Press release
Dental Practice Management Software Market Showing 11.2% CAGR Growth to 2023: Company Profiles & Trends Analysis
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.
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Dental Practice Management Software Market size is projected to reach USD 2.2 billion by 2023; according to a new research report.
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.
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.
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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.
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.
Related Reports: -
Global Dental Practice Management Software Market Size, Status and Forecast 2022
This report studies the global Dental Practice Management Software market, analyzes and researches the Dental Practice Management Software development status and forecast in United States, EU, Japan, ...
https://www.marketstudyreport.com/reports/global-dental-practice-management-software-market-size-status-and-forecast-2022/?utm_source=RR-SK
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