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- Global Computer Assisted Coding Market – Size, Outlook, Trends and Forecast (2023 – 2030)
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
- Software
- 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.
CHAPTER 1. INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2. RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3. MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Increasing implementation of EHR systems
4.1.2. Growing regulatory requirements for patient data management
4.1.3. Increasing focus on physician computer-assisted coding in outpatient settings
4.1.4. Rising utilisation of CAC solutions to limit the rising healthcare costs
4.2. Market Restraints & Challenges
4.2.1. Lack of on-site CAC support and in-house CAC domain knowledge
4.2.2. High implementation and maintenance costs
4.2.3. The high cost of implantation of integrated CAC systems
4.3. Market Opportunities
4.3.1. Emerging markets
4.3.2. Growing adoption of cloud-based solutions
CHAPTER 5. GLOBAL COMPUTER ASSISTED CODING MARKET– BY
PRODUCTS & SERVICES
5.1. Introduction
5.2. Software
5.2.1. Standalone Software
5.2.1.1. Natural Language Processing Software
5.2.1.2. Structured Input Software
5.2.2. Integrated Software
5.3. Services
5.3.1. Support and Maintenance
5.3.2. Education and Training
CHAPTER 6. GLOBAL COMPUTER ASSISTED CODING MARKET– BY MODE OF
DELIVERY
6.1. Introduction
6.2. Web-Based Solutions
6.3. On-Premise Solutions
6.4. Cloud-Based Solutions
CHAPTER 7. GLOBAL COMPUTER ASSISTED CODING MARKET– BY
APPLICATION
7.1. Introduction
7.2. Automated Computer-Assisted Encoding
7.3. Management Reporting and Analytics
7.4. Clinical Coding Auditing
CHAPTER 8. GLOBAL COMPUTER ASSISTED CODING MARKET– BY END
USER
8.1. Introduction
8.2. Hospitals
8.3. Academic Medical Centers
8.4. Physician Practices
8.5. Clinical Laboratories and Diagnostic Centers
8.6. Payers
8.7. Other Healthcare Providers
CHAPTER 9. GLOBAL COMPUTER ASSISTED CODING MARKET– BY
GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.2.4. Costa Rica
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Chile
9.3.4. Columbia
9.3.5. Others
9.4. Europe
9.4.1. U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Russia
9.4.7. Netherlands
9.4.8. Switzerland
9.4.9. Poland
9.4.10. Others
9.5. APAC
9.5.1. China
9.5.2. Japan
9.5.3. India
9.5.4. South Korea
9.5.5. Australia & New Zealand
9.5.6. Malaysia
9.5.7. Singapore
9.5.8. Others
9.6. Middle East & Africa
9.6.1. UAE
9.6.2. Saudi Arabia
9.6.3. Iran
9.6.4. Iraq
9.6.5. Qatar
9.6.6. South Africa
9.6.7. Algeria
9.6.8. Morocco
9.6.9. Nigeria
9.6.10. Egypt
9.6.11. Others
CHAPTER 10. GLOBAL COMPUTER ASSISTED CODING MARKET– COMPANY
PROFILES
10.1 3M Company
10.2 Optum, Inc.
10.3 Nuance Communications, Inc.
10.4 Cerner Corporation
10.5 Mckesson Corporation
10.6 Dolbey Systems, Inc.
10.7 Artificial Medical Intelligence, Inc.
10.8 Craneware PLC.
10.9 Athenahealth, Inc.
10.10 Streamline Health Solutions, Inc.
10.11 Trucode
10.12 M*Modal IP LLC
10.13 Quest Diagnostics Incorporated
10.14 EPIC Systems Corporation
10.15 Precyse Solutions, LLC (Nthrive, Inc.)
CHAPTER 11. GLOBAL COMPUTER ASSISTED CODING MARKET
COMPETITIVE LANDSCAPE
11.1. Market Share Analysis
11.2. Strategies adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 12. MARKET INSIGHTS
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
CHAPTER 13. APPENDIX
13.1. List of Tables
13.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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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
- Software
- 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.
