Medical Coding Market 2027 by Types, Application, Technology, Opportunities, End Users and Regions | The Insight Partners

Medical Coding Market to 2027 - Global Analysis and Forecasts By Classification System [Healthcare Common Procedure Coding System (HCPCS) and International Classification of Diseases (ICD)], Component System (Outsourced and In-House), and Geography

Report Code: TIPHC00002559 | No. of Pages: 150 | Category: Healthcare IT | Status: Upcoming
Medical coding is the eversion of healthcare diagnosis, procedures, medical services, and equipment into universal medical alphanumeric codes. The diagnoses and procedure codes are taken from medical record documentation, such as transcription of physician's notes, laboratory and radiologic results, etc. Medical coding professionals help ensure 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.

Rising occurrence of insurance frauds and insurance issues associated with misconstrue of medical documents is driving demand for medical coding services, especially in developed countries. Frequent revision of classification systems, coupled with increasing adoption of coding and billing procedures in hospital revenue cycle management is leading to generate significant growth opportunities for the players in the medical coding market during the forecast period.

The "Global Medical Coding Market Analysis to 2027" is a specialized and in-depth study of the healthcare IT industry with a focus on the global market trend. The report aims to provide an overview of global medical coding market with detailed market segmentation by classification system, and component system. The global medical coding market is expected to witness high growth during the forecast period. The medical coding market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The global medical coding market is segmented on the basis of classification system, component system. On the basis of classification system, the medical billing market is segmented into healthcare common procedure coding system (HCPCS) and international classification of diseases (ICD). Based on component system, the medical coding market is segmented as, outsourced and in-house.

The medical coding market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global medical coding market based on classification system, and component system. It also provides market size and forecast till 2027 for overall medical coding market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

North America dominated the medical coding market by capturing the largest revenue share. High adoption rate of advanced healthcare solutions in routine hospital operations and availability of a large number of medical coding solution providers are factors expected to aid in maintaining the dominance of the region throughout the forecast period. Moreover, Asia Pacific is expected to witness significant growth in the global medical coding market owing to developing healthcare facilities among emerging economies such as China, India, Malaysia, Thailand and others as well as the booming medical tourism in the region.

The medical coding market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

The medical coding market report also includes the profiles of key medical coding manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the global medical coding market are Aviacode, Inc., Maxim Health Information Services, Medical Record Associates LLC., Oracle Corporation, Parexel International Corporation, Precyse Solutions, LLC, Verisk Analytics, STARTEK Health, Outsource Strategies International, and Genpact among others.
Table of Contents

1. INTRODUCTION
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE

2. KEY TAKEAWAYS

3. MEDICAL CODING MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Medical Coding Market - By Classification System
3.2.2. Medical Coding Market - By Component System
3.2.3. Medical Coding Market - By Region
3.2.3.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific - PEST Analysis
3.3.4. Middle East and Africa - PEST Analysis
3.3.5. South and Central America- PEST Analysis

4. MEDICAL CODING MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS

5. MEDICAL CODING MARKET - GLOBAL ANALYSIS
5.1. GLOBAL MEDICAL CODING MARKET OVERVIEW
5.2. GLOBAL MEDICAL CODING MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. PERFORMANCE OF KEY PLAYERS
5.4. EXPERT OPINIONS
6. MEDICAL CODING MARKET REVENUE AND FORECASTS TO 2027 - BY CLASSIFICATION SYSTEM
6.1. OVERVIEW
6.2. CLASSIFICATION SYSTEM MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
6.3. HEALTHCARE COMMON PROCEDURE CODING SYSTEM (HCPCS) MARKET
6.3.1. Overview
6.3.2. Healthcare Common Procedure Coding System (HCPCS)Market Revenue Forecasts and Analysis (US$ Mn)
6.4. INTERNATIONAL CLASSIFICATION OF DISEASES (ICD) MARKET
6.4.1. Overview
6.4.2. International Classification of Diseases (ICD) Market Revenue Forecasts and Analysis (US$ Mn)

7. MEDICAL CODING MARKET REVENUE AND FORECASTS TO 2027 - BY COMPONENT SYSTEM
7.1. OVERVIEW
7.2. COMPONENT SYSTEM MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. OUTSOURCED MARKET
7.3.1. Overview
7.3.2. Outsourced Market Revenue Forecasts and Analysis (US$ Mn)
7.4. IN-HOUSE MARKET
7.4.1. Overview
7.4.2. In-House Market Revenue Forecasts and Analysis (US$ Mn)

8. NORTH AMERICA MEDICAL CODING MARKET REVENUE AND FORECASTS TO 2027 - COUNTRY ANALYSIS
8.1. NORTH AMERICA MEDICAL CODING MARKET OVERVIEW
8.2. NORTH AMERICA MEDICAL CODING MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
8.3. NORTH AMERICA MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY CLASSIFICATION SYSTEM(US$ MN)
8.4. NORTH AMERICA MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COMPONENT SYSTEM (US$ MN)
8.5. NORTH AMERICA MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
8.6. US MARKET OVERVIEW
8.6.1. US Medical Coding Market Revenue Forecasts and Analysis - By Classification System (US$ Mn)
8.6.2. US Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)
8.7. CANADA MARKET OVERVIEW
8.7.1. Canada Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
8.7.2. Canada Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)
8.8. MEXICO MARKET OVERVIEW
8.8.1. Mexico Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
8.8.2. Mexico Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)

