Dublin, Oct. 28, 2021 (GLOBE NEWSWIRE) — The “Dental Practice Management Software – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Dental Practice Management Software Market to Reach $2.7 Billion by 2026
Global market for Dental Practice Management Software estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2026, growing at a CAGR of 8.2% over the analysis period.
Growth in the global market is being driven by increasing awareness of dental health and ensuing demand for a range of dental care services. Modern lifestyles such as alcohol consumption, and tobacco usage are also causing more dental issues, leading to a larger patient pool in need of oral care services. The world’s rapidly aging population and the growing need for dental care in this demographic segment are driving opportunities for dental practices. The rise in cosmetic dentistry and increase in dental tourism practices in emerging nations is also expected to promote growth prospects.
Web-based, one of the segments analyzed in the report, is projected to grow at a 7.5% CAGR to reach US$1.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud-Based segment is readjusted to a revised 9.5% CAGR for the next 7-year period.
This segment currently accounts for a 36.9% share of the global Dental Practice Management Software market. Web-based deployment accounts for a major share of the global market, due to the enhanced security and greater storage capacity associated with the model.
Besides, universal access to patient database, reasonable price and provision of instant software updates are driving web deployment model. Cloud based segment is witnessing growth owing to increasing availability of dental management practice software offered as SaaS (Software as a service) that eliminates the demand for storing patient data on paper besides facilitating the access to data remotely for clinicians.
The U.S. Market is Estimated at $642.8 Million in 2021, While China is Forecast to Reach $271.3 Million by 2026
The Dental Practice Management Software market in the U.S. is estimated at US$642.8 Million in the year 2021. The country currently accounts for a 36.26% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$271.3 Million in the year 2026 trailing a CAGR of 10.4% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 7.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR while Rest of European market (as defined in the study) will reach US$301.2 Million by the end of the analysis period.
North America and Europe represent key markets, driven by high spending on digital healthcare implementations, rapid adoption of new technology platforms for dental practice management, and government initiatives to promote the adoption of digital healthcare. Asia-Pacific countries, powered by the growing demand for dental services in Japan, China, and India are expected to provide robust growth opportunities.
On-Premise Segment to Reach $432.6 Million by 2026
Though cloud based software solutions have been found to offer greater flexibility in the form of remote management, data storage and integration possibilities, on-premise solutions continue to find acceptance due to security implications related to cloud solutions. In the global On-Premise segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment.
These regional markets accounting for a combined market size of US$211.4 Million in the year 2020 will reach a projected size of US$337.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$38 Million by the year 2026.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Pandemic Crisis Weakens Economic Environment, Presenting Challenging Times for Dental Practices
- Pandemic-Induced Restrictions Impact Operations of Dental Industry
- Teledentistry Set to Make Gains
- Recovery in Patient Volumes to Drive Growth
- Dental Practice Management Software during COVID-19
- Importance of Dental Practice Management Software during COVID-19 Pandemic
- An Introduction to Dental Practice Management Software
- Key Features of Dental Practice Management Platform
- Benefits of Practice Management Software in Dental Practices
- Applications of Dental Practice Management Software
- Global Market Prospects & Outlook
- Web-Based Segment Leads, Cloud-based Solutions to Grow at a High Rate
- Scheduling & Patient Communication Software Segment Leads the Global Market
- Developed Regions Lead, Developing Economies to Spearhead Long-term Growth
- Select Popular Dental Practice Management Software Products: A Review
- A Review of Popular Dental Billing Software
2. FOCUS ON SELECT PLAYERS (Total 169 Featured)
- Allscripts Healthcare Solutions
- Carestream Dental
- Compudent Systems Inc.
- Curve Dental
- Datacon Dental Systems
- Dovetail Dental Software
- Envista Holdings
- Epic Systems Corporation
- Henry Schein, Inc.
- NextGen Healthcare Information Systems, LLC.
- Patterson Dental Supply, Inc.
- Practice Web
3. MARKET TRENDS & DRIVERS
- Myriad Benefits of Practice Management Software Solutions in Improving Productivity and Efficiency of Dental Practices Augurs Well for the Market
- Rising Prevalence of Oral Diseases, Growing Awareness about Oral Healthcare and Need to Cut Costs to Drive Market Gains
- Rise in Oral Healthcare Needs of World’s Growing Geriatric Population and Resultant Rise in Dental Practices to Propel Market Growth
- Digital Trends Transform Dental Practices, Driving Opportunities for Practice Management Software
- Integrated Practice Management Software Promise Improvement in Patient Experience & Practice Productivity
- Streamlining Workflows through Integrated Software Solutions
- Growing Prominence of Artificial Intelligence in Dental Practice Management Systems
- Dental Practice Management Software Provides Data Analytics & Business Intelligence
- Dental Tourism Presents Potential Growth Prospects for Dental Practices, Drives Need for Practice Management Software
- Cosmetic Dentistry Dynamics to Influence Demand for Dental Procedures, Fuel Market Growth
- Government Initiatives Encourage Market Growth
- Market to Benefit from the Rising Demand for Dental Treatments from Middle Class Population in Developing Economies
- Major Issues Impacting Adoption of Dental Practice Management Software
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/xukzc7