Market Insights
Market Research Future (MRFR) asserts that the global dental practice management software market Trends is predicted to demonstrate a robust CAGR during the forecast period. Augmenting awareness regarding oral healthcare is anticipated to favor the market growth. Dental practice management software is considered as an integral part of dental practice administration. It is a clinical tool which is extremely advantageous to the management of hospitals and dental clinics. As the dental offices require to handle a large volume of patient information, both clinical and administrative, the front office staff and dental professionals are always in search of an effective way to store, record, and improve access to patient information. This can only be achieved by dental practice management software.
Key Players
Market players that have been profiled in the report include prominent organizations that are participating in the market and employ growth strategies which influence market growth and opportunity. Players include Curve Dental, Practice Web, Henry Schein, NextGen Healthcare Information Systems, LLC., Carestream Dental, DentiMax, Patterson Dental, Allscripts Healthcare Solutions, and Dovetail Dental Software.
Market Potential and Pitfalls:
With the latest development in oral healthcare technologies, the adoption of software has accelerated across the globe. The accelerating expenditure on dental healthcare coupled with the augmenting awareness regarding oral healthcare is likely to favor the expansion of the dental practice management software market throughout the appraisal period. The geriatric population has also opened new gateways of growth opportunities for the service providers in the dental sector. As per data published by the World Population Prospects, the total population of the older people is likely to get doubled by the end of 2050. This is likely to augment the oral healthcare industry, thereby triggering the adoption of dental practice management software. The dental software industry is also fueled by the increasing technological advancements along with its large-scale adoption. Integrated software comprising features of reminder service, appointment scheduling, tooth charting, period charting, electronic health records, payment, and others are likely to trigger the demand of these products.
With changing food habits and changing lifestyle resulting in several dental disorders, the global market for dental practice management software is considered to flourish. This is further estimated to generate revenue for the market players in the coming years. Moreover, investments are considered to flow towards the largest dental practice management companies which is predicted to trigger the market growth across the globe.
Market Segmentation:
The global dental practice management software market has been segmented on the basis of application, deployment, and end-user.
By mode of deployment, the global dental practice management software market has been segmented into on-premise, cloud, and web-based. Among these, the web-based deployment is predicted to occupy a majority share as it offers high security, lesser price, instant software updates, increased number of industry players, and unlimited storage capacity. On the other hand, the cloud-based deployment is gaining prominence as it offers a more secured patient database.
By mode of application, the global dental practice management software market has been segmented into patient management, charting, invoicing/billing, insurance management, and others. Among these, the patient management and billing system are estimated to dominate the market owing to the high adoption of digital platforms by the younger generation for scheduling an appointment, billing applications, e-billing insurance claiming, and value-added features offered by the patient management.
By mode of end-users, the global dental practice management software market has been segmented into hospitals, dental clinics, and others.
Regional Analysis:
Geographically, the dental practice management software market span across regions namely, Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Among all the regions, the European and North American regions are predicted to experience significant growth rate owing to the presence of a developed nation in these regions. Nations such as Germany, France, U.S., and the U.K. are continuously focusing on oral health which is further propelling the market growth. Also, the presence of well-established healthcare sectors coupled with the growing importance for quality healthcare is some of the major factors propelling the market growth in these regions during the appraisal period.
The Asia Pacific region is estimated to witness a swift growth owing to the presence of a large patient pool combined with the rapid changing healthcare sector in this region. With emerging nations increasing their healthcare expenditure in order to update the existing infrastructure, the market in this region is considered to flourish. Moreover, investments in oral healthcare are growing in nations such as China and India, which is further contributing to the growth of the market.
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