Computer-assisted Coding Market Size & Share, by Product [Software (Standalone, Integrated), Services (Support & Maintenance, Education & Training)]; Deployment (Cloud-based, On-premise, Web-based); Application (Automated Computer-assisted Encoding, Management Reporting & Analytics, Clinical Coding Auditing); End-user (Hospitals, Clinical Laboratories, Diagnostic Centers) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5622
  • Published Date: Feb 07, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


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Computer-assisted Coding Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 11%

Base Year Market Size (2023)

 ~ USD 5 Billion

Forecast Year Market Size (2036)

 ~ USD 22 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Computer-assisted Coding Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Deployment of Digital Healthcare - By lowering the need for manual coding and increasing coding accuracy, the use of coding software in healthcare organizations can save costs by preventing claim denials and guaranteeing proper reimbursement. Computer-assisted coding software is thereby satisfying the demand for accurate and efficient coding solutions, which has been brought about by the expanding digital healthcare initiatives. For instance, the Global Strategy on Digital Health 2020–2025 and other WHO norms and standards for Digital Health System Transformation are intended to be implemented more easily with the help of the Global Initiative on Digital Health (GIDH), a network of stakeholders administered by the World Health Organization. The Initiative will act as a platform for a broad global ecosystem to collaborate to enhance national capacity and fortify international collaboration in the field of digital health.
  • Surge in the Advancements in Natural Processing (NLP) Technology - The growing advancements in natural language processing (NLP) are expanding computer-assisted coding software because NLP enables the software to understand and interpret human language more effectively. This allows the software to analyze medical documentation, identify key information, and suggest appropriate codes accurately. For instance, NLP software for healthcare can more accurately give focused treatments or therapies than manual data processing by extracting important insights from clinical paperwork, such as medication dose or risk factors that may be pertinent to a specific patient's health. Therefore, the growing implementation of NLP in the healthcare industry is accelerating the growth of the market. According to a report in 2023, with an enormous 39% of the market, natural language processing (NLP) is the dominant player in the healthcare industry.
  • Increased Regulatory Requirements for the Management of Patient Data - The market for computer-assisted coding software is expanding due to the increasing regulatory requirements for patient data management, which call for precise and compliant coding techniques. The software's sophisticated features allow it to evaluate medical records, find pertinent codes, and highlight any possible compliance problems. This benefits healthcare businesses by helping them stay in compliance with regulations, avoid fines, and protect patient security and privacy. Regulations like the Healthcare Insurance Portability and Accountability Act (HIPAA) demand the security and privacy of patient data to be protected.

Challenges

  • Higher Deployment and Maintenance Costs - The expansion of the market will be hindered by high setup costs for on-site CAC support and a lack of domain expertise. In addition, the market for computer-assisted coding will be impacted by healthcare professionals' unwillingness to employ CAC systems in developing nations. Therefore, the high implementation costs may hamper the growth of computer-assisted coding market.
  • Lack of Skilled Workforce for System Support may Hinder the Growth of the Market
  • Disinclination to Adopt CAC Solutions Among Healthcare Providers in Emerging Markets may Impede the Growth of the Market


Computer-assisted Coding Segmentation

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:

     Product

  • Software
    • Standalone
    •  Integrated
  • Services
    • Support & Maintenance
    • Education & Training

     Deployment

  • Cloud-based
  • On-premise
  • Web-based

     Application

  • Automated Computer-assisted Encoding
  • Management Reporting & Analytics
  • Clinical Coding Auditing

     End-user

  • Hospitals
  • Clinical Laboratories
  • Diagnostic Centers

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Computer-assisted Coding Industry - Regional Synopsis

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.

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Companies Dominating the Computer-assisted Coding Landscape

top-features-companies
    • Oracle
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • CoxHealth
    • Cerner Corporation
    • Dolbey Systems Inc.
    • Optum Inc.

In-the-news

In The News

  • Oracle unveiled new features in its next-generation EHR platform, emphasizing how user-friendly, consumer-grade apps can enhance patient and provider experiences. The new Oracle Health EHR platform will offer practical self-service solutions that empower patients while lessening provider pressure and administrative responsibilities. It will have a contemporary UI and simple, guided workflows.
  • With pride, CoxHealth announces that the whole organization will be using Epic for its Electronic Health Record (EHR). This is a significant technological investment that will enhance the way CoxHealth delivers care and how employees collaborate. CoxHealth selected Epic as a solution to enhance information sharing throughout the health system, standardize processes, and offer seamless integration for all-inclusive patient care. With Epic's large patient portal, CoxHealth will also be able to greatly enhance the patient experience.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5622
  • Published Date: Feb 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing deployment of digital healthcare, the surge in the advancements in Natural Processing (NLP) Technology, and increased regulatory requirements for the management of patient data are the major factors driving the growth of the computer-assisted coding market.

The market size of computer-assisted coding is anticipated to attain a CAGR of 11% over the forecast period, i.e., 2024-2036.

The major players in the market are Oracle, CoxHealth, Cerner Corporation, Dolbey Systems Inc., Optum Inc., Fujitsu, NEC Corporation, Astellas Pharma Inc., Otsuka Holdings Co Ltd, NTT DATA Group Corporation, and others.

The web-based segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Computer-assisted Coding Market Report Scope
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