Press release
Dental Practice Management Software Market to grow at 11.2% CAGR growth from 2016 to 2023
Global Market Insights, Inc.
APAC offers strong growth potential, driven by India, China and Japan dental practice management software market share, and may see revenue of more than USD 420 million by 2023. The region shows vast presence of dental patient base owing to its large geriatric population.
Due to association of various co-morbid conditions with dental disorders in such population, the level of awareness regarding dental check-up is increasing. In addition to this government support, favorable ecosystem, and improving healthcare facilities aimed at providing more number of patients access to healthcare facilities at an affordable rate should boost the regional dental practice management software space.
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U.S. dental practice management software market size target revenue by 2023 exceeds USD 800 million. U.S. Federal government is also encouraging private insurers and large employers to facilitate adoption of HIT in the form of electronic medical records and practice management software to curtail the rising cost of healthcare.
Various health insurance providers have been offered incentive program for medical groups and physicians to use electronic health records in compliance with the meaningful use requirements.
Growing awareness regarding importance of oral health, rising geriatric population globally, technological advancements in practice management solutions, and government support for adoption of healthcare IT is likely to drive global dental practice management software market share.
Modern dental practice has evolved a long way over the years from the use of a paper appointment book and ledger cards to track the financial health of the practice to the adoption of digital solutions in the form of software.
Dental management software provides different types of functions for the modern dental practice. The dental practitioners choose the best suitable programs for their practice by determining the features they need, and achieve extraordinary gains in efficiency and production.
The industry is positively affected by the technological advances and growing adoption of healthcare IT. The stand-alone software transformation to an integrated EHR or (PM/EHR) system along with patient portals, check-in and other modules, with rising cloud-based software adoption will attract significant revenue.
Browse key industry insights spread across 85 pages with 56 market data tables & 9 figures & charts from this 2017 report Dental Practice Management Software Market in detail along with the table of contents at:
https://www.gminsights.com/industry-analysis/dental-practice-management-software-market
Government initiatives in an effort to curtail the rising healthcare costs should benefit the growth of dental practice management software industry. For instance, Health Information Technology for Economic and Clinical Health (HITECH) Act was implemented in 2009 to promote the adoption of healthcare IT. The act is implemented to improve health care delivery and quality of patient care by making an exceptional investment in health information technology. The provisions of the HITECH Act are designed to present the essential aid and technical back-up to providers, enable synchronization within different states, and set up connectivity to the public health community.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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