Computer-aided coding software resolves various issues by analysing the medical record or document for specific keywords. The keywords are analysed by comparing the document data with the available database. The global computer-assisted coding market is projected to reach $4.86 Billion by 2024 at a CAGR of 11.7% during the forecast period. Growing regulatory requirements for patient data management and a growing focus on physician computer-assisted coding in outpatient settings are the drivers boosting the market growth. On the flip side, lack of on-site CAC support and in-house CAC domain knowledge and high implementation and maintenance costs are the restraints hampering the market growth. Emerging markets and growing adoption of cloud-based solutions are the opportunities enhancing the market growth.
Research Study Objectives:
- Define, estimate, and forecast the computer-assisted coding market statistics by products & services, mode of delivery, application, end user, and regions concerning the individual growth drivers, market trends and their contribution toward the computer-assisted coding market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the computer-assisted coding market analysis
- Analysis and conclusions on the future computer-assisted coding market outlook.
Top-down and bottom-up approaches are used to validate the computer-assisted coding market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations
and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The
computer-assisted coding market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the
computer-assisted coding market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Computer Assisted Coding market segmentation is as follows:
By Products & Services
By Mode of delivery
- Web-Based Solutions
- On-Premise Solutions
- Cloud-Based Solutions
By Application
- Automated Computer-Assisted Encoding
- Management Reporting and Analytics
- Clinical Coding Auditing
By End User
- Hospitals
- Physician Practices
- Academic Medical Centers
- Clinical Laboratories and Diagnostic Centers
- Other Healthcare Providers
- Payers
Geographical Analysis:
Computer Assisted Coding Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and
many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the computer-assisted coding market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Computer Assisted Coding Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant computer-assisted coding market players, such as
- 3M Company
- Optum, Inc.
- Nuance Communications, Inc.
- Cerner Corporation
- Mckesson Corporation.
- Along with these companies, many other companies are considered in the report while analysing the global computer-assisted coding competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
