NEW YORK, Nov. 17, 2021 /PRNewswire/ -- The computer assisted coding market size is set to grow by USD 2.38 billion from 2020 to 2025, according to Technavio.
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Factors such as increasing implementation of electronic health record (EHR) systems and the growing regulatory requirements for patient data management will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The computer assisted coding market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
By deployment, the market generated maximum revenue in the on-premise segment in 2020. The market growth in the segment will be significant over the forecast period. In terms of geography, North America is expected to offer significant growth opportunities for players during the forecast period. The region currently holds 48% of the global market share. The US and Canada are the key markets for computer-assisted coding in North America.
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Computer Assisted Coding Market 2021-2025: Vendor Analysis and Scope
Some of the major vendors of the computer assisted coding market include 3M Co., Artificial Medical Intelligence Inc., athenahealth Inc., Cerner Corp., Craneware plc, Dolbey Systems Inc., Nuance Communications Inc., Streamline Health Solutions Inc., The Coding Network LLC, and UnitedHealth Group. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market.
The computer assisted coding market is fragmented, and the degree of fragmentation will accelerate. The increasing implementation of electronic health record (EHR) systems will offer immense growth opportunities. However, the high implementation and maintenance costs will hamper the market growth.
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist computer assisted coding market growth during the next five years
Estimation of the computer assisted coding market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the computer assisted coding market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of computer assisted coding market vendors
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Computer Assisted Coding Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of over 11%
Market growth 2021-2025
USD 2.38 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 48%
Key consumer countries
US, China, Germany, Japan, and Canada
Leading companies, competitive strategies, consumer engagement scope
3M Co., Artificial Medical Intelligence Inc., athenahealth Inc., Cerner Corp., Craneware plc, Dolbey Systems Inc., Nuance Communications Inc., Streamline Health Solutions Inc., The Coding Network LLC, and UnitedHealth Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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