Report Detail
Global Medical Coding Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)
- RnM3122310 |
- 14 March, 2019 |
- Global |
- 154 Pages |
- 360iResearch |
- Other
The global medical coding market is expected to grow from USD 7.92 billion 2017 to USD 18.93 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 13.26%.
“Rising need for a universal language in medical documents in order to streamline hospital billing procedures
is one of the factors largely attributing to the growth of medical coding market globally”
The factors attributing to the growth of the market are rising need for a universal language in medical documents in order to streamline hospital billing procedures, rising occurrence of insurance frauds and insurance issues associated with misinterpretation of medical documents, and regulation enforcement by hipaa and eu healthcare policy. However, some factors such as concern related to data security, and limited technology expertise may hinder the market growth. The global medical coding market is expected to showcase the opportunities such as integration of coding and billing procedures in hospital revenue cycle management and ehr, growing penetration of private healthcare insurance companies in asia pacific, and booming medical tourism in countries such as china, india, malaysia, and thailand. In the near future, the market may face the possible challenges in the growth due to and third party vendor lock-in. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global medical coding market market.“International Classification of Diseases: The highest growing classification system for the global medical coding market”
On the basis of classification system, the global medical coding market is studied across Healthcare Common Procedure Code System and International Classification of Diseases. Among all these classification system, the International Classification of Diseases is projected to hold the largest market share while the International Classification of Diseases has the potential to grow the market with the highest CAGR in the forecast period.“Outsourced: The highest growing component for the global medical coding market”
On the basis of component, the global medical coding market is studied across In-house and Outsourced. Among all these component, the Outsourced is projected to hold the largest market share while the In-house has the potential to grow the market with the highest CAGR in the forecast period.“Hospitals & Care Providers: The highest growing end user for the global medical coding market”
On the basis of end user, the global medical coding market is studied across Diagnostic Centers and Hospitals & Care Providers. Among all these end user, the Hospitals & Care Providers has captured the maximum market share while the Hospitals & Care Providers has the opportunity to emerge with the highest CAGR.“Americas: The highest growing geography for the global medical coding market”
On the basis of geography, the global medical coding market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.
“3M Company: The potential growing player for the global medical coding market”
The key players profiled in the global medical coding market are 3M Company, Aviacode Inc., Dolbey, Maxim Health Information Services, Medical Record Associates LLC, Nuance Communications, Inc., Optum, Inc., Oracle Corporation, Parexel International Corporation, Precyse Solutions LLC, STARTEK Health, Verisk Analytics, and nThrive, Inc..
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global medical coding market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global medical coding market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global medical coding market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global medical coding market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global medical coding market.
Table of Contents
1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Stakeholders
2. Research & Forecasting
- 2.1. Research Methodology
- 2.1.1. Research Instruments
- 2.1.1.1. Secondary Instrument
- 2.1.1.2. Primary Instrument
- 2.1.2. Research Approaches
- 2.1.2.1. Bottom-up Approach
