Medical Coding Market to Reach USD 39.01 Billion by 2030; Driven by Outsourcing, ICD‐11 Rollout, and Rising Hospital Admissions

Mordor Intelligence has published a new report on the Medical Coding Market, offering a comprehensive analysis of trends, growth drivers, and future projections.

The global medical coding market is on track to grow from US D 24.83 billion in 2025 to approximately USD 39.01 billion by 2030, driven at a compound annual growth rate (CAGR) of 9.45%. This surge is a response to increasing pressure on healthcare providers to improve billing accuracy, manage rising patient loads, and adopt standardized coding systems. The move to ICD‐11, expected to take hold internationally, and the need for streamlined claim handling are strengthening demand for both in-house and outsourced coding services. Hospitals, diagnostic centres, and other healthcare facilities are central to this expansion as they face growing administrative demands.

Report Overview: https://www.mordorintelligence.com/industry-reports/medical-coding-market?utm_source=openpr

Key Trends

Rising Use of ICD for Classification

The International Classification of Diseases segment remains central to the market. With updated versions (ICD‐10 moving to ICD‐11), it helps reduce fraud and errors in claim submissions. ICD codes provide standard frameworks across institutions, which hospitals rely on to manage burgeoning patient information-ICD‐11 alone includes around 55,000 codes compared to 14,400 in ICD‐10.

Outsourcing vs. In-House Coding


Organizations are increasingly choosing outsourced coding. The outsourced segment captured about 73% of the market in 2023 due to cost savings, access to credentialed coders. Yet, some providers continue using in-house teams for greater control and faster issue resolution. Health systems balance staffing costs with the flexibility of external services.

Hospital and Diagnostic Centre Reliance


Hospitals and diagnostic centres generate the largest volume of coded records. In 2023, hospitals accounted for revenue close to US $22 billion of the medical coding market, as these institutions handle multiple procedures daily and need precise billing for complex care.

ICD‐11 Implementation & Chronic Disease Metrics


The shift to ICD‐11, fully rolled out post-2020, enables finer tracking of illness and death. This is vital in countries tackling chronic illnesses and aging populations. More accurate classification also helps epidemiological monitoring-especially for disease groups like diabetes, cardiovascular, and oncology.


Market Segmentation


By Classification System:

ICD (International Classification of Diseases)

CPT (Current Procedural Terminology)

HCPCS (Health Common Procedure Coding System)

By Component:

In-house Coding

Outsourced Coding

By Delivery Mode

On-Premises

Web & Cloud based

By End-User:

Hospitals and Clinics

Insurance payers

By Geography

North America

Asia-Pacific

Europe

Middle East

South America

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Key Players


Several companies have established themselves as leaders in the medical coding field:

3M Health Information Systems - A pioneer in coding software and services.

Optum360 (UnitedHealth Group) - Offers integrated end-to-end revenue cycle management.

nThrive, Inc. - Provides specialized coding services with data analytics integration.

Nuance Communications (Microsoft) - Known for speech recognition-driven coding tools.

Aviacode, Inc. - Focused on outsourced coding and auditing services.

Other notable providers include The Coding Network, Dolbey Systems, Maxim Healthcare, Infosys BPM, Cognizant, GeBBS, Omega Healthcare, and Conifer Health. These companies offer diverse solutions-from manual and AI-assisted coding to full revenue cycle outsourcing-tailored to various scales of healthcare operations

Explore more about major players in the market:

https://www.mordorintelligence.com/industry-reports/medical-coding-market/companies?utm_source=openpr

Conclusion

As healthcare demand continues to rise, the need to reduce billing errors, cut administrative overhead, and comply with international coding standards becomes more urgent. Major outcomes-like widespread adoption of ICD‐11 and expanded outsourcing-reflect deeply rooted operational shifts. Whether through in-house teams or specialist partners, healthcare providers aim for more accuracy, faster claim cycles, and stable billing practices.

Looking ahead, regions such as Asia-Pacific show strong uptake due to growing healthcare infrastructure and heightened regulatory commitment. In North America and Europe, evolving trends like speech-assisted coding and AI tools (linked to Nuance and others) point to increasing automation. Regardless of method, the focus on precise, efficient coding will remain central to hospital and clinic operations worldwide.

As the medical coding market approaches US $28.4 billion by 2026, it underscores a global healthcare shift: organisations are investing in clearer, more reliable billing systems to support growing patient care demands and maintain financial health.

Industry Related Reports

Medical Billing Outsourcing Market : The Medical Billing Outsourcing Market Report is Segmented by Service (Front-End, Middle-End, and Back-End), Type of Deployment (On-Premise and Cloud-Based), End User (Hospitals, Physicians' Offices, and Ambulatory/Other Providers), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The Market Forecasts are Provided in Terms of Value.


Get More insights : https://www.mordorintelligence.com/industry-reports/medical-billing-outsourcing-market?utm_source=openpr

AI in Medical Billing Market : The AI In Medical Billing Market report segments the industry into By Deployment (Cloud, On-Premises), By Applications (Automated Billing and Documentation, Claims Processing, Fraud Detection, Other Applications), By End-users (Hospitals And Clinics, Healthcare Payers, Ambulatory Surgical Centers, Other End-users), and By Geography (North America, Europe, Asia, Australia and New Zealand, Latin America, Middle East and Africa).

Get More insights : https://www.mordorintelligence.com/industry-reports/ai-in-medical-billing-market?utm_source=openpr

Computer Assisted Coding Market: The Computer Assisted Coding Market report segments the industry into By Product (Software, Services), By Mode of Delivery (Web and Cloud Based, On-premise), By Application (Automated Computer-assisted Encoding, Management Reporting and Analytics, Clinical Coding Auditing), By End-User (Hospitals, Clinical Laboratories and Diagnostic Centers, Other End-Users), and Geography (North America, Europe, Asia-Pacific, and more).

Get More insights : https://www.mordorintelligence.com/industry-reports/computer-assisted-coding-market?utm_source=openpr

About Mordor Intelligence:

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With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

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Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

For any inquiries or to access the full report, please contact:

media@mordorintelligence.com
https://www.mordorintelligence.com/

This release was published on openPR.