(2019 – 2024) “Dental Practice Management Software Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Dental Practice Management Software Analysis. The Dental Practice Management Software market is expected to register a CAGR of approximately 10.58% during the forecast period of (2019 – 2024).
Dental Practice Management Software Market Report Covers Leading Manufacturers: Henry Schein, Inc., Patterson Companies, Inc., Carestream Dental, Curve Dental, Inc., ACE Dental, NextGen Healthcare Information Systems, LLC, Open Dental Software, Planet DDS, Inc., MOGO, Inc. among others
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The global dental practice management software market is expected to register a CAGR of 10.58% during the forecast period, 2018 to 2023. Dental practice management software provides the tools for dentists and associated healthcare professionals to supervise their day-to-day operations. The abilities of these products can include appointment scheduling, document storage and sharing, contact databases, and reporting, as well as dental history charting, patient notes, and treatment plans. They may also include communication platforms for the employees within a dentistry and assist with filing and tracking insurance claims. Receptionists and dentists will utilize these tools to ensure their businesses run smoothly and critical information is safely stored and easily accessible.
Rising Geriatric Population
According to data from the 2017 Revision of World Population Prospects, the number of older people, aged 60 years or more, is expected to grow more than two-fold by 2050, and more than three-fold by 2100, i.e., increasing from 962 million, in 2017, to 2.1 billion in 2050, and further to 3.1 billion in 2100, globally. In 2017, there were approximately 962 million people aged 60 or more, worldwide, comprising 13% of the global population, and at present, is growing at a rate of about 3% per year. Currently, Europe has the largest percentage of the population aged 60 or more (25%). A rapid increase in the same is expected in other parts of the world as well. By 2050, all regions of the world, except Africa, are expected to have nearly a quarter or more of their populations at ages 60 and above. The global increase in the geriatric population could lead to consequences, such as greater incidences of dental problems along with the chronic and life-threatening diseases. Aging is associated with a loss in cognition, slowing of normal metabolism, and loss of elasticity for normal tissues. Older people run a higher risk of getting dental issues. Hence, the increasing dental cases are making the clinics to adopt the dental practice management software for the benefit of patients. The rapidly increasing geriatric population, particularly in Europe and Japan, is, therefore, driving the growth of the global dental practice management software market. The other factors such as increasing awareness and focus on oral health in the US and Europe and accelerating technological advancements in developed regions are driving the dental practice management software market.
Shortage of Skilled IT Professionals
There is a stiff demand for skilled IT professionals, mostly in the maintenance and creation of medical software’s, cybersecurity and system integration. However, IT labor crunch has been a major challenge for the healthcare sector and the management of software such as dental practice management software. Healthcare IT software integration requires experienced IT managers and executives to control and maintain this software. The competition for information-security analyst managers, research scientists and data administrators is intense and often do not match the lucrative offers of the software industry. This a major reason for the lack of skilled IT personnel’s in the healthcare industry. Apart from the developed countries of North America and Europe, the crunch is highly prominent in the countries of Asia and Africa that are still to achieve medical facilities in remote areas.
Lack of resources and lucrative offers has thus made healthcare IT less attractive for skilled IT professionals and has restrained the growth of the dental practice management software market.
The US Lead the Market in the North America Region
The US dental practice management software market holds the largest market share in 2017 in North America region due to the presence of a high-quality healthcare system and modern medical technology in the country. Additionally, the growing importance of healthcare IT in public is likely to contribute towards the growth of the dental practice management software market. In the APAC sector, China and South Korea have been identified as potential emerging markets.
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Reasons to Purchase Dental Practice Management Software Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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