HOME Top Market Reports Computer Assisted Coding Market by Software (Natural language processing, Structured input, Integrated), by Application (Automated encoding, Management reporting, Clinical code auditing & analytics), & by End User - Global Forecast to 2019

Computer Assisted Coding Market by Software (Natural language processing, Structured input, Integrated), by Application (Automated encoding, Management reporting, Clinical code auditing & analytics), & by End User - Global Forecast to 2019

By: marketsandmarkets.com
Publishing Date: February 2015
Report Code: HIT 3168

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Computer-assisted coding (CAC) is a computer software application that helps to analyze healthcare documents and produce appropriate medical codes for specific phrases and terms within the document. CAC technology automatically generates codes directly from clinical documents. The global computer-assisted coding market is poised to grow at a healthy double-digit CAGR from 2014 to 2019. The overall growth in this market is mainly driven by the rising need of minimizing coding errors and reducing the rising healthcare expenditure. Rapid growth in the number of healthcare facilities, growing insurance claim reimbursement, and conversion of ICD-9 to ICD-10 across all healthcare organizations in the U.S. are fuelling the growth of the CAC systems market. Geographically, North America continues to dominate the market due to the growing adoption of CAC systems in the U.S. healthcare organizations, due to the transition of ICD-9 to ICD-10 to accommodate new codes for various diseases and procedures. The implementation of ICD-10 coding system requires stakeholders in the U.S. healthcare industry to use as many as 72,000 procedure codes and 68,000 CM codes, as opposed to 4,000 and 14,000, respectively, in the ICD-9 system. Managing such high volume of codes requires healthcare providers and payers to use complex coding systems, which in turn drives the demand for technologically advanced CAC systems in the North American market.

3M Health Information Systems (U.S.), OptumInsight, Inc. (U.S.), McKesson Corporation (U.S.), Nuance Communications (U.S.), Cerner Corporation (U.S.), and Dolbey Systems, Inc. (U.S.) are the prominent players in the global market. However, new entrants in the market are intensifying competition and threatening the market shares of the existing players. In order to maintain their market shares, leading players are continuously adopting new technologies and introducing new products in the market. This increasing competitiveness is expected to drive innovation in the market, thereby helping the industry to solve existing challenges.

Scope of the Report

The computer-assisted coding (CAC) technology automatically produces medical codes directly from clinical documents. CAC is a tool that helps healthcare facilities to manage the complexity of ICD-10 coding. The productivity is expected to increase from 15% to 20% after the implementation of CAC tools.

There are two types of CAC solutions, namely, standalone software and integrated software. Standalone solutions include natural language processing (NLP) software and structured input software. NLP applications scan and interpret unstructured clinicians notes using specialized linguistic algorithms, extracting the clinical facts that support the assignment of codes. Structured input applications integrate the coding into the clinical documentation process, producing clinical documents with embedded codes. NLP applications work with clinical documentation practices which include unstructured text such as dictation, speech recognition, and transcription. Factors such as improving healthcare IT infrastructure, rising investments in CAC software integration, and increasing number of healthcare facilities are some of the key factors expected to play a vital role in the growth of the market during the forecast period.

Global Computer-assisted Coding Market

This research report categorizes the computer-assisted coding market into the following segments:

By Type

  • CAC Software
    • Standalone
      • Natural Language Processing
      • Structured Input
    • Integrated
  • CAC Services
    • Managed Services
    • Education and Training

By Application

  • Automated Computer-assisted Encoding
  • Management Reporting and Analytics
  • Clinical Code Auditing

By Mode of Delivery

  • Web-based
  • Cloud-based
  • On-premises

By End User

  • Hospitals
  • Physicians/Clinics
  • Clinical Laboratories
  • Academic Medical Centers
  • Other Healthcare Organizations

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the World (RoW)
    • Latin America
    • Middle East and Africa

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Approach
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Share Estimation
    2.5 Key Data Points Taken From Secondary Sources
    2.6 Key Data Points From Primary Sources
           2.6.1 Key Industry Insights
    2.7 Assumptions for the Study

