Global Medical Coding Market is valued USD xxx billion in 2016 is anticipated to grow USD xxx billion with the compounded annual growth of xxx % over the forecast period 2017-2025.

New York 14 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Medical Coding Market industry is poised to raise USD xxx billion by 2025. In House & Outsourced are the Component of the Global Medical Coding Market. End Component market is further segmented at the regional level. Regional penetration for each Application is derived from the macroeconomic factors such as Per-capita Income size, GDP, & International trade the regional level applications are further segmented into End user based on their usage in respective applications.

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Global Medical Coding Market Size study, by Classification System, by Component and by Regional Forecasts 2017-2025

The industry is seems to be fairly competitive Some of the key manufacturers involved in the market – Oracle Corporation, Verisk Analytics, Aviacode.Inc, Parexel International Corporation , Maxim Health Information Services,  Precyse Solutions, LLC, Medical Record Associates LLC & STARTEK Health. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirement

Key findings of the study:

  • Rising occurrence of insurance frauds and insurance issues associated with misinterpretation of medical documents is driving demand for medical coding services.
  • Rising need for a universal language in medical documents in order to streamline hospital billing procedures is driving the growth of the market. 

Bizwit Research & Consulting LLP has considered following segments for the study:

By Classification System:

  • International Classification of Diseases (ICD)
  • Healthcare Common Procedure Coding System (HCPCS)

By Component:

  • In House
  • Outsourced

Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

To get a sample of this report or to purchase a copy of the study, you can directly contact us. Or mail to us at: sales@bizwitresearch.com

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