Medical Coding Market Analysis
Report ID: GMI10982
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Published Date: August 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 149
Countries covered: 23
Pages: 100
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Medical Coding Market Analysis
Based on category, the market is classified into ICD (International Classification of Diseases), CPT (Current Procedural Terminology), and HCPCS (Healthcare Common Procedure Coding System). The ICD (International Classification of Diseases) segment generated the highest revenue of USD 7 billion in 2023.
Based on mode, the medical coding market is classified into outsourced and in-house. The outsourcing segment dominated the market in 2023 with a market share of 73%.
Based on application, the medical coding market is segmented into oncology, neurology, cardiology, anaesthesia, emergency services, and other applications. The oncology segment dominated the market in 2023 and is anticipated to reach USD 12.1 billion by the end of forecast period.
Based on end use, the medical coding market is segmented into hospitals, diagnostic centres, and other end-users. The hospital segment dominated the market in 2023 and is anticipated to reach USD 22 billion by the end of forecast period.
North America medical coding market accounted for USD 7 billion market revenue in 2023 and is anticipated to grow at CAGR of 9.1% between 2024 – 2032 period.
U.S. medical coding market accounted for USD 6.6 billion market revenue in 2023 and is anticipated to grow at substantial rate during the forecast period.
U.K. medical coding market is projected to grow remarkably in the coming years.
Japan holds a dominant position in the Asia Pacific medical coding market.