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 34)
    4.1 Growth Potential of the Computer-Assisted Coding Market
           4.1.1 APAC Computer-Assisted Coding Market, By Application
    4.2 CAC Market: Regional Growth Opportunities
    4.3 CAC Market, Regional Mix
    4.4 CAC Market: Developed vs. Developing Market

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
    5.4 Key Market Drivers
    5.5 Key Market Restraints
    5.6 Key Market Opportunities
    5.7 Key Market Challenges

6 Industry Insights (Page No. - 46)
    6.1 Introduction
    6.2 Industry Trends
    6.3 Porter’s Five Forces Analysis

7 Global Computer-Assisted Coding Market, By Type (Page No. - 50)
    7.1 Introduction
    7.2 Computer-Assisted Coding Software Market
           7.2.1 Standalone CAC Software
                    7.2.1.1 Natural Language Processing Software
                    7.2.1.2 Computer-Assisted Coding Using Structured Input Software
           7.2.2 Integrated CAC Software
    7.3 CAC Services Market
           7.3.1 Managed Services
           7.3.2 Education and Training Services

8 Global Computer-Assisted Coding Market, By Mode of Delivery (Page No. - 59)
    8.1 Introduction
    8.2 Web-Based Solutions
    8.3 Cloud Based Solutions
    8.4 On-Premise Solutions

9 Global Computer-Assisted Coding Market, By Application (Page No. - 64)
    9.1 Introduction
    9.2 Automated Computer-Assisted Encoding
    9.3 Management Reporting and Analytics
    9.4 Clinical Code Auditing

10 Global Computer-Assisted Coding Market, By End User (Page No. - 68)
     10.1 Introduction
     10.2 Hospitals
     10.3 Physician Practices
     10.4 Clinical Laboratories
     10.5 Academic Medical Centers
     10.6 Other Healthcare Institutions

11 Global Computer-Assisted Coding Market, By Region (Page No. - 75)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
     11.3 Europe
             11.3.1 Germany
             11.3.2 U.K.
             11.3.3 France
             11.3.4 Italy
             11.3.5 Spain
             11.3.6 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 Japan
             11.4.2 China
             11.4.3 India
             11.4.4 Rest of Asia-Pacific
     11.5 Rest of the World (RoW)
             11.5.1 Latin America
             11.5.2 Middle East and Africa

12 Competitive Landscape (Page No. - 159)
     12.1 Overview
     12.2 Market Share Analysis
     12.3 Competitive Situation and Trends
             12.3.1 Agreements, Partnerships, and Alliances
             12.3.2 New Product Launches
             12.3.3 Product Upgrades and Enhancements
             12.3.4 Mergers and Acquisitions
             12.3.5 Expansions

13 Company Profiles (Page No. - 169)
     13.1 3M Company
             13.1.1 Business Overview
             13.1.2 Products
             13.1.3 Key Strategy
             13.1.4 Recent Developments
     13.2 Artificial Medical Intelligence, Inc.
             13.2.1 Business Overview
             13.2.2 Key Financials
             13.2.3 Products
             13.2.4 Key Strategy
             13.2.5 Recent Developments
     13.3 Cerner Corporation
             13.3.1 Business Overview
             13.3.2 Products
             13.3.3 Key Strategy
             13.3.4 Recent Developments
     13.4 Craneware PLC.
             13.4.1 Business Overview
             13.4.2 Products
             13.4.3 Key Strategy
             13.4.4 Recent Developments
     13.5 Dolbey Systems Inc.
             13.5.1 Business Overview
             13.5.2 Key Financials
             13.5.3 Products
             13.5.4 Key Strategy
             13.5.5 Recent Developments
     13.6 Mckesson Corporation
             13.6.1 Business Overview
             13.6.2 Products
             13.6.3 Key Strategy
     13.7 Nuance Communications Inc.
             13.7.1 Business Overview
             13.7.2 Products
             13.7.3 Key Strategy
             13.7.4 Recent Developments
     13.8 Optum Inc.
             13.8.1 Business Overview
             13.8.2 Products
             13.8.3 Key Strategy
             13.8.4 Recent Developments
     13.9 Precyse Solutions, LLC
             13.9.1 Business Overview
             13.9.2 Key Financials
             13.9.3 Products
             13.9.4 Key Strategy
             13.9.5 Recent Developments
     13.1 Trucode
             13.10.1 Business Overview
             13.10.2 Key Financials
             13.10.3 Products
             13.10.4 Key Strategy
             13.10.5 Recent Developments

