Dental Practice Management Software Market Research, Agency, Business Opportunities with New Players

 

Expansion of healthcare activities and operational efficiency of the software are other drivers of the dental practice management software market. The boom in the geriatric populace is likely to provide new opportunities to the market. The low immunity system and vulnerability to various diseases make them a prime customer base to the dental industry. Dental practice management software will play a major part in assisting the elderly in collection, billing, and patient management.

The global dental practice management software market is expected to exhibit a stellar growth rate from 2016 to 2027 (forecast period). It is driven by the increasing focus on oral health in countries with rising urbanization. Awareness of dental problems and rising number of patients seeking treatment and diagnosis in developing and developed countries can drive the market growth during the forecast period. The transfer of data as well as shift to digitized information can evoke the need for dental practice management software.



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Segmentation

The dental practice management software market is segmented by deployment, application, and end-user.

By deployment, it is segmented into cloud, on-premise, and web-based. The web-based segment can capture a large market share due to instant security updates, high security protocols, and infinite storage capacity. On the other hand, the cloud segment can gain a lead over its counterpart during the forecast period due to the development of mobile based applications which functions over the cloud.

By application, it is segmented into patient management, charting, insurance management, invoicing/billing, and others.

By end-user, it is segmented into hospitals, dental clinics, and others.

Regional Analysis

Regionally, the dental practice management software market is segmented into North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).

North America and Europe are prime regions for the market due to the large patient volume and expendable income levels dedicated towards oral health. Large patient pool in the U.K., U.S., France, and Germany can contribute to global market revenue due to focus on oral health by citizens. Emphasis on providing quality healthcare as well as presence of established healthcare sectors can bode well for the dental practice management software market.

On the flip side, the APAC region can display a strong growth rate due to the ever-dynamic healthcare sector and large patient populace. Various emerging economies with inflated healthcare budgets and efforts to upgrade the existing infrastructure of the healthcare sector can drive the global market demand. Increasing investments in oral health by South Korea, China, India, and Indonesia is predicted to work in favor of the dental practice management software market.

Competition Analysis

Carestream Dental, Allscripts Healthcare Solutions, Practice Web, Henry Schein, DentiMax, NextGen Healthcare Information Systems, LLC., Curve Dental, Dovetail Dental Software, Patterson Dental, and others are major players within the dental practice management software market.

Industry News

Tele-orthodontics is a new trend gaining traction within the dental industry. This is evident with the development of mobile applications and implementation of 3D printing technology for printing out whole sets of teeth using 3D software. The trend has encouraged companies dedicated to niche segments such as diagnosis or scanning to align their goals in order to thrive.

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