Computer Assisted Coding Market is Expected to Reach USD 8,148.53 Million & Grow at CAGR of 11.45% Forecast to 2021-2028
Computer Assisted Coding Market is estimated to grow at a rate of 11.45% for 2021-2028 with factors such as high price of computer assisted & rising implementation of cloud-based hindering the market and act as restraints.
Computer assisted coding market has shown an exceptional penetration in developed economies in North America due to the increasing demand of computer assisted coding to reduce the burden on healthcare systems, increasing implementation of healthcare IT solutions among others.
Growing implementation of EHR systems, growing utilization of CAC solutions to curtail rising healthcare costs, growing necessity of regulatory requirement of patient data management will likely to accelerate the growth of the computer assisted coding market in the forecast period of 2020-2027. On the other hand, growing adoption of cloud based solutions will further boost various opportunities that will lead to the growth of the computer assisted coding market in the above mentioned forecast period.
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Key Market Competitors Covered in the Report
- Optum Inc.
- Nuance Communications, Inc
- McKesson Corporation
- Cerner Corporation
- nThrive, Inc
- Craneware, Inc
- Artificial Medical Intelligence
- TruCode LLC
- MModal IP LLC
- Streamline Healthcare Solutions
- Epic Systems Corporation
- athenahealth, Inc.
- Quest Diagnostics
- ezDI, Inc.
- Coding Strategies, Inc.
- ID INFORMATION AND DOCUMENTATION IN THE HEALTH WORK GMBH & CO KGAA
- iMedX, Inc.
- GroupOne Health Source
- One Voice
Scope of the Computer Assisted Coding Market
Computer assisted coding market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific. Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.
- All country based analysis of the computer assisted coding market is further analyzed based on maximum granularity into further segmentation. The market is segmented by product and service into software and services. By mode of delivery, the market is segmented into web-based solutions, on-premise solutions, and cloud-based solutions. By end user, the market is segmented into hospitals, physician practices, academic medical centers, clinical laboratories and diagnostic centers, and other.
- Computer assisted coding helps in resolving issues such as maintaining large amount of patient’s medical record and the personal medical history by analysing the medical record to extract needful information. It saves a lot of time and is more versatile.
- Market Size & Forecast by Revenue | 2021−2028
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Global Computer Assisted Coding Market Scope and Market Size
Computer assisted coding market is segmented on the basis of product, mode of delivery, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the computer assisted coding market is segmented into software and services. Software is further sub-segmented into standalone software and integrated software. Standalone software is further sub-segmented into natural language processing software and structured input software. Services is further segmented into support & maintenance and education & training.
- On the basis of mode of delivery, the computer assisted coding market is segmented into web-based solutions, on-premise solutions and cloud-based solutions
- Based on application, the computer assisted coding market is segmented into automated computer-assisted encoding, management reporting and analytics and clinical coding auditing.
- Computer assisted coding market has also been segmented based on the end user into hospitals, physician practices, academic medical centers, clinical laboratories and diagnostic centers and other.
Computer Assisted Coding Market Country Level Analysis
Computer assisted coding market is analysed and market size insights and trends are provided by country, product, mode of delivery, application and end user as referenced above.
The countries covered in the computer assisted coding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the computer assisted coding market due to increasing adoption of patient-centric approach by healthcare payers, favourable government funding policies, and initiatives for implementing healthcare IT solutions, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to growing healthcare infrastructures and rising economies of the region.
The country section of the computer assisted coding market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Key Pointers Covered in this Market Industry Trends and Forecast to 2028:
-Market New Sales Volumes
-Market Replacement Sales Volumes
-Market Installed Base
-Market By Brands
-Market Procedure Volumes
-Market Product Price Analysis
-Market Healthcare Outcomes
-Market Cost of Care Analysis
-Market Regulatory Framework and Changes
-Market Prices and Reimbursement Analysis
-Market Shares in Different Regions
-Recent Developments for Market Competitors
-Market Upcoming Applications
-Market Innovators Study
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