Medical Scheduling Software Market Hit $ 789.56 Mn by 2027 | TimeTrade, StormSource, Daw Systems, Voicent Communications, Yocale Network

Europe is the second largest geographic market and is expected to be the second largest revenue contributor throughout the forecast period. The region has witnessed several technological advancements in the field of healthcare by the incorporation of digital technology in order to increase the efficiency of healthcare facilities in the region. The growth is driven by the factors such as, adoption of reforms to reduce waiting times, growth of the private healthcare sector as well as increase in the use of information technology in healthcare industry.

The global medical scheduling software market expected to be US$ 267.83 Mn in 2018 and is predicted to grow at a CAGR of 13.0% during the forecast period 2019 – 2027, to reach US$ 789.56 Mn by 2027.

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The global medical scheduling software market by software was led by web based software segment. In 2018, the web-based software held a largest market share of 68.48% of the medical scheduling software market, by software. The segment is also expected to witness growth at a significant rate owing to the availability of efficient as well as affordable appointment services being offered to the users.

The major players operating in the medical scheduling software market include, MPN Software Systems, Inc., American Medical Software, TimeTrade, AdvancedMD, Inc., StormSource, LLC, ByteBloc Software, Daw Systems, Inc., WellSky, Voicent Communications Inc., and Yocale Network Corporation. The market has witnessed limited developments during the recent years. During July, 2018, AdvancedMD completed the acquisition of Nuesoft Technologies, Marietta, Georgia-based SaaS platform providing practice management, clinical and medical billing applications to simplify all aspects of running an independent practice.

The market for medical scheduling software is expected to grow, owing to factors such as rising adoption of patient-centric approach by healthcare providers and shortage of nursing staff and doctors. In addition, increasing usage of smartphones, tablets & pads to boost adoption of solutions is likely to have a positive impact on the growth of the market in the coming years.

Major problems of hospitals often depend on a poor management of patient flow, with common witnessed problems such as clinical mistakes, queues and delays, under- and over-capacity utilization, patient acceptance in inappropriate settings, variability of workload and stress for hospital staff. Thus, moving away of hospitals from self-referential designs to a patient-centric and convenient approach for both the healthcare providers as well as the patients with the help of medical scheduling software is expected to promote the growth of the market over the forecast years.

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Patient-centric care is defined as healthcare system that establishes partnership among practitioners and patients to ensure the decisions are supportive of the patient’s demands and needs. In recent years, advanced technologies are being utilized through which personalized data and interactions prompted by the patient are able to be managed by the patient as well as the provider. Smartphones are known as significantly important tools that help to change health-related behaviors and to manage hospital schedules by patients and medical staff. These internet-based tools also contribute to make healthcare practices more easy and manageable by, collecting health data or healthcare information and offer services to the patients in terms of providing appropriate guidance regarding the concern physicist and the related details of the time availability and appointment scheduling. Due to the easy access and vast variety of applications, large number of people utilize these tools to eliminate waiting times and get convenient appointments through an accessible way.

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Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

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