市场调查报告书
商品编码
1134568
医疗编码市场:现状分析及预测(2021年~2027年)Medical Coding Market: Current Analysis and Forecast (2021-2027) |
全球医疗编码的市场规模在预测期间(2021年~2027年)时预计将以约11%的年复合成长率扩大。在当前情况下,越来越多地使用医学编码来创建良好的患者护理记录。
本报告提供全球医疗编码市场相关调查,提供市场概要,以及分类各系统,各零件,各终端用户,各地区的趋势,及加入此市场的主要企业简介等资讯。
The medical coding market is expected to witness a CAGR of around 11% during the forecast period (2021-2027). Medical coding is the transformation of healthcare diagnosis, documentation, medical services, procedures, and equipment into universal medical alphanumeric codes. Medical coding is being increasingly used in the present scenario to create a proper record of patient care, the high demand for streamlining hospital billing procedures, accelerating payments to physicians, and identifying the healthcare areas that require focus, rising need for a universal language to reduce frauds and misinterpretations associated with insurance claims. These factors are the main reason for the growth of this market during the forecast period. Moreover, key market players are launching new technologies in this segment. Furthermore, In March 2020, the CMS released two Healthcare Common Procedure Coding System (HCPCS) codes that laboratories can use to bill for certain COVID-19 diagnostic tests, including those developed in-house according to the new United States Food and Administration (USFDA) guidelines.
Some of the major companies operating in the medical coding market include 3M Company, Aviacode Inc., Maxim Health Information Services, Optum Inc., Oracle Corporation, Talix, The Coding Network LLC, Precyse Solutions LLC, Episource Pvt Ltd, OMH HealthEdge Holdings Inc.
Insights Presented in the Report:
"Amongst Classification System, the removable braces category accounted for the majority share in the market in 2020"
Based on the classification system, the medical coding market is segmented into the healthcare common procedure code system (HCPCS), international classification of diseases (ICD), and current procedural terminology (CPT). In 2020, the international classification of diseases (ICD) category is anticipated to witness a significant growth rate during the forecast period. ICD codes are related to diagnoses, and it allows the systematic recording, analysis, interpretation, and comparison of mortality and morbidity data. The major factors for the growth of this market are morbidity coding and reporting including primary care, certification & reporting of causes of death, diagnosis-related grouping (DRG), assessing and monitoring the safety, efficacy, and quality of care, cancer registries, etc. Furthermore, in January 2021, Innoventrum and Dental Medical Billing entered a partnership under which they launched a premier credentialing program for dental-to-medical cross-coding and billing.
"Amongst Component, the outsourced category is expected to witness the highest CAGR during the forecast period"
Based on components, the medical coding market is categorized into outsourced and in-house. The outsourced category witnessed a significant growth rate during the forecast period medical coding market. Medical care suppliers are progressively outsourcing their medical coding requirements to reduce regulatory expenses. Outsourcing helps in expense reduction, saves time, and smoothing out the work process. Hence, medical services suppliers can focus on quality patient care & engagement. Furthermore, Aviacode Inc. signed a partnership with athenahealth Inc., a U.S.-based company providing network-enabled services to the healthcare sector, through its More Disruption Please (MDP) program. As part of the partnership, Aviacode Inc.'s coding services are now available as an integrated offering, to athenahealth's growing network of more than 100,000 healthcare providers, to help reduce their operational costs, eliminate backlogs, and ensure more-accurate reimbursements.
"Amongst End-User, the hospitals' category is expected to witness the highest CAGR during the forecast period"
Based on end-user, the medical coding market is categorized into hospitals, diagnostic centers, and others. The hospitals' category witnessed a significant growth rate during the forecast period medical coding market. Expanding interest in the transformation of the medical services infrastructure, an increasing number of emergency hospitals, rising electronic records for patients, modernization of lab offices, and government administrative rules are driving the medical coding market in this segment. also, the business specialists are focused on business systems, such as item dispatches, organizations, and relationships with provincial players.
"North America to witness significant growth during the forecast period"
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. This is mainly due to the higher per capita income and the availability of advanced healthcare infrastructure, increasing the adoption rate of new technological advancements in medical coding, EHR, and ongoing initiatives of the government to enhance awareness and provide funding in this region. For instance, according to the Centers for Medicare & Medicaid Services (CMS), U.S. health care spending grew 9.7 percent in 2020, reaching $4.1 trillion or $12,530 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 19.7 percent.
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
Customization Options:
The medical coding market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.