- 2.1.2.2. Top-down Approach
- 2.1.3. Research Reliability & Validity
- 2.1.4. Research Assumptions
- 2.1.5. Vendor Inclusion Criteria
- 2.1.1. Research Instruments
- 2.2. Forecasting Methodology
- 2.2.1. Methodology for Market Estimation & Forecasting
- 2.2.2. Significance and Importance of the Market Estimation & Forecasting
3. Executive Summary
4. Premium Insight
- 4.1. Market Connectivity
- 4.2. Market Data Feed
- 4.3. Market Vendor Ranking Analysis
- 4.4. Market Dynamics
- 4.4.1. Drivers
- 4.4.1.1. Rising need for a universal language in medical documents in order to streamline hospital billing procedures
- 4.4.1.2. Rising occurrence of insurance frauds and insurance issues associated with misinterpretation of medical documents
- 4.4.1.3. Regulation enforcement by HIPAA and EU healthcare policy
- 4.4.2. Restraints
- 4.4.2.1. Concern related to data security
- 4.4.2.2. Limited technology expertise
- 4.4.3. Opportunities
- 4.4.3.1. Integration of coding and billing procedures in hospital Revenue Cycle Management and EHR
- 4.4.3.2. Growing penetration of private healthcare insurance companies in Asia Pacific
- 4.4.3.3. Booming medical tourism in countries such as China, India, Malaysia, and Thailand
- 4.4.4. Challenges
- 4.4.4.1. Third party vendor lock-in
- 4.4.1. Drivers
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Threat of New Entrants
- 4.5.2. Threat of Substitutes
- 4.5.3. Bargaining Power of Customers
- 4.5.4. Bargaining Power of Suppliers
- 4.5.5. Industry Rivalry
- 4.6. Computer Assisted Coding using NLP
- 4.7. Blockchain Integration
5. Global Medical Coding Market, by Classification System
- 5.1. Introduction
- 5.2. Healthcare Common Procedure Code System
- 5.3. International Classification of Diseases
6. Global Medical Coding Market, by Component
- 6.1. Introduction
- 6.2. In-house
- 6.3. Outsourced
7. Global Medical Coding Market, by End User
- 7.1. Introduction
- 7.2. Diagnostic Centers
- 7.3. Hospitals & Care Providers
8. Global Medical Coding Market, by Geography
- 8.1. Introduction
- 8.2. Americas Medical Coding Market
- 8.2.1. Americas Medical Coding Market, by Country
- 8.2.1.1. United States
- 8.2.1.2. Brazil
- 8.2.1.3. Canada
- 8.2.1.4. Mexico
- 8.2.1.5. Argentina
- 8.2.2. Americas Medical Coding Market, by Classification System
- 8.2.3. Americas Medical Coding Market, by Component
- 8.2.4. Americas Medical Coding Market, by End User
- 8.2.1. Americas Medical Coding Market, by Country
- 8.3. Europe, Middle East & Africa Medical Coding Market
- 8.3.1. Europe, Middle East & Africa Medical Coding Market, by Country
- 8.3.1.1. United Kingdom
- 8.3.1.2. Germany
- 8.3.1.3. France
- 8.3.1.4. Saudi Arabia
- 8.3.1.5. United Arab Emirates
- 8.3.1.6. Italy
- 8.3.1.7. Russia
- 8.3.2. Europe, Middle East & Africa Medical Coding Market, by Classification System
- 8.3.3. Europe, Middle East & Africa Medical Coding Market, by Component
- 8.3.4. Europe, Middle East & Africa Medical Coding Market, by End User
- 8.3.1. Europe, Middle East & Africa Medical Coding Market, by Country
- 8.4. Asia-Pacific Medical Coding Market
- 8.4.1. Asia-Pacific Medical Coding Market, by Country
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.2. Asia-Pacific Medical Coding Market, by Classification System
- 8.4.3. Asia-Pacific Medical Coding Market, by Component
- 8.4.4. Asia-Pacific Medical Coding Market, by End User
- 8.4.1. Asia-Pacific Medical Coding Market, by Country
9. Competitive Strategic Window
- 9.1. Introduction
- 9.1.1. Leverage Zone
- 9.1.2. Vantage Zone
- 9.1.3. Speculative Zone
- 9.1.4. Bottleneck Zone
10. FPNV Positioning Matrix
- 10.1. Introduction
- 10.2. Scores
- 10.2.1. Forefront
- 10.2.2. Pathfinders
- 10.2.3. Niche
- 10.2.4. Vital
- 10.3. Business Strategy
- 10.4. Product Satisfaction
11. Competitive News Feed Analysis
12. Company Usability Profiles
- 12.1. 3M Company
- 12.2. Aviacode Inc.
- 12.3. Dolbey
- 12.4. Maxim Health Information Services
- 12.5. Medical Record Associates LLC
- 12.6. Nuance Communications, Inc.
- 12.7. Optum, Inc.
- 12.8. Oracle Corporation
- 12.9. Parexel International Corporation
- 12.10. Precyse Solutions LLC
- 12.11. STARTEK Health
- 12.12. Verisk Analytics
- 12.13. nThrive, Inc.
