The report Computer Assisted Coding Market by product& services (services, and software), mode of delivery (cloud-based solutions,
web-based solutions and on-premise solutions), applications (clinical coding auditing, automated computer-assisted encoding and
management reporting and analytics), end user (hospitals, academic & research laboratories, physician practices, academic medical
centers, other healthcare providers and healthcare players) - Global Industry Analysis, Trends analysis and Forecast up to 2023 studies
the world as well as regional markets including North America, Europe, Asia Pacific and RoW (Including Latin America, Middle East and
Africa)", The computer assisted coding market is expected to reach USD X.XX Billion by 2023 expanding at a CAGR of 11.5%. Factors
driving the growth of this market include increasing implementation of CAC solutions in North America, rising adoption of electronic
health record system and increasing Use of CAC Solutions to Restrict the Rising Healthcare Costs.
Software is estimated to account for the largest share of the market in 2017
By product and service, the computer assisted coding market is classified into services and software. The software segment is expected
to lead the global computer assisted coding in 2017. Factors driving the growth of this segment include increasing demand for systems
owing to error free clinical documentation and growing advancement in the technology coupled with growth in coder productivity such
as implementation of ICD-10 in place of ICD-9.
Hospitals are estimated to command the largest share of the market during the forecast period
Based on end user, the computer assisted coding market is categorized into hospitals, academic &research laboratories, physician
practices, academic medical centers, other healthcare providers and healthcare players. The hospital segment is estimated to account
for the largest share of the global computer assisted coding market during the forecast period. Rising growth rate of the hospitals, high
cost affordability for the implementation of such systems and availability of adequate staff with proper training required for
understanding the technology are the key factors driving the growth of this end-user segment.
North America is estimated to command the largest share of the market
Based on region, the computer assisted coding market is segmented into North America, Europe, Asia, and the Rest of the World
(RoW). North America is expected to dominate the computer assisted coding market in 2018. This is attributed to factors such as
increasing implementation of CAC solutions in the region due to ICD-10 coder having higher number of medical codes, rising
government support for better healthcare infrastructure and growing demand for advancements in the healthcare sector at lower cost.