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Dental Practice Management Software Market Analysis with Top Players: Carestream Dental, Allscripts Healthcare Solutions, Dovetail, Henry Schein, Curve Dental

Dental Practice Management Software Market | Industry Analysis by Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

Posted: Friday, November 30, 2018 at 5:30 PM CST

Sellbyville, DE -- (SBWire) -- 11/30/2018 --The Dental Practice Management Software Market to exceed USD 2 billion by 2023 as per a new research report.

Growing global geriatric population coupled with increasing prevalence of age related periodontal disease will drive dental practice management software market growth over the forecast timeframe. Increasing incidence of dental cavities and caries owing to adoption of rich in sugar diet and consumption of harmful substances such as tobacco and alcohol will boost market growth.

Favorable government initiatives are creating awareness pertaining to oral health will foster the industry growth. For instance, National Children's Dental Health Month and National Smile Month aimed at sensitizing both children and adults about the benefits of maintaining oral hygiene will propel industry expansion.

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Growing government support and funding is able to offer cost effective and advanced solutions, which will further fuel market growth. Increasing venture capital funding in healthcare IT companies will augment industry expansion.

Technological advancements in dentistry and healthcare IT such as development of cloud based dental practice management solutions will serve to be high impact rendering factors. However, lack of skilled IT professionals required for providing service and support for dental practice management solutions will hamper future industry growth.

Invoice / billing module is poised to grow at a rapid rate over the forecast timeframe, owing to advantages such as easy collection along with automatic recording of payment and billings.

Web based dental practice management solutions accounted for the largest market share. Availability of better security measure coupled with comparatively lower costs of web based systems will drive segment growth over the forecast time frame. However, lack of availability of good internet connectivity especially in developing countries and shift towards cloud based systems in developed economies will restrain growth to some extent.

Germany dental practice management software market held the second largest share in 2015. The country will follow a similar trend and grow at a robust rate during the forecast period. Increasing geriatric population coupled with growing prevalence of dental diseases will propel market growth. Favorable reimbursement scenario for dental procedures will further increase market growth.

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Latin America dental practice management software market should grow at a lucrative rate. Increasing prevalence of dental caries in the region owing to growing sugar consumption and inadequate fluoride exposure will drive regional industry expansion. Increasing number of dental clinics and professionals will further fuel growth. However, lack of awareness pertaining to oral health will impede growth to some extent.

Notable industry players include Carestream Dental, Allscripts Healthcare Solutions, Dovetail, Henry Schein, Curve Dental, DentiMax. The industry participants resort to various strategic initiatives such as new product launch and update existed software, partnership and acquisition to strengthen their industry presence.