Dental Practice Management Software Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Dental Practice Management Software Market: Snapshot
The latest professional survey study predicts that the global dental practice management software market is anticipated to record a significant CAGR of 10.5 % over the study’s forecast period i.e. 2018 to 2026.
Some of the most prominent driving factors, boosting the development within the global dental practice management software market include the increase in the geriatric population that is more prone to dental illnesses owing to dental decay and cavities as well as the growth in the levels of awareness amongst the conusmers on maintaining proper oral hygiene and health.
Furthermore, other drivers for the growth of the global dental practice management software market include the increasing focus on availing regular and periodic dental cleaning and dental maintenance services in developing and developed economies in Europe as well as North America regions as well as the rapid growth in the technological solutions in the dental health scenario in developed economies.
While the growing number of geriatric population availing dental health services motivate the adoption of high end software solutions in the global dental practice management software market, the lack of skilled IT professionals in the landscape of the healthcare IT may restrict the industry’s growth in coming years.
The software solutions offered by the developers and players in the global dental practice management software market offer various types of unique services and solutions, such as scheduling of appointments, sharing as well as storage of documents and patient health records, database of patient contacts, and storage and evaluation of various prescribed dental treatment plans.
The increasing demand for web-based solutions is anticipated to foster the development of the global dental practice management software market in coming years. Additionally, the growing awareness campaigns by several players in the global dental services industry is also likely to motivate the adoption of dental services, and hence fuel the demand within the global dental practice management software market in near future.
The last couple of years have witnessed a tremendous rise in dental services owing to the growing number of dental problems across the globe. Dental practices such as oral surgery, endodontics, pediatric dentistry, and orthodontics worldwide. Improvements in technology have resulted in the designing of web-based, ascendable, and instinctive software that are operative in eradicating potential technology interruptions and provide dental surgeons with various choices for managing their daily routines. All these progresses have assisted in the development of the global dental practice management software market. Upsurge in private dental insurance, predominantly in developed regions such as the North America, and sustained focus towards a inclusive health insurance plan in several regions are anticipated to have favorable impact on the growth of the global dental practice management software market.
The growing geriatric population looking for dental care and operations, the requirement to improve patient outcomes, and the ongoing technological advancements in the software employed for managing dental care are the prime dynamics that are likely to boost the growth dental practice management software market in the years ahead. Together with this, the initiatives by governments for transforming the dental healthcare industry in several regions and the development of spontaneous and easy software are further expected to bolster the growth of the market. To maintain a competitive edge over others, the leading companies are focusing on providing web-based and scalable solutions to their customers.
Global Dental Practice Management Software Market: Overview
Recent years has witnessed significant developments in streamlining the dental practice workflow across orthodontics, pediatric dentistry, endodontics, and oral surgery. Advancements in technology have led to the design of web-based, scalable, and intuitive software that are effective in eliminating potential technology hiccups and offer dental surgeons a various options to manage their day-to-day practices. All these developments have aided the expansion of the global dental practice management software market. Increase in private dental insurance, particularly in developed regions such as the U.S., and continued focus toward a comprehensive health insurance plan in various regions are expected to favorable impact the growth of the global market.
The report is prepared with the help of valuable inputs from key market participants such as industry leaders, healthcare strategists, market executives, and thought leaders. The research study provides detailed analysis of key drivers and restraints, current and emerging trends, competitive scenario and the factors affecting the demand for dental practice management software. The report zeros in on prominent technological innovations in software and analyzes their impact on strategies adopted by the market players. The report gleans through a wealth of relevant industry data to identify the key trends and highlights the impact of these trends on the adoption rate of different types of software among various end users.
Global Dental Practice Management Software Market: Trends and Opportunities
The increasing geriatric population seeking dental care and surgeries, the need for improving patient outcomes, and technological advancements in the software used for managing dental care are the primary factors driving the dental practice management software market. Coupled with this, government initiatives to transform the dental healthcare in major regions and the development of intuitive and easy-to-use software are expected to boost the market.
However, limited or non-existent public coverage for dental care across major regions is likely to hinder the growth of the dental practice management software market. On the other hand, the emergence of cloud-based solutions that do not need large upfront investment by dental practitioners is expected to create abundant growth opportunities for the market players. Furthermore, growing investment of healthcare IT companies is expected to stimulate the demand for dental practice management solutions.
Global Dental Practice Management Software Market: Regional Outlook
North America is a prominent market for dental practice management solutions. The growth in the region is propelled by robust healthcare delivery, increasing coverage of private dental insurance, and the launch of high-end software with advanced functionalities.
Asia Pacific is expected to witness showcase lucrative growth opportunities for the market players. The growth is attributed to increasing healthcare IT spending and the growing awareness of oral care in various countries such as India, Japan, China, and Australia. The adoption of cloud-based solutions in various healthcare settings has stimulated the demand for dental practice management software.
Global Dental Practice Management Software Market: Competitive Landscape
Leading companies are offering an extensive range of scalable and web-based solutions to cater to the needs of the dental clinics of all sizes to gain a stronghold in the market. Manufacturers are bringing product innovations and adopting mergers & acquisitions to consolidate their shares in the global dental practice management software market. Major market players operating in this market include Henry Schein, Inc., Carestream Dental, Patterson Companies, Inc., Practice Web, Inc., Dentimax LLC, and NextGen Healthcare Information Systems, LLC.
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