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Medical Coding Market Research Report: By Classification System (International Classification of Diseases, Healthcare Common Procedure Coding System, Current Procedural Terminology), End User (Hospitals, Diagnostic Centers) - Global Industry Analysis and Growth Forecast to 2030

  • ID: 5184592
  • Report
  • June 2020
  • Region: Global
  • 140 pages
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • 3M Company
  • Aviacode Inc.
  • Dolbey Systems Inc.
  • Optum Inc.
  • Oracle Corporation
  • MORE
Medical coding is basically the process of translating healthcare and medical information and other important data into simple and easy to understand codes so that the healthcare records of patients can be easily documented and accurate medical billing can be produced in healthcare settings. This method originated in England over two millennia ago when medical practitioners used to collect statistical data and organize and store them in the form of numerical codes. Since then, the method has evolved considerably, with modern coding systems replacing the role of the book-keepers in the recent times.

The American Academy of Professional Coders (AAPC) defines medical coding as “the transformation of healthcare diagnosis, procedures, medical services and equipment into universal medical alphanumeric codes.” An important factor fueling the requirement for medical coding is the growing prevalence of insurance frauds across the world. These frauds are causing

Due to the aforementioned factors, the usage of medical coding is increasing at an explosive pace across the world, which is, in turn, driving the expansion of the global medical coding market. As a result, the value of the market will rise from $15.2 billion to $42.4 billion from 2019 to 2030. Further, the market will advance at a CAGR of 9.6% between 2020 and 2030. Diagnostic centers and hospitals are the two major end-users of medical coding.

Therefore, it can be said with certainty that the requirement for medical coding will surge all over the world in the forthcoming years, primarily because of the growing incidence of insurance frauds, rising need for faster and accurate hospital billing procedures, and the growing demand for healthcare documentation and medical record-keeping in healthcare facilities around the world.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • Aviacode Inc.
  • Dolbey Systems Inc.
  • Optum Inc.
  • Oracle Corporation
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Classification System
1.3.2 Market Segmentation by End User
1.3.3 Market Segmentation by Region
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Baseline-Methodology
2.4 Market Size Estimation
2.5 Data Triangulation
2.6 Currency Conversion Rates
2.7 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Classification System
4.1.1.1 ICDs
4.1.1.2 CPT
4.1.1.3 HCPCS
4.1.2 By End User
4.1.2.1 Hospitals
4.1.2.2 Diagnostic centers
4.1.2.3 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Increasing utilization of computer-aided coding systems
4.2.2 Drivers
4.2.2.1 Rising incidence of insurance frauds
4.2.2.2 Growing demand to modernize hospital billing procedures
4.2.2.3 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Data security concerns
4.2.3.2 Lack of trained and skilled professionals
4.2.3.3 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Growing demand for medical coding services in emerging economies
4.3 Impact of COVID-19
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes

Chapter 5. Global Market Size and Forecast
5.1 By Classification System
5.2 By End User
5.3 By Region

Chapter 6. Europe Market Size and Forecast
6.1 By Classification System
6.2 By End User
6.3 By Country
6.3.1 Germany Market Size and Forecast
6.3.1.1 By classification system
6.3.1.2 By end user
6.3.2 France Market Size and Forecast
6.3.2.1 By classification system
6.3.2.2 By end user
6.3.3 U.K. Market Size and Forecast
6.3.3.1 By classification system
6.3.3.2 By end user

Chapter 7. North America Market Size and Forecast
7.1 By Classification System
7.2 By End User
7.3 By Country
7.3.1 U.S. Market Size and Forecast
7.3.1.1 By classification system
7.3.1.2 By end user
7.3.2 Canada Market Size and Forecast
7.3.2.1 By classification system
7.3.2.2 By end user

Chapter 8. APAC Market Size and Forecast
8.1 By Classification System
8.2 By End User
8.3 By Country
8.3.1 Japan Market Size and Forecast
8.3.1.1 By classification system
8.3.1.2 By end user
8.3.2 China Market Size and Forecast
8.3.2.1 By classification system
8.3.2.2 By end user
8.3.3 India Market Size and Forecast
8.3.3.1 By classification system
8.3.3.2 By end user

Chapter 9. LATAM Market Size and Forecast
9.1 By Classification System
9.2 By End User
9.3 By Country

Chapter 10. MEA Market Size and Forecast
10.1 By Classification System
10.2 By End User
10.3 By Country

Chapter 11. Competitive Landscape
11.1 Recent Strategic Developments
11.1.1 Mergers and Acquisitions
11.1.2 Collaborations and Partnerships
11.1.3 Geographical Expansion
11.1.4 Others Strategic Developments
11.2 List of Others Players

Chapter 12. Company Profiles
12.1 Oracle Corporation
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Maxim Healthcare Services Inc.
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.3 Medical Record Associates LLC
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.4 Aviacode Inc.
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.5 Dolbey Systems Inc.
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.6 Parexel International Corporation
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.7 Precision Practice Management
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.8 3M Company
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.9 Nuance Communications Inc.
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.9.3 Key Financial Summary
12.10 Optum Inc.
12.10.1 Business Overview
12.10.2 Product and Service Offerings

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources and References
13.3 Related Report

