The growth of the market is being driven by the increasing need for efficient and accurate medical billing and coding processes across the globe. The Medical Coding Market size attained a value of about USD 18.82 billion in 2022. The market is expected to grow at a CAGR of 10.90% during the forecast period of 2023-2031 to attain a value of USD 47.75 billion by 2031. Medical Coding: Introduction Medical coding is the process of assigning codes to medical diagnoses, procedures, and services to ensure uniformity in medical record-keeping and billing. These codes are used by healthcare providers, insurance companies, and government agencies to accurately track and manage healthcare services and costs.