Market Size and Expansion Prospects
The Global Medical Coding Market is poised for substantial growth, projected to increase at a remarkable CAGR of 10.5% from 2024 to 2031.
Recent Developments in the United States
- Funding Initiatives: In March 2025, CodaMetrix successfully secured $40 million in Series B funding, aimed at refining its AI-powered medical coding solutions. The initiative focuses on automating coding tasks, significantly alleviating administrative burdens while enhancing billing accuracy for healthcare providers.
- Network Expansion: KODE Health garnered $27 million in January 2025 through Series B funding to augment its roster of certified medical coders and fortify its AI-enhanced coding solutions.
The KODE Management Platform leverages artificial intelligence to streamline workflows, ensuring immediate access to proficient coding professionals and elevating operational efficiency. - Implementation Milestone: Maverick Medical AI announced in December 2024 the full deployment of its advanced, AI-driven medical coding system, mCoder, across all 399 RadNet, Inc. locations.
The mCoder platform employs deep learning and synthetic data to fully automate the medical coding process, thus optimizing speed and accuracy.
Recent Developments in Japan
- Investment Growth: A revised list from September 2025 showcased the top 50 investors in Japanese medical startups, reflecting an escalating interest in the medical coding technology sector.
- Innovative Software Launch: ClinionAI unveiled an AI-enabled medical coding software in July 2025, utilizing deep learning and natural language processing to automate the coding of adverse events and concomitant medication, thereby promoting accuracy in clinical trials.
Understanding Medical Coding
Medical Coding entails the meticulous conversion of healthcare diagnoses, procedures, and services into standardized alphanumeric codes.
This essential process facilitates billing, insurance claims, record-keeping, and data analysis, thereby ensuring compliance, accuracy, and effective communication across healthcare systems.
Recent Mergers and Acquisitions in the United States
- Strategic Acquisition: In August 2025, Infinx acquired the healthcare RCM business of i3 Verticals for $96 million, a move that enhances its footprint in academic medical centers across the U.S.
- Revenue Cycle Advancement: Knowtion Health, with backing from Arsenal Capital Partners, acquired Switch RCM in July 2025 to bolster its expertise in data-driven revenue cycle management.
- Technological Integration: Waystar announced the acquisition of Iodine Software for $1.25 billion in July 2025, aiming to integrate Iodine’s AI-driven tools into its platform, thus enhancing administrative efficiency for healthcare providers.
- Healthcare Analytics Acquisition: Nordic Capital acquired Arcadia Solutions in June 2025, intending to bolster operations and expand capabilities in value-based care delivery.
- Facility Acquisition: AdventHealth concluded the acquisition of ShorePoint Health System for $260 million in March 2025, which encompasses a fully operational hospital and various outpatient clinics, further enhancing patient service quality in the region.
- Insurance Sector Expansion: In March 2025, The Doctors Company reached an agreement to acquire specialty insurer ProAssurance for approximately $1.3 billion. This acquisition is anticipated to culminate in the first half of 2026.
International Mergers and Acquisitions
- RCM Business Acquisition: In September 2025, Infinx’s acquisition of i3 Verticals’ healthcare RCM segment for $96 million fortified its position in U.S. academic medical centers.
- Data Analytics Consolidation: Cotiviti, guided by KKR, is nearing a deal to acquire Edifecs for around $3.05 billion, aiming to augment its position in healthcare data analytics amidst competitive bids.
- AI Integration Strategy: The acquisition of Arcadia Solutions by Nordic Capital in April 2025 reflects a strategic initiative to enhance healthcare delivery using artificial intelligence.
Market Players
The market is significantly influenced by key players, including STARTEK Health, Aviacode, Inc., Parexel International Corporation, Maxim Health Information Services, Precyse Solutions, LLC, and Medical Record Associates LLC.
Growth Projections
The Global Medical Coding Market is expected to see marked growth during the forthcoming period, specifically between 2024 and 2031. The steady expansion observed in 2023, coupled with strategies implemented by key industry players, suggests an optimistic trajectory ahead.
Research Methodology
The comprehensive report on the Global Medical Coding Market synthesizes both primary and secondary data sources. The exploration encompasses an array of factors affecting the industry, including regulatory frameworks, market dynamics, competitive landscapes, technological progress, and forthcoming developments, while addressing market volatility and prospective challenges.
Key Market Segmentation
- By Product: Thyroid Hormone Replacement Therapy, Estrogen Hormone Replacement Therapy, Testosterone Hormone Replacement Therapy, Human Growth Hormone Replacement Therapy, Others.
- By Route of Administration: Oral, Parenteral, Others.
- By Indication: Menopause, Hypothyroidism, Male Hypogonadism, Growth Hormone Deficiency, Others.
- By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Others
Regional Insights
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands, and the Rest of Europe)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia, and the Rest of Asia-Pacific)
- South America (Colombia, Brazil, Argentina, and the Rest of South America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, and Rest of Middle East & Africa)
Report Advantages
- Introduction: Specifies the report’s scope, summarizing key market segments by region, product type, and application.
- Insights: Unveils pivotal market insights and identifies emergent trends influencing industry dynamics.
- Competitive Landscape: Examines the competitive environment among medical coding producers, detailing revenue shares and recent M&A activities.
- Player Profiles: Presents in-depth profiles of key players, including revenue, profit margins, and achievements.
- Regional Analysis: Provides insights into medical coding revenue across various regions and countries.
- Market Segmentation: Investigates different market segments to uncover potential growth areas.
- Industry Review: Offers a thorough analysis of the industry’s supply chain.
- Conclusions: Summarizes key findings and critical takeaways for stakeholders.
FAQ
Q: What is the growth rate of the Medical Coding Market?
A: The market is anticipated to grow at a CAGR of 10.5% during the forecast span from 2024 to 2031.
Unlock Comprehensive Market Intelligence
Leverage real-time insights regarding competitor trends, strategic forecasts, and global investment opportunities to inform your business decisions.
Source link: Openpr.com.
