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.
Browse full research report on 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.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/dental-practice-management-software-market/request/rs1
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
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Middle
East and Africa
- 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.
For
more info visit @ https://www.grandviewresearch.com
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