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 GLOBAL MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 5 GLOBAL MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 6 GLOBAL MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 7 GLOBAL MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 8 GLOBAL MEDICAL CODING MARKET, BY REGION, $M (2014-2019)
TABLE 9 GLOBAL MEDICAL CODING MARKET, BY REGION, $M (2020-2030)
TABLE 10 EUROPE MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 11 EUROPE MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 12 EUROPE MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 13 EUROPE MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 14 EUROPE MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 15 EUROPE MEDICAL CODING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 16 GERMANY MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 17 GERMANY MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 18 GERMANY MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 19 GERMANY MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 20 FRANCE MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 21 FRANCE MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 22 FRANCE MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 23 FRANCE MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 24 U.K. MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 25 U.K. MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 26 U.K. MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 27 U.K. MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 28 NORTH AMERICA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 29 NORTH AMERICA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 30 NORTH AMERICA MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 31 NORTH AMERICA MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 32 NORTH AMERICA MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 33 NORTH AMERICA MEDICAL CODING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 34 U.S. MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 35 U.S. MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 36 U.S. MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 37 U.S. MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 38 CANADA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 39 CANADA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 40 CANADA MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 41 CANADA MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 42 APAC MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 43 APAC MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 44 APAC MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 45 APAC MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 46 APAC MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 47 APAC MEDICAL CODING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 48 JAPAN MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 49 JAPAN MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 50 JAPAN MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 51 JAPAN MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 52 CHINA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 53 CHINA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 54 CHINA MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 55 CHINA MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 56 INDIA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 57 INDIA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 58 INDIA MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 59 INDIA MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 60 LATAM MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 61 LATAM MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 62 LATAM MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 63 LATAM MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 64 LATAM MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 65 LATAM MEDICAL CODING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 66 MEA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2019)
TABLE 67 LATAM MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2020-2030)
TABLE 68 MEA MEDICAL CODING MARKET, BY END USER, $M (2014-2019)
TABLE 69 MEA MEDICAL CODING MARKET, BY END USER, $M (2020-2030)
TABLE 70 MEA MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2019)
TABLE 71 MEA MEDICAL CODING MARKET, BY COUNTRY, $M (2020-2030)
TABLE 72 LIST OF OTHER PLAYERS AND THEIR OFFERINGS
TABLE 73 ORACLE CORPORATION - AT A GLANCE
TABLE 74 ORACLE CORPORATION - KEY FINANCIAL SUMMARY
TABLE 75 MAXIM HEALTHCARE SERVICES INC. - AT A GLANCE
TABLE 76 MEDICAL RECORD ASSOCIATES LLC - AT A GLANCE
TABLE 77 AVIACODE INC. - AT A GLANCE
TABLE 78 DOLBEY SYSTEMS INC. - AT A GLANCE
TABLE 79 PAREXEL INTERNATIONAL CORPORATION - AT A GLANCE
TABLE 80 PRECISION PRACTICE MANAGEMENT - AT A GLANCE
TABLE 81 3M COMPANY - AT A GLANCE
TABLE 82 3M COMPANY - KEY FINANCIAL SUMMARY
TABLE 83 NUANCE COMMUNICATIONS INC. - AT A GLANCE
TABLE 84 NUANCE COMMUNICATIONS INC. - KEY FINANCIAL SUMMARY
TABLE 85 OPTUM INC. - AT A GLANCE

List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY REGION
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 6 DATA TRIANGULATION APPROACH
FIG 7 CURRENCY CONVERSION RATES FOR USD (2019)
FIG 8 GLOBAL MEDICAL CODING MARKET SUMMARY
FIG 9 BARGAINING POWER OF BUYERS
FIG 10 INTENSITY OF RIVALRY
FIG 11 THREAT OF NEW ENTRANTS
FIG 12 GLOBAL MEDICAL CODING MARKET SNAPSHOT
FIG 13 GLOBAL MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 14 GLOBAL MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 15 WORLDWIDE MAJOR MARKETS FOR MEDICAL CODING SERVICES
FIG 16 EUROPE MEDICAL CODING MARKET SNAPSHOT
FIG 17 EUROPE MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 18 EUROPE MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 19 EUROPE MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2030)
FIG 20 GERMANY MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 21 GERMANY MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 22 FRANCE MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 23 FRANCE MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 24 U.K. MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 25 U.K. MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 26 NORTH AMERICA MEDICAL CODING MARKET SNAPSHOT
FIG 27 NORTH AMERICA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 28 NORTH AMERICA MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 29 NORTH AMERICA MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2030)
FIG 30 U.S. MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 31 U.S. MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 32 CANADA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 33 CANADA MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 34 APAC MEDICAL CODING MARKET SNAPSHOT
FIG 35 APAC MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 36 APAC MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 37 APAC MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2030)
FIG 38 JAPAN MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 39 JAPAN MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 40 CHINA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 41 CHINA MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 42 INDIA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 43 INDIA MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 44 LATAM MEDICAL CODING MARKET SNAPSHOT
FIG 45 LATAM MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 46 LATAM MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 47 LATAM MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2030)
FIG 48 MEA MEDICAL CODING MARKET SNAPSHOT
FIG 49 MEA MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, $M (2014-2030)
FIG 50 MEA MEDICAL CODING MARKET, BY END USER, $M (2014-2030)
FIG 51 MEA MEDICAL CODING MARKET, BY COUNTRY, $M (2014-2030)
FIG 52 ORACLE CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 53 3M COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 54 NUANCE COMMUNICATIONS INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
Note: Product cover images may vary from those shown
  • Oracle Corporation
  • Maxim Healthcare Services Inc.
  • Medical Record Associates LLC
  • Aviacode Inc.
  • Dolbey Systems Inc.
  • Parexel International Corporation
  • Precision Practice Management
  • 3M Company
  • Nuance Communications Inc.
  • Optum Inc.
Note: Product cover images may vary from those shown

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