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Computer Assisted Coding Market by Software, Service, Application - Global Forecast to 2022

Computer Assisted Coding Market: Global Forecast until 2022

  • July 2017
  • 242 pages
  • ID: 5226968
In this report:
IN 2016, THE NATURAL LANGUAGE PROCESSING-ENABLED CAC SOFTWARE SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF ##.##% OF THE STANDALONE SOFTWARE MARKET IN THE U.S. THIS MARKET IS EXPECTED TO REACH USD ##.## MILLION BY 2022 FROM USD ##.## MILLION IN 2017, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.
IN 2016, THE NATURAL LANGUAGE PROCESSING-ENABLED CAC SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF ##.##% OF THE STANDALONE SOFTWARE MARKET IN THE U.K. THIS SEGMENT IS EXPECTED TO REACH USD ##.## MILLION BY 2022 FROM USD ##.## MILLION IN 2017, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.

Summary

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The overall computer-assisted coding market is estimated to grow ~$4.8B by 2022 at a Compound annual growth rate of 11.50 percent during the forecast period.

The factors projected to drive the increase of the market are increased regulatory requirements for patient data management, growing implementation of EHR, and increasing utilization of computer-assisted coding systems to curtail the soaring healthcare costs. The fast growth in developing countries across Asia-Pac is also anticipated to provide an opportunity for revenue generation in the sector. On the other hand, high implementation and maintenance expenses for computer-assisted coding and lack of IT professionals in the healthcare sector are anticipated to hinder the increase of the computer-assisted coding market to some extent.

The integrated computer-assisted coding software segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period.

Established on product & service, the industry is classified into solutions and services. In 2016, the solutions segment controled the sector. The solutions segment is divided into standalone software and integrated software. The integrated computer-assisted coding software segment is the quickest-increasing segment of the overall computer-assisted coding solutions. This can be connected to the increasing need for optimized computer-assisted coding software for seamless workflow and successful data integration within healthcare provider systems

The web-based solutions segment to lead the overall computer-assisted coding market during the outlook period

Established on the mode of delivery, the overall computer-assisted coding market is broken down into web-based solutions, cloud-based solutions, and on-premise solutions. In 2016, the web-based solutions segment recorded for the most important share of the overall computer-assisted coding market. Web-based solutions help clinicians to create complete and accurate clinical documentation. Healthcare providers prefer web-based solutions according to their data security features, cost benefits and ease of support in downstream revenue cycle and quality reporting processes.

North America to witness the more significant rise during the estimate period (2017-2022)

North America continent is the biggest market for computer-assisted coding, succeeded by Europe (EU), APAC, and the Rest of the globe. The implementation of ICD-10 coding standards in the country's healthcare system and the resultant demand for effective claims management processes in the country's healthcare delivery framework are some of the factors providing to the big share of North America in the industry. Nevertheless, the APAC market is projected to register the more important increase during the outlook period due to the increasing need to curtail healthcare delivery costs, rising implementation of electronic health records in healthcare, and increasing medical tourism in this area.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1 - 45.0 percent, Tier 2 - 40.0 percent and Tier 3 - 15.0 percent

• By Description - C-suite - 41.0 percent, D-level - 30.0 percent, Others - 29.0 percent

• By Area - North America (NA) - 38.0 percent, EU - 31.0 percent, Asia-Pac - 19.0 percent, RoW - 12.0 percent

The main players in the computer-assisted coding market are 3M Health Information Systems, Optum, Incorporated, Nuance Communications, Incorporated, McKesson (NYSE:MCK), Cerner (NASDAQ:CERN), Dolbey Systems, Incorporated, Precyse Solutions LLC., Craneware plc, Artificial Medical Intelligence, TruCode. Other actors contain Quest Diagnostics, Streamline Health Solutions, M-scribe Technologies, Limited liability company, eZDI Inc., Alpha II LLC., ID GmbH & Co. KGaA, ZyDoc, Coding Strategies, Incorporated, Patient Code Software, and Flash Code.

Segment Research

The industry report examines the computer-assisted coding market and aims at estimating the market value and upcoming growth potential of this market established on several segments including product & service, application, mode of delivery, final user, and area. The study also comprises an detailed regulatory study for several areas across the world and competitive review of the top actors in this sector together with their company descriptions, product and service offerings, latest developments, and key industries strategies. This market report also offers market information on North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe.

Reasons to Buy the Report

The analysis will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them, collect a greater share. Companies obtaining the market research could use one or any combination of the below-mentioned five strategies.

This business report offers business insights on these pointers:

• Market Uptake: Exhaustive data on product types provided by the top actors in the computer-assisted coding market. This industry report examines the sector by product & service, application, mode of delivery, end-user, and area

• Product Development/Innovative products: In-depth understanding on the next trends and launches of new product in the computer-assisted coding market

• Market Development: Highlighted information about the profitable emerging sectors for computer-assisted coding

• industry diversification: Complete information about recent products, increasing regions, recent evolutions, and market investments in the computer-assisted coding market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, and technological capabilities of the leading actors in the computer-assisted coding market

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