Dental Practice Management Software Market: Increase in Dental Visits is Projected to Drive the Global Market
Wilmington, Delaware, United States, Transparency Market Research Inc. – According to Transparency Market Research’s latest report on the global dental practice management software market for the historical period 2017-2018 and forecast period 2019-2027, value added features in dental practice management software, software integration and increase in dental visits are projected to drive the global dental practice management software market during the forecast period
According to the report, the global dental practice management software market was valued at US$ 1,984.4 Mn in 2018 and is anticipated to expand at a CAGR of 11.4% from 2019 to 2027
Value Added Features in Dental Practice Management Software Increase in Number of Dental Visits : Key Drivers
Expansion of dental practice services and increasing need for the optimum chair time utilization to increase practice management revenue in developed countries has led to large share of dental clinics in 2016. Moreover, increased oral care awareness in the developing countries and growing geriatric population has resulted in the increased patient footfall in dental clinics.
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Key players offering dental practice management software are coming up with value added features such as patient communication and online appointment scheduling features, accounting, and imaging modules that eliminate the need for separate software for each task, thereby reducing the overall operating cost and improving the overall effectiveness and efficiency of dental practice.
Companies such as Henry Schein, Inc., Suzy Systems, and Quality Systems are providing the business intelligence and data analytical tools to analyze and support decision making in dental practices. These tools help better understanding of the performance of the practice by providing customized data mining, performance monitoring reports, patient information, and key performance indicator (KPI) reports.
Increase in awareness about dental health and improvements in the understanding and treatment of dental issues have resulted in significant increase in patient footfall in dental clinics and hospitals in the last decade
Moreover, high prevalence and incidence rates of dental carries, periodontal diseases, increase in number of cases of missing teeth, and prosthetic rehabilitation among the global population have resulted in increase in patient flow to dental clinics and hospitals.
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Software Integration to Boost Market Growth
Majority of the dental practice management software companies are providing software integration facilities to integrate with the other practice management software and dental tools such as intraoral cameras, digital radiographs, patient education programs, and training programs. This integration facility saves most of administrative and clinical tasks and helps improve productivity and overall profitability of dental practice.
Most of the dental practice management software are integrated with systems such as electronic dental records (EDR), electronic health records (HER), electronic medical records (EMR), and patient billing and insurance claiming systems & clearing houses.
Fragmented market to Hamper Market
The dental practice management software market is largely fragmented, with small and medium sized domestic players accounting for major share and customer base in respective regions.
Domestic players offer practice management software with latest updated features meeting the customer needs at economic rates than that of global players. Hence, most of the global players operating in this market face healthy competition from these players to launch technologically advanced software and penetrate into price sensitive markets such as China, India, Russia, Brazil, and Mexico.
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Global Dental Practice Management Software Market: Competitive Landscape
This report profiles major players in the global dental practice management software market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global dental practice management software market is highly fragmented, with the presence of a number of international as well as regional players
Key player operating in the global dental practice management software market includes -
- Patterson Companies Inc.
- Curve Dental Inc.
- DentMax LLC
- Ace Dental
- Henry Schein Inc.
- Carestream Dental LLC
- Open Dental Software
- Planet DDS, Inc.
- Web.com Group, Inc.
- MOGO, Inc.
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