Medical Coding Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Medical Coding Market was valued at USD 16,885.09 million in 2021 registering a CAGR of 10% during the forecast period 2022-2028.

Medical coding is the translation of medical diagnoses, procedures, medical services, and equipment into universal medical alphanumeric codes. Diagnostics and procedural codes are taken from medical record documents such as transcriptions of physician records, laboratory and radiology results, etc. Medical coding experts help ensure code is applied correctly during the medical billing process, including abstracting information from documents. It assigns the appropriate code and creates a claim to be paid by the insurer.

Market Segments

By Classification System

• Healthcare Common Procedure Code System (HCPCS)
• International Classification of Diseases (ICD)
• Current Procedural Terminology (CPT)

By Component

• Outsourced
• In-House

Key Players

• 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
• Genpact

Scope of the Report

The research study analyzes the global Medical Coding industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Medical Coding Market Report

1. What was the Medical Coding Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Medical Coding Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Medical Coding Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.