Meticulous Research®—a leading global market research company, published a research report titled, ‘Dental Practice Management Software Market by Deployment mode (On-premise, Web-based, Cloud-based); Application (Patient Communication {E-prescription, Monitoring, Appointment Booking, Other Patient Communication}, Invoice/Billing, Insurance Management, Other Applications; End User (Dental Clinics, Hospitals)—Global Forecast to 2029’.
According to this latest publication from Meticulous Research®, the global dental practice management software market is projected to reach $3.11billion by 2029, at a CAGR of 9.3% during the forecast period 2022–2029. The increasing dental clinic visits, the surge in the prevalence of oral diseases, and the increasing adoption of advanced technologies by dental professionals are the key factors driving the growth of this market.
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The dental practice management software is a medical and clinical administrative tool that provides operational efficiency for dentists and related health care professionals. It offers features such as patient charting, e-prescription, administrative tools like scheduling appointments, report generation, bookkeeping, e-billing, and insurance claims. Furthermore, it saves time, ensures data consistency, and provides a patient-friendly interface, resulting in a high-quality standard of patient care. It also offers accounting solutions that help to efficiently manage the finances and resources of the site where it is being used.
With the increasing aging population, the probability of people suffering from oral health issues is expected to rise. According to International Agency for Research on Cancer, 180,000 deaths each year are caused by lip and oral cavity cancers. Furthermore, a recent report by International Agency for Research on cancer (IARC) states that the cases of lip and oral cavity cancers are projected to increase from 377.7 million in 2020 to 459.8 million people in 2030.
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A Global Burden of Disease report in 2019 projected that around 520 million children worldwide suffer from primary tooth decay, whereas 2 billion adults are thought to have permanent tooth decay. Thus, the growing prevalence of oral diseases is driving the demand for dental practice management solutions in dental clinics.
Key Findings in the Global Dental Practice Management Software Market Study:
Based on deployment mode, in 2022, the web-based segment is expected to account for the largest share
Web-based software is operated through browsers and requires minimal storage space on the device compared to other deployment modes. The patient data is instantly updated on the web portal, which is uniform for every user. Different users can easily access web-based software. Furthermore, customized changes are also possible due to the usage pattern of the end user. These factors are contributing to the large market share of this segment.
Based on application, the insurance management segment is projected to register the highest CAGR during the forecast period
More insurance companies offer dental services in their insurance plans, resulting in increased visits for dental services. The increasing awareness about oral healthcare, improving reimbursement for dental services, and integration of IT solutions in dental clinics are likely to propel insurance coverage, making it the key factor attributing to the fast growth rate of this segment during the forecast period.
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Based on end user, in 2022, the dental clinics segment is expected to account for the largest share
The rise in the number of dental clinics adopting dental practice management software is the key factor attributing to the large market share of the dental clinics segment. The software efficiently manages operations by offering tools such as scheduling appointments, accounting, and e-prescription.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments that led market participants to adopt over the past three years. The key players profiled in the global dental practice management software market report are Henry Schein, Inc. (U.S.), ALLSCRIPTS HEALTHCARE SOLUTIONS INC. (U.S.), Good Methods Global Inc. (U.S.), Carestream Dental LLC. (U.S.), CD Newco, LLC (U.S), DentiMax LLC (U.S.), PRACTICE-WEB INC. (U.S.), NXGN Management, LLC. (U.S.), ACE Dental (U.S.), Patterson Companies, Inc. (U.S.), and Datacon Dental Systems, Inc. (U.S.).
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