“According to SNS Insider Research, The Medical Coding Market size was estimated at US$ 18.41 billion in 2023 and is projected to reach over US$ 40.55 billion by 2032 with an increasing CAGR of 9.21% Over the Forecast Period of 2024-2032.”
The aging population and rising prevalence of chronic diseases are responsible for the increasing demand for medical coding systems, Says SNS Insider.