February 12, 2020
According to a recent study titled ‘Dental Practice Management Software Market Size By Component (Scheduling, Patient Communication, Invoice/Billing, Payment Processing, Insurance Management, Dental Charting), By Delivery Mode (On-premise, Web-based, Cloud-based), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Ukraine, Switzerland, Belgium, Austria, Czech Republic, Netherlands, Sweden, China, Japan, India, South Korea, Australia, Malaysia, Indonesia, Thailand, Singapore, Taiwan, Philippines, Vietnam, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’ available with Market Study Report LLC, the global dental practice management software market is projected to reach USD 2.7 billion by the year 2025.
Rising prevalence of dental ailments across the globe, coupled with increasing geriatric population which is more prone to oral diseases is driving the growth of dental practice management software market. Adoption of cost effective services and software to lower dental health expenditure will further augment the business outlook.
Increasing digitization, in conjunction with technological advancements in dentistry is propelling the demand for dental practice management solutions. Standardized healthcare information technology regulations coupled with growing awareness regarding oral health will further enhance the market growth. However, high initial set-up cost and lack of skilled IT professionals will hamper the market growth in the coming years.
Based on the component terrain, scheduling component segment accounted for the highest revenue share in 2018 and is projected to register over 12% CAGR through 2025. Increasing number of geriatric patients and rising adoption of scheduling module are driving the segment growth. The module allows dental practitioners to efficiently schedule check-ups and appointments.
On the other hand, insurance management segment is presumed to grow significantly and surpass USD 390 million by 2025. The segment growth can be affixed to the software’s ability to enable direct contact between dental clinics and insurance companies. It also acts as common platform for payers, providers, and patients to access information pertaining to insurance eligibility and benefits check.
As per the delivery mode, cloud-based dental practice management software market segment is anticipated to see the fastest growth rate over the analysis period. Superior functionality and cost effectiveness coupled with increased efficiency of cloud-based services is propelling the segment growth.
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Considering the regional outlook, Asia Pacific dental practice management software market is expected to exceed USD 550 million by 2025. Rising geriatric population base in emerging economies such as India and China, is fueling the regional growth. Moreover, surging oral health awareness is positively impacting the market growth.
Some of the major players of dental practice management software market include Patterson Dental, Carestream Dental, Henry Schein, Dovetail Dental Software, and Quality Systems.
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