14 Appendix (Page No. - 201)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (163 Tables)

Table 1 Global Computer-Assisted Coding Market Size, By Type, 2012–2019 ($Million)
Table 2 Global CAC Software Market Size, By Type, 2012–2019 ($Million)
Table 3 Global CAC Software Market Size, By Country, 2012–2019 ($Million)
Table 4 Global Standalone CAC Software Market Size, By Type, 2012–2019 ($Million)
Table 5 Global Standalone CAC Software Market Size, By Country, 2012–2019 ($Million)
Table 6 Global Natural Language Processing Computer-Assisted Coding Software Market Size, By Country,  2012–2019 ($Million)
Table 7 Global Computer-Assisted Coding Using Structured Input Software Market Size, By Country, 2012–2019 ($Million)
Table 8 Global Integrated CAC Software, Market Size, By Country, 2012–2019 ($Million)
Table 9 Global Computer-Assisted Coding Services Market Size, By Type, 2012–2019 ($Million)
Table 10 Global CAC Services Market Size, By Country, 2012–2019 ($Million)
Table 11 Global CAC Managed Services Market Size, By Country, 2012–2019 ($Million)
Table 12 Global Computer-Assisted Coding Education and Training Services Market Size, By Country, 2012–2019 ($Million)
Table 13 Global Computer-Assisted Coding Market Size, By Mode of Delivery, 2012–2019 ($Million)
Table 14 Global Web Based Computer-Assisted Coding Market Size, By Country, 2012–2019 ($Million)
Table 15 Global Cloud Based Computer-Assisted Coding Market Size, By Country, 2012–2019 ($Million)
Table 16 Global on Premises CAC Market Size, By Country, 2012–2019 ($Million)
Table 17 Global Market Size, By Application, 2012–2019 ($Million)
Table 18 Global Automated Computer-Assisted Encoding Applications Market Size, By Country, 2012–2019 ($Million)
Table 19 Global Management Reporting and Analytics Applications Market Size, By Country, 2012–2019 ($Million)
Table 20 Global Clinical Code Auditing Applications Market Size, By Country, 2012–2019 ($Million)
Table 21 Global Market Size, By End User, 2012–2019 ($Million)
Table 22 Global Market Size for Hospitals, By Country, 2012–2019 ($Million)
Table 23 Global Market Size for Physician’s Clinics, By Country, 2012–2019 ($Million)
Table 24 Global Computer-Assisted Coding Solutions Market Size for Medical  Laboratories, By Country, 2012–2019 ($Million)
Table 25 Global Market Size for Academic Medical Centers, By Country, 2012–2019 ($Million)
Table 26 Global Market Size for Other Healthcare Institutions, By Country, 2012–2019 ($Million)
Table 27 Global Computer-Assisted Coding Market Size, By Region, 2012-2019 ($Million)
Table 28 North America: Computer-Assisted Coding Market Size, By Country, 2012-2019 ($Million)
Table 29 North America: Market Size, By Product, 2012-2019 ($Million)
Table 30 North America: Market Size, By Type, 2012-2019 ($Million)
Table 31 North America: Standalone Market Size, By Type, 2012-2019 ($Million)
Table 32 North America: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 33 North America: Market Size, By Application, 2012-2019 ($Million)
Table 34 North America: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 35 North America: Market Size, By End User, 2012-2019 ($Million)
Table 36 U.S.: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 37 U.S.: CAC System Market Size, By Type, 2012-2019 ($Million)
Table 38 U.S.: Standalone Market Size, By Type, 2012-2019 ($Million)
Table 39 U.S.: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 40 U.S.: Market Size, By Application, 2012-2019 ($Million)
Table 41 U.S.: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 42 U.S.: Market Size, By End User, 2012-2019 ($Million)
Table 43 Canada: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 44 Canada: Market Size, By Type, 2012-2019 ($Million)
Table 45 Canada: Standalone  Market Size, By Type, 2012-2019 ($Million)
