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Dental practice management software helps clinicians and healthcare professionals to manage appointments and billing procedures for dental checkups. Developments in healthcare IT have significantly improved the ease of patient management in healthcare settings. The increasing use of online tools and the rising penetration of the internet has facilitated the rise in revenue for dental practice management software in developing countries worldwide. The companies operating in the market provide various modes of deliveries such as on-premise and cloud-based, depending on the end-users need. The more mentioned factors have aided the growth of the market in the past years.
The rising awareness regarding the importance of oral health coupled with the advancement in information technology is estimated to propel market growth in the coming years. The increasing dental visits also suggest the lucrative growth opportunities dental practice management software possesses during the forecast duration. According to the Center for Disease Control and Prevention (CDC), over 64.9% of adults aged 18 years and above visited dental clinics in the U.S for the year 2019, an increase of 2% from 2018. These factors are anticipated to augment the market growth over the forecast period.
However, lack of updated knowledge regarding upcoming advanced dental management software among healthcare professionals in emerging countries could hamper the market growth in the foreseen years.
Key Market Driver -
Increasing awareness regarding oral health
Key Market Restraint -
Limited knowledge regarding advanced software among IT professionals
Globally, the dental practice management software market can be categorized into an application, delivery mode, and region. Based on application, the market can be segmented into dental charting, patient communication, scheduling, insurance management, billing, payment processing, and others. On the basis of delivery mode, the market can be categorized into web-based, on-premise, and others.
Geographically, the Dental Practice Management Software market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Some of the major companies that are present in the dental practice management software market are Carestream Dental LLC, Allscripts Healthcare Solutions, DentiMax LLC, Curve Dental, Inc., Datacon Dental Systems, Epic Systems Corporation, Quality Systems, Inc., Dovetail Dental Software, Henry Schein, Inc. and other prominent players
Based on the segmentation of region, the dental practice management software market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold a majority share in the market in 2020. The region's dominance is attributed to factors such as higher adoption of advanced software, larger product launches by major players, and advanced healthcare infrastructure. Europe is anticipated to follow the lead based on market revenue. Factors such as government initiatives for healthcare digitalization, larger penetration of the internet, and higher funding for research and development in healthcare IT are expected to drive the market in the region.
Meanwhile, in countries of Asia Pacific, the increasing awareness regarding dental caries is expected to augment the market growth of the dental practice management software market in the region. Additionally, the rising geriatric population in Japan and China is anticipated to increase this software's adoption in the coming years. Latin America, and the Middle East and Africa are expected to hold a lower share in the market due to the lower expertise of healthcare professionals in the field of information technology.
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