Medical Coding Market Demand, Insights and Forecast by 2030

 Data Bridge Market Research analyses that the medical coding market, which was USD 14.12 billion in 2022, is expected to reach USD 32.89 billion by 2030, at a CAGR of 11.15% during the forecast period 2023 to 2030.

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Market Definition

Medical coding is the process of coding medical data and documents such as physician's notes, test findings, and so on to safeguard them from being used in fraudulent behavior. Medical coding is converting medical documentation and records into internationally recognized alphanumeric numbers and codes. A medical coder's role is to transform diagnostic data, prescriptions, or reports of a patient's condition received from the doctor into codes. A medical coder also assures and validates whether or not medical codes for a specific document are applied.

Global Medical Coding Market Scope

The medical coding market is segmented on the basis of classification system, component, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 

Classification System

 

International Classification of Diseases (ICD)

Healthcare Common Procedure Code System (HCPCS)

Current Procedural Terminology

Component

 

In-house

Outsourced

 End-User

 

Hospitals

Diagnostic Centers

Others

Medical Coding Market Regional Analysis/Insights

The medical coding market is analysed and market size insights and trends are provided by country, classification system, component, and end-user as referenced above.

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