Medical Coding Market to Reach $15.3B by 2033, Report Finds

HIT Consultant April 3, 2023
Fred Pennic

What You Should Know:

– The medical coding market is estimated to secure a valuation of $ 6.7B in 2023 and is estimated to rise to $15.3B by 2033 at a CAGR of 8.6% during the 2023 to 2033 forecast period, according to a new Future Market Insights report.

– The increasing availability of a large number of medical coding service providers and the rising adoption rate of advanced healthcare solutions like electronic health records (EHRs), revenue cycle management (RCM) software, and mobile health apps in routine hospital operations and the is driving the market growth.

Factors Driving Medical Coding Market

The factors accelerating the demand for medical coding include:

· Increased demand for patient data management

· Technological advancement...