13. Appendix
- 13.1. Top Reports
- 13.2. Author Details
LIST OF TABLES (30 TABLES)
TABLE 1. GLOBAL MEDICAL CODING MARKET SIZE, 2016 - 2024 (USD BILLION)
TABLE 2. GLOBAL MEDICAL CODING MARKET RANKING, BY VENDORS, 2017
TABLE 3. GLOBAL MEDICAL CODING MARKET SIZE, BY CLASSIFICATION SYSTEM, 2016 - 2024 (USD BILLION)
TABLE 4. GLOBAL MEDICAL CODING MARKET SIZE, BY HEALTHCARE COMMON PROCEDURE CODE SYSTEM, BY GEOGRAPHY, 2016 - 2024 (USD BILLION)
TABLE 5. GLOBAL MEDICAL CODING MARKET SIZE, BY INTERNATIONAL CLASSIFICATION OF DISEASES, BY GEOGRAPHY, 2016 - 2024 (USD BILLION)
TABLE 6. GLOBAL MEDICAL CODING MARKET SIZE, BY COMPONENT, 2016 - 2024 (USD BILLION)
TABLE 7. GLOBAL MEDICAL CODING MARKET SIZE, BY IN-HOUSE, BY GEOGRAPHY, 2016 - 2024 (USD BILLION)
TABLE 8. GLOBAL MEDICAL CODING MARKET SIZE, BY OUTSOURCED, BY GEOGRAPHY, 2016 - 2024 (USD BILLION)
TABLE 9. GLOBAL MEDICAL CODING MARKET SIZE, BY END USER, 2016 - 2024 (USD BILLION)
TABLE 10. GLOBAL MEDICAL CODING MARKET SIZE, BY DIAGNOSTIC CENTERS, BY GEOGRAPHY, 2016 - 2024 (USD BILLION)
TABLE 11. GLOBAL MEDICAL CODING MARKET SIZE, BY HOSPITALS & CARE PROVIDERS, BY GEOGRAPHY, 2016 - 2024 (USD BILLION)
TABLE 12. GLOBAL MEDICAL CODING MARKET SIZE, BY GEOGRAPHY, 2016 - 2024 (USD BILLION)
TABLE 13. AMERICAS MEDICAL CODING MARKET SIZE, 2016 - 2024 (USD BILLION)
TABLE 14. AMERICAS MEDICAL CODING MARKET SIZE, BY CLASSIFICATION SYSTEM, 2016 - 2024 (USD BILLION)
TABLE 15. AMERICAS MEDICAL CODING MARKET SIZE, BY COMPONENT, 2016 - 2024 (USD BILLION)
TABLE 16. AMERICAS MEDICAL CODING MARKET SIZE, BY END USER, 2016 - 2024 (USD BILLION)
TABLE 17. EUROPE, MIDDLE EAST & AFRICA MEDICAL CODING MARKET SIZE, 2016 - 2024 (USD BILLION)
TABLE 18. EUROPE, MIDDLE EAST & AFRICA MEDICAL CODING MARKET SIZE, BY CLASSIFICATION SYSTEM, 2016 - 2024 (USD BILLION)
TABLE 19. EUROPE, MIDDLE EAST & AFRICA MEDICAL CODING MARKET SIZE, BY COMPONENT, 2016 - 2024 (USD BILLION)
TABLE 20. EUROPE, MIDDLE EAST & AFRICA MEDICAL CODING MARKET SIZE, BY END USER, 2016 - 2024 (USD BILLION)
TABLE 21. ASIA-PACIFIC MEDICAL CODING MARKET SIZE, 2016 - 2024 (USD BILLION)
TABLE 22. ASIA-PACIFIC MEDICAL CODING MARKET SIZE, BY CLASSIFICATION SYSTEM, 2016 - 2024 (USD BILLION)
TABLE 23. ASIA-PACIFIC MEDICAL CODING MARKET SIZE, BY COMPONENT, 2016 - 2024 (USD BILLION)
TABLE 24. ASIA-PACIFIC MEDICAL CODING MARKET SIZE, BY END USER, 2016 - 2024 (USD BILLION)
TABLE 25. 360IRESEARCH SCORES FOR FOREFRONT IN MEDICAL CODING MARKET
TABLE 26. 360IRESEARCH SCORES FOR PATHFINDERS IN MEDICAL CODING MARKET
TABLE 27. 360IRESEARCH SCORES FOR NICHE IN MEDICAL CODING MARKET
TABLE 28. 360IRESEARCH SCORES FOR VITAL IN MEDICAL CODING MARKET
TABLE 29. 360IRESEARCH FPNV POSITIONING MATRIX BUSINESS STRATEGY FOR MEDICAL CODING MARKET
TABLE 30. 360IRESEARCH FPNV POSITIONING MATRIX PRODUCT SATISFACTION FOR MEDICAL CODING MARKET
