Dental Practice Management Software Market worth $2.3 billion | Zion Market Research
Zion Market Research has published a new report titled “Dental Practice Management Software Market by Component (Scheduling, Patient Communication, Invoice/Billing, Payment Processing, Insurance Management, Dental Charting), By Deployment (On-premise, Web-based, Cloud-based): Global Industry Perspective, Comprehensive Analysis and Forecast.
According to the report, global demand for Dental Practice Management Software Market in terms of revenue was estimated to be worth $1.5 billion in 2023 and is poised to reach $2.3 billion by 2028, growing at a CAGR of 8.6% from 2023 to 2028
The word dental software is used for dental technology. Computers have been in dental medicine since the 1960s. The dentist uses dental software in their practice to maintain patient records and organize patient records. Patient management software is used for compiling, recording, archiving and retrieving patient information, as well as for producing patient reports. Dental computers were first used to document dental documents as an alternative to paper dental records. Finally, the word “computer-based dental records” was replaced by the terminology “electronic patient record” (EPR), as the latter describes the mechanism and context in which the patient record is handled better. Web-based management software has been developed for recording dental patients. Instead, web-based records store patient information in a central web server on the computer in the dental office.
Growing geriatric population around the world should serve as an engine of high-impact rendering for dental practice management software market growth. The 60-year-old patient population is predicted to be more than double by 2050, according to data from World Population Prospects. The upsurge in the number of aging patients with dental problems would result in an expansion of the industry. In the future, increasing awareness and focus on oral health will increase demand for solutions for dental practice management across developed economies. Various campaigns and awareness programs carried out by several organizations have helped to create a high level of awareness to meet the ever-increasing need for quality dental care. Eventually, increasing the risk of dental disease leads to increased health care spending. As a result, the increasing need for cost containment measures to curb rising healthcare costs would intensify the adoption by dentists of management solutions for dental practice in the coming years. Growing technological advances along with growing adoption in developed regions over the timeframe forecast would drive industry growth. Fuel demand would be fueled by rapid dental developments, including the shift of stand-alone practice management technology to integrated EHR / practice management systems and advanced tools.
The market for Dental Practice Management Software market is segmented based on component, deployment and region. Based on component, the market is segmented into scheduling, patient communication, invoice/billing, payment processing, insurance management, dental charting.
Based on deployment, the market is segmented into on-premise, web-based, cloud-based. The web-based segment dominated the market in 2018 by deployment as it offers some of the same functionality as cloud-based software and at lower cost than other software. It also enjoys the market’s first-mover advantage. Nonetheless, due to the additional benefits it offers, the cloud-based segment can exceed the web-based and on-premises segments over the coming years.
Regional segmentation comprises the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further split into major countries. Because of favorable government initiatives, local presence of key players, increasing geriatric population, and high spending on oral health care, North America dominated the global market in 2018; Asia Pacific is the fastest growing regional market due to increased investment by industry players and increased awareness of oral health care among people.
Some of the players included in Dental Practice Management Software market are -
- Carestream Dental
- DentiMax
- Henry Schein
- NextGen Healthcare Information Systems
- Patterson Companies
- Practice Web
The report segments global Dental Practice Management Software market as follows:
Global Dental Practice Management Software Market: Component Segment Analysis
- Scheduling
- Patient Communication
- Invoice/Billing
- Payment Processing
- Insurance Management
- Dental Charting
Global Dental Practice Management Software Market: Deployment Segment Analysis
- On-premise
- Web-based
- Cloud-based
Global Dental Practice Management Software Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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