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Dental Practice Management Software Market Size By Component (Scheduling, Patient Communication, Invoicing/ Billing, Payment Processing, Electronic Claims, Dashboard), By Deployment Mode (On-premise, Web-based, Cloud-based), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Japan, China, India), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

Published Date: May 2016 | 85 Pages | Report ID: GMI463 Report Format: PDF

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Summary Table of Contents Industry Coverage Methodology

Industry Trends

Dental Practice Management Software Market size was USD 940.4 million in 2015, with 11.2% CAGR growth forecast from 2016 to 2023.

U.S. Dental Practice Management Software Market share, by delivery mode, 2012 - 2023 (USD Million)

U.S. Dental Practice Management Software Market share, by delivery mode, 2012 - 2023 (USD Million)

Increasing geriatric population globally, rapid technological advances in the field of dentistry and healthcare I.T, coupled with growing awareness and focus on oral health are expected to remain pivotal driving factors for global dental practice management software market share throughout the forecast timeframe.

Rapid growth of geriatric population is set to dramatically impact the oral health market, since the number of dependent elderly persons requiring dental care is increasing. Elderly individuals who do not receive proper dental care are likely to develop more co-morbid conditions leading to higher healthcare expenditure.

According to a report on oral health by the U.S. Surgeon General, around 25% of people aged 65-74 years have severe periodontal disease. In order to cater the ever-growing patient base, the available number of dentists require to work efficiently by adopting advanced technologies. This is set to drive dental practice management software market penetration.

Increasing need regarding the implementation of cost containment measures, to curtail the rising healthcare spending should drive the industry further. Global burden of dental diseases contributes to nearly 4.6% of global expenditures. Direct treatment costs due to dental diseases worldwide were estimated at USD 298 billion yearly, while indirect costs due to dental diseases amounted to USD 144 billion yearly. In order to decrease treatment costs, the dentists, and specialty professionals need to charge less fees to the patients. This cost-effectiveness can be achieved by adopting dental practice management software, which maximizes the productivity of dentists.

The dental practice management software market is witnessing various technological advances driven by the innovation in the field of dentistry. Government funding for developing technology to increase access to care, improve outcomes, lower costs, and reduce administrative burdens is set to drive dental practice management software.

Technology development in practice management such as transformation from stand-alone practice management software to integrated EHR/practice management (EHR/PM) systems, and advanced modules such as patient check-in and patient portals are becoming revenue-boosting tools. Cloud-based dental practice management solutions have been a game-changer in the industry, since it has reduced the cost of practice management software.

Dental Practice Management Software Market, By Product

Scheduling module dominated the dental practice management software market size, exceeding to more than USD 175 million in 2015. The scheduling module is one of the indispensable features required in the software, hence is provided by all the software vendors in response to the demand from dental practitioners. The module aids dentists to schedule the check-ups and maximize the use of its resources.

Scheduling module was closely followed by patient communication, and    invoicing/billing   module. These segments are estimated to grow at a CAGR of 11.3% and 11.2% respectively, from 2016 to 2013. Growing awareness regarding oral health has resulted into increasing number of dental check-ups daily worldwide, boosting the demand for dental practice management software.

Delivery mode in the form of web-based software accounted for the major share, followed by on-premise and, cloud-based solutions in 2015.  However, cloud-based delivery mode is set to surpass on-premise based solutions and reach almost close to web-based solutions segment by 2023. Dental cloud-based solutions may exceed over USD 700 million in revenue by 2023.

In terms of growth rate, cloud-based dental practice management software market share is set to grow at the highest CAGR of 14.3% from 2016 to 2023. The adoption of cloud based services has witnessed tremendous increase in response to the growing trend of patient-centricity. This type of delivery mode can make data available, irrespective of the location of the patient and the clinician, and has led achieve both patient satisfaction as well as improved clinical outcomes. Moreover, cloud-based offerings also provide alternative approaches to help dental practitioners better address the otherwise large capital IT investment.

Dental Practice Management Software Market, By Region

North America accounted to be the largest regional industry, driven by the growth in U.S., with target revenue exceeding USD 800 million by 2023. The adoption dental practice management software is soaring across the U.S. driven by the Health Information Technology for Economic and Clinical Health Act (HITECH Act). According to the HITECH Act, around USD 25 billion have been allocated to encourage the adoption and expansion healthcare IT. For instance, The Meaningful Use program offers significant subsidies for the providers to adopt electronic medical records and meet a set of standards set forth by the Centers for Medicare and Medicaid.

Since practice management software deals with billing and coding, these is a trend of integration with electronic health records, the adoption of practice management software has increased.

Moreover, the implementation of ICD-10 guidelines has further boosted the demand for practice management software. Since ICD-10 code set is significantly larger and more complex than ICD-9, and various practice management system features coding assistance in ICD-10, the adoption of software has become critical to smooth functioning of revenue cycle.

A huge patient base in the form of large geriatric population in this region should also be attributed to the dominance of this region. In North America, geriatric population was nearly 66 million in 2012, and is expected to reach over 81 million in 2022.

Asia Pacific, with Japan and China dental practice management software market share responsible for over 50% revenue in 2015, is expected to witness lucrative 13.2% CAGR gains from 2016 to 2023. Aggressive adoption of healthcare IT solutions in response to the demand for better quality of healthcare, increasing labor shortage and fragmented nature of the industry will stimulate demand. Regional growth is hinged on Singapore, Japan, South Korea and Australia, who have been at the forefront of technology adoption, while China and India are among the emerging avenues.

Europe dental practice management software market share, with Germany, UK, France, Italy and Spain providing over 90% of regional revenue is poised to see 10.4% CAGR growth.

Competitive Market Share

Global dental practice management software market share is highly fragmented and slowly moving towards consolidation. The industry is highly competitive due to large number of national, regional, and private players. Henry Schein, Inc. (Dentrix), Patterson Dental, Inc., Carestream, and Curve Dental are dominant industry participants.

Other active players include Dovetail, Quality Systems, Inc., DentiMax LLC, Datacon Dental Systems, Allscripts Healthcare, and Epic Systems Corporation, among others.

Dental Practice Management Software Industry Background

Global dental practice management industry is driven by the healthcare IT industry, and scan be considered a part of the dental software market. The industry is witnessing rapid transformation from paper-based healthcare system into a digitized one. The factors driving the adoption of healthcare IT ought to influence the dental practice management industry. Factors such as growing pressure of cost containment, and increasing demand for integrated healthcare systems, along with a move towards patient centric model is influencing the market at large.

Favorable political scenario for the industry contributes to further growth. Improving reimbursement policies such as Medicare and Medicaid in developed economies, and presence of various associations such as American Dental Association (ADA), European Dental Association working towards raising awareness regarding oral health is positively influencing the industry.

What Information does this report contain?

What was the historic market data from 2012 to 2015, what is the industry growth forecast from 2016 to 2023?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2023?
What are the technology & innovation trends, how will they evolve by 2023?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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