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Dental Practice Management Software Market 2020 By Regional Trend & Growth Forecast To 2025

Author : Ronak Bora | Published Date : 2020-09-16 

Dental Practice Management Software Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Dental practice management software solutions have gained significant prominence worldwide over the past few years. Most dental practitioners today are relying on digital technology for billing, patient management, appointments, insurance coverage, and marketing.

In December 2019, cloud-based dental solutions provider Curve Dental and online dental supply firm The Dentists Supply Company (TDSC) had formed a strategic partnership. Curve Dental’s dental practice management platform would enable TDSC lower overhead costs while utilizing better technology, improving profitability, enhancing patient experience and maximizing data security through cloud technology.

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It is estimated that global dental practice management software market size will be worth more than US$2.7 billion by 2025.

Evolving lifestyles around the world have affected the general health of people and escalated the dental problems across varied demographics. Subsequently, the growing awareness regarding oral hygiene has boosted the dental industry and immensely enhanced dental practice management software market share. A striking factor influencing the industry is the rising geriatric population which is experiencing oral disorders like gum disease, cavities, tooth decay and tooth loss more frequently.

Statistics released by the World Health Organization indicate that the global population of people with aged 60 and above will virtually double from 900 million in 2015 to nearly 2 billion in 2050. As older people are more susceptible to dental problems, the projected increase of elderly population indicates a lucrative future for the dental practice management software industry.

The development of DPMS industry is continuously being supported by huge venture capital investments and technology-friendly initiatives by governments. Recently, a prominent dental practice management platform, iDentalSoft received considerable investment through a new round of funding led by FCA Venture Partners. iDentalSoft, formed in California, is a secure cloud-based DPMS platform that assists in improving clinical efficiency, streamline workflow and optimize production. It allows fast access to patient schedules, details, treatment plans, x-rays, billing and credit card payments among other tools, displaying the tremendous utility of DPMS in reducing the administrative workload of dentists.

Investment activities of such nature have enabled the influx of innovations in the industry fueled by the government mandates, like the Health Information Technology for Economic and Clinical Health Act (HITECH Act) introduced by the U.S. The act encourages expansion of healthcare IT infrastructure and has subsequently helped augment the dental practice management software market share in the U.S.

Being one of the most technologically advanced countries, the U.S. has been a vital base for startup companies that want to design DPMS products. Owing to the cutting-edge healthcare services provided in the country and increasing geriatric populace with dental ailments, the U.S. dominated the dental practice management software market with a share of 39%. As the software adoption rates continue to soar and the healthcare IT industry expands, U.S. dental practice management software market will showcase its dominance over 2019-2025.

Speaking of enhanced DPMS, it is necessary to consider its assistance in bearing the security aspect of a dental practice, as numerous government health agencies have specific legislations for data protection. For instance, Ontario’s Personal Health Information Protection Act requires data storage facilities to be locked with limited and authorized access using ID cards. As such, the latest services in the dental practice management software industry are generally cloud-based, where a physical server is not required to be present at the practice. A cloud server enables automatic data backup and protection, and its lifetime cost is considerably lower than a complete desktop system that requires timely maintenance with essential features to be added separately.

All in all, the rapid progression in cloud technology, convenience of smart devices in the hands of patients and the shifting customer preference towards better service quality has endlessly changed the dentistry landscape. Key market contributors like Patterson Dental, Henry Schein, Carestream Dental, Bestosys, Open Dental Supply amongst others have established their presence with prolific DPMS products. Constant evolution of software capabilities combined with the awareness pertaining to their benefits in patient-care and servicing are expected to catapult the dental practice management software market share in the years to come. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/dental-practice-management-software-market

Partial Chapter of the Table of Content 

Chapter 4. Dental Practice Management Software Market, By Component

4.1. Key segment trends

4.2. Scheduling software

4.2.1. Market size, by region, 2014 - 2025 (USD Million)

4.3. Patient communication software

4.3.1. Market size, by region, 2014 - 2025 (USD Million)

4.4. Invoice/Billing software

4.4.1. Market size, by region, 2014 - 2025 (USD Million)

4.5. Payment processing software

4.5.1. Market size, by region, 2014 - 2025 (USD Million)

4.6. Insurance management

4.6.1. Market size, by region, 2014 - 2025 (USD Million)

4.7. Dental charting

4.7.1. Market size, by region, 2014 - 2025 (USD Million)

4.8. Others

4.8.1. Market size, by region, 2014 - 2025 (USD Million)

Chapter 5. Dental Practice Management Software Market, By Delivery Mode

5.1. Key segment trends

5.2. On-premise

5.2.1. Market size, by region, 2014 - 2025 (USD Million)

5.3. Web-based

5.3.1. Market size, by region, 2014 - 2025 (USD Million)

5.4. Cloud-based

5.4.1. Market size, by region, 2014 - 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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