Medical Coding Market - Global Outlook and Forecast 2022-2028

March 2022 | 65 pages | ID: MA60BEC7D1F2EN
Market Monitor Global

Abstracts

Medical coding includes both internal and external models.As a result of the cost-effectiveness of the outsourcing model, the demand for part-time coders is increasing and the number of companies providing outsourcing services is increasing.

This report contains market size and forecasts of Medical Coding in Global, including the following market information:

Global Medical Coding Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Medical Coding market was valued at 27770 million in 2021 and is projected to reach US$ 45420 million by 2028, at a CAGR of 7.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Healthcare Universal Program Coding System (HCPCS) Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Medical Coding include Maxim Health Information Services, Optum, NThrive, STARTEK Health, Parexel International Corporation, Oracle Corporation, Merck, Aviacode and Verisk Analytics, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Medical Coding companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Medical Coding Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Medical Coding Market Segment Percentages, by Type, 2021 (%)

• Healthcare Universal Program Coding System (HCPCS)
• International Classification Of Diseases (ICD)
• Current Procedure Term (CPT) Medical Coding System

Global Medical Coding Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Medical Coding Market Segment Percentages, by Application, 2021 (%)

• Hospital
• Insurance Company
• Private Health Care Organizations
• Other

Global Medical Coding Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Medical Coding Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Medical Coding revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Medical Coding revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Maxim Health Information Services
• Optum
• NThrive
• STARTEK Health
• Parexel International Corporation
• Oracle Corporation
• Merck
• Aviacode
• Verisk Analytics
• Medical Record Associates
• Precyse Solutions
• Nuance Communications

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Medical Coding Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Medical Coding Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL MEDICAL CODING OVERALL MARKET SIZE

