Market Overview: Global Medical Practice Management Software (MPMS) Market Research and Forecast 2017-2021

This industry research report identifies Allscripts, Cerne, CPSI, Epic Systems, General Electric Company, and McKesson as the key vendors in the global medical practice management software (MPMS) market. This industry research report also presents a competitive analysis of the market by deployment model (on-premises and cloud-based), by end-user (hospitals, diagnostic laboratories, physicians, and pharmacists), and by geography (the Americas, APAC, and EMEA).

Overview of the global medical practice management software (MPMS) market

Market research analysts at Technavio predict that the global medical practice management software (MPMS) market will grow steadily at a CAGR of over 8% by 2021. This market research analysis identifies the ability to achieve increased efficiency and productivity of MPMS as one of the primary growth factors for this market. MPMS helps healthcare centers in managing information and generating reports of clinical and administrative performance which can be used for medical practice improvement plans. This subsequently enhances the organizations efficiency by improving the quality and increasing productivity. Furthermore, the software also monitors business processes and identifies financial irregularities that can be reported to the management for appropriate actions.

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Reporting has become an essential part of medical practice management since it helps gain meaningful insights. Physicians heavily depend on the reporting capabilities of their software systems to give them real numbers and data that can help them gauge the efficiency of their practices. This will increase the demand for MPMS since the software can go beyond the capabilities of providing basic information including basic finances, important hidden data, potential sources of revenue, and custom reports. With the increasing focus on detailed and customized reporting, such benefits will significantly fuel the growth of the MPMS market.

Competitive landscape and key vendors

The MPMS market is competitive and is characterized by the presence of a few multinational vendors and many niche players. With the increase in demand for MPMS in the healthcare sector, the level of competition among the players in this marketspace is expected to intensify in the coming years. To increase their foothold in this global market, the vendors are making huge investments to develop customized solutions that can be used to integrate into different systems. To sustain the competition and improve their market positions, the vendors are also concentrating on offering cloud-based MPMS solutions.

The leading vendors in the market are -
- Allscripts
- Cerner
- CPSI
- Epic Systems
- General Electric Company
- McKesson

The other prominent vendors in the market include AdvancedMD, Athenahealth, CureMD, Greenway Health, MacPractice, MediGain, Meditab, NextGen Healthcare, NueMD, and Practice Fusion.

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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global MPMS market?
- What are the key market trends impacting the growth of the global MPMS market?
- What are the challenges to market growth?
- Who are the key vendors in the global MPMS market?
- What are the market opportunities and threats faced by the vendors in the global MPMS market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global MPMS market?

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