The global Medical Coding market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 aims to provide a comprehensive presentation of the global market for Medical Coding, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medical Coding. This report contains market size and forecasts of Medical Coding in global, including the following market information:
- Global Medical Coding Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Healthcare Universal Program Coding System (HCPCS) Segment to Reach $ Million by 2029, 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 2022, the global top five players have a share approximately % in terms of revenue.
We 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, 2018-2023, 2024-2032 ($ millions)
Global Medical Coding Market Segment Percentages, by Type, 2022 (%)
- Healthcare Universal Program Coding System (HCPCS)
- International Classification Of Diseases (ICD)
- Current Procedure Term (CPT) Medical Coding System
Global Medical Coding Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Medical Coding Market Segment Percentages, by Application, 2022 (%)
- Hospital
- Insurance Company
- Private Health Care Organizations
- Other
Global Medical Coding Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Medical Coding Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Medical Coding revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Medical Coding revenues share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Medical Coding, market overview.
Chapter 2: Global Medical Coding market size in revenue.
Chapter 3: Detailed analysis of Medical Coding company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Medical Coding in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF 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: 2022 VS 2032
2.2 Global Medical Coding Market Size, Prospects & Forecasts: 2018-2032
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 2022
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, 2022 & 2032
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, 2018-2023
4.2.2 By Type - Global Medical Coding Revenue, 2024-2032
4.2.3 By Type - Global Medical Coding Revenue Market Share, 2018-2032
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Medical Coding Market Size, 2022 & 2032
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, 2018-2023
5.2.2 By Application - Global Medical Coding Revenue, 2024-2032
5.2.3 By Application - Global Medical Coding Revenue Market Share, 2018-2032
6 Sights by Region
6.1 By Region - Global Medical Coding Market Size, 2022 & 2032
6.2 By Region - Global Medical Coding Revenue & Forecasts
6.2.1 By Region - Global Medical Coding Revenue, 2018-2023
6.2.2 By Region - Global Medical Coding Revenue, 2024-2032
6.2.3 By Region - Global Medical Coding Revenue Market Share, 2018-2032
6.3 North America
6.3.1 By Country - North America Medical Coding Revenue, 2018-2032
6.3.2 US Medical Coding Market Size, 2018-2032
6.3.3 Canada Medical Coding Market Size, 2018-2032
6.3.4 Mexico Medical Coding Market Size, 2018-2032
6.4 Europe
6.4.1 By Country - Europe Medical Coding Revenue, 2018-2032
6.4.2 Germany Medical Coding Market Size, 2018-2032
6.4.3 France Medical Coding Market Size, 2018-2032
6.4.4 U.K. Medical Coding Market Size, 2018-2032
6.4.5 Italy Medical Coding Market Size, 2018-2032
6.4.6 Russia Medical Coding Market Size, 2018-2032
6.4.7 Nordic Countries Medical Coding Market Size, 2018-2032
6.4.8 Benelux Medical Coding Market Size, 2018-2032
6.5 Asia
6.5.1 By Region - Asia Medical Coding Revenue, 2018-2032
6.5.2 China Medical Coding Market Size, 2018-2032
6.5.3 Japan Medical Coding Market Size, 2018-2032
6.5.4 South Korea Medical Coding Market Size, 2018-2032
6.5.5 Southeast Asia Medical Coding Market Size, 2018-2032
6.5.6 India Medical Coding Market Size, 2018-2032
6.6 South America
6.6.1 By Country - South America Medical Coding Revenue, 2018-2032
6.6.2 Brazil Medical Coding Market Size, 2018-2032
6.6.3 Argentina Medical Coding Market Size, 2018-2032
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Medical Coding Revenue, 2018-2032
6.7.2 Turkey Medical Coding Market Size, 2018-2032
6.7.3 Israel Medical Coding Market Size, 2018-2032
6.7.4 Saudi Arabia Medical Coding Market Size, 2018-2032
6.7.5 UAE Medical Coding Market Size, 2018-2032
7 Medical Coding Companies Profiles
7.1 Maxim Health Information Services
7.1.1 Maxim Health Information Services Company 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 (2018-2023)
7.1.5 Maxim Health Information Services Key News & Latest Developments
7.2 Optum
7.2.1 Optum Company 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 (2018-2023)
7.2.5 Optum Key News & Latest Developments
7.3 NThrive
7.3.1 NThrive Company 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 (2018-2023)
7.3.5 NThrive Key News & Latest Developments
7.4 STARTEK Health
