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Revolutionizing Dental Practice Management with Modern Solutions | 2024 To 2033 Key Players Amazon Web Services Inc., Google LLC, IBM Corporation, Intel Corporation, Micron Technology, NVIDIA Corporation.
Dental Practice Management Global Market Share
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According to The Business Research Company's, The dental practice management market size has grown rapidly in recent years. It will grow from $1.74 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to integration with accounting systems, interoperability with diagnostic devices, patient portal development, mobile accessibility, customization for specialty practices, enhanced data security measures..
The dental practice management market size is expected to see rapid growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to digital transformation in healthcare, increased adoption of cloud-based solutions, focus on patient-centric care, cybersecurity and data privacy measures, mobile accessibility and remote work support.. Major trends in the forecast period include patient retention and loyalty programs, customization and scalability, educational and training tools, appointment optimization and resource management, patient portal development..
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Market Drivers and Trends:
Growing oral diseases are significantly driving the growth of the dental practice management market. Oral diseases are health conditions that affect the mouth, teeth, gums, tongue, and other structures, leading to issues such as cavities, gum disease, and oral infections. The rise in oral diseases leads to surge in demand for dental services and necessitates more efficient and technologically advanced practice management solutions to streamline operations, improve patient care, and enhance the overall dental practice experience. For instance, in 2022, according to the World Health Organization, a specialized agency of the United Nations responsible for international public health, oral disorders impact 3.5 billion people worldwide, or about half of the world's population. Three out of every four affected individuals reside in low- and middle-income nations. Therefore, increasing oral diseases are expected to boost demand for dental practice management market.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
Henry Schein Inc., Patterson Companies Inc., NextGen Healthcare Information Systems LLC, ACE Dental, Carestream Dental LLC, Planet DDS Inc., CD Newco LLC (Curve Dental), Open Dental Software, Datacon Dental Systems Inc., DentiMax LLC, Dentrix Ascend, Easy Dental, Fuse, Gaidge, Lighthouse 360, MacPractice Inc., MOGO Inc., Ortho2, Practice-Web Inc., ProSites Inc., RevenueWell Systems LLC, Solutionreach Inc., Tab32 LLC, The Digital Dentist, Total Dental Administrators, Umbie DentalCare, Weave Communications Inc., YAPI Inc., ZenSupplies Inc., Patterson EagleSoft
Dental Practice Management Market 2024 Key Insights:
• The dental practice management market size is expected to see rapid growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
• Growing Oral Diseases Are Driving Growth In Dental Practice Management Market
• Strategic Partnerships To Expand Offerings
• North America was the largest region in the dental practice management market in 2023
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