Sun, 21 Jul 2019

dental practice management software market

The global dental practice management software market expected to be US$ 1,721.0 Mn in 2018 and is predicted to grow at a CAGR of 11.2% during the forecast period 2019 - 2027, to reach US$ 4,299.6 Mn by 2027.

Market Insights

Rising Prevalence of Dental Diseases

As per the World health Organization's, Global Burden of Disease Study 2016 estimated that around 3.58 billion people across the globe suffer from dental caries (tooth decay) in permanent teeth. The WHO also states that periodontal (gum) disease, which is a prominent cause of tooth loss was estimated to be the 11th most prevalent disease on a global scale. Globally, it is estimated that 2.4 billion people suffer from caries of permanent teeth and 486 million children suffer from caries of primary teeth. Also, according to the American College of Prosthodontists (ACP), 178 million Americans are missing at least one tooth. Additionally, 40 million people on an average in the United States are missing all of their teeth. The ACP estimates that this number is expected to rise over the next two decades owing to increasing cavity and tooth decay. According to a Brazilian study published in the International Journal of Dentistry, the major reasons responsible for dental implant procedures in Brazil were, Cavities (38.4%), periodontal diseases (32.2%), eruption problems (6.4%), orthodontics (5.7%), prosthetics (3.6%), injury/trauma (2.6%), occlusal problems (1.1%), and others (9%). Furthermore, American Dental Association (ADA) statistics 2015, ninety-one percent of Americans over the age of 20 years have suffered from dental cavities at least once in their lives. The high prevalence of dental issues will boost the adoption of dental practice management solutions by the dentists in the coming few years.

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Some of the Leading Key Players Profiling

  • Carestream Dental, LLC.
  • Curve Dental, Inc.
  • Datacon Dental Systems
  • Epic Systems Corporation
  • DentiMax
  • Henry Schein, Inc.
  • Patterson Dental Supply, Inc.
  • Gaargle Solutions Inc.
  • NXGN Management, LLC
  • Compudent Systems Inc.

Increasing Demand For Cosmetic Dentistry

The dental cosmetic industry has gained a substantial traction and fame over a period. The cosmetic dentistry aims to improve the appearance of gums, teeth and bites. Cosmetic implant dentistry is also being induced through surgeries that involve smile correction and other aesthetic procedures. Millennial and baby boomers are primarily responsible for the growth of cosmetic dentistry. A recent survey of dental professionals conducted by the American Academy of Cosmetic Dentistry (AACD) 2015 stated that cosmetic procedures continue to be popular with patients seeking cosmetic treatments. Additionally, according to the Bureau of Labor Statistics, the dental cosmetic procedures are projected to increase by 19% from 2016 to 2026. Thus, the vast adoption and growth of the cosmetic dental procedures are expected to support the growth of the global dental practice management software market over the coming years.

Europe is the second largest growing geographic market and is expected to be the second largest revenue contributor throughout the forecast period. The region has witnessed several technological advancements in the field of healthcare by the incorporating of digital means. The growth is driven by the factors such as, rising acceptance of advanced dental technologies as well as the rising investment made by the government bodies for the growth of the dental industry.

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Delivery Mode Insights

The global dental practice management software market by delivery mode was led by web-based delivery mode segment. In 2018, the web-based delivery mode held a largest market share of 45.87% of the dental practice management software market, by delivery mode. However, the cloud-based delivery mode segment is expected to be the fastest growing segments the market in 2027 owing to benefits such as, easy and efficient management of the patient flow as well as maintaining a track of the procedures being conducted in a dental clinic or a hospital.

Component Insights

The global dental practice management software market by component segment was led by scheduling software segment. In 2018, the scheduling software segment held a largest market share of 24.04% of the dental practice management software market, by component. The scheduling software segment is also expected to dominate the market in 2027.

Strategic Insights

Product launches were observed as the most adopted strategy in global dental practice management software industry by the market players. For instance, during April, 2018, Patterson Dental launched a new cloud practice management software, Fuse which is designed to centralize all scheduling, patient information and practice data - accessible anywhere and in real time. Companies have also launched complementary services along with the practice management services. For instance, during October, 2018, Carestream Dental launched ePayments Secure that enables oral surgery practices to accept all the latest payment types, including chip debit/credit, Apple Pay, Google Pay and Samsung Pay. These innovative launches made by the companies help in strengthening their market position as compared to other players operating in the market.

DENTAL PRACTICE MANAGEMENT SOFTWARE - MARKET SEGMENTATION

By Delivery Mode

  • Web-Based Delivery Mode
  • Cloud-Based Delivery Mode
  • On-Premise Delivery Mode

By Component

  • Scheduling Software
  • Patient Communication Software
  • Invoice/Billing Software
  • Insurance Management Software
  • Other Components

By Geography

  • North America

  • U.S.
  • Canada
  • Mexico

  • Europe

  • France
  • Germany
  • UK
  • Spain
  • Italy

  • Asia Pacific (APAC)

  • China
  • India
  • Japan

  • Australia
  • South Korea

  • Middle East & Africa (MEA)

  • Saudi Arabia
  • South Africa
  • UAE

  • South and Central America

  • Brazil
  • Argentina

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Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Dental Practice Management Software Market

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Dental Practice Management Software Market, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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