DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Medical Coding Market Size, Share & Trends Analysis Report By Classification System (International Classification of Diseases, Healthcare Common Procedure Code System), By Component, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global medical coding market size is expected to reach USD 25.4 billion by 2025, registering a 10% CAGR during the forecast period. Rising need for a universal language to reduce frauds and misinterpretations associated with insurance claims is driving market growth.

Presently, medical coding is in its initial phase with frequent introduction of advanced versions of classification systems. In addition, number of coders is constantly rising as a result of career opportunities in this field. Escalating demand for coding services, coupled with the aforementioned factors, is driving market growth.

Constant revisions in classification systems and its global acceptance is expected to result in lucrative growth during the forecast years. Rising demand for world-class healthcare services in developing regions is also anticipated to boost adoption of medical coding procedures.

Key Findings

The number of professional coders is expected to rise significantly during the forecast period, boosting the number of companies providing platforms for medical coding professionals The market is highly fragmented with presence of many local providers offering a wide array of services Some of the major companies are Oracle Corporation; STARTEK Health, Aviacode, Inc.; Verisk Analytics; Maxim Health Information Services; Parexel International Corporation; Medical Record Associates LLC; and Precyse Solutions, LLC

Key Topics Covered

Chapter 1 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Industry Outlook

Chapter 4 Medical Coding: Classification System Estimates & Trend Analysis

Chapter 5 Medical Coding Market: Component Estimates & Trend Analysis

Chapter 6 Medical Coding: Regional Estimates & Trend Analysis, by Classification System & Component

Chapter 7 Competitive Landscape - Company Profiles

STARTEK Health Oracle Corporation Verisk Analytics Aviacode Inc. Parexel International Corporation Maxim Health Information Services Precyse Solutions LLC Medical Record Associates LLC

For more information about this report visit https://www.researchandmarkets.com/research/45xf3l/24_5_billion?w=4

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Related Topics:Healthcare Administration

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HEALTH PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES MANAGED CARE

SOURCE: Research and Markets

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PUB: 08/31/2018 08:25 AM/DISC: 08/31/2018 08:25 AM

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