2.1 Global Medical Coding Market Size: 2021 VS 2028
2.2 Global Medical Coding Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Medical Coding Players in Global Market
3.2 Top Global Medical Coding Companies Ranked by Revenue
3.3 Global Medical Coding Revenue by Companies
3.4 Top 3 and Top 5 Medical Coding Companies in Global Market, by Revenue in 2021
3.5 Global Companies Medical Coding Product Type
3.6 Tier 1, Tier 2 and Tier 3 Medical Coding Players in Global Market
  3.6.1 List of Global Tier 1 Medical Coding Companies
  3.6.2 List of Global Tier 2 and Tier 3 Medical Coding Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Medical Coding Market Size Markets, 2021 & 2028
  4.1.2 Healthcare Universal Program Coding System (HCPCS)
  4.1.3 International Classification Of Diseases (ICD)
  4.1.4 Current Procedure Term (CPT) Medical Coding System
4.2 By Type - Global Medical Coding Revenue & Forecasts
  4.2.1 By Type - Global Medical Coding Revenue, 2017-2022
  4.2.2 By Type - Global Medical Coding Revenue, 2023-2028
  4.2.3 By Type - Global Medical Coding Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Medical Coding Market Size, 2021 & 2028
  5.1.2 Hospital
  5.1.3 Insurance Company
  5.1.4 Private Health Care Organizations
  5.1.5 Other
5.2 By Application - Global Medical Coding Revenue & Forecasts
  5.2.1 By Application - Global Medical Coding Revenue, 2017-2022
  5.2.2 By Application - Global Medical Coding Revenue, 2023-2028
  5.2.3 By Application - Global Medical Coding Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Medical Coding Market Size, 2021 & 2028
6.2 By Region - Global Medical Coding Revenue & Forecasts
  6.2.1 By Region - Global Medical Coding Revenue, 2017-2022
  6.2.2 By Region - Global Medical Coding Revenue, 2023-2028
  6.2.3 By Region - Global Medical Coding Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Medical Coding Revenue, 2017-2028
  6.3.2 US Medical Coding Market Size, 2017-2028
  6.3.3 Canada Medical Coding Market Size, 2017-2028
  6.3.4 Mexico Medical Coding Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Medical Coding Revenue, 2017-2028
  6.4.2 Germany Medical Coding Market Size, 2017-2028
  6.4.3 France Medical Coding Market Size, 2017-2028
  6.4.4 U.K. Medical Coding Market Size, 2017-2028
  6.4.5 Italy Medical Coding Market Size, 2017-2028
  6.4.6 Russia Medical Coding Market Size, 2017-2028
  6.4.7 Nordic Countries Medical Coding Market Size, 2017-2028
  6.4.8 Benelux Medical Coding Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Medical Coding Revenue, 2017-2028
  6.5.2 China Medical Coding Market Size, 2017-2028
  6.5.3 Japan Medical Coding Market Size, 2017-2028
  6.5.4 South Korea Medical Coding Market Size, 2017-2028
  6.5.5 Southeast Asia Medical Coding Market Size, 2017-2028
  6.5.6 India Medical Coding Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Medical Coding Revenue, 2017-2028
  6.6.2 Brazil Medical Coding Market Size, 2017-2028
  6.6.3 Argentina Medical Coding Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Medical Coding Revenue, 2017-2028
  6.7.2 Turkey Medical Coding Market Size, 2017-2028
  6.7.3 Israel Medical Coding Market Size, 2017-2028
  6.7.4 Saudi Arabia Medical Coding Market Size, 2017-2028
  6.7.5 UAE Medical Coding Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 Maxim Health Information Services
  7.1.1 Maxim Health Information Services Corporate Summary
  7.1.2 Maxim Health Information Services Business Overview
  7.1.3 Maxim Health Information Services Medical Coding Major Product Offerings
  7.1.4 Maxim Health Information Services Medical Coding Revenue in Global Market (2017-2022)
  7.1.5 Maxim Health Information Services Key News
7.2 Optum
  7.2.1 Optum Corporate Summary
  7.2.2 Optum Business Overview
  7.2.3 Optum Medical Coding Major Product Offerings
  7.2.4 Optum Medical Coding Revenue in Global Market (2017-2022)
  7.2.5 Optum Key News
7.3 NThrive
  7.3.1 NThrive Corporate Summary
  7.3.2 NThrive Business Overview
  7.3.3 NThrive Medical Coding Major Product Offerings
  7.3.4 NThrive Medical Coding Revenue in Global Market (2017-2022)
  7.3.5 NThrive Key News
7.4 STARTEK Health
  7.4.1 STARTEK Health Corporate Summary
  7.4.2 STARTEK Health Business Overview
  7.4.3 STARTEK Health Medical Coding Major Product Offerings
  7.4.4 STARTEK Health Medical Coding Revenue in Global Market (2017-2022)
  7.4.5 STARTEK Health Key News
7.5 Parexel International Corporation
  7.5.1 Parexel International Corporation Corporate Summary
  7.5.2 Parexel International Corporation Business Overview
  7.5.3 Parexel International Corporation Medical Coding Major Product Offerings
  7.5.4 Parexel International Corporation Medical Coding Revenue in Global Market (2017-2022)
  7.5.5 Parexel International Corporation Key News
7.6 Oracle Corporation
  7.6.1 Oracle Corporation Corporate Summary
  7.6.2 Oracle Corporation Business Overview
  7.6.3 Oracle Corporation Medical Coding Major Product Offerings
  7.6.4 Oracle Corporation Medical Coding Revenue in Global Market (2017-2022)
  7.6.5 Oracle Corporation Key News
7.7 Merck
  7.7.1 Merck Corporate Summary
  7.7.2 Merck Business Overview
  7.7.3 Merck Medical Coding Major Product Offerings
  7.7.4 Merck Medical Coding Revenue in Global Market (2017-2022)
  7.7.5 Merck Key News
7.8 Aviacode
  7.8.1 Aviacode Corporate Summary
  7.8.2 Aviacode Business Overview
  7.8.3 Aviacode Medical Coding Major Product Offerings
  7.8.4 Aviacode Medical Coding Revenue in Global Market (2017-2022)
  7.8.5 Aviacode Key News
7.9 Verisk Analytics
  7.9.1 Verisk Analytics Corporate Summary
  7.9.2 Verisk Analytics Business Overview
  7.9.3 Verisk Analytics Medical Coding Major Product Offerings
  7.9.4 Verisk Analytics Medical Coding Revenue in Global Market (2017-2022)
  7.9.5 Verisk Analytics Key News
7.10 Medical Record Associates
  7.10.1 Medical Record Associates Corporate Summary
  7.10.2 Medical Record Associates Business Overview
  7.10.3 Medical Record Associates Medical Coding Major Product Offerings
  7.10.4 Medical Record Associates Medical Coding Revenue in Global Market (2017-2022)
  7.10.5 Medical Record Associates Key News
7.11 Precyse Solutions
  7.11.1 Precyse Solutions Corporate Summary
  7.11.2 Precyse Solutions Business Overview
  7.11.3 Precyse Solutions Medical Coding Major Product Offerings
  7.11.4 Precyse Solutions Medical Coding Revenue in Global Market (2017-2022)
  7.11.5 Precyse Solutions Key News
7.12 Nuance Communications
  7.12.1 Nuance Communications Corporate Summary
  7.12.2 Nuance Communications Business Overview
