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Medical Coding Market Share

Report ID: GMI10982
Published Date: Aug 2024
Report Format: PDF

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Medical Coding Market Share

The market is characterized by the presence of several key players and a focus on technological innovation and strategic partnerships. These companies are emphasizing on development of technologically advanced products by incorporating intelligent algorithms. Strategic initiatives such as mergers, acquisitions, and collaborations are common strategies employed by key players to strengthen their market position and expand their geographic footprint.

Medical Coding Market Companies

Prominent players operating in the medical coding industry include:

3M
Access Healthcare
Aviacode Inc.
Dolbey Systems Inc.
Episource
Maxim Health Information Services
Medical Record Associates, LLC.
Nuance Communications, Inc.
Optum, Inc.
Oracle Corporation
Parexel International Corporation
Precyse Solutions LLC
Talix
The Coding Network
Verisk Analytics, Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Medical coding market size was USD 14.4 billion in 2023 and is expected to register 10.1% CAGR from 2024-2032 due to growing focus on streamlining healthcare processes, extensively increasing hospital visits, and rising emphasis on fraud detection and control worldwide.

Medical coding industry from the ICD (International Classification of Diseases) segment reached USD 7 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its wide adoption and regulatory requirements in healthcare systems worldwide.

North America medical coding industry is expected to register 9.1% CAGR from 2024-2032 due to adoption of advanced healthcare IT systems, increased focus on healthcare data management, and the need for accurate medical billing and insurance claims in the region.

3M, Episource, Medical Record Associates, LLC., Nuance Communications, Inc., Optum, Inc., Oracle Corporation, Parexel International Corporation, Precyse Solutions LLC, Talix, The Coding Network, and Verisk Analytics, Inc., are some of the major medical coding companies worldwide.