Global Medical Coding Market to Reach $44.1 Billion by 2030
The global market for Medical Coding estimated at US$24.5 Billion in the year 2023, is expected to reach US$44.1 Billion by 2030, growing at a CAGR of 8.8% over the period 2023-2030. Outsourced Medical Coding, one of the segments analyzed in the report, is expected to record 9.4% CAGR and reach US$37.5 Billion by the end of the analysis period. Growth in the In-House Medical Coding segment is estimated at 5.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.4 Billion, While China is Forecast to Grow at 13.2% CAGR
The Medical Coding market in the U.S. is estimated at US$6.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.6 Billion by the year 2030 trailing a CAGR of 13.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
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