The global medical coding market is expected to grow from USD 7.92 billion 2017 to USD 18.93 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 13.26%.

"Rising need for a universal language in medical documents in order to streamline hospital billing procedures
is one of the factors largely attributing to the growth of medical coding market globally"

The factors attributing to the growth of the market are rising need for a universal language in medical documents in order to streamline hospital billing procedures, rising occurrence of insurance frauds and insurance issues associated with misinterpretation of medical documents, and regulation enforcement by hipaa and eu healthcare policy. However, some factors such as concern related to data security, and limited technology expertise may hinder the market growth. The global medical coding market is expected to showcase the opportunities such as integration of coding and billing procedures in hospital revenue cycle management and ehr, growing penetration of private healthcare insurance companies in asia pacific, and booming medical tourism in countries such as china, india, malaysia, and thailand. In the near future, the market may face the possible challenges in the growth due to and third party vendor lock-in. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global medical coding market market."International Classification of Diseases: The highest growing classification system for the global medical coding market"

On the basis of classification system, the global medical coding market is studied across Healthcare Common Procedure Code System and International Classification of Diseases. Among all these classification system, the International Classification of Diseases is projected to hold the largest market share while the International Classification of Diseases has the potential to grow the market with the highest CAGR in the forecast period."Outsourced: The highest growing component for the global medical coding market"

On the basis of component, the global medical coding market is studied across In-house and Outsourced. Among all these component, the Outsourced is projected to hold the largest market share while the In-house has the potential to grow the market with the highest CAGR in the forecast period."Hospitals & Care Providers: The highest growing end user for the global medical coding market"

On the basis of end user, the global medical coding market is studied across Diagnostic Centers and Hospitals & Care Providers. Among all these end user, the Hospitals & Care Providers has captured the maximum market share while the Hospitals & Care Providers has the opportunity to emerge with the highest CAGR."Americas: The highest growing geography for the global medical coding market"

On the basis of geography, the global medical coding market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.

"3M Company: The potential growing player for the global medical coding market"

The key players profiled in the global medical coding market are 3M Company, Aviacode Inc., Dolbey, Maxim Health Information Services, Medical Record Associates LLC, Nuance Communications, Inc., Optum, Inc., Oracle Corporation, Parexel International Corporation, Precyse Solutions LLC, STARTEK Health, Verisk Analytics, and nThrive, Inc..


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global medical coding market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global medical coding market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global medical coding market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global medical coding market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global medical coding market.