The medical coding market was valued at USD 24.06 Billion in 2025 and is expected to grow at a CAGR of 15.30%, reaching USD 99.91 Billion by 2035. The market growth is driven by the integration of AI, machine learning, and cloud computing into coding platforms enhances accuracy, reduces errors, and streamlines billing procedures.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
15.3%
Value in USD Billion
2026-2035
*this image is indicative*
Based on the classification system, the international classification of diseases (ICD) segment is predicted to account for a significant market share in the medical coding industry. This increase can be associated with the growing demand for a uniform medical coding system in order to streamline medical data storage and comprehension. Moreover, ICD, which is maintained by the WHO, is exceedingly utilised in many parts of the world owing to its vast range of codes, which allow for quality handling and management of data. Furthermore, ICD 11 is all set to come into effect in the year 2023, is an improved and completely electronic coding and reference tool, which also contains advanced understanding tools such as the Global Antimicrobial Resistance Surveillance System (GLASS).
North America is expected to dominate the medical coding industry in the forecast period. This growth can be attributed to the rapid adoption of IT in the medical sector and the presence of advanced healthcare infrastructure in the region. In addition, the availability of skilled medical coders in the region is also contributing to the growth. Another major factor propelling the market growth is the prevalence of chronic diseases in the region owing to the ageing population, which is susceptible to severe illnesses. These factors are expected to contribute to the industry growth significantly. Furthermore, in 2020, the American Medical Association announced the adoption of new codes for the Covid-19 infection, its variants, and codes for immunisations in the Current Procedural Terminology (CPT) code set.
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Medical coding is the process of translating diagnosis, treatment procedures, medical services, and equipment into the universal medical alphanumeric codes. These codes are found in medical record documentation such as lab tests and physician's diagnoses. In this regard, a medical coder has to ensure the precise input of codes in the medical billing process, as the coding process is mainly done to keep medical data organised and for the purpose of accurate billing reimbursement while also charting the patient's health in case of any subsequent complaint or treatment required. Furthermore, while there are many coding systems available, the International Classification of Diseases (ICD) is one of the commonly used systems maintained by the WHO.
Market Breakup by Classification System
Market Breakup by Component
Market Breakup by End Use
Market Breakup by Region
Due to the rising demand for more convenient and streamlined operations in the medical sector, technological solutions are increasingly being adopted to improve efficiency. As a result, various computer-optimised coding tools are being created to enhance the coding and billing processes. Moreover, the medical coding process helps to integrate different clinical documentation. These advancements are expected to increase productivity, transparency, and accuracy with reduced costs and errors. In addition, developments such as the integration of AI technology in the medical coding procedures are expected to enhance the process of identification and valuation of required code, thus, catalysing the market growth of the medical coding industry.
The report gives a detailed analysis of the following key players in the global medical coding market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
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In 2025, the global medical coding market attained a value of nearly USD 24.06 Billion.
The market is projected to grow at a CAGR of 15.30% between 2026 and 2035.
The major drivers of the industry such as the, growing geriatric population, heightened demand for streamlined and enhanced coding process, rising investments by governments in the development of the healthcare infrastructure, and the rapid investments by key players to adopt innovative solutions are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid technological advancements in the healthcare sector and the increased prevalence of chronic diseases.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant segments based on the classification system include the international classification of diseases (ICD) and healthcare common procedure code system (HCPCS).
The major components include in-house and outsourced.
The significant segments based on end-use include hospitals and diagnostic centres, among others.
The major players in the industry are 3M Co., Nuance Communications, Inc., Precyse Coding Solutions, LLC, and Aviacode Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Classification System |
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| Breakup by Component |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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