Computer-assisted Coding Market size is anticipated to reach USD 22 Billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of computer-assisted coding was over USD 5 Billion. The need for computer-assisted coding software is being driven by the development of EHRs, which help healthcare organizations increase accuracy and streamline their coding procedures. For instance, by 2020, most clinicians in Europe were using electronic health records or EHRs. Over 80% of the European practitioners surveyed in this study reported using electronic health records. In 2020, almost all responders in Denmark and the Netherlands used electronic health records.
The need for remotely usable computer-assisted coding software is rising as remote work becomes more and more common, enabling programmers to work from any location in the world. Also, the need for computer-assisted coding software is being driven by regulatory compliance requirements, such as the International Classification of Diseases (ICD) and other coding standards since it assists healthcare institutions in remaining compliant and avoiding fines. Therefore, these factors are bolstering the computer-assisted coding market.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 11% |
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Base Year Market Size (2023) |
~ USD 5 Billion |
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Forecast Year Market Size (2036) |
~ USD 22 Billion |
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Regional Scope |
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Deployment (Cloud-based, On-premise, Web-based)
Computer-assisted coding market for the web-based segment is anticipated to hold a share of 46% during the forecast period. With web-based software, complicated installations or updates on particular devices are not necessary because healthcare companies may access the coding software via a web browser. Because they can access the program from any location with an internet connection, healthcare providers can now access it more conveniently and affordably. The market sector is driven by factors like the growing number of government initiatives to use computer-assisted coding, along with technological improvements and developments in healthcare organizations. For some health information systems adopting CAC, web-based services are a common choice, especially if there is an existing programming interface or other medical coding automation tools available. Coded records, including the CPT and ICD-10 codes required to submit a complete claim, along with code linkage, patient data, modifiers, and units, are the output of the workflow for healthcare coding software. Therefore, altogether these factors are contributing to the growth of the web-based segment.
End-user (Hospitals, Clinical Laboratories, Diagnostic Centers)
Hospitals segment in computer-assisted coding market is poised to hold a share of 43% during the projected period. The hospital segment is growing in the market because hospitals face unique challenges when it comes to coding and documentation. Hospitals handle a large volume of patient data and have complex coding needs due to the wide range of medical specialties and procedures they deal with. Computer-assisted coding helps hospitals streamline their coding processes, improving coding accuracy, and ensuring compliance with regulatory requirements. Also, one of the key reasons for the hospital segment's strong growth rate is the widespread and effective use of computer-assisted coding, which lowers healthcare delivery costs without sacrificing compliance. For instance, in a survey of US-based hospitals and health systems, nearly 70% of CAC adopters attested to the increased efficiency that came with computer support.
Our in-depth analysis of the global market includes the following segments:
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Product |
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Deployment |
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Application |
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End-user |
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North American Market Forecast
North American computer-assisted coding market is anticipated to hold the largest share of 36% during the foreseen period. The growth can be accredited to the growing adoption of digital healthcare services in the region. Also, the presence of the major key players in the region is accelerating the growth of the market. For instance, in November 2023, John Muir Health (JMH) and Ambience Healthcare announced their partnership, introducing a generative AI platform that is completely connected with Epic's EHR. Furthermore, telemedicine is a rapidly expanding trend in North America's digital health business that enables people to get healthcare remotely. As per a survey, 52% of North American adults polled in 2022 said they had used telemedicine, which involved a live video conference with their doctor. This was a considerable growth over the years prior.
APAC Market Statistics
Computer-assisted coding market in Asia Pacific is expected to hold a share of 28% by the end of 2036. The growth can be attributed to the growing demand for the reduction of the burden of the healthcare systems in the region. Also, governments in various countries are launching programs for implementing digital healthcare, which is positively impacting the growth of the market. For instance, one of the biggest health insurance programs in the world is Ayushman Bharat, generally referred to as the Pradhan Mantri Jan Arogya Yojana (PMJAY). The objective was to offer monetary safeguarding against unaffordable medical expenses. Also, China published a set of supporting policies for the construction of smart hospitals in 2022, based on the use of electronic medical records (EMRs) systems and other information systems, to optimize medical services and simplify diagnosis and treatment. Therefore, these factors are propelling the growth of the market in the region.
Author Credits: Abhishek Verma
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