Medical Coding Market Technological Development and Global Innovations Led by Maxim Health Information Services, Medical Record Associates, Oracle Corporation, Parexel International

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. 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.

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

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.

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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.

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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

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