  7.12.3 Nuance Communications Medical Coding Major Product Offerings
  7.12.4 Nuance Communications Medical Coding Revenue in Global Market (2017-2022)
  7.12.5 Nuance Communications Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Medical Coding Market Opportunities & Trends in Global Market
Table 2. Medical Coding Market Drivers in Global Market
Table 3. Medical Coding Market Restraints in Global Market
Table 4. Key Players of Medical Coding in Global Market
Table 5. Top Medical Coding Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Medical Coding Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Medical Coding Revenue Share by Companies, 2017-2022
Table 8. Global Companies Medical Coding Product Type
Table 9. List of Global Tier 1 Medical Coding Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Medical Coding Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Medical Coding Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Medical Coding Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Medical Coding Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Medical Coding Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Medical Coding Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Medical Coding Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Medical Coding Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Medical Coding Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Medical Coding Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Medical Coding Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Medical Coding Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Medical Coding Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Medical Coding Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Medical Coding Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Medical Coding Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Medical Coding Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Medical Coding Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Medical Coding Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Medical Coding Revenue, (US$, Mn), 2023-2028
Table 30. Maxim Health Information Services Corporate Summary
Table 31. Maxim Health Information Services Medical Coding Product Offerings
Table 32. Maxim Health Information Services Medical Coding Revenue (US$, Mn), (2017-2022)
Table 33. Optum Corporate Summary
Table 34. Optum Medical Coding Product Offerings
Table 35. Optum Medical Coding Revenue (US$, Mn), (2017-2022)
Table 36. NThrive Corporate Summary
Table 37. NThrive Medical Coding Product Offerings
Table 38. NThrive Medical Coding Revenue (US$, Mn), (2017-2022)
Table 39. STARTEK Health Corporate Summary
Table 40. STARTEK Health Medical Coding Product Offerings
Table 41. STARTEK Health Medical Coding Revenue (US$, Mn), (2017-2022)
Table 42. Parexel International Corporation Corporate Summary
Table 43. Parexel International Corporation Medical Coding Product Offerings
Table 44. Parexel International Corporation Medical Coding Revenue (US$, Mn), (2017-2022)
Table 45. Oracle Corporation Corporate Summary
Table 46. Oracle Corporation Medical Coding Product Offerings
Table 47. Oracle Corporation Medical Coding Revenue (US$, Mn), (2017-2022)
Table 48. Merck Corporate Summary
Table 49. Merck Medical Coding Product Offerings
Table 50. Merck Medical Coding Revenue (US$, Mn), (2017-2022)
Table 51. Aviacode Corporate Summary
Table 52. Aviacode Medical Coding Product Offerings
Table 53. Aviacode Medical Coding Revenue (US$, Mn), (2017-2022)
Table 54. Verisk Analytics Corporate Summary
Table 55. Verisk Analytics Medical Coding Product Offerings
Table 56. Verisk Analytics Medical Coding Revenue (US$, Mn), (2017-2022)
Table 57. Medical Record Associates Corporate Summary
Table 58. Medical Record Associates Medical Coding Product Offerings
Table 59. Medical Record Associates Medical Coding Revenue (US$, Mn), (2017-2022)
Table 60. Precyse Solutions Corporate Summary
Table 61. Precyse Solutions Medical Coding Product Offerings
Table 62. Precyse Solutions Medical Coding Revenue (US$, Mn), (2017-2022)
Table 63. Nuance Communications Corporate Summary
Table 64. Nuance Communications Medical Coding Product Offerings
Table 65. Nuance Communications Medical Coding Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Medical Coding Segment by Type in 2021
Figure 2. Medical Coding Segment by Application in 2021
Figure 3. Global Medical Coding Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Medical Coding Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Medical Coding Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Medical Coding Revenue in 2021
Figure 8. By Type - Global Medical Coding Revenue Market Share, 2017-2028
Figure 9. By Application - Global Medical Coding Revenue Market Share, 2017-2028
Figure 10. By Region - Global Medical Coding Revenue Market Share, 2017-2028
Figure 11. By Country - North America Medical Coding Revenue Market Share, 2017-2028
Figure 12. US Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Medical Coding Revenue Market Share, 2017-2028
Figure 16. Germany Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 17. France Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Medical Coding Revenue Market Share, 2017-2028
Figure 24. China Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 28. India Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Medical Coding Revenue Market Share, 2017-2028
Figure 30. Brazil Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Medical Coding Revenue Market Share, 2017-2028
Figure 33. Turkey Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Medical Coding Revenue, (US$, Mn), 2017-2028
Figure 37. Maxim Health Information Services Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Optum Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. NThrive Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. STARTEK Health Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Parexel International Corporation Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Oracle Corporation Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Merck Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Aviacode Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Verisk Analytics Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Medical Record Associates Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. Precyse Solutions Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 48. Nuance Communications Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2017-2022)