Press release
Global Dental Practice Management Software Market is set to grow at a 10% CAGR by 2026 - Rising Cases of Oral Diseases & Dental Disorders and Growing Awareness on Oral Health
Integration of Digital Imaging with Dental Practice Management Software Drives the Global Dental Software Market
With the introduction of digital radiography and advanced software solutions, the trend of integrating digital imaging capabilities with dental practice management software is gaining an immense popularity. The software when integrated with digital imaging helps dentists to create x-ray images of gums, tooth, and study the patients' dental conditions using digital X-rays and perform the required and necessary treatments.
Shift towards Cloud-based Dental Practice Management Software
Today's, dental practice is shifting towards digital integration. The cloud-based software model is projected to grow rapidly in the upcoming years due to its flexibility, affordability, efficiency, security, scalability, user-friendly features, and automatic software updates. Also, browser-based cloud software can be used across multiple locations and platforms, including smartphones, tablets, desktops, windows, android, and apple products.
"Cloud offers a flexible and scalable environment at a much lower cost than on-premise deployment but still a majority of dental practice management software solutions are currently implemented on-premise due to security, control, and privacy concerns. However, the market trend is shifting towards hybrid cloud-based software solutions."-Executive Chairman, Dental Practice Management Software Company, United States
Present Market Challenges: Dental Practice Management Software Market
Many dental experts have concerns about the adoption of new technology as they lack knowledge on the digital solutions in the dentistry segment. The price of advanced digital solutions such as scanning and milling devices has been too high and utilization levels are too uncertain to pay off for most individual licenses. These factors are likely to affect the growth of the dental practice management software market.
Geographic Analysis: Dental Practice Management Software Market
North America commands the largest share of the global market, followed by Europe and Asia-Pacific. The highest share of North America can be attributed to the adoption of digital solutions within dental practices, new regulatory standards, technological advancements and innovations in dental practices and the presence of leading market players in this region.
Competitive Landscape Analysis: Dental Practice Management Software Market
Some of the established players operating in the global dental practice management software market are Carestream Dental, Patterson Companies Inc., Henry Schein Inc., Curve Dental, and Dentimax, among others.
Rising Interest of Private Equity Firms in Dental Practice Management Software Market
Seeing ample growth opportunities in the dental practice management software market, private equity firms are also making investments in potentially high-growth areas/companies in this segment.
For instance,
In April 2021, CareStack secured $22.5 million from Steadview Capital & Others. The fund raised will be used to expand operations, double its workforce and grow annual revenue by four times.
Get Detailed Insights on Dental Practice Management Software Market with a Sample Report @ https://meditechinsights.com/dental-practice-management-software-market/
Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
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