Table 46 Canada: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 47 Canada: Market Size, By Application, 2012-2019 ($Million)
Table 48 Canada: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 49 Canada: Market Size, By End User, 2012-2019 ($Million)
Table 50 Europe: Computer-Assisted Coding Market Size, By Country, 2012-2019 ($Million)
Table 51 Europe: Market Size, By Product, 2012-2019 ($Million)
Table 52 Europe: Market Size, By Type, 2012-2019 ($Million)
Table 53 Europe: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 54 Europe: CAC  Services Market Size, By Type, 2012-2019 ($Million)
Table 55 Europe: Market Size, By Application, 2012-2019 ($Million)
Table 56 Europe: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 57 Europe: Market Size, By End User, 012-2019 ($Million)
Table 58 Germany: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 59 Germany: Market Size, By Type, 2012-2019 ($Million)
Table 60 Germany: Standalone Market Size, By Type, 2012-2019 ($Million)
Table 61 Germany: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 62 Germany: Market Size, By Application, 2012-2019 ($Million)
Table 63 Germany: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 64 Germany: Market Size, By End User, 2012-2019 ($Million)
Table 65 U.K.: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 66 U.K.: Market Size, By Type, 2012-2019 ($Million)
Table 67 U.K.: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 68 U.K.: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 69 U.K.: Market Size, By Application, 2012-2019 ($Million)
Table 70 U.K.: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 71 U.K.: Market Size, By End User, 2012-2019 ($Million)
Table 72 France: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 73 France: Market Size, By Type, 2012-2019 ($Million)
Table 74 France: Standalone Market Size, By Type, 2012-2019 ($Million)
Table 75 France: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 76 France: Market Size, By Application, 2012-2019 ($Million)
Table 77 France: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 78 France: Market Size, By End User, 2012-2019 ($Million)
Table 79 Italy: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 80 Italy: Market Size, By Type, 2012-2019 ($Million)
Table 81 Italy: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 82 Italy: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 83 Italy: Market Size, By Application, 2012-2019 ($Million)
Table 84 Italy: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 85 Italy: Market Size, By End User, 2012-2019 ($Million)
Table 86 Spain: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 87 Spain: Market Size, By Type, 2012-2019 ($Million)
Table 88 Spain: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 89 Spain: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 90 Spain: Market Size, By Application, 2012-2019 ($Million)
Table 91 Spain: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 92 Spain: Market Size, By End User, 2012-2019 ($Million)
Table 93 RoE: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 94 RoE: Market Size, By Type, 2012-2019 ($Million)
Table 95 RoE: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 96 RoE: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 97 RoE: Market Size, By Application, 2012-2019 ($Million)
Table 98 RoE: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 99 RoE: Market Size, By End User, 2012-2019 ($Million)
Table 100 Asia-Pacific: Computer-Assisted Coding Market Size, By Country, 2012-2019 ($Million)
Table 101 Asia-Pacific: Market Size, By Product, 2012-2019 ($Million)
Table 102 Asia-Pacific: Market Size, By Type, 2012-2019 ($Million)
Table 103 Asia-Pacific: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 104 Asia-Pacific: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 105 Asia-Pacific: Market Size, By Application, 2012-2019 ($Million)
