Latin America Medical Coding Market To Stretch Its Size In The Forecast Period Of 2023-2028 With Augmenting Demand To Enhance Hospital Billing Procedures
El informe del estudio de mercado de Informes de Expertos titulado, ‘Mercado Latinoamericano de Codificación Médica, Informe y Pronóstico 2023-2028′, ofrece una visión estructurada del mercado, examinando sus diversos segmentos y variables clave como sistema de clasificación, componente, uso final y las regiones. La investigación recoge un sólido pronóstico de la presencia de factores clave de éxito y limitaciones, sigue a los proveedores bien establecidos y las últimas tendencias de la industria que impactan en el objetivo de crecimiento del mercado global. También evalúa la dinámica del mercado y la relación entre la demanda de los consumidores y el precio del producto, junto con la auditoría de los modelos FODA y de las cinco fuerzas de Porter.
The market study report by Informes de Expertos titled, ‘Latin America Medical Coding Market 2023-2028 ’, gives structured insights into the market, examining its diverse segments and key variables such as classification system, component, end use, and key regions. The research gathers robust forecasting of the presence of key success factors and constraints, tracks well-established vendors, and the latest trends in the industry that impact the growth goal of the overall market. It also assesses the market dynamics, and the relationship between consumer demand and product price, coupled with the audit of SWOT and Porter’s Five Forces models.
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Los aspectos más destacados del informe incluyen:
Visión general del mercado (2018-2028)
• CAGR para el período de pronóstico (2023-2028): 9,05%
El mercado de codificación médica de América Latina está atravesando un entorno competitivo entre los principales actores para innovar y expandir su participación en la demanda y las ventas. Más incluso, la creciente demanda de soluciones tecnológicas avanzadas que mejoren la eficiencia en el sector médico es el principal factor que influye en las perspectivas del mercado objetivo durante el período de previsión, junto con una fuerte inversión pública para mejorar los servicios de salud.
Además, la creciente necesidad de un lenguaje universal en el campo médico para identificar varios síntomas de enfermedades y ayudar a minimizar el riesgo de malas interpretaciones al optar por la eficiencia en las unidades médicas está empujando el mercado hacia vías positivas a largo plazo. Esta hoja de ruta tomada por las principales empresas para proporcionar oportunidades lucrativas a los posibles participantes para mejores lanzamientos y I + D para una mayor generación de ingresos está ayudando al mercado en América Latina.
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Industry Definition and Major Segments
Medical coding is the process of assigning generic alphanumeric identifiers to diagnoses, therapeutic regimens, medical services, and equipment. Codes are derived from records in a patient’s medical file, such as a transcript of their doctor’s or lab’s notes, radiological results, etc. It is a crucial element for the healthcare sector since it ensures proper physician payment, facilitates the management and sharing of patient information, and dispenses the requirement for electronic medical invoicing.
On the basis of the classification system, the market is divided into:
• International Classification of Diseases (ICD)
• Health Care Common Procedures Code System (HCPCS)
By component, the industry can be divided into:
• In-House
• Outsourced
Depending on the final use, the market can be segmented into:
• Hospitals
• Diagnostic Centres
• Others
Key regions covered include:
• Brazil
• Argentina
• Mexico
• Chile
• Others
Market Trends
In 2021, the Latin American medical coding market was valued at USD 1.45 billion and during 2023-2028, the target market is anticipated to grow at a robust pace in the forecast period attributable to rising demand for increased coding productivity and the availability of qualified medical coders for better efficiency. This market is growing and altering its growth panorama with the increasing incorporation of advanced healthcare infrastructure and the rapid adoption of IT in the medical industry.
Furthermore, the sector is also benefited from the growing usage of CACS technology, a programme that scans papers pertaining to healthcare and creates appropriate medical codes for specific phrases and terms inside the document. All these aforementioned factors coupled with government investment in the medical sector to provide the best healthcare services on time in the long run to patients in Latin America are providing a push to the medical coding market.
Key Market Players
The major players in the market are:
• 3M Co.
• Nuance Communications, Inc.
• Precyse Coding Solutions, LLC
• Aviacode Inc.
• Others
The insights in the market research report provide growth possibilities, socio-political environment factors affecting the market, launches of products, new entrants dominating the market, and the presence of key companies driving the industry.
About Us
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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