Global Computer Assisted Coding Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Computer Assisted Coding can be defined as software-based solution that takes a medical record as input, processes it to find specific words or phrases, and supplies the applicable medical codes. CAC offers generation of medical codes directly from clinical documentation. CAC solutions not only improves productivity and coding accuracy, but it also improves quality metrics and hospital reimbursement. Increasing usage of electronic health record (EHR) Systems and growing adoption of computer assisted coding (CAC) solutions as well as surging focus towards patient data management are key drivers for growth of Computer Assisted Coding Market. For instance, according to Statista - in 2020, the global market for electronic health records (EHR) was valued at USD 29 billion and, the market of EHRs globally is forecasted to grow to USD 47 billion by end of 2027. Furthermore, in May 2021, Columbus, Ohio based Healthcare AI company Olive entered in a partnership with Taiwan based ASUS, to launch a new AI medical coding assistant named ASUS Miraico for healthcare providers via the Olive Helps platform. The partnership combines ASUS' technical competencies with Olive's expertise in improving healthcare operations via workflow automations. Also, growing usage of cloud-based solutions in healthcare and rising healthcare infrastructure in emerging economies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, high deployment cost pertaining to on premises solutions and dearth of required professional expertise impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Computer Assisted Coding Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and growing technological advancements in healthcare sector in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as rising healthcare infrastructure and increasing penetration of clinical research organizations in the regions, would create lucrative growth prospects for the Computer Assisted Coding Market across the Asia Pacific region.
Major market players included in this report are:
3M Inc.
Optum Inc.
Nuance Communications, Inc.
McKesson Corporation
Cerner Corporation
Dolbey Systems Inc.
Craneware, Inc.
Artificial Medical Intelligence
TruCode LLC
Streamline Healthcare Solutions
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Software
Services
By Mode of Delivery
Web-Based Solutions
On-Premises 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
Diagnostic Centers
Other
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Computer Assisted Coding Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Global Computer Assisted Coding Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Global Computer Assisted Coding Market, by Product, 2020-2028 (USD Million)
- 1.2.3. Global Computer Assisted Coding Market, by Mode of Delivery, 2020-2028 (USD Million)
- 1.2.4. Global Computer Assisted Coding Market, by Application, 2020-2028 (USD Million)
- 1.2.5. Global Computer Assisted Coding Market, by End User, 2020-2028 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Computer Assisted Coding Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Computer Assisted Coding Market Dynamics
- 3.1. Computer Assisted Coding Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing usage of electronic health record (EHR) Systems.
- 3.1.1.2. Growing adoption of computer assisted coding (CAC) solutions.
- 3.1.1.3. Surging focus towards patient data management.
- 3.1.2. Market Challenges
- 3.1.2.1. High deployment cost pertaining to on premises solutions.
- 3.1.2.2. Dearth of required professional expertise.
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing usage of cloud-based solutions in healthcare.
- 3.1.3.2. Rising healthcare infrastructure in emerging economies.
Chapter 4. Global Computer Assisted Coding Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Computer Assisted Coding Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Computer Assisted Coding Market by Product, Performance - Potential Analysis
- 6.3. Global Computer Assisted Coding Market Estimates & Forecasts by Product 2018-2028 (USD Million)
- 6.4. Computer Assisted Coding Market, Sub Segment Analysis
- 6.4.1. Software
- 6.4.2. Services
Chapter 7. Global Computer Assisted Coding Market, by Mode of Delivery
- 7.1. Market Snapshot
- 7.2. Global Computer Assisted Coding Market by Mode of Delivery, Performance - Potential Analysis
- 7.3. Global Computer Assisted Coding Market Estimates & Forecasts by Mode of Delivery 2018-2028 (USD Million)
- 7.4. Computer Assisted Coding Market, Sub Segment Analysis
- 7.4.1. Web-Based Solutions
- 7.4.2. On-Premises Solutions
- 7.4.3. Cloud-Based Solutions
Chapter 8. Global Computer Assisted Coding Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Computer Assisted Coding Market by Application, Performance - Potential Analysis
- 8.3. Global Computer Assisted Coding Market Estimates & Forecasts by Application 2018-2028 (USD Million)
- 8.4. Computer Assisted Coding Market, Sub Segment Analysis
- 8.4.1. Automated Computer-Assisted Encoding
- 8.4.2. Management Reporting and Analytics
- 8.4.3. Clinical Coding Auditing
Chapter 9. Global Computer Assisted Coding Market, by End User
- 9.1. Market Snapshot
- 9.2. Global Computer Assisted Coding Market by End User, Performance - Potential Analysis
- 9.3. Global Computer Assisted Coding Market Estimates & Forecasts by End User 2018-2028 (USD Million)
- 9.4. Computer Assisted Coding Market, Sub Segment Analysis
- 9.4.1. Hospitals
- 9.4.2. Physician Practices
- 9.4.3. Academic Medical Centers
- 9.4.4. Clinical Laboratories and Diagnostic Centers
- 9.4.5. Other
Chapter 10. Global Computer Assisted Coding Market, Regional Analysis
- 10.1. Computer Assisted Coding Market, Regional Market Snapshot
- 10.2. North America Computer Assisted Coding Market
- 10.2.1. U.S. Computer Assisted Coding Market
- 10.2.1.1. Product estimates & forecasts, 2018-2028
- 10.2.1.2. Mode of Delivery estimates & forecasts, 2018-2028
- 10.2.1.3. Application estimates & forecasts, 2018-2028
- 10.2.1.4. End User estimates & forecasts, 2018-2028
- 10.2.2. Canada Computer Assisted Coding Market
- 10.3. Europe Computer Assisted Coding Market Snapshot
- 10.3.1. U.K. Computer Assisted Coding Market
- 10.3.2. Germany Computer Assisted Coding Market
- 10.3.3. France Computer Assisted Coding Market
- 10.3.4. Spain Computer Assisted Coding Market
- 10.3.5. Italy Computer Assisted Coding Market
- 10.3.6. Rest of Europe Computer Assisted Coding Market
- 10.4. Asia-Pacific Computer Assisted Coding Market Snapshot
- 10.4.1. China Computer Assisted Coding Market
- 10.4.2. India Computer Assisted Coding Market
- 10.4.3. Japan Computer Assisted Coding Market
- 10.4.4. Australia Computer Assisted Coding Market
- 10.4.5. South Korea Computer Assisted Coding Market
- 10.4.6. Rest of Asia Pacific Computer Assisted Coding Market
- 10.5. Latin America Computer Assisted Coding Market Snapshot
- 10.5.1. Brazil Computer Assisted Coding Market
- 10.5.2. Mexico Computer Assisted Coding Market
- 10.6. Rest of The World Computer Assisted Coding Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. 3M Inc.
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Optum Inc.
- 11.2.3. Nuance Communications, Inc.
- 11.2.4. McKesson Corporation
- 11.2.5. Cerner Corporation
- 11.2.6. Dolbey Systems Inc.
- 11.2.7. Craneware, Inc.
- 11.2.8. Artificial Medical Intelligence
- 11.2.9. TruCode LLC
- 11.2.10. Streamline Healthcare Solutions
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption