March 25, 2020
According to the research report titled ‘North America Dental Practice Management Software Market Size By Component, Delivery Mode, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 – 2024’, available with Market Study Report LLC, North America dental practice management software market to surpass USD 1 billion by the year 2024.
Increased pervasiveness of dental disorders among elderly population is the major factor fostering the growth of dental practice management software (DPMS) industry in North America. Rising adoption of advanced technologies by dentists in order to provide efficient treatment services is also driving the market growth.
Surging investments towards expansion of workforce and oral health services to improve the quality of patient care is further aiding the market expansion. However, lack of skilled healthcare IT professionals in Canada may hinder North America DPMS market outlook.
As per component type, the report states that patient communication component segment is expected to grow with a CAGR of 11.3% during the estimated timeframe. The solution allows dentist to send messages and e-mails to patients as well as set reminders and access patient’s response.
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Speaking of delivery mode, cloud-based deployment of dental practice management software is presumed to expand with a CAGR of 14.2% during 2018-2024, primarily due to its capability of reducing the risk of data theft. Cloud-based solutions offer easy accessibility and cost-effectiveness.
Considering the geographical landscape, the report cites that the United States dental practice management software industry held 87.7% revenue share in 2017, whereas Canada market will witness a growth rate of 10% through 2024. Increasing visits to dental clinics and rising adoption of dental practice management software are promoting the market outlook in Canada.
Key players of North America dental practice management software industry are Patterson Companies, Henry Schein, Curve Dental, and Carestream among others.
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