NEW YORK, March 21, 2024 /PRNewswire/ -- The dental practice management software market size is projected to increase by USD 954.53 million, at a CAGR of 8.52% between 2023 and 2028. The market report features analyses of 20 key companies, including ABELSoft Inc., ACE Dental, and Carestream Dental LLC. Notably, ABELSoft Inc. offers ABELDent software, optimizing dental clinic management by improving patient care, ensuring data security, and fostering practice growth. These companies contribute to a diverse and innovative market landscape in dental practice management. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 37%.
For more insights on the historic (2018 to 2022) and forecast market size (2024 to 2028)
Report Coverage | Details |
Page number | 159 |
Base year | 2023 |
Historic period | 2018-2022 |
Forecast period | 2024-2028 |
Growth momentum & CAGR | Accelerate at a CAGR of 8.52% |
Market Growth 2024-2028 | USD 954.53 million |
Market structure | Fragmented |
YoY growth 2023-2024(%) | 7.76 |
Regional analysis | North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution | North America at 37% |
Key countries | US, China, Japan, Germany, and UK |
What's New?
Segment Overview
Technavio has segmented the market based on type, End-user (Dental clinics, Hospitals, and Others), Deployment (On-premises and Cloud based), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).
Geography Overview
By geography, the global dental practice management software market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global dental practice management software market.
Insights on the market contribution of various segments including country and region wise, historic (2018 to 2022) and forecast market size (2024 to 2028)
Market Dynamics
The increasing number of DSOs supporting is notably driving the market:
The market is notably driven by the increasing support from Dental Service Organizations (DSOs). DSOs assist dentists in adopting advanced procedures and resolving non-clinical tasks. With rising medical costs, people, especially the elderly and those with disabilities, rely on DSOs and medical insurance policies. This support enhances dental practices and drives market growth during the forecast period.
Insights on Market Drivers, trends, & Challenges, historic period (2017 to 2021) and forecast period (2024 to 2028)
What are the key data covered in this Dental Practice Management Software Market report?
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Analyst Review:
The global dental practice management software market is experiencing robust growth propelled by several key factors. Rising geriatric population and increased interest in oral health contribute to the expanding market demand. Technological advancements, spurred by initiatives like the Health Information Technology for Economic and Clinical Health (HITEC) Act, drive the adoption of healthcare IT solutions, especially in specialty clinics.
Insurance coverage for oral services further fuels market growth, facilitating the implementation of dental practice management (DPM) software across various settings, including clinics, hospitals, and dental colleges. The market offers diverse deployment modes such as cloud-based, web-based, and on-premise solutions to cater to different practice needs.
Innovations in software systems, including features for insurance management, invoice/billing, payment processing, and patient communication, enhance operational efficiency and patient care. Notable players like Planet DDS with Denticon software and DentSoft are driving market expansion through strategic launches, mergers, and collaborations.
However, challenges such as data privacy and security issues, resistance to switching to dental PMS, and limitations in funds and resources hinder market growth. Yet, opportunities abound with the consolidation of dental practices, emergence of Dental Service Organizations (DSOs), and increasing investments from private equity investors, particularly in small-to-medium-sized dental practices.
Overall, the dental practice management software market presents a dynamic ecosystem with opportunities for growth, driven by technological advancements, regulatory initiatives, and evolving patient needs.
Market Overview:
The Dental Practice Management Software Market is rapidly evolving with advancements in technology and increasing demand for streamlined practice operations. Dental software solutions encompass a wide range of functionalities, from scheduling and billing to patient management and imaging. Cloud-based platforms are gaining traction due to their flexibility and accessibility, enabling practitioners to manage their practices remotely. These solutions adhere to strict compliance standards like HIPAA and GDPR, ensuring patient data security. With features such as AI integration and interoperability, dental software enhances efficiency and improves the overall patient experience. As practices strive for paperless workflows and seamless integration, the market continues to expand, driven by the quest for enhanced productivity and patient care.
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SOURCE Technavio
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