Table 106 Asia-Pacific: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 107 Asia-Pacific: Market Size, By End User, 2012-2019 ($Million)
Table 108 Japan: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 109 Japan: Market Size, By Type, 2012-2019 ($Million)
Table 110 Japan: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 111 Japan: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 112 Japan: Market Size, By Application, 2012-2019 ($Million)
Table 113 Japan: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 114 Japan: Market Size, By End User, 2012-2019 ($Million)
Table 115 China: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 116 China: Market Size, By Type, 2012-2019 ($Million)
Table 117 China: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 118 China: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 119 China: Market Size, By Application, 2012-2019 ($Million)
Table 120 China: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 121 China: Market Size, By End User, 2012-2019 ($Million)
Table 122 India: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 123 India: Market Size, By Type, 2012-2019 ($Million)
Table 124 India: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 125 India: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 126 India: Market Size, By Application, 2012-2019 ($Million)
Table 127 India: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 128 India: Market Size, By End User, 2012-2019 ($Million)
Table 129 RoAPAC: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 130 RoAPAC: Market Size, By Type, 2012-2019 ($Million)
Table 131 RoAPAC: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 132 RoAPAC: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 133 RoAPAC: Market Size, By Application, 2012-2019 ($Million)
Table 134 RoAPAC: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 135 RoAPAC: Market Size, By End User, 2012-2019 ($Million)
Table 136 RoW: Computer-Assisted Coding Market Size, By Region, 2012-2019 ($Million)
Table 137 RoW: Market Size, By Product, 2012-2019 ($Million)
Table 138 RoW: Market Size, By Type, 2012-2019 ($Million)
Table 139 RoW: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 140 RoW: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 141 RoW: Market Size, By Application, 2012-2019 ($Million)
Table 142 RoW: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 143 RoW: Market Size, By End User, 2012-2019 ($Million)
Table 144 Latin America: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 145 Latin America: Market Size, By Type, 2012-2019 ($Million)
Table 146 Latin America: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 147 Latin America: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 148 Latin America: Market Size, By Application, 2012-2019 ($Million)
Table 149 Latin America: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 150 Latin America: Market Size, By End User, 2012-2019 ($Million)
Table 151 Middle East & Africa: Computer-Assisted Coding Market Size, By Product, 2012-2019 ($Million)
Table 152 Middle East & Africa: Market Size, By Type, 2012-2019 ($Million)
Table 153 Middle East & Africa: Standalone CAC Market Size, By Type, 2012-2019 ($Million)
Table 154 Middle East & Africa: CAC Services Market Size, By Type, 2012-2019 ($Million)
Table 155 Middle East & Africa: Market Size, By Application, 2012-2019 ($Million)
Table 156 Middle East & Africa: Market Size, By Mode of Delivery, 2012-2019 ($Million)
Table 157 Middle East & Africa: Market Size, By End User, 2012-2019 ($Million)
Table 158 Growth Strategy Matrix, 2011–2014
Table 159 Agreements, Partnerships, and Alliances, 2011–2014
Table 160 New Product Launches, 2011–2014
Table 161 Product Upgrades and Enhancements, 2011–2014
Table 162 Mergers and Acquisitions, 2011–2014
Table 163 Expansions, 2011–2014
 
