DUBLIN, July 28, 2022 /PRNewswire/ — Added “Dental Practice Management Software – Global Market Trajectory & Analytics” report to ResearchAndMarkets.com’s offer.
Reach Global Dental Practice Management Software Market $2.7 billion by 2026
The dental practice management software is a clinical and administrative tool that helps practice management and dentists to provide smooth and efficient services. The software offers a number of functionalities, including e-invoicing, accounting, insurance claims, report generation and online appointment booking.
Dental office software platforms also include clinical functions such as treatment strategy, patient mapping, dental chart creation, dental image generation, and prescription filling. The growth in the global market is driven by an increasing awareness of dental health and the resulting demand for a range of dental care services.
Modern lifestyles such as alcohol consumption and tobacco use also cause more dental problems, leading to a larger group of patients requiring oral care. The rapidly aging world population and the growing need for dental care in this demographic segment provide opportunities for dental practices.
The rise of cosmetic dentistry and the proliferation of dental practices in emerging countries are also expected to boost growth prospects. In addition, emerging markets such as: China and India are witnessing rapid growth in dental practices due to increasing disposable income and increasing awareness about oral health. This, coupled with the growing adoption of digital technologies in dental practices, is leading to an increasing need for software solutions that can automate routine and clinical functions of dental practices.
Amid the COVID-19 crisis, the global dental office management software market is estimated to be: US$1.9 billion in the year 2022, is expected to have a revised size of US$2.7 billion by 2026, growing at a CAGR of 8.2% over the analysis period. Web-based, one of the segments analyzed in the report is expected to grow at a CAGR of 7.5% to reach US$1.3 billion by the end of the analysis period.
The US market is estimated at: $687.6 million in 2022, while China is expected to reach $271.3 million by 2026
The US dental office management software market is estimated to be: US$687.6 million in 2022. The country currently has a share of 36.26% of the world market. Chinathe world’s second largest economy, is expected to reach an estimated market size of US$271.3 million in the year 2026 with a CAGR of 10.4% behind during the analysis period. Among the other notable geographic markets are: Japan and Canadaeach of which will grow by 7% and 7.4%, respectively, over the analysis period.
Segment to be reached on location $432.6 million by 2026
While cloud-based software solutions offer greater flexibility in terms of remote management, data storage, and integration capabilities, on-premise solutions are still accepted due to security implications related to cloud solutions. In the global On-Premise segment, United States, Canada, Japan, China and Europe will generate the estimated CAGR of 6.9% for this segment. These regional markets account for a combined market size of US$211.4 million will reach a projected size of US$337.4 million at the end of the analysis period. China remains one of the fastest growing in this cluster of regional markets. Led by countries such as: Australia, Indiaand South Koreainto the market Asia-Pacific is expected to be achieved US$38 million by the year 2026.
Key players (total 169 recommended):
Allscripts healthcare solutions
Compudent Systems Inc.
Datacon dental systems
Dovetail dental software
Epic Systems Corporation
NextGen Healthcare Information Systems, LLC.
Patterson Dental Supply, Inc.
Main topics covered:
II. MANAGEMENT SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Numerous benefits of practice management software solutions in improving dental office productivity and efficiency bodes well for the market
Rising Oral Disease Prevalence, Growing Oral Health Awareness And Need To Reduce Costs To Drive Market Profits
Rise in the need for oral care from the growing geriatric world population and consequent increase in the number of dental practices to drive market growth
Digital trends are transforming dental practices and increasing opportunities for practice management software
Integrated practice management software promises improvement in patient experience and practice productivity
Streamlining workflows through integrated software solutions
Increasing awareness of artificial intelligence in dental practice management systems
Dental practice management software provides data analytics and business intelligence
Dental Tourism Offers Potential Growth Prospects for Dental Practices, Drives Need for Practice Management Software
Cosmetic Dentistry Dynamics To Influence Demand For Dental Procedures, Fuel Market Growth
Government initiatives drive market growth
Market to capitalize on rising demand for dental treatment from middle-class populations in emerging economies
Major Issues Affecting Dental Practice Management Software Adoption
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information on this report, please visit https://www.researchandmarkets.com/r/o2yhc1
Research and markets
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SOURCE Research and markets