Dental Practice Management Software Market analysis research and trends report for 2019-2025
Category: #business  By Rahul Varpe  Date: 2020-01-15
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Dental Practice Management Software Market analysis research and trends report for 2019-2025

Global Dental Practice Management Software Market value is set to achieve a significant CAGR from 2019 to 2025, as per the new research report. Dental practice management software industry has established itself as one of most dynamic sectors in the overall healthcare IT ecosystem. Dental practice management software is getting a renewed traction driven by the optimized, convenient, and efficient operation management enabled by these systems. With the right mix of technology and software, dental practice management software industry has not only improved in terms of providing advanced care, but also in effectively managing finances, marketing, patient relationships, and other operational aspects of dental practice.

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The widespread demand to maximize the chair time utilization is indeed an apt driver pushing the massive deployment of these systems. Chair time here refers to the amount of time a patient spends in the chair of a dentist. Incorporation of dental practice management software in this instance will eliminate challenges that affect the profitability of dental practitioners such as short notice cancellations, un-booked appointments, failure-to-attends, etc. Here the optimal use of management software by the dentists may results in higher revenue generation and improved gains. In fact, a well-organized use of chair time can raise the profits by more than 20% and the revenue by more than 5%. Fueled by the massive deployment of these tools to boost the operational efficiency of the dental practice, DPMS industry is poised to chart a lucrative roadmap over the years ahead.

The cloud technology has remarkably revolutionized the healthcare IT fraternity. The foremost attribute of the cloud is that it effectively frees up the flow of data by making it accessible from multiple locations, thereby combating the locational constraints. Subject to this fact, cloud-based dental practice management solutions are set to be a real game-changer in the industry. The technology has enabled optimal management by providing access to account information, patients record, statistics, and dental plans irrespective of the location of the clinician or the patient.

Cloud based dental practice management software market is anticipated to record a CAGR of 14.6% over 2018-2024. While other types of deployment modes such as web-based and on-premise based have garnered substantial acclaim, it is rather overt that over the coming years, cloud-based delivery mode is set to race ahead of its peers and emerge as a lucrative segment of DPMS industry.

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A succinct outline of the regional DPMS industry: U.S. to be a pivotal investment hub

Currently, North America dental practice management software market, powered by the U.S., is one of the most remunerative regional markets of this fraternity. The region is witnessing rapid healthcare IT infrastructure developments and utility of tablets and mobile related solutions. U.S. is set to witness a soaring adoption of dental practice management software with the expanding healthcare IT sector. U.S. dental practice management software industry size, as per estimates, was pegged at SD 450.7 million in 2017 and is projected to emerge as a dominant market over 2018-2024, registering its name as the leading country contributing to North America business space. The contributions of the Health Information Technology for Economic and Clinical Health Act, which has allocated USD 25 billion to encourage the adoption of advanced technology and software in healthcare is also favoring the regional trends.

Asia Pacific dental practice management software industry is anticipated to register a modest CAGR over 2028-2024, driven by China, Japan, and India. Several other regions including South Korea, Australia, and Singapore are at the forefront with regards to adopting advanced technologies and healthcare IT solutions. With growing deployment of quality healthcare IT infrastructure in the emerging economies, APAC dental practice management software is further anticipated to witness high growth potential over the coming years.

Report Content

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Dental practice management software industry 3600 synopsis, 2014 - 2025

2.1.1. Business trends

2.1.2. Component trends

2.1.3. Delivery mode trends

2.1.4. Regional trends

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Chapter 3. Dental Practice Management Software Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Rising global geriatric population

3.3.1.2. Greater awareness and focus on oral health in U.S. and Europe

3.3.1.3. Rising need for cost containment

3.3.1.4. Accelerating technological advances in developed regions

3.3.1.5. Rising government and venture capital funding

3.3.2. Industry pitfalls and challenges

3.3.2.1. Shortage of skilled IT professionals

3.4. Growth potential analysis

3.4.1. By component

3.4.2. By delivery mode

3.5. Cost analysis

3.6. Technology landscape

3.7. Industry ecosystem analysis

3.8. Company market share analysis, 2017

3.9. Porter’s analysis

3.10. Competitive landscape, 2017

3.10.1. Strategy dashboard

3.11. PESTEL analysis

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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