List of Figures (42 Figures)
 
Figure 1 Global Computer-Assisted Coding Market
Figure 2 Research Methodology
Figure 3 Reference Figure
Figure 4 Breakdown of Primary Interviews:  By Company Type, Designation, and Region
Figure 5 Bottom-Up Approach
Figure 6 Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Natural Language Processing Software Segment Will Continue to Dominate the Market During Forecast Period
Figure 9 Automated Computer-Assisted Encoding Application Segment to Register Highest Growth During Forecast5 Period
Figure 10 Hospital Segment Has Highest Growth Potential in Coming Years
Figure 11 North America Dominated the Global Market in 2014
Figure 12 Attractive Growth Opportunities in the CAC Market
Figure 13 The U.S. Commands Major Share of the Global CAC Market
Figure 14 North America to Dominate the Market in the Forecast Period
Figure 15 Developing Market to Register Higher Growth in the Forecast Period
Figure 16 Computer-Assisted Coding Market, By Product
Figure 17 CAC Market, By Application
Figure 18 CAC Market, By Mode of Delivery
Figure 19 CAC Market, By End User
Figure 20 Market Dynamics: Reference Diagram
Figure 21 Porter’s Five Forces Analysis
Figure 22 CAC Market, By Type 2014 vs. 2019
Figure 23 CAC Market, By Mode of Delivery 2014 vs. 2019
Figure 24 North America to Provide Highest Growth Opportunity
Figure 25 Market, By Application 2014 vs. 2019
Figure 26 Automated Computer-Assisted Encoding Fastest Growing Workflow Segment of CAC Systems Market
Figure 27 CAC Solutions Systems Market, By End User 2014 vs. 2019
Figure 28 Hospitals to Provide Highest Growth Opportunity
Figure 29 Regional Snapshot (2013) – Rapid Growth Markets Emerging as New Hot Spots
Figure 30 North America: Market Snapshot
Figure 31 Germany – A Major Market for Computer-Assisted Coding
Figure 32 Asia-Pacific CAC Market Snapshot: China, India and Australia Are the Most Lucrative Markets
Figure 33 Companies Adopted Product Innovation as the Key Growth Strategy Over the Last Three Years
Figure 34 Global Market Share, By Key Player, 2013
Figure 35 Market Evaluation Framework: Significant Partnerships, Agreements, and Alliances Have Fuelled Growth and Innovation in 2013 and 2014
Figure 36 Battle for Market Share: Partnerships, Agreements, and Alliances Was the Key Strategy
Figure 37 3M Company: Company Snapshot
Figure 38 Cerner Corporation: Company Snapshot
Figure 39 Craneware PLC: Company Snapshot
Figure 40 Mckesson Corporation: Company Snapshot
Figure 41 Nuance Communications Inc.: Company Snapshot
Figure 42 Optum Inc: Company Snapshot

The global computer-assisted coding market was valued at $1.56 billion in 2013 and is expected to grow at a high CAGR during the forecast period (2014 to 2019). This market is mainly driven by the increasing insurance claim reimbursement, growing number of healthcare facilities, and technological advancements such as ICD-10 CM and ICD-10 PCS diagnosis and procedure codes implementation in the healthcare industry. The growing implementation of ICD-10 code for insurance claim reimbursement, payment billing, and revenue cycle management is expected to drive this market during the forecast period. Moreover, growing demand for computer-assisted coding solutions by medical care providers and enhanced concern to use CAC to ease the transition from ICD-9 to ICD-10 in the North American healthcare industry are also expected to drive the demand for CAC systems in the upcoming years.

In this report, the global computer-assisted coding (CAC) market is segmented by type, mode of delivery, application, and end user. The CAC market is segmented into software and services. The software market is further bifurcated into standalone software and integrated Software. The standalone software segment is further segmented into natural language processing (NLP) software and structured input software. In 2013, the NLP software segment accounted for the largest share of the global market. The large share of this segment can be attributed to its wide application in the healthcare providers market. On the basis of applications, the computer-assisted coding systems is segmented into automated computer-assisted encoding, management reporting and analytics, and clinical code auditing.

The report also provides insights on the geographic growth prospects of the market. For the purpose of this report, the CAC market is segmented into four major geographies, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at country level as well. In 2013, North America accounted for the largest share of the global CAC market, followed by Europe, Asia-Pacific, and RoW. North America will continue to dominate this market mainly due to the transition of healthcare coding systems from ICD-9 to ICD-10 standards in the U.S. and increasing adoption of advanced CAC software among healthcare providers.

The global computer-assisted coding market is consolidated with players such as 3M Health Information Systems (U.S.), Dolbey Systems, Inc. (U.S.), OptumInsight, Inc. (U.S.), McKesson Corporation (U.S.), and Nuance Communications (U.S.). Other players in the market include Cerner Corporation (U.S.), Precyse Solutions LLC (U.S.), Craneware Plc (U.S.), Artificial Medical Intelligence (U.S.), and TruCode (U.S.).

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