Why Dental Practice Management Software Market are Booming Rapidly? Industry in-Depth Analysis with Growing Trends || Carestream, Curve Dental, Henry Schein, Patterson Companies, DentiMax, Dovetail Dental Software, Epic Systems Corporation, Quality System

Global dental practice management software market growth is stimulated by heightened awareness towards oral health and robust initiatives toward oral check-ups. A drastic rise in the number of dental disorders has triggered investments in the landscape.

Technological advancements in CAD/CAM technologies and digital radiography will leverage seamless data sharing to laboratories and boost better decision making. More importantly, a palpable rise in geriatric population will stimulate the rise in dental procedures. According to the United Nations, geriatric population in North America could reach 104.8 million by 2030.

Dental practice management software market size is forecast to witness a significant gain by 2024. Some of the regional trends which are likely to have an influence on the global outlook are elucidated below:

Cloud-based DPMS to gain traction in Europe

Cloud-based software will set the trend in the U.K., France and Italy as traction for automatic data back-up and update and hardware diversity continues to surge in the region. The market share from the cloud-based dental practice management software segment in Europe is likely to grow at a healthy CAGR of more than 13.6% through 2024.

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Use of the software for patient communication will gain uptick in the next few years. Patient components will provide viable features to dental practitioners, including text messages, reminders, e-mail and fax. It is worth noting that the component enables interaction with patients efficiently. The industry share from the patient communication component segment in Europe is likely to witness a double-digit CAGR of 10.9% through 2024.

Germany to provide lucrative growth opportunities

A pronounced uptick in geriatric population has led to a staggering rise in dental disorders in Germany. According to the United Nations, around 28% of the Germany population were aged 60 years or above. Europe is witnessing a rise in periodontal diseases and dental caries, triggering the demand for dental treatment. Germany dental practice management software market share was forecast to be 21.3% of the Europe market in 2017 and will grow notably by 2024.

The U.K. is likely to provide revenue-boosting opportunities on account of presence of leading companies in the region. Moreover, U.K. has observed traction for advanced technology software and the trend for various dental practice courses for practitioners. The U.K. dental practice management software market will expand at a healthy CAGR of around 11.4% up to 2024.

Web-based DPMS to provide lucrative opportunities in North America

The U.S. and Canada are setting the trend for web-based DPMS in the light of flexibility and convenience pertaining to data management. Easy data accessibility has come up as one of the growth dynamics for web-based DPMS. The market share of web-based DPMS in North America was pegged at over 41.2% in 2017 and will grow robustly in the ensuing period.

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End-users are likely to show traction for cloud-based delivery mode owing to drastic reduction in data theft. Besides, some of the upsides such as accessibility at any location and cost-effectiveness will boost the product adoption. Cloud-based delivery mode segment in North America is forecast to grow at a healthy CAGR of around 14.2% up to 2024, partly attributed to reduced costs linked with data management.

The U.S. to witness considerable healthcare spending

With the demand for electronic medical records soaring, technological developments in healthcare IT are likely to provide revenue-boosting opportunities in the U.S market. Considering the adoption of high-end technology and an upsurge in healthcare budget, the U.S. will potentially witness investments galore. The U.S. dental practice management software market value was pegged at more than USD 450.7 million in 2017 and will thrive for the next few years.

Patient communication component will gain ground in the region as the demand for efficient and easy patient communication continues to soar in the region. Besides, some of the features such as messages, e-mails, setting reminders and accessing patient responses have made the component highly sought-after in the region. The North America market share from the patient segment is forecast to grow at a strong CAGR of 11.3% through 2024.

Cloud -technology adoption to be sought-after in Asia

Cloud-based software is likely to gain uptick in emerging economies, including India, China and advanced economies such as Australia. It is worth noting that cloud-based DPMS is subscription based, enabling dental practitioners to pay annual/monthly fees. Not to mention, the software provides various location access an prevents from potential data theft. The industry share from the cloud-based delivery mode segment in APAC is forecast to expand at a healthy CAGR of 16.6%.

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Web-based DPMS is likely to see consistent revenue stream in the region with increased flexibility and reduced cost. Prominently, web-based software has leveraged treatment planning, scheduling and imaging. Web-based DPMS segment in APAC observed the highest market size, registering USD 82.5 million in 2017. The growth trajectory is likely to continue through 2024 owing to demand for efficient functioning.

Stakeholders seek product portfolio expansion in Australia and China

Industry participants are likely to expand their market presence in untapped areas in Australia following the favorable government approach. For instance, the Royal Flying Doctor Service (RFDS) is forecast to enhance the reach of dental services in remote areas in Australia. Moreover, the Australian government has set an audacious aim to increase and improve Medicare policies. Australia DPMS market is likely to expand at a robust CAGR of around 13.3% up to 2024.

Providers are gearing to infuse funds in China market on the heels of booming geriatric population and the trend for improved oral health. For instance, Chinese Stomatological Association (CSA) teamed up with the Smile Around the World (SAW) to introduce cultural and educational activities to raise awareness about oral health in the underprivileged and urban communities. China DPMS market was pegged at more than 21% of the APAC industry share in 2017 and will grow at a considerable rate in the next few years.

Technological advancements spearheaded by cloud-based and web-based DPMS will fuel the trend globally.

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