Vietnam Medical Coding Market Size, Share, Growth, Trends and Forecast 2025-2033

The Vietnam Medical Coding Market reached a size of USD 116.00 Million in 2024 and is expected to grow to USD 274.11 Million by 2033. The market will expand at a CAGR of 8.98% over the forecast period 2025-2033. Growth is primarily driven by government mandates for nationwide electronic medical records, increased adoption of international coding standards for insurance reimbursement, and rapid expansion of healthcare business process outsourcing.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

Vietnam Medical Coding Market Key Takeaways

• The Vietnam medical coding market size was USD 116.00 Million in 2024.
• It is forecasted to grow at a CAGR of 8.98% between 2025 and 2033.
• The market is projected to reach USD 274.11 Million by 2033.
• Government-mandated digital transformation requiring electronic medical record systems is boosting demand.
• Adoption and enforcement of international coding standards are facilitating insurance reimbursements.
• Rising healthcare business process outsourcing, supported by Vietnam's competitive advantages, is driving service demand.

Sample Request Link: https://www.imarcgroup.com/vietnam-medical-coding-market/requestsample

Market Growth Factors

Vietnam's medical coding market growth is primarily supported by three key factors. First, the government's ambitious nationwide digital transformation initiative mandates all healthcare facilities transition to electronic medical records systems. By November 2024, Bach Mai Hospital completed this transition, highlighting the government's commitment. This overhaul demands standardized coding to ensure data consistency and interoperability, creating substantial need for trained coders and coding software.

Second, Vietnam enforces comprehensive regulations mandating international coding standards, such as ICD, for medical coding. This ensures interoperability between IT systems and directly affects reimbursement processes through the national health insurance system. The upcoming transition to ICD-11, with expanded code structures, will require extensive training and system upgrades nationwide.

Third, the rapid expansion of healthcare business process outsourcing (BPO) is fueling demand. Vietnam's BPO market benefits from a young educated workforce, cost-effective labor, favorable policies, and foreign direct investment. Major BPO companies like Bestarion and Innovature BPO are expanding healthcare service offerings, leveraging technologies such as AI and automation to enhance coding accuracy and compliance.

Market Segmentation

Component Insights:

• In-house: Internal medical coding departments within healthcare facilities manage coding tasks.
• Outsourced: External service providers offer medical coding services to healthcare organizations, enhancing efficiency.

Classification System Insights:

• International Classification of Diseases (ICD): Widely adopted coding system mandated for use in Vietnam.
• Healthcare Common Procedure Code System (HCPCS): Another classification system employed for medical coding.

End User Insights:

• Hospitals: Include public and private hospitals utilizing medical coding for patient records and billing.
• Diagnostic Centers: Facilities conducting medical diagnostics that require coding services.
• Others: Other end users in the healthcare ecosystem benefiting from medical coding.

Regional Insights

The report identifies Northern Vietnam, Central Vietnam, and Southern Vietnam as major regional markets. Vietnam's government-driven healthcare digitalization and hospital infrastructure expansion benefit all regions. No specific market share or CAGR statistics are provided for individual regions.

Vietnam's comprehensive rollout of electronic medical records and integration with the VNeID national digital identity system, accessible to 95% of the population by 2025, underpins regional healthcare service delivery improvements uniformly across the country.

Key Players

• Bestarion
• Innovature BPO

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302