CHAPTER 1. INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2. RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3. MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Increasing implementation of EHR systems
4.1.2. Growing regulatory requirements for patient data management
4.1.3. Increasing focus on physician computer-assisted coding in outpatient settings
4.1.4. Rising utilisation of CAC solutions to limit the rising healthcare costs
4.2. Market Restraints & Challenges
4.2.1. Lack of on-site CAC support and in-house CAC domain knowledge
4.2.2. High implementation and maintenance costs
4.2.3. The high cost of implantation of integrated CAC systems
4.3. Market Opportunities
4.3.1. Emerging markets
4.3.2. Growing adoption of cloud-based solutions
CHAPTER 5. GLOBAL COMPUTER ASSISTED CODING MARKET– BY
PRODUCTS & SERVICES
5.1. Introduction
5.2. Software
5.2.1. Standalone Software
5.2.1.1. Natural Language Processing Software
5.2.1.2. Structured Input Software
5.2.2. Integrated Software
5.3. Services
5.3.1. Support and Maintenance
5.3.2. Education and Training
CHAPTER 6. GLOBAL COMPUTER ASSISTED CODING MARKET– BY MODE OF
DELIVERY
6.1. Introduction
6.2. Web-Based Solutions
6.3. On-Premise Solutions
6.4. Cloud-Based Solutions
CHAPTER 7. GLOBAL COMPUTER ASSISTED CODING MARKET– BY
APPLICATION
7.1. Introduction
7.2. Automated Computer-Assisted Encoding
7.3. Management Reporting and Analytics
7.4. Clinical Coding Auditing
CHAPTER 8. GLOBAL COMPUTER ASSISTED CODING MARKET– BY END
USER
8.1. Introduction
8.2. Hospitals
8.3. Academic Medical Centers
8.4. Physician Practices
8.5. Clinical Laboratories and Diagnostic Centers
8.6. Payers
8.7. Other Healthcare Providers
CHAPTER 9. GLOBAL COMPUTER ASSISTED CODING MARKET– BY
GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.2.4. Costa Rica
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Chile
9.3.4. Columbia
9.3.5. Others
9.4. Europe
9.4.1. U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Russia
9.4.7. Netherlands
9.4.8. Switzerland
9.4.9. Poland
9.4.10. Others
9.5. APAC
9.5.1. China
9.5.2. Japan
9.5.3. India
9.5.4. South Korea
9.5.5. Australia & New Zealand
9.5.6. Malaysia
9.5.7. Singapore
9.5.8. Others
9.6. Middle East & Africa
9.6.1. UAE
9.6.2. Saudi Arabia
9.6.3. Iran
9.6.4. Iraq
9.6.5. Qatar
9.6.6. South Africa
9.6.7. Algeria
9.6.8. Morocco
9.6.9. Nigeria
9.6.10. Egypt
9.6.11. Others
CHAPTER 10. GLOBAL COMPUTER ASSISTED CODING MARKET– COMPANY
PROFILES
10.1 3M Company
10.2 Optum, Inc.
10.3 Nuance Communications, Inc.
10.4 Cerner Corporation
10.5 Mckesson Corporation
10.6 Dolbey Systems, Inc.
10.7 Artificial Medical Intelligence, Inc.
10.8 Craneware PLC.
10.9 Athenahealth, Inc.
10.10 Streamline Health Solutions, Inc.
10.11 Trucode
10.12 M*Modal IP LLC
10.13 Quest Diagnostics Incorporated
10.14 EPIC Systems Corporation
10.15 Precyse Solutions, LLC (Nthrive, Inc.)
CHAPTER 11. GLOBAL COMPUTER ASSISTED CODING MARKET
COMPETITIVE LANDSCAPE
11.1. Market Share Analysis
11.2. Strategies adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 12. MARKET INSIGHTS
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
CHAPTER 13. APPENDIX
13.1. List of Tables
13.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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