According to a new report, published by KBV research, The Global Medical Coding Market size is expected to reach $49.8 billion by 2031, rising at a market growth of 9.2% CAGR during the forecast period.
The In-house market is expected to witness a CAGR of 9.8% during (2024 - 2031). The desire for greater control over the coding process, data security, and the seamless integration of coding operations with other internal functions drives the in-house segment. Large healthcare organizations, such as hospitals and integrated health systems, often prefer to maintain in-house coding teams to ensure that coding is aligned with their specific operational workflows and to safeguard patient data against potential breaches.
Full Report: https://www.kbvresearch.com/medical-coding-market/
The North America region dominated the Global Medical Coding Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $24.3 billion by 2031. The Europe region is experiencing a CAGR of 8.8% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 10.5% during (2024 - 2031).
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