7.4.1 STARTEK Health Company 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 (2018-2023)
7.4.5 STARTEK Health Key News & Latest Developments
7.5 Parexel International Corporation
7.5.1 Parexel International Corporation Company 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 (2018-2023)
7.5.5 Parexel International Corporation Key News & Latest Developments
7.6 Oracle Corporation
7.6.1 Oracle Corporation Company 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 (2018-2023)
7.6.5 Oracle Corporation Key News & Latest Developments
7.7 Merck
7.7.1 Merck Company 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 (2018-2023)
7.7.5 Merck Key News & Latest Developments
7.8 Aviacode
7.8.1 Aviacode Company 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 (2018-2023)
7.8.5 Aviacode Key News & Latest Developments
7.9 Verisk Analytics
7.9.1 Verisk Analytics Company 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 (2018-2023)
7.9.5 Verisk Analytics Key News & Latest Developments
7.10 Medical Record Associates
7.10.1 Medical Record Associates Company 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 (2018-2023)
7.10.5 Medical Record Associates Key News & Latest Developments
7.11 Precyse Solutions
7.11.1 Precyse Solutions Company 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 (2018-2023)
7.11.5 Precyse Solutions Key News & Latest Developments
7.12 Nuance Communications
7.12.1 Nuance Communications Company 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 (2018-2023)
7.12.5 Nuance Communications Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
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 (2022)
Table 6. Global Medical Coding Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Medical Coding Revenue Share by Companies, 2018-2023
Table 8. Global Companies Medical Coding Product Type
Table 9. List of Global Tier 1 Medical Coding Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Medical Coding Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Medical Coding Revenue, (US$, Mn), 2022 & 2032
Table 12. By Type - Medical Coding Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Medical Coding Revenue in Global (US$, Mn), 2024-2032
Table 14. By Application ? Global Medical Coding Revenue, (US$, Mn), 2022 & 2032
Table 15. By Application - Medical Coding Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Medical Coding Revenue in Global (US$, Mn), 2024-2032
Table 17. By Region ? Global Medical Coding Revenue, (US$, Mn), 2022 & 2032
Table 18. By Region - Global Medical Coding Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Medical Coding Revenue (US$, Mn), 2024-2032
Table 20. By Country - North America Medical Coding Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Medical Coding Revenue, (US$, Mn), 2024-2032
Table 22. By Country - Europe Medical Coding Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Medical Coding Revenue, (US$, Mn), 2024-2032
Table 24. By Region - Asia Medical Coding Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Medical Coding Revenue, (US$, Mn), 2024-2032
Table 26. By Country - South America Medical Coding Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Medical Coding Revenue, (US$, Mn), 2024-2032
Table 28. By Country - Middle East & Africa Medical Coding Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Medical Coding Revenue, (US$, Mn), 2024-2032
Table 30. Maxim Health Information Services Company Summary
Table 31. Maxim Health Information Services Medical Coding Product Offerings
Table 32. Maxim Health Information Services Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 33. Maxim Health Information Services Key News & Latest Developments
Table 34. Optum Company Summary
Table 35. Optum Medical Coding Product Offerings
Table 36. Optum Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 37. Optum Key News & Latest Developments
Table 38. NThrive Company Summary
Table 39. NThrive Medical Coding Product Offerings
Table 40. NThrive Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 41. NThrive Key News & Latest Developments
Table 42. STARTEK Health Company Summary
Table 43. STARTEK Health Medical Coding Product Offerings
Table 44. STARTEK Health Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 45. STARTEK Health Key News & Latest Developments
Table 46. Parexel International Corporation Company Summary
Table 47. Parexel International Corporation Medical Coding Product Offerings
Table 48. Parexel International Corporation Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 49. Parexel International Corporation Key News & Latest Developments
Table 50. Oracle Corporation Company Summary
Table 51. Oracle Corporation Medical Coding Product Offerings
Table 52. Oracle Corporation Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 53. Oracle Corporation Key News & Latest Developments
Table 54. Merck Company Summary
Table 55. Merck Medical Coding Product Offerings
