The global dental practice management software market size is expected to reach around US$ 2.8 billion by 2026 and growing at a CAGR of 11.5 % over forecast period 2019 to 2026.
Dental practice management software is an administrative and clinical tool for improving dental practice efficiency. Dental offices must handle both administrative and clinical information for the large volume of patient information. Dentists and front officers are always looking for effective ways of efficiently capturing, storing and improving access to patient information to handle the large volume of data. The dental practice management software helps dentists improve dental practice workflows and thus improve overall operational efficiency and patient care. Increased patient flow to dentists and hospitals has been the result of the high prevalence and incidence of dental carriage, periodontics, increased number of missing teeth and prothetic rehabilitation in the global population. These collectively planned factors will in the near future increase demand for global dental practice management software.
The report provides analysis of global Dental Practice Management Software market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
The growing global geriatric population will have a strong impact in driving the growth of software market for dental practice management. The aging of patients aged 60 years or older is projected to double by 2050, according to World Population Prospects. The increased number of elderly patients with dental disorders will lead to an expansion of the industry. The demand for dental practice management solutions will increase in the future by increasing awareness and increasing focus on the oral health of developed economies. Different initiatives and awareness programs conducted by several organizations have helped to raise awareness about the growing need for quality dental care. The growing dental burden worldwide leads to higher healthcare costs. Increasing the need for cost containment measures to reduce the increasing cost of healthcare will therefore boost the adoption by dentists in the coming years of dental practice-management solutions. Increased technological progress and increased adoption in developed regions will drive industry growth over the forecast period. Rapid dental innovations, including transformations to integrated EHR / practical management solutions of stand-alone practice management software and advanced modules, will stimulate demand. Increased risk capital financing and favored government support are also aimed at boosting world market growth. However, the lack of qualified IT professionals necessary to provide service and support to software vendors for dental practice control may to some extent restrict market growth.
The use of different modules increases dentists ' productivity and efficiency. Additionally, technological advances and growing investments in emerging-market companies are anticipated to boost growth in the market. Integrated software, including scheduling of appointments, memorandums, periodic diagrams, dental diagram, paid-up and electronic health records, contributes to streamlining dental practices that increase demand.
The global dental practice management software market is dominated by the scheduling business in 2018 with a share of around 19.5% of sales. Increased awareness of oral health has led to an increasing number of dental checks among the geriatrician population. Effective software scheduling of these patients improves productivity and reduces dental inconsistency, increasing segmental growth.
Increasing use of software for dental practice management for connection with patients and automating tasks such as appointment confirmations, reminder, etc. Patient communication segment will see a major CAGR of around 12% over the forecast period.
Delivery Mode Standpoint
In 2018, USD 521 million was valued at the web-based software business segment. This is due to increased flexibility and convenience, which leads to the effective management of clinical data and cost savings. Web-based dashboards also enable operators to evaluate major metrics and track daily schedules, thus stimulating segmental growth in the market.
Over the projection period, cloud-based businesses expect to grow by over 14.5% at robust CAGRs. Cloud-based solutions to address the growing trend towards patient centering will increase segmental growth. Cloud-based software provides data access to multiple locations and enables patient satisfaction and improved health outcomes to be achieved, thereby stimulating demand in years to come.
In 2018, the USA dominated the software market in dental practice management, with a market size of about 500 million USD, and is going to see a similar trend in the years to come. Favourable demographic trends, such as an increase in elderly patients with oral disease, will play a role in high growth. Fast expansion of IT health care, as a result of the favorable Economic and Clinical Health Act on Health Information Technology (HITECH Act), is boosting market growth. These factors will allow America to continue to dominate the industry.
In 2018, Germany represented a market share of over 21.5%. Increased prevalence of dental disorders with an increased focus on geriatric oral health will stimulate growth for industry. The German Dental Association which is responsible for enhancing oral hygiene awareness will further stimulate market growth in the years ahead.
In India, the population of Geriatrics with oral problems, increasing sensitivity to healthcare and favorable policies have been shown to grow significantly. For example, the development of the Indian Dental Association (IDA) software management system to consistently register dental staff online will boost the growth of the market.
Global Dental Practice Management Software Market, By Component
Global Dental Practice Management Software Market, By Delivery Mode
Global Dental Practice Management Software Market, By Geography
The market research study on “Dental Practice Management Software Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Dental Practice Management Software market segments with market dynamics and their impact. The report also covers basic technology development policies.
Key Players & Strategies
Henry Schein, Patterson Dental, Carestream Dental, Curve Dental and Quality Systems are some of the major players working on the global market. Other participants in the industry include Epic Systems Corporation, Dovetail Dental Software (dovetail dentistry), and Allscripts Healthcare Solutions. The major strategies adopted are procurement, new product launch and distribution.
In the next few years, fusions and acquisitions for product development and marketing are expected to drive the market. In June 2018, Patterson entered a new joint venture with Cure Partners to establish LLC-NaVetor, a new Club-based Practice Management Software company-Technology Partner Innovations.
The software industry will be driven by rapid innovations in the area of dentistry. In the industry, the demand for dental practice management software has been changed to digitization. In future, increasing adoption of advanced technological cloud solutions in developed regions will allow better service at affordable cost. Costs-containment pressures and increased oral health awareness amongst the expanding patient pool of elderly people will increase global market growth in developing countries.