The global dental practice management software market size is
expected to reach USD 3.4 billion by 2026, based on a new report by Grand View
Research, Inc., registering a 10.0% CAGR during the forecast period. Market
growth can be attributed to increasing geriatric population and increase in
oral healthcare expenditure.
According to the U.S. Census Bureau’s
International Data Base, the population of individuals 45 years and older is
expected to grow by about 12.0% between 2015 and 2025, while the total U.S.
population will increase by about 8.0% during the same period. Furthermore, the
expected increase in oral health insurance coverage and favorable government
initiatives could drive the market during the forecast period.
Usage of various modules increases the
productivity and efficiency of dentists. Furthermore, technological
advancements in the field and growing investments by companies in emerging
markets are expected to propel market growth. Integrated software with features
such as appointment scheduling, reminder service, perio-charting, tooth
charting, payment, and electronic health records helps streamline dental
practice, which increases demand for the same.
Mergers and acquisitions for development
and commercialization of products are likely to drive the market in the coming
years. In June 2018, Patterson entered into a new joint venture with Cure
Partners to form a new firm-Technology Partner Innovations, LLC-and launched
NaVetor, a new cloud-based practice management software.
Access Research Report of Dental Practice Management Software
Market @ https://www.grandviewresearch.com/industry-analysis/dental-practice-management-software-market
Further key findings from the study suggest:
· By deployment mode, the web-based segment
dominated the market in 2018 as it provides some of the same features as
cloud-based software and at lower costs as compared to other software. In
addition, it enjoys the first-mover advantage in the market. However, the
cloud-based segment may surpass the web-based and on-premises segments over the
coming years owing to the additional advantages it offers
· The cloud-based dental practice management
software segment is projected to grow at the fastest rate during the forecast
period. This is due to its flexibility, disaster recovery system, automatic
software updates, increased collaboration, ability to work on any internet
connected device, security, environment-friendly features, and ability to
establish competition
· In 2018, North America dominated the global
market due to favorable government initiatives, local presence of key players,
growing geriatric population, and high oral healthcare expenditure
· Asia Pacific is the fastest growing
regional market owing to increasing investments by industry players and rising
awareness about oral healthcare among people
· Some of the market players operating in the
industry are Henry Schein, Inc.; Patterson Companies, Inc.; Carestream Dental;
Curve Dental, Inc., DentiMax, LLC; Practice Web, Inc.; NextGenHealthcare
Information Systems, LLC; and ACE Dental Software.
Grand View Research has segmented the
global dental practice management software market by deployment mode and
region:
Dental Practice Management Software
Deployment Mode Outlook (Revenue, USD Million, 2015 - 2026)
·
On-premise
·
Web-based
·
Cloud-based
Dental Practice Management Software
Regional Outlook (Revenue, USD Million, 2015 - 2026)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
·
Middle East and Africa
o
South Africa
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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