Table 56. Merck Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 57. Merck Key News & Latest Developments
Table 58. Aviacode Company Summary
Table 59. Aviacode Medical Coding Product Offerings
Table 60. Aviacode Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 61. Aviacode Key News & Latest Developments
Table 62. Verisk Analytics Company Summary
Table 63. Verisk Analytics Medical Coding Product Offerings
Table 64. Verisk Analytics Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 65. Verisk Analytics Key News & Latest Developments
Table 66. Medical Record Associates Company Summary
Table 67. Medical Record Associates Medical Coding Product Offerings
Table 68. Medical Record Associates Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 69. Medical Record Associates Key News & Latest Developments
Table 70. Precyse Solutions Company Summary
Table 71. Precyse Solutions Medical Coding Product Offerings
Table 72. Precyse Solutions Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 73. Precyse Solutions Key News & Latest Developments
Table 74. Nuance Communications Company Summary
Table 75. Nuance Communications Medical Coding Product Offerings
Table 76. Nuance Communications Medical Coding Revenue (US$, Mn) & (2018-2023)
Table 77. Nuance Communications Key News & Latest Developments
List of Figures
Figure 1. Medical Coding Segment by Type in 2022
Figure 2. Medical Coding Segment by Application in 2022
Figure 3. Global Medical Coding Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Medical Coding Market Size: 2022 VS 2032 (US$, Mn)
Figure 6. Global Medical Coding Revenue, 2018-2032 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Medical Coding Revenue in 2022
Figure 8. By Type - Global Medical Coding Revenue Market Share, 2018-2032
Figure 9. By Application - Global Medical Coding Revenue Market Share, 2018-2032
Figure 10. By Type - Global Medical Coding Revenue, (US$, Mn), 2022 & 2032
Figure 11. By Type - Global Medical Coding Revenue Market Share, 2018-2032
Figure 12. By Application - Global Medical Coding Revenue, (US$, Mn), 2022 & 2032
Figure 13. By Application - Global Medical Coding Revenue Market Share, 2018-2032
Figure 14. By Region - Global Medical Coding Revenue Market Share, 2018-2032
Figure 15. By Country - North America Medical Coding Revenue Market Share, 2018-2032
Figure 16. US Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 17. Canada Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 18. Mexico Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 19. By Country - Europe Medical Coding Revenue Market Share, 2018-2032
Figure 20. Germany Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 21. France Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 22. U.K. Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 23. Italy Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 24. Russia Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 25. Nordic Countries Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 26. Benelux Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 27. By Region - Asia Medical Coding Revenue Market Share, 2018-2032
Figure 28. China Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 29. Japan Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 30. South Korea Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 31. Southeast Asia Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 32. India Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 33. By Country - South America Medical Coding Revenue Market Share, 2018-2032
Figure 34. Brazil Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 35. Argentina Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 36. By Country - Middle East & Africa Medical Coding Revenue Market Share, 2018-2032
Figure 37. Turkey Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 38. Israel Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 39. Saudi Arabia Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 40. UAE Medical Coding Revenue, (US$, Mn), 2018-2032
Figure 41. Maxim Health Information Services Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Optum Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. NThrive Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. STARTEK Health Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Parexel International Corporation Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Oracle Corporation Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Merck Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Aviacode Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Verisk Analytics Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Medical Record Associates Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. Precyse Solutions Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 52. Nuance Communications Medical Coding Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
