Press release
Dental Practice Management Software Market Projected to Reach US$ 4.3 Bn by 2025
The global dental practice management software market is rising with increasing number of dental visits across the globe. The global dental practice management software market was valued over US$ 1.6 Bn in 2016 and is projected to witness cumulative annual growth rate (CAGR) of over 11.0 % from 2017 to 2025 to surpass the value of US$ 4.3 Bn by 2025. The global market is witnessing relatively higher growth owing to increasing digitization of dental practices, high healthcare IT budgets and rise in demand for chair time optimization in developed markets.
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Dental practice management software is an administrative as well as clinical tool that helps in improving operational efficiency of dental practices. The dental offices are required to handle with the large volume of patient information both administrative as well as clinical information. In order to handle the large volume of data, dental professionals and front office staff are always in search of effective way to record, store and improve the access to patient information in efficient manner.
The dental practice management software aids the dental professionals to streamline the workflows of dental practices and thus to improve overall operational efficiency as well as patient care. The high prevalence and incidence rates of dental carries, periodontal diseases, increase in number of cases of missing teeth and prosthetic rehabilitation in global population has resulted in increase in patient flow to dental clinics and hospitals. These factors collectively projected to drive the demand for global dental practice management software in near future. Also, the technological advancements such as software integration facilities with other electronic health records and with dental systems is estimated to fuel the expansion of dental practice management software.Dental Practice Management Software Market: Segmentations
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The global dental practice management software market is broadly segmented into four categories based on deployment mode, by application, by end-user and by region. In terms of deployment mode, the global market is categorized into on premise and cloud based dental practice management software. The market for on premise dental practice management accounted for key share (in terms of revenue) in global market in 2016, the cloud based dental practice management software is estimated to grow at exponential growth rate during the forecast period and the segment is estimated to report significant gain in its market share by the end of 2025. The cloud based dental practice management software offers the several advantages over on premise dental practice management software and thus, cloud based DPMS is increasingly gaining popularity among dentists especially among group dental practice management offices.
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