USD 16.19 billion in 2023 and is predicted to grow to around USD 42.10 billion by 2032.
The CAGR value of Medical Coding market is expected to be around 11.2% during 2024-2032.
North America has been leading the Medical Coding market and is anticipated to continue on the dominant position in the years to come.
The Medical Coding market is led by players like Maxim Health Information Services, Optum, nThrive Inc., STARTEK Health, Parexel International Corporation, Oracle Corporation, Aviacode Inc., Verisk Analytics, Medical Record Associates LLC, Precyse Solutions LLC, and Nuance Communications
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