Global Computer Assisted Coding Market Will Be Growing at a CAGR of 11.3% by 2024

Global Computer Assisted Coding Market accounted to USD 2.5 billion in 2016 growing at a CAGR of 11.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

 

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Market Definition: Global Computer Assisted Coding Market

Healthcare sectors need to store and manage the large amount of patient’s medical record. These records are of patient’s personal data and treatment history. To manually handle all these important records is tedious for administrative. Therefore computer assisted coding software intent to resolve such issues by analyzing the medical record to extract needful information. The productivity and reduced process time boosts the market.

Major Market Drivers and Restraints:

  • Increasing use of CAC solutions to control the rising healthcare costs.
  • Rise in usage of electronic health record system.
  • Growing governing requirements for patient data management.
  • Provides precise coding.
  • High price of computer assisted coding system.
  • Rising implementation of cloud-based solutions.

The global computer assisted coding market the market is segmented by product and service into software and services. Software is further sub segmented into standalone software and integrated software. Standalone Software is again sub segmented into natural language processing software and structured input software. Services is further segmented into support & maintenance and education & training.

By mode of delivery the market is segmented into web-based solutions, on-premise solutions, cloud-based solutions.

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On the basis of application the market is further sub segmented into automated computer-assisted encoding, management reporting and analytics and clinical coding auditing.

By end user the hospitals, physician practices, academic medical centers, clinical laboratories and diagnostic centers, other healthcare providers and payers.

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On the basis of geography, global computer assisted coding market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Computer Assisted Coding Market

 

Some of the major players of the global service market for data center market are Cisco Systems, Inc., IBM  Corporation, Schneider Electric SE, FUJITSU, Huawei Technologies Co., Ltd., Equinix, Inc., Hitachi, Ltd., Dell, Bharat Sanchar Nigam Limited, CtrlS Datacenters Ltd, Netmagic Solutions, Tata Communications Ltd., among others.

 

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