Transparency Market Research Report Added "Dental Practice Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025"
Albany, NY -- (SBWIRE) -- 07/24/2017 -- Dental practice management software is an administrative tool that helps in operation of dental practices. The software is inclusive of all non-clinical operational functions such as appointment bookings, accounting, patient's accounts, patient monitoring analytics, report generation, medical records, and bill generation. The software aids in maintaining high quality standard of patient care, is easy to use, saves time, and regularizes the data. Additional features can be added to enhance productivity such as anesthesia monitoring and use of radiographic systems.
The global dental practice management software market (DPMS) is projected to grow at a robust rate during the forecast period. Growing demand for dental services due to increase in geriatric population and rise in oral health care expenses are the key factors fueling the growth of the global dental practice management software market. Furthermore, technological advancements in the software, reduction of manpower, rise in investment by companies, integrated software with all features within a small package, higher penetration rates leading to increase in providers, and rise in demand for health care IT systems are the major factors augmenting the global market during the forecast period. However, high cost of software can restrain the dental practices management software market in few developing countries during the forecast period.
The global dental practice management software (DPMS) market can be segmented based on application, deployment mode, end-user, and region. In terms of application, the global market can be divided into appointment scheduling, patient communication, electronic claims, report generation, and others. The appointment scheduling segment is expected to dominate the global market due to increase in dental checkups as a result of rise in awareness about oral health.
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Based on deployment mode, the global dental practice management software market can be divided into web-based and cloud-based. The cloud-based segment is anticipated to grow at a robust rate during the forecast period. Factors such as availability of data at any point of time irrespective of place and no need of IT investments are propelling the segment. In terms of end-user, the global market can be segmented into corporate dental practices, individual dentists, and non-profit dental practices.
Geographically the dental practice management software market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the market, accounting for the largest share. High adoption rate of the software and increased oral health care expenditure propel the market in North America. Furthermore, technological advances in the software such as billing integrated with electronic health records have increased the penetration rate of the software in the region leading to market growth. Asia Pacific is anticipated to register faster growth rate during the forecast period. Asia Pacific is the most lucrative market due to increasing geriatric population, adoption of health care IT solutions for better standard of life, and rise in awareness towards oral health care.
Key players have adopted strategies such as mergers and acquisitions, cost effective and efficient products, and collaborative partnerships to sustain market position. Prominent players operating in the global dental practice management software market are ACE Dental, MOGO, Inc., Carestream Health, Patterson Companies, Inc., MacPractice, Inc., Henry Schein, Inc., Practice-Web, Datacon Dental Systems, and Dentisoft Technologies, among others.
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