Press release
Computer Assisted Coding Market Outlook 2022 at CAGR of 11.5% : Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2029
The Global Computer Assisted Coding Market is forecast to reach above USD 10.18 billion by 2029 by rising at a compound annual growth rate (CAGR) of 11.5% throughout the forecast period from 2022 to 2029Computer Assisted Coding Market Overview
The switch from ICD-9 to ICD-10 coding standards in North America, the rising demand for CAC solutions, and the expanding need within the global healthcare system to reduce rising healthcare costs, enhance coding accuracy, and streamline revenue cycle management processes are all factors contributing to the market's growth. With the introduction of new products and applications, the market for computer-assisted coding is growing. Numerous applications, including automated computer-assisted encoding, management reporting & analytics, and clinical code audits, utilise these computer-assisted coding systems.
Public and commercial organisations are also rolling out expanding insurance reimbursement schemes and advancing healthcare infrastructure improvements. The market for computer-assisted coding systems is expanding as a result of the growing population's use of CAC solutions to lower rising healthcare costs.
The global Computer Assisted Coding market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
In April 2021, 3M company launched a new technology platform that allows healthcare providers and payers to prioritize care and allocate resources for high-risk individuals and patient populations. 3M social determinants of health analytics (3M SDoH) combines clinical, social, and population health data to create a complete picture of patient health.
In April 2021, Cerner Corporation completed the acquisition of Kantar Health, a division of Kantar Group, for USD 375 million in cash, subject to adjustment.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Computer Assisted Coding market manufacturers. The revenue created from the sales of Computer Assisted Coding Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are 3M Company, Optum, Inc., Nuance Communications, Inc., Cerner Corporation, Mckesson Corporation, Dolbey Systems, Inc., Artificial Medical Intelligence, Inc., Craneware PLC., Athenahealth, Inc., Streamline Health Solutions, Inc. and Others.
The Computer Assisted Coding Market has been segmented as below:
Computer Assisted Coding Market by Product & Services, 2020-2029, (USD Billion)
Software
Services
Computer Assisted Coding Market by Application, 2020-2029, (USD Billion)
Automated Computer Assisted Coding
Management Reporting & Analytics
Clinical CODIG Auditing
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Computer Assisted Coding Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Computer Assisted Coding market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
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Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Computer Assisted Coding Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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