Global Dental Practice Management Software Market – Industry Analysis and Forecast (2019-2027)


Posted January 21, 2021 by ramvasekar

Global Dental Practice Management Software Market – Industry Analysis and Forecast (2019-2027)
 
Global Dental Practice Management Software Market was valued US$ 1.8 Bn in 2019 and is expected to reach US$ 5.1 Bn by 2027, at CAGR of 13.9 % during forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Increasing awareness and growing focus on oral health in developed economies will augment the demand for dental practice management solutions in future. Several initiatives and awareness programs conducted by various organizations have contributed to creating high awareness to cater to the ever-increasing need for quality dental care.

The growing burden of dental diseases globally leads to an increase in healthcare expenditures. Therefore, rising need for implementation of cost containment measures to curtail escalating healthcare costs will boost adoption of dental practice management solutions by dentists in the upcoming few years. However, a dearth of skilled IT professional required for providing service and support to the dental practice management software retailers may limit the market growth to a certain extent.

The web-based software segment is likely to register the fastest growth during the forecast period. Web-based software business segment was valued at US$ 520.6 Mn in 2018. This is attributable to increased flexibility and convenience offered by such solutions prominent to effective clinical data management and reduced costs. Similarly, web-based dashboard permits operators to assess main metrics as well as track day-to-day schedules, thus boosting the segmental market growth.

Region-wise, the Asia Pacific market for dental practice management software is expected to grow at the highest CAGR during the forecasted period. The growth is attributed to increasing healthcare IT spending and the growing awareness of oral care in various economies such as India, Japan, China, and Australia. The adoption of cloud-based solutions in various healthcare settings has enthused the demand for dental practice management software.

Indian market is poised to witness considerable growth owing to a growing geriatric population suffering from oral problems, rising healthcare awareness and favorable government policies. Such as development of software management system by the Indian Dental Association (IDA) for uniform online registration of dental personnel will expand market growth.

Mergers and acquisitions for development and commercialization of products are expected to drive the market in the upcoming years. In June 2018, Patterson arrived into a new joint venture with Cure Partners to form a new firm-Technology Partner Innovations, LLC-and propelled NaVetor, a new cloud-based practice management software.

Scope of the Global Dental Practice Management Software Market

Global Dental Practice Management Software Market, By Delivery Mode

• Web-based
• Cloud-based
Global Dental Practice Management Software Market, By Application

• Patient Communication software
• Invoice/Billing software
• Payment Processing Software
• Insurance Management
• Other Applications
Global Dental Practice Management Software Market, By End User

• Dental Clinics
• Hospitals
• Other End Users
Global Dental Practice Management Software Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Dental Practice Management Software Market

• ACE Dental Software
• Carestream Dental
• Curve Dental, Inc.
• DentiMax, LLC
• Henry Schein, Inc.
• Patterson Companies, Inc
• Practice Web, Inc.
• NextGenHealthcare Information Systems, LLC
• Web.com Group, Inc.
• Open Dental Software
• Planet DDS, Inc.
• MOGO, Inc. Companies
• MacPractic

Browse Full Report with Facts and Figures of Dental Practice Management Software Market Report at:https://www.maximizemarketresearch.com/market-report/global-dental-practice-management-software-market/32090/

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Last Updated January 21, 2021