The global computer assisted coding (CAC) software market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for CAC software in hospitals and clinics, clinical laboratories, academic medical centers and healthcare organizations. The increasing number of patients with chronic diseases such as diabetes and cancer are driving the demand for CAC software in hospitals and clinics. Moreover, the growing number of physicians/clinics across emerging economies such as India and China are also driving the demand for CAC software in these countries. The global computer assisted coding (CAC) software market by type is segmented into structured input and natural language processing (NLP). Structured input accounted for more than 50% share of this market in 2018 owing to its high accuracy rate when compared with NLP-based systems. However, NLP-based systems are expected to grow at a higher rate during the forecast period owing to their ability to process unstructured data which can be used by clinicians who do not have any formal training on coding or billing procedures. The global computer assisted coding (CAC) software market by application includes hospitals, physicians/clinics, clinical laboratories, academic medical centers healthcare organizations among others. Hospitals accounted for more than 50% share of this market in 2018 due to their large patient population which requires accurate diagnosis codes that can be generated using CAC tools; however it is projected that physicians/clinics will account for more than 50% share by 2030 due to increased adoption rates among these providers who use electronic health records systems that require accurate diagnosis codes generated using CAC tools.
Some Of The Growth Factors Of This Market:
- The increasing demand for cost-effective and efficient healthcare services is driving the growth of the CAC software market.
- The increasing number of hospitals and clinics in emerging economies such as China, India, Brazil, and Russia are also driving the growth of the CAC software market.
- Increasing adoption of electronic health records (EHR) systems by hospitals and clinics is also driving the growth of the CAC software market.
- Increasing investments by governments in developing countries such as China, India, Brazil, and Russia are also driving the growth of this market.
Industry Growth Insights published a new data on “Computer Assisted Coding (CAC) Software Market”. The research report is titled “Computer Assisted Coding (CAC) Software Market research by Types (Structured Input, Natural Language Processing (NLP), Others), By Applications (Hospitals, Physicians/Clinics, Clinical Laboratories, Academic Medical Centers, Other Healthcare Organizations), By Players/Companies 3M Company, Artificial Medical, Cerner Corporation, Dolbey Systems, Mckesson Corporation, Nuance Communications, Optum, Precyse Solutions, Trucode”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Computer Assisted Coding (CAC) Software Market Research Report
By Type
Structured Input, Natural Language Processing (NLP), Others
By Application
Hospitals, Physicians/Clinics, Clinical Laboratories, Academic Medical Centers, Other Healthcare Organizations
By Companies
3M Company, Artificial Medical, Cerner Corporation, Dolbey Systems, Mckesson Corporation, Nuance Communications, Optum, Precyse Solutions, Trucode
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Computer Assisted Coding (CAC) Software Market Report Segments:
The global Computer Assisted Coding (CAC) Software market is segmented on the basis of:
Types
Structured Input, Natural Language Processing (NLP), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Physicians/Clinics, Clinical Laboratories, Academic Medical Centers, Other Healthcare Organizations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M Company
- Artificial Medical
- Cerner Corporation
- Dolbey Systems
- Mckesson Corporation
- Nuance Communications
- Optum
- Precyse Solutions
- Trucode
Highlights of The Computer Assisted Coding (CAC) Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Structured Input
- Natural Language Processing (NLP)
- Others
- By Application:
- Hospitals
- Physicians/Clinics
- Clinical Laboratories
- Academic Medical Centers
- Other Healthcare Organizations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Computer Assisted Coding (CAC) Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Computer Assisted Coding (CAC) software is a type of software that helps people who are deaf or hard of hearing to typeset and print text using American Sign Language (ASL). The program allows users to create documents, such as letters, emails, or reports, by entering ASL text into a user interface. CAC programs can also be used to generate digital signatures.
Some of the key players operating in the computer assisted coding (cac) software market are 3M Company, Artificial Medical, Cerner Corporation, Dolbey Systems, Mckesson Corporation, Nuance Communications, Optum, Precyse Solutions, Trucode.
The computer assisted coding (cac) software market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Computer Assisted Coding (CAC) Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Computer Assisted Coding (CAC) Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Computer Assisted Coding (CAC) Software Market - Supply Chain
4.5. Global Computer Assisted Coding (CAC) Software Market Forecast
4.5.1. Computer Assisted Coding (CAC) Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Computer Assisted Coding (CAC) Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Computer Assisted Coding (CAC) Software Market Absolute $ Opportunity
5. Global Computer Assisted Coding (CAC) Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Type
5.3.1. Structured Input
5.3.2. Natural Language Processing (NLP)
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Computer Assisted Coding (CAC) Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Physicians/Clinics
6.3.3. Clinical Laboratories
6.3.4. Academic Medical Centers
6.3.5. Other Healthcare Organizations
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Computer Assisted Coding (CAC) Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Computer Assisted Coding (CAC) Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Computer Assisted Coding (CAC) Software Demand Share Forecast, 2019-2026
9. North America Computer Assisted Coding (CAC) Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Physicians/Clinics
9.4.3. Clinical Laboratories
9.4.4. Academic Medical Centers
9.4.5. Other Healthcare Organizations
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Type
9.7.1. Structured Input
9.7.2. Natural Language Processing (NLP)
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Computer Assisted Coding (CAC) Software Demand Share Forecast, 2019-2026
10. Latin America Computer Assisted Coding (CAC) Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Physicians/Clinics
10.4.3. Clinical Laboratories
10.4.4. Academic Medical Centers
10.4.5. Other Healthcare Organizations
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Type
10.7.1. Structured Input
10.7.2. Natural Language Processing (NLP)
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Computer Assisted Coding (CAC) Software Demand Share Forecast, 2019-2026
11. Europe Computer Assisted Coding (CAC) Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Physicians/Clinics
11.4.3. Clinical Laboratories
11.4.4. Academic Medical Centers
11.4.5. Other Healthcare Organizations
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Type
11.7.1. Structured Input
11.7.2. Natural Language Processing (NLP)
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Computer Assisted Coding (CAC) Software Demand Share, 2019-2026
12. Asia Pacific Computer Assisted Coding (CAC) Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Physicians/Clinics
12.4.3. Clinical Laboratories
12.4.4. Academic Medical Centers
12.4.5. Other Healthcare Organizations
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Type
12.7.1. Structured Input
12.7.2. Natural Language Processing (NLP)
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Computer Assisted Coding (CAC) Software Demand Share, 2019-2026
13. Middle East & Africa Computer Assisted Coding (CAC) Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Physicians/Clinics
13.4.3. Clinical Laboratories
13.4.4. Academic Medical Centers
13.4.5. Other Healthcare Organizations
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Computer Assisted Coding (CAC) Software Market Size and Volume Forecast by Type
13.7.1. Structured Input
13.7.2. Natural Language Processing (NLP)
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Computer Assisted Coding (CAC) Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Computer Assisted Coding (CAC) Software Market: Market Share Analysis
14.2. Computer Assisted Coding (CAC) Software Distributors and Customers
14.3. Computer Assisted Coding (CAC) Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Artificial Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cerner Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dolbey Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mckesson Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nuance Communications
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Optum
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Precyse Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Trucode
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook