The Dental Practice Management Software Market, 2024 - Lucrative Opportunities Projected for Web-based Delivery - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 1, 2019--The “Dental Practice Management Software Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The dental practice management software market is expected to register a CAGR of 10.5% over the forecast period.
Factors that are responsible for the growth of this market include the rising geriatric population, increasing awareness and focus on oral health in the United States and Europe, and the accelerating technological advancements in the developed regions.
The rising geriatric population is expected to drive the market primarily. According to data from the 2017 Revision of World Population Prospects, the number of older people, aged 60 years or more, is expected to grow more than two-fold by 2050, and more than three-fold by 2100, i.e., increasing from 962 million, in 2017, to 2.1 billion in 2050, and further to 3.1 billion in 2100, globally. In 2017, there were approximately 962 million people aged 60 or more, worldwide, comprising 13% of the global population, and at present, is growing at a rate of about 3% per year.
With the rising aging population, the chances of people suffering from dental issues are expected to rise, leading to an increasing need for the dental practice management software across developing as well as developed nations. However, the factors, such as the shortage of skilled IT professionals may restrain market growth.
Key Market Trends
Web-based is Expected to Hold the Major Share in the Current Market of Delivery Mode Segment
Web-based dental practice management is entirely accessed through a web browser and no software is installed or required on the user’s device at all. All data and software are hosted remotely and accessed through the internet. This is one of the main advantages of web-based dental practice management software - and in the current market scenario, the most used software is the web-based, but however, in the coming next few years the cloud-based software is expected to rise.
One of the major differences between the web-based patient portal model and the cloud-based model is the use of personal instances of the application in the web-based model, whereas, in the cloud-based model, the provided model is standardized for all customers. In addition, the main factor which is hindering the growth of the web-based model segment, unlike cloud-based, is that it runs only on the provider’s web servers.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America currently dominates the market for dental practice management software and is expected to continue its stronghold for a few more years. In the North American region, the United States holds the largest market share. The increasing use of dental practice management software in the United States has been increasing, along with EHR, since the Health Information Technology for Economic and Clinical Health (HITECH) Act came into existence in 2009. Until a decade ago, nine out of ten doctors in the United States updated their patient’s records by hand and stored them in color-coded files.
The dental practice management software market is moderately competitive and consists of several major players. In terms of market share, a few of the major players currently dominate the market. With the increasing number of aged population and the rising need for mobile health, a few other smaller players are also entering the market and are expected to hold a substantial share.
Some of the major players of the market are Carestream Dental, Patterson Companies Inc., Henry Schein Inc., Curve Dental, Inc., and ACE Dental, among others.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Geriatric Population
4.2.2 Increasing Awareness and Focus on Oral Health in US & Europe
4.2.3 Accelerating Technological Advancements in Developed Regions
4.3 Market Restraints
4.3.1 Shortage of Skilled IT Professionals
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Delivery Mode
5.2 By Application
5.2.1 Patient Communication software
5.2.2 Invoice/Billing software
5.2.3 Payment Processing Software
5.2.4 Insurance Management
5.2.5 Other Applications
5.3 By End User
5.3.1 Dental Clinics
5.3.3 Other End Users
5.4.1 North America
5.4.4 Middle East & Africa
5.4.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Henry Schein Inc.
6.1.2 Patterson Companies Inc.
6.1.3 Carestream Dental
6.1.4 Curve Dental Inc.
6.1.5 ACE Dental
6.1.6 NextGen Healthcare Information Systems LLC
6.1.7 Open Dental Software
6.1.8 Planet DDS Inc.
6.1.9 MOGO Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/awyvax
View source version on businesswire.com:https://www.businesswire.com/news/home/20190501005551/en/
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INDUSTRY KEYWORD: HEALTH DENTAL GENERAL HEALTH
SOURCE: Research and Markets
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PUB: 05/01/2019 07:59 AM/DISC: 05/01/2019 07:59 AM