Computer Assisted Coding Market Size to Reach USD 13.08 Billion Globally with Growing CAGR of 13.8% by 2030, Industry Trends, Growth Opportunities and Revenue outlook

New York, United States-

COMPUTER ASSISTED CODING MARKET report is an excellent report that makes it possible to the HEALTHCARE industry to take strategic decisions and achieve growth objectives. HEALTHCARE industry can be highly benefited with this market research report which brings market and competitive landscape clearly into the focus and help make better decisions. In this business document, market segmentation has also been performed in detail based on various parameters that include applications, verticals, deployment model, end user, and geography. Expert solutions combined with potential capabilities make computer assisted coding market survey report outperforming for the healthcare industry.

Data Bridge Market Research analyses that the computer assisted coding market which is USD 4.65 billion in 2022, is expected to reach USD 13.08 billion by 2030, at a CAGR of 13.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Overview:

A computer-assisted coding system (CAC) is software that analyses medical records and generates a unique keyword for specific phrases and terms. These keywords provided by (CACS) can help to increase productivity and decrease administrative processing time. The primary goal of computer-assisted coding software is to reduce errors and increase the facility’s efficiency. Computer-assisted coding provides products and services such as software, structured input software, standalone software, services, integrated software, support and maintenance, and education and training. It is used in a variety of applications, including automated computer-assisted coding, management reporting and analytics, and clinical coding auditing.

Recent Developments:

In 2022, Oracle acquired Cerner Corporation, a provider of digital information systems used within hospitals to enable medical professionals to provide better healthcare.

In 2021, 3M Company launched a new technology platform that allows healthcare providers and payers to prioritize care and allocate resources for high-risk individuals and patient populations. 3M social determinants of health analytics (3M SDoH) integrates clinical, social, and population health data to provide a comprehensive picture of patient health.

Some of the major players operating in the computer assisted coding market are: 

  • 3M (U.S.)
  • Optum Inc. (U.S.)
  • Nuance Communications, Inc. (U.S.)
  • MCKESSON CORPORATION (U.S.)
  • Cerner Corporation (U.S.)
  • Dolbey (U.S.)
  • The Craneware Group (U.K.)
  • Artificial Medical Intelligence (U.S.)
  • TruCode LLC (U.S.)
  • Streamline Healthcare Solutions (India)
  • Epic Systems Corporation (U.S.)
  • athenahealth, Inc. (U.S.)
  • iMedX Inc. (U.S.)

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Key highlights of this Market report:

-Growth rate

-Remuneration prediction

-Consumption graph

-Market concentration ratio

-Secondary industry competitors

-Competitive structure

-Major restraints

-Market drivers

-Regional bifurcation

-Competitive hierarchy

-Current market tendencies

-Market concentration analysis

Global Computer Assisted Coding Market Scope:

Product:

  • Software
  • Standalone software
  • Natural language processing software
  • Structured input software
  • Integrated software
  • Services
  • Support
  • Maintenance and education and training

 Mode of Delivery          :

  • Web-Based Solutions
  • On-Premise Solutions
  • Cloud-Based Solutions

 Application

  • Automated Computer-Assisted Encoding
  • Management Reporting and Analytics
  • Clinical Coding Auditing

 End User

  • Hospitals
  • Physician Practices
  • Academic Medical Centers
  • Clinical Laboratories
  • Diagnostic Centers
  • Other

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