Medical Coding Market Share

North American Market Forecast

Medical Coding market in North America is predicted to account for the largest share of 40% by 2037 impelled by the growing medical industry. The medical field is one of the fastest-growing industries in the United States, as people spend more on healthcare in the region than in any other country in the world. This has led to an increase in the amount of data, leading to higher demand for medical coding. For instance, U.S. health spending increased by more than 4% in 2022.

European Market Statistics

The European medical Coding market is estimated to be the second largest, during the forecast timeframe led by growing health awareness.  Europe's health and fitness industry has experienced marvelous growth, owing to the increasing awareness of the importance of health and well-being, and the implementation of E-Health to advance healthcare delivery and accessibility. In addition, European countries are using electronic health records (EHRs) to improve healthcare as funding and allow citizens to quickly access and share their health data with medical professionals. This is expected to drive the demand for medical coding in the region.