LIST OF FIGURES (26 TABLES)
FIGURE 1. GLOBAL MEDICAL CODING MARKET: YEARS CONSIDERED FOR THE STUDY
FIGURE 2. GLOBAL MEDICAL CODING MARKET: KEY RESEARCH METHODOLOGY
FIGURE 3. GLOBAL MEDICAL CODING MARKET: KEY RESEARCH INSTRUMENTS
FIGURE 4. GLOBAL MEDICAL CODING MARKET: KEY SECONDARY INSTRUMENT SOURCES
FIGURE 5. GLOBAL MEDICAL CODING MARKET: KEY POTENTIAL RESPONDENTS
FIGURE 6. GLOBAL MEDICAL CODING MARKET: KEY BREAKDOWN OF PRIMARY INSTRUMENT
FIGURE 7. GLOBAL MEDICAL CODING MARKET: KEY RESEARCH APPROACHES
FIGURE 8. GLOBAL MEDICAL CODING MARKET: KEY DATA TRIANGULATION
FIGURE 9. GLOBAL MEDICAL CODING MARKET: KEY RESEARCH ASSUMPTIONS
FIGURE 10. MEDICAL CODING MARKET: KEY MARKET CONNECTIVITY
FIGURE 11. GLOBAL MEDICAL CODING MARKET SIZE, 2016 - 2024 (USD BILLION)
FIGURE 12. GLOBAL MEDICAL CODING MARKET SIZE, BY CLASSIFICATION SYSTEM, 2017 VS 2024 (USD BILLION)
FIGURE 13. GLOBAL MEDICAL CODING MARKET SIZE, BY HEALTHCARE COMMON PROCEDURE CODE SYSTEM, BY GEOGRAPHY, 2017 VS 2024 (USD BILLION)
FIGURE 14. GLOBAL MEDICAL CODING MARKET SIZE, BY INTERNATIONAL CLASSIFICATION OF DISEASES, BY GEOGRAPHY, 2017 VS 2024 (USD BILLION)
FIGURE 15. GLOBAL MEDICAL CODING MARKET SIZE, BY COMPONENT, 2017 VS 2024 (USD BILLION)
FIGURE 16. GLOBAL MEDICAL CODING MARKET SIZE, BY IN-HOUSE, BY GEOGRAPHY, 2017 VS 2024 (USD BILLION)
FIGURE 17. GLOBAL MEDICAL CODING MARKET SIZE, BY OUTSOURCED, BY GEOGRAPHY, 2017 VS 2024 (USD BILLION)
FIGURE 18. GLOBAL MEDICAL CODING MARKET SIZE, BY END USER, 2017 VS 2024 (USD BILLION)
FIGURE 19. GLOBAL MEDICAL CODING MARKET SIZE, BY DIAGNOSTIC CENTERS, BY GEOGRAPHY, 2017 VS 2024 (USD BILLION)
FIGURE 20. GLOBAL MEDICAL CODING MARKET SIZE, BY HOSPITALS & CARE PROVIDERS, BY GEOGRAPHY, 2017 VS 2024 (USD BILLION)
FIGURE 21. GLOBAL MEDICAL CODING MARKET SIZE, BY GEOGRAPHY, 2017 (USD BILLION)
FIGURE 22. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL MEDICAL CODING MARKET, BY CLASSIFICATION SYSTEM, 2024
FIGURE 23. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL MEDICAL CODING MARKET, BY COMPONENT, 2024
FIGURE 24. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL MEDICAL CODING MARKET, BY END USER, 2024
FIGURE 25. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL MEDICAL CODING MARKET, BY GEOGRAPHY, 2024
FIGURE 26. 360IRESEARCH FPNV POSITIONING MATRIX FOR MEDICAL CODING MARKET
Summary:
Get latest Market Research Reports on Medical Coding . Industry analysis & Market Report on Medical Coding is a syndicated market report, published as Global Medical Coding Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update). It is complete Research Study and Industry Analysis of Medical Coding market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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