TMR Research has added a new report to its repository, titled, “Dental Practice Management Software Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” The report studies every facet of the market to uncover its overall revenue, size, competitive dynamics, and growth prospects, going forward. It studies the current market scope and its trajectory from 2017 to 2025. It covers all the major trends and technologies shaping the growth of the market over the forecast period. It also highlights various drivers, restraints, and opportunities so that players can take advantages of certain factors and avoid certain pitfalls.
Dental services, such as endodontics, oral surgery, pediatric dentistry, and orthodontics, have seen tremendous uptake worldwide in the past couple of years because of the ever-rising dental problems among people. Progress in technology has resulted in the designing of web-based, ascendable, and instinctive software that are seamless vis-à-vis operations and provide dental surgeons with ample of choices for managing their day-to-day tasks effectively. All these have served to stoke growth in the global market for dental practice management software.
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Apart from that, other factors proving beneficial to the global market for dental practice management software are the increasing number of private dental insurances, particularly in the developed countries of North America. Focus on inclusive health insurance plans across the globe is also having a positive impact on the market. Further, a rising pool of elderly looking for dental care, the need to improve patient outcomes, and the ongoing technological advancements in the software employed for managing dental care are expected place the market on a steady growth path in the near future. Other factors fuelling growth in the global market for dental practice management software are efforts by governments of different nations to overhaul the dental healthcare industry by incorporating latest technologies and software.
Acting as a roadblock to the growth in the global market for dental practice management software, on the other hand, is the limited or non-existent public coverage for dental care across major regions. Helping to overcome such challenges is the rise of cloud-based solutions that do not require steep upfront investment by dental practitioners.
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From geographical standpoint, North America is key region in the global market for dental practice management software. This is because of the superior healthcare system in the nation, growing coverage of private dental insurance, and the continued launch of cutting-edge software with enhanced functionalities. Asia Pacific is another key region, which holds out lucrative growth opportunities for companies operating in the market. The growth in the region is primarily a result of the increasing spends on healthcare IT, increasing per capita expenditure on healthcare and growing awareness about oral care, particularly in nations of Japan, India, China, and Australia.
In order to bolster their positions in the global market for dental practice management software, prominent companies are coming up with an extensive range of scalable, web-based solutions to satisfy requirements of dental clinics of various sizes. They are resorting to product innovations and carefully-considered mergers and acquisitions to surge ahead of their competitors. Some of the key players in the market are Carestream Dental, Henry Schein, Inc., Patterson Companies, Inc., Dentimax LLC, Practice Web, Inc., and NextGen Healthcare Information Systems, LLC.
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