A recent report published by Infinium Global Research on dental practice management software market provides an in-depth analysis of segments and sub-segments in global as well as regional dental practice management software market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional dental practice management software market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global dental practice management software market. According to the report the global dental practice management software market is projected to grow at a CAGR of 7.1% over the forecast period of 2018-2024.
A dental practice management software helps dental practice manager to smoothly manage the day to day activities like scheduling appointments, entering employee information, managing billing & insurance information, meanwhile, dental hygienists and dentist can enter their clinical work performed for that day. Some of the features that are essential for daily management and record of clinical activities include appointment scheduling payment entry, managing claims, patient reminders, referral tracking, and printing statements. The state-of-the-art software solutions also enable dentists to streamline their workflow and maximize the chair time utilization leading to improved profit margins. Thus, the emergence of medical practice management software solutions has completely transformed the dentistry sector.
Applications provided by the software increases the productivity and efficiency of dentists. In addition features such as appointment scheduling, reminder service, tooth charting, payment, electronic health records, and more are driving the demand for dental practice management software. Furthermore, rising aging population and increase in oral healthcare expenditure to augment the market growth. However, the high initial set up cost is possible restraint of the market. Technological advancement in dentistry expected increase in oral health insurance coverage and government initiatives could drive the industry during the forecast period.
Geographically, North America accounted for the highest market share in 2017 and is expected to hold a significant market share during the forecast period. The market in this region is primarily driven on account of rapidly increasing old population, adoption of digital platforms in dental healthcare management and increasing adoption of group dental practices. Asia-Pacific region is projected to grow at the highest CAGR, during the forecast period.
The report on global dental practice management software market covers segments such as deployment and application. On the basis of deployment the global dental practice management software market is categorized into on-premise, web-based and cloud-based. On the basis of application the global dental practice management software market is categorized into patient management & billing, insurance and claim tools and clinical applications.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and rest of the world. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global dental practice management software market such as ACE Dental Software, Carestream Dental, Curve Dental, Inc., DentiMax, LLC, Henry Schein, Inc., Patterson Companies, Inc, Practice Web, Inc. and NextGenHealthcare Information Systems, LLC.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global dental practice management software market. Moreover, IGR-Growth matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as porter's five forces analysis and DRO analysis of dental practice management software market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the dental practice management software market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the dental practice management software market to understand the present and future trends in this market and formulate their strategies accordingly.