9. EUROPE MEDICAL CODING MARKET REVENUE AND FORECASTS TO 2027 - COUNTRY ANALYSIS
9.1. EUROPE MEDICAL CODING MARKET OVERVIEW
9.2. EUROPE MEDICAL CODING MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
9.3. EUROPE MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY CLASSIFICATION SYSTEM(US$ MN)
9.4. EUROPE MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COMPONENT SYSTEM (US$ MN)
9.5. EUROPE MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
9.6. FRANCE MARKET OVERVIEW
9.6.1. France Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
9.6.2. France Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)
9.7. GERMANY MARKET OVERVIEW
9.7.1. Germany Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
9.7.2. Germany Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)
9.8. UK MARKET OVERVIEW
9.8.1. UK Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
9.8.2. UK Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)

10. ASIA PACIFIC MEDICAL CODING MARKET REVENUE AND FORECASTS TO 2027 - COUNTRY ANALYSIS
10.1. ASIA PACIFIC MEDICAL CODING MARKET OVERVIEW
10.2. ASIA PACIFIC MEDICAL CODING MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. ASIA PACIFIC MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY CLASSIFICATION SYSTEM(US$ MN)
10.4. ASIA PACIFIC MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COMPONENT SYSTEM (US$ MN)
10.5. ASIA PACIFIC MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
10.6. CHINA MARKET OVERVIEW
10.6.1. China Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
10.6.2. China Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)
10.7. INDIA MARKET OVERVIEW
10.7.1. India Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
10.7.2. India Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)
10.8. JAPAN MARKET OVERVIEW
10.8.1. Japan Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
10.8.2. Japan Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)

11. MIDDLE EAST AND AFRICA (MEA) MEDICAL CODING MARKET REVENUE AND FORECASTS TO 2027 - COUNTRY ANALYSIS
11.1. MIDDLE EAST AND AFRICA (MEA) MEDICAL CODING MARKET OVERVIEW
11.2. MIDDLE EAST AND AFRICA (MEA) MEDICAL CODING MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. MIDDLE EAST AND AFRICA (MEA) MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY CLASSIFICATION SYSTEM(US$ MN)
11.4. MIDDLE EAST AND AFRICA (MEA) MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COMPONENT SYSTEM (US$ MN)
11.5. MIDDLE EAST AND AFRICA MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
11.6. SOUTH AFRICA MARKET OVERVIEW
11.6.1. South Africa Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
11.6.2. South Africa Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)
11.7. SAUDI ARABIA MARKET OVERVIEW
11.7.1. Saudi Arabia Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
11.7.2. Saudi Arabia Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)
11.8. UAE MARKET OVERVIEW
11.8.1. UAE Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
11.8.2. UAE Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)

12. SOUTH AND CENTRAL AMERICA MEDICAL CODING MARKET REVENUE AND FORECASTS TO 2027 - COUNTRY ANALYSIS
12.1. SOUTH AND CENTRAL AMERICA MEDICAL CODING MARKET OVERVIEW
12.2. SOUTH AND CENTRAL AMERICA MEDICAL CODING MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. SOUTH AND CENTRAL AMERICA MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY CLASSIFICATION SYSTEM(US$ MN)
12.4. SOUTH AND CENTRAL AMERICA MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COMPONENT SYSTEM (US$ MN)
12.5. SOUTH AND CENTRAL AMERICA MEDICAL CODING MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
12.6. BRAZIL MARKET OVERVIEW
12.6.1. Brazil Medical Coding Market Revenue Forecasts and Analysis - By Classification System(US$ Mn)
12.6.2. Brazil Medical Coding Market Revenue Forecasts and Analysis - By Component System (US$ Mn)

13. INDUSTRY LANDSCAPE
13.1. ORGANIC GROWTH STRATEGIES
13.1.1. New Product Launches
13.1.2. Marketing & Promotional Activities
13.2. INORGANIC GROWTH STRATEGIES
13.2.1. Partnerships, Collaborations, and Joint Ventures
13.2.2. Mergers & Acquisitions

14. MEDICAL CODING MARKET, KEY COMPANY PROFILES
14.1. AVIACODE, INC.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Financial Overview
14.1.4. Product/Service Portfolio
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. MAXIM HEALTH INFORMATION SERVICES
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Financial Overview
14.2.4. Product/Service Portfolio
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. MEDICAL RECORD ASSOCIATES LLC.
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Financial Overview
14.3.4. Product/Service Portfolio
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. ORACLE CORPORATION
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Financial Overview
14.4.4. Product/Service Portfolio
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. PAREXEL INTERNATIONAL CORPORATION
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Financial Overview
14.5.4. Product/Service Portfolio
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. PRECYSE SOLUTIONS, LLC.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Financial Overview
14.6.4. Product/Service Portfolio
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. VERISK ANALYTICS
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Financial Overview
14.7.4. Product/Service Portfolio
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. STARTEK HEALTH
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Financial Overview
14.8.4. Product/Service Portfolio
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. OUTSOURCE STRATEGIES INTERNATIONAL
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Financial Overview
14.9.4. Product/Service Portfolio
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. GENPACT
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Financial Overview
14.10.4. Product/Service Portfolio
14.10.5. SWOT Analysis
14.10.6. Key Developments

15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
15.3. RESEARCH METHODOLOGY
The List of Companies

1. Aviacode, Inc.
2. Maxim Health Information Services
3. Medical Record Associates LLC.
4. Oracle Corporation
5. Parexel International Corporation
6. Precyse Solutions, LLC.
7. Verisk Analytics
8. STARTEK Health
9. Outsource Strategies International
10. Genpact
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