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.
The report covers the following areas:
Computer Assisted Coding Market 2021-2025: Segmentation
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.
Get highlights on the top revenue-generating segments, regions, and key countries in the computer assisted coding market.
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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.
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Computer Assisted Coding Market 2021-2025: Key Highlights
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Computer Assisted Coding Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 11% |
Market growth 2021-2025 |
USD 2.38 billion |
Market structure |
Fragmented |
YoY growth (%) |
10.23 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 48% |
Key consumer countries |
US, China, Germany, Japan, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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 |
Market Dynamics |
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. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio
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