Medical Coding Market, By Classification System (International Classification of Diseases and Healthcare Common Procedure Code System ), By Component, By End User, and By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022

Description

Medical coding specialists play an essential role in the healthcare business. It is a process of transforming healthcare diagnosis, medical services, procedures, and devices into the universal medical alphanumeric codes. Medical coding involves extracting billable information from the medical record and clinical documentation, whereas medical billing uses those codes to create insurance claims and bills for the patients. Creating claims is where medical coding and billing intersect to form the backbone of the healthcare revenue cycle. Medical coding and billing are the two most important factors that help form a claim that ensures that patients and insurance providers provide payments for the services rendered by a medical practice.

Market Dynamics:

Increasing demand for coding services and growing demand to streamline hospital procedures are some major factors expected to augment the growth of the global medical coding market over the forecast period. For instance, according to American Academy of Professional Coders (2022 report), there are thousands of services performed by providers and an equal number of injectable drugs or supplies to be tracked, and medical coding classifies these for easy reporting and tracking. The agency also states that there are many descriptions, names, acronyms, and eponyms for each disease, device and procedure in healthcare, and medical coding standardizes the language and presentation of all these rudiments.

Key features of the study:

The report provides in-depth analysis of the global medical coding market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global medical coding market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include 3M Company, nThrive (Precyse Solutions LLC), Talix, Oracle Corporation, Optum Inc., Nuance Communications Inc., Dolbey Systems Inc., Aviacode Inc., MRA Health Information Services, The Coding Network, L.L.C, and Maxim Health Information Services, among others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global medical coding market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical coding market.

Detailed Segmentation:

Global Medical Coding Market, By Classification System:

International Classification of Diseases (ICD)
Healthcare Common Procedure Code System (HCPCS)

Global Medical Coding Market, By Component:

In-house
Outsourced

Global Medical Coding Market, By End User:

Hospitals
Diagnostic Centres
Other End Users

Global Medical Coding Market, By Geography:

North America
Europe
Asia-Pacific
South America
Middle East and Africa

Product Code: CMI5106

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Medical Coding, By Classification System
- Market Medical Coding, By component
- Market Medical Coding, By End User
- Market Medical Coding, By Geography
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Increasing demand for coding services
- Changing regulations related to medical coding
- Increasing demand to streamline hospital procedures
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Medical Coding Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Medical Coding Market, By Classification System, 2017-2028, (US$ Mn)

Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
International Classification of Diseases (ICD)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
Healthcare Common Procedure Code System (HCPCS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)

6. Medical Coding Market, By Component, 2017-2028, (US$ Mn)

Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
In-house
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
Outsourced
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)

7. Medical Coding Market, By End User, 2017-2028, (US$ Mn)

Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
Other End Users
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)

8. Medical Coding Market, By Geography, 2017-2028, (US$ Mn)

Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2028,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2028,(US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2028,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2028,(US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2028,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2028,(US$ Mn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2028,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2028,(US$ Mn)
Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2028,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2028,(US$ Mn)
Rest of World
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2028,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2028,(US$ Mn)

9. Competitive Landscape

3M Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
The Coding Network, L.L.C
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
nThrive (Precyse Solutions LLC)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Talix
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Oracle Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Optum Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Nuance Communications Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Dolbey Systems Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Aviacode Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
MRA Health Information Services
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Maxim Health Information Services
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Analyst Views

10. Section

Research Methodology
About us

Medical Coding Market, By Classification System (International Classification of Diseases and Healthcare Common Procedure Code System ), By Component, By End User, and By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028