Press release
Medical Coding Market Fueled by EHR Adoption and Rising Insurance Claims Management | STARTEK Health, Aviacode, Inc., Parexel International Corporation
The Global Medical Coding Market is expected to grow at a CAGR of 10.5% during the forecast period (2024-2031).Medical Coding Market Report by DataM Intelligence offers a detailed assessment of the global pharmaceutical and healthcare landscape, highlighting market size, key players, and critical growth drivers. With a focus on emerging drug technologies, evolving treatment paradigms, and regulatory frameworks, the report delivers strategic insights to support stakeholders in navigating the rapidly advancing sector from 2025 to 2033.
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Medical coding involves translating healthcare diagnoses, procedures, and services into standardized codes used for billing and data analysis. The market is growing with the rise in healthcare digitalization, regulatory compliance requirements, increasing insurance claims, and the global demand for accurate clinical documentation and revenue cycle management solutions.
Medical Coding Market Competitors Overview:
STARTEK Health, Aviacode, Inc., Parexel International Corporation, Maxim Health Information Services, Precyse Solutions, LLC, and Medical Record Associates LLC.
Important Industry Updates of 2024 and 2025:
✅ On July 1st 2025, European private equity firm Nordic Capital bought Arcadia-a healthcare analytics platform that integrates billing, EHR, and claims data to identify care gaps. This aligns with its growth strategy in AI-enabled healthcare infrastructure
✅ In April 2025, PE firm New Mountain Capital purchased a large stake in Office Ally-an insurance claims clearinghouse processing nearly 1 billion transactions annually-for about $1.8 billion.
✅ In April 2025, Bain Capital acquired HealthEdge-an advanced health insurance claims and payor-software provider-for $2.6 billion (including debt). The platform currently serves over 110 million lives and plans to infuse generative AI into its offerings
Methodology and Scope
The Medical Coding Market Report is built on a rigorous research methodology that integrates primary interviews, expert insights, and validated secondary data from company reports, industry publications, and reliable databases. Utilizing both bottom-up and top-down approaches, the analysis ensures high data accuracy through triangulation. The report covers current market dynamics, growth opportunities, and key strategic developments across global and regional markets.
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Medical Coding Market Segments Overview:
∎ By Classification System (International Classification of Diseases (ICD), Healthcare Common Procedure Code System (HCPCS), Tenth Revision, Clinical Modification (ICD-10-CM))
∎ By Component (In-house, Outsourced)
∎ By End-User (Hospitals, Diagnostic Centers, Others)
Regional Overview for Medical Coding Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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The Report Covers:
➡ In-depth analysis of the demand-supply gap, market size estimates, SWOT and PESTEL analysis, along with global market forecasts.
➡ Strategic recommendations with a focused go-to-market approach.
➡ An unbiased evaluation of overall market performance.
➡ Region- and country-specific insights, with customized reports available upon request.
➡ Identification of high-potential and niche segments and regions demonstrating strong growth prospects.
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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