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Dental Practice Management Software Market

Business Aug 21, 2020 at 10:42

Dental Practice Management Software Market

Dental Practice Management Software Market (Deployment Mode – On Premise, Cloud Based; Application – Patient Management and Billing, Clinical; End use – Dental Clinics, Hospitals) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027

According to Transparency Market Research’s latest report on the global dental practice management software market for the historical period 2017-2018 and forecast period 2019-2027, value added features in dental practice management software, software integration and increase in dental visits are projected to drive the global dental practice management software market during the forecast period
According to the report, the global dental practice management software market was valued at US$ 1,984.4 Mn in 2018 and is anticipated to expand at a CAGR of 11.4% from 2019 to 2027

Value Added Features in Dental Practice Management Software Increase in Number of Dental Visits : Key Drivers

Expansion of dental practice services and increasing need for the optimum chair time utilization to increase practice management revenue in developed countries has led to large share of dental clinics in 2016. Moreover, increased oral care awareness in the developing countries and growing geriatric population has resulted in the increased patient footfall in dental clinics.
Key players offering dental practice management software are coming up with value added features such as patient communication and online appointment scheduling features, accounting, and imaging modules that eliminate the need for separate software for each task, thereby reducing the overall operating cost and improving the overall effectiveness and efficiency of dental practice.
Companies such as Henry Schein, Inc., Suzy Systems, and Quality Systems are providing the business intelligence and data analytical tools to analyze and support decision making in dental practices. These tools help better understanding of the performance of the practice by providing customized data mining, performance monitoring reports, patient information, and key performance indicator (KPI) reports.
Increase in awareness about dental health and improvements in the understanding and treatment of dental issues have resulted in significant increase in patient footfall in dental clinics and hospitals in the last decade
Moreover, high prevalence and incidence rates of dental carries, periodontal diseases, increase in number of cases of missing teeth, and prosthetic rehabilitation among the global population have resulted in increase in patient flow to dental clinics and hospitals .

Software Integration to Boost Market Growth

Majority of the dental practice management software companies are providing software integration facilities to integrate with the other practice management software and dental tools such as intraoral cameras, digital radiographs, patient education programs, and training programs. This integration facility saves most of administrative and clinical tasks and helps improve productivity and overall profitability of dental practice.
Most of the dental practice management software are integrated with systems such as electronic dental records (EDR), electronic health records (HER), electronic medical records (EMR), and patient billing and insurance claiming systems & clearing houses.

Fragmented market to Hamper Market

The dental practice management software market is largely fragmented, with small and medium sized domestic players accounting for major share and customer base in respective regions.
Domestic players offer practice management software with latest updated features meeting the customer needs at economic rates than that of global players. Hence, most of the global players operating in this market face healthy competition from these players to launch technologically advanced software and penetrate into price sensitive markets such as China, India, Russia, Brazil, and Mexico.

Global Dental Practice Management Software Market: Competitive Landscape

This report profiles major players in the global dental practice management software market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global dental practice management software market is highly fragmented, with the presence of a number of international as well as regional players
Key player operating in the global dental practice management software market includes –
Patterson Companies Inc.
Curve Dental Inc.
DentMax LLC
Ace Dental
Henry Schein Inc.
Carestream Dental LLC
Open Dental Software
Planet DDS, Inc.
Web.com Group, Inc.
MOGO, Inc.

Global Dental Practice Management Software Market: Key Developments

Key players in the global dental practice management software market are engaged in development of technologically advanced software, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global dental practice management software market. A few expansion strategies adopted by players operating in the global dental practice management software market are:

In November 2017, Curve dental launched a cloud-based imaging module in Canada. Curve dental has planned to release its imaging module in three phases based on the amount of data a particular system having in their module.
In June 2017, Patterson Companies, Inc. was named as one of the fortune 500 companies by revenue in the U.S.
In January 2017, Henry Schein, Inc. acquired Dental Cremer S.A, a Brazil-based distributor of dental supplies and equipment company
In March 2016, Web.com Inc. acquired 100% of the outstanding shares of Yodle, Inc. Yodle Inc. was a U.S.-based online marketing company specialized in cloud-based marketing solutions offering its services to small business entities.
The report on the global dental practice management software market discussed individual strategies, followed by company profiles of developer and provider of dental practice management software. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global dental practice management software market.