PUBLISHER: KBV Research | PRODUCT CODE: 1544317
PUBLISHER: KBV Research | PRODUCT CODE: 1544317
LAMEA Medical Coding Market Size, Share & Trends Analysis Report By Component (Outsourced, and In-house), By Country and Growth Forecast, 2024 - 2031
The Latin America, Middle East and Africa Medical Coding Market would witness market growth of 11.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Medical Coding Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $987.3 Million by 2031. The Argentina market is registering a CAGR of 12.7% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 10.9% during (2024 - 2031).
Medical coding can be traced back to the early 20th century when the International Classification of Diseases (ICD) was first instituted. Initially developed as a tool for tracking mortality statistics, the ICD has since evolved into a comprehensive coding system covering various medical conditions, procedures, and treatments.
Additionally, these coding systems are continuously updated to reflect advances in medical science, technology, and healthcare practices, ensuring they remain relevant and accurate in an ever-changing healthcare landscape.
Governments throughout the region are making substantial investments in digital health technologies and healthcare infrastructure, which has resulted in a greater demand for medical coding practices that are both precise and consistent. In Saudi Arabia, the increasing demand for medical coding is primarily driven by significant healthcare expenditure and comprehensive government initiatives to modernize the healthcare sector. According to the Saudi Ministry of Health, the government allocated SAR 167 billion (approximately USD 44.5 billion) to healthcare and social development in 2021.
Based on Component, the market is segmented into Outsourced, and In-house. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- 3M Company
- Dolbey Systems, Inc.
- GeBBS Healthcare Solutions, Inc.
- Precyse Coding Solutions LLC
- Microsoft Corporation
- Change Healthcare, Inc. (Optum, Inc.) (UnitedHealth Group, Inc.)
- Oracle Corporation
- The Coding Network, L.L.C.
LAMEA Medical Coding Market Report Segmentation
By Component
- Outsourced
- In-house
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Medical Coding Market, by Component
- 1.4.2 LAMEA Medical Coding Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter Five Forces Analysis
Chapter 5. LAMEA Medical Coding Market by Component
- 5.1 LAMEA Outsourced Market by Country
- 5.2 LAMEA In-house Market by Country
Chapter 6. LAMEA Medical Coding Market by Country
- 6.1 Brazil Medical Coding Market
- 6.1.1 Brazil Medical Coding Market by Component
- 6.2 Argentina Medical Coding Market
- 6.2.1 Argentina Medical Coding Market by Component
- 6.3 UAE Medical Coding Market
- 6.3.1 UAE Medical Coding Market by Component
- 6.4 Saudi Arabia Medical Coding Market
- 6.4.1 Saudi Arabia Medical Coding Market by Component
- 6.5 South Africa Medical Coding Market
- 6.5.1 South Africa Medical Coding Market by Component
- 6.6 Nigeria Medical Coding Market
- 6.6.1 Nigeria Medical Coding Market by Component
- 6.7 Rest of LAMEA Medical Coding Market
- 6.7.1 Rest of LAMEA Medical Coding Market by Component
Chapter 7. Company Profiles
- 7.1 Dolbey Systems, Inc.
- 7.1.1 Company Overview
- 7.1.2 Recent strategies and developments:
- 7.1.2.1 Product Launches and Product Expansions:
- 7.1.3 SWOT Analysis
- 7.2 Microsoft Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.6 SWOT Analysis
- 7.3 Oracle Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Product Launches and Product Expansions:
- 7.3.5.2 Acquisition and Mergers:
- 7.3.6 SWOT Analysis
- 7.4 Change Healthcare, Inc. (Optum, Inc.) (UnitedHealth Group, Inc.)
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental Analysis
- 7.5 GeBBS Healthcare Solutions, Inc.
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Acquisition and Mergers:
- 7.6 Precyse Coding Solutions LLC
- 7.6.1 Company Overview
- 7.7 The Coding Network, L.L.C.
- 7.7.1 Company Overview
- 7.8 3M Company
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 LAMEA Medical Coding Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Medical Coding Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Medical Coding Market by Component, 2020 - 2023, USD Million
- TABLE 4 LAMEA Medical Coding Market by Component, 2024 - 2031, USD Million
- TABLE 5 LAMEA Outsourced Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA Outsourced Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA In-house Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA In-house Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Medical Coding Market by Country, 2020 - 2023, USD Million
- TABLE 10 LAMEA Medical Coding Market by Country, 2024 - 2031, USD Million
- TABLE 11 Brazil Medical Coding Market, 2020 - 2023, USD Million
- TABLE 12 Brazil Medical Coding Market, 2024 - 2031, USD Million
- TABLE 13 Brazil Medical Coding Market by Component, 2020 - 2023, USD Million
- TABLE 14 Brazil Medical Coding Market by Component, 2024 - 2031, USD Million
- TABLE 15 Argentina Medical Coding Market, 2020 - 2023, USD Million
- TABLE 16 Argentina Medical Coding Market, 2024 - 2031, USD Million
- TABLE 17 Argentina Medical Coding Market by Component, 2020 - 2023, USD Million
- TABLE 18 Argentina Medical Coding Market by Component, 2024 - 2031, USD Million
- TABLE 19 UAE Medical Coding Market, 2020 - 2023, USD Million
- TABLE 20 UAE Medical Coding Market, 2024 - 2031, USD Million
- TABLE 21 UAE Medical Coding Market by Component, 2020 - 2023, USD Million
- TABLE 22 UAE Medical Coding Market by Component, 2024 - 2031, USD Million
- TABLE 23 Saudi Arabia Medical Coding Market, 2020 - 2023, USD Million
- TABLE 24 Saudi Arabia Medical Coding Market, 2024 - 2031, USD Million
- TABLE 25 Saudi Arabia Medical Coding Market by Component, 2020 - 2023, USD Million
- TABLE 26 Saudi Arabia Medical Coding Market by Component, 2024 - 2031, USD Million
- TABLE 27 South Africa Medical Coding Market, 2020 - 2023, USD Million
- TABLE 28 South Africa Medical Coding Market, 2024 - 2031, USD Million
- TABLE 29 South Africa Medical Coding Market by Component, 2020 - 2023, USD Million
- TABLE 30 South Africa Medical Coding Market by Component, 2024 - 2031, USD Million
- TABLE 31 Nigeria Medical Coding Market, 2020 - 2023, USD Million
- TABLE 32 Nigeria Medical Coding Market, 2024 - 2031, USD Million
- TABLE 33 Nigeria Medical Coding Market by Component, 2020 - 2023, USD Million
- TABLE 34 Nigeria Medical Coding Market by Component, 2024 - 2031, USD Million
- TABLE 35 Rest of LAMEA Medical Coding Market, 2020 - 2023, USD Million
- TABLE 36 Rest of LAMEA Medical Coding Market, 2024 - 2031, USD Million
- TABLE 37 Rest of LAMEA Medical Coding Market by Component, 2020 - 2023, USD Million
- TABLE 38 Rest of LAMEA Medical Coding Market by Component, 2024 - 2031, USD Million
- TABLE 39 Key Information - Dolbey Systems, Inc.
- TABLE 40 Key Information - Microsoft Corporation
- TABLE 41 Key Information - Oracle Corporation
- TABLE 42 Key Information - Change Healthcare
- TABLE 43 Key Information - GeBBS Healthcare Solutions, Inc.
- TABLE 44 Key Information - Precyse Coding Solutions LLC
- TABLE 45 Key Information - The Coding Network, L.L.C.
- TABLE 46 Key Information - 3M Company
