Dental Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 - 2032
The dental software market has been projected to reach a CAGR of 10.16% in the foreseeable years from 2021 to 2031.
The revenue generation opportunities in the dental software market have been attributed to the increasing geriatric population, rapid technological advancements, and growing concentration as well as awareness related to oral health.
There are various organizations around the world that are likely to encourage and accelerate the use of industrial services. Further, the growing adoption of healthcare IT solutions, prominently in specialty clinics, for example, oral practices has been predicted to increase insurance coverage. So, these factors are expected to serve as revenue generators in the dental software market in the coming years.
There has been a significant increase in life expectancy that has further increased the population of geriatric people. So, rising life expectancy is estimated to result in increased per capita requirements for services related to oral care. These factors are likely to increase the requirement for DPM solutions. These factors are likely to fuel expansion opportunities in the dental software market.
The adverse effects of various drugs that are used for Alzheimer’s disease, Parkinson’s disease, anxiety, pain, high BP & cholesterol, and asthma are likely to result in adverse effects on elderly people. These issues make older people enter the second round of years that are cavity-prone. These factors are likely to create growth avenues in the dental software market.
The world of dentistry continued to move ahead at a massive pace and is witnessing an increasing influx of advanced technologies. From witnessing the use of electric handpieces as replacement for speed belt driven tools to using tiny yet high-precision digital cameras to capture dental impressions to employing laser instead of scalpels, conventional dental practice has moved miles ahead in the present day scenario. Digital technologies are rapidly making inroads in the field of dentistry and soon the 3D technology is projected to transform the field.
For a fully digital workplace to work effectively, the seamless incorporation of all devices, tools, and procedures requires effective software solutions. With rising adoption of digital technologies, especially across developed and certain developing economies, the global dental industry is expected to create massive growth opportunities for the global software industry in the next few years. To seize the promising growth opportunities that the industry has to offer, several software companies across the globe are increasingly foraying into the field of dental software.
With competition already intense owing to the presence of a large number of vendors, the market is witnessing attempts by companies at improving the set of features in their software solutions, more focus on development of solutions with extended connectivity options, flexible multiplatform operations, and radically improved user interfaces. The rising use of the mobile media in a number of functional areas of dentistry is also expected to have a major transformational effect on the overall development of the global dental software market.
The world market for dental software is looking to take advantage of the growing adoption of dental practice management software, especially in developed countries such as the U.S. For the major part of the demand, legislations such as the Health Information Technology for Economic and Clinical Health (HITECH) Act have played a pivotal role. Programs such as the Meaningful Use encourage providers to function on a fixed set of standards formulated by the Centers for Medicare & Medicaid Services (CMS) and adopt technologies such as electronic health record (EHR). Moreover, the switch from desktop to cloud based software systems such as Denticon has boosted the market for enterprise dental practice management software.
Some of the vital categories for the segmentation of the global dental software market are application, component, type, deployment or delivery mode, and end user. A study of the market segmentation allows buyers to peep into the near future and current scenario of the global industry.
The publication offered herewith comes with the feature of customization as per the requirements of the interested parties. Our analysts are seasoned enough to bring you the most appropriate and errorless insights into the global dental software market.
According to the delivery mode type of segmentation, the world dental software market could be classified into on-premise, web-based, and cloud-based. With a high security assurance, cheaper price, prompt software updates, large presence of industry players, and limitless storage capacity, the web-based segment is predicted to hold a mammoth share. However, cloud-based delivery mode is foreseen to rise rapidly while riding on the surging response to the inflating patient-centricity trend.
By component, the segmentation could include patient communication, scheduling, and invoice and billing as commanding segments among others. Out of which, scheduling module gained traction with the indispensable features provided for maximizing resources and accurately scheduling dental checkups.
A host of opportunities in the global dental software market is envisioned to birth from the increasing focus on improving oral healthcare and providing quality service to patients. The global aging population demanding oral healthcare services is also laying a solid platform for growth. As per the National Institute on Aging, the population aging 65 years and above is expected to reach 1.5 bn by 2050 in the U.S. itself.
Hospitals and dental clinics are finding it feasible to adopt various dental software with the availability of subscriptions. Plus, they are quite impressed with the level of assistance received with the use of these software.
With a geriatric population base in millions, the North America market is attributed for a sizable amount of contribution toward the growth of the global dental software market. As there is a substantial number of patients rising from the wide geriatric population base, North America is expected to gain more demand for dental software. Besides this, the complexity of ICD-10 guidelines requires coding assistance, which has increased the adoption of dental practice management software for the uninterrupted operation of revenue cycle.
Europe is anticipated to be poised for an impressive share in the global dental software market on the back of revenue contributions by countries such as Spain, Italy, France, the U.K., and Germany.
Asia Pacific is envisaged to leverage its significant CAGR gains for securing its foothold in the global dental software market. Some of the prominent drivers of the Asia Pacific market could be the fragmented nature of the market and elevating shortage of labor. Moreover, the market is looking to fulfill the demand for better healthcare quality by aggressively adopting healthcare IT solutions. While India and China are still looked upon as emerging avenues, Australia, South Korea, Japan, and Singapore have been at the vanguard of technology adoption.
Giant players in the global dental software market are taking to acquisitions and mergers for cementing their position in the industry. Henry Schein, for instance, had made an agreement with Dental Cremer S.A. in 2016 to expand into the distribution of supplies and equipment in Brazil. Henry Schein Dental, Dexis, ACE Dental, Denti Max, ABELDent Inc., Sirona Dental Systems, Clear Dent, Carestream Health, Inc., and Open Dental are some of the dominating companies in the global market. The industrial players are looking to stretch their presence in the market by also coming up with different innovative technological solutions.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report