Innovation of modern techniques like IoT and cloud services, managing workflow to increase efficiency of staff and ease to book an appointment are some significant factors boosting the medical scheduling software market.
Market size: USD 264.61 million in 2019
Growth rate: 12.7% CAGR
Market trend: Incorporating IT in Healthcare sector
The global medical scheduling market is projected to escalate from USD 264.61 million in 2019 to USD 690.28 million by 2027, with a substantial growth rate of 12.7%.
The key market players are-
TimeTrade Systems, Yocale, American Medical Software, McKesson, StormSource, Voicent Communications, Total Recall Solutions, Daw Syatems, Nuesoft Technologies, LeonardoMD, Beijing Ruiguang, and ByteBloc Software.
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Healthcare is a critical and integral part of human life around the globe, hence, any mistake committed in clinical facilities or healthcare providers could be fatal. Patient appointments with clinicians are one of the key clinical services that have been automated over the last few years.
Online scheduling systems are easy and convenient ways to book online appointments. It allows the user or patient to access a doctor’s website through online portals to book and secure their appointments. It also allows the patients to feed information to make the doctor aware of the situation and get sufficient time to work on the case until the appointment day.
Patient scheduling is a complex and vital procedure in the healthcare industry which is simplified using medical scheduling software. A good appointment scheduling software is one of the essential factors in the healthcare field. It is easy to book an appointment and also preferred over the traditional methods as it saves a lot of waiting time.
Workflow management is an essential component for the smooth working of organizations and healthcare units. These systems allow systematic work management and designing of efficient work routine for the staffs. Medical scheduling software is flourishing efficiently due to this factor.
The Asia Pacific is expected to witness the fastest growth due to highly growing healthcare services in countries like India, China, and Japan.
However, strict government laws, lack of awareness regarding current healthcare facilities and stringent FDA guidelines can restrain market growth.
Further key findings:
- Medical scheduling software market in the Asia Pacific is expanding at a growth rate of 22.7%, along with North America at 37.4% and Europe at 29.1%.
- The innovation of modern techniques like IoT and cloud services has increased the network connectivity and interface points, thereby facilitating medical scheduling software growth.
- For easy accessibility of public services, governments are launching different server-based facilities in their countries. This is assumed to boost market growth.
- Making proper use of advanced healthcare IT technology for scheduling patient treatment appointments, wellness facilities, and other services is accelerating market growth.
- Although alternatives for booking appointments exist, online scheduling software is more efficient and affordable for all-size establishments, despite the type of scheduled service.
- Change in lifestyles and busy schedules contribute to expanding the market as everything is easily accessible on the internet, and people don’t have enough time for booking using traditional methods. There has been a rise from 25% to 47% in the internet users within the age group of 55-64 years.
- Online communication between the faculty and the patients and HIPAA (Health Insurance Portability and Accountability Act) provisions are important while operating the online scheduling system. These will have a positive impact on market growth.
To identify the key trends in the industry, click on the link below:
Key players in the market:
- TimeTrade Systems
- American Medical Software
- Nuesoft Technologies
- Total Recall Solutions
- Voicent Communications
- Daw Systems
- ByteBloc Software
- Beijing Ruiguang
For the purpose of this report, Reports and Data has segmented the medical scheduling software market on the basis of product type, deployment type, and region:
By Product Type (Revenue, USD Million, 2017 – 2027)
- Care provider scheduling
- Patient scheduling
- Automated reminders
- Mobile applications
- Patient informing tools
- Bill Scheduling
By Deployment Type (Revenue, USD Million, 2017 – 2027)
- By Applications Type
Regional Outlook (Revenue in USD Million; 2016–2026)
- Rest of Europe
- Rest of Asia Pacific
Middle East & Africa
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Table of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Rapid urbanization, digitization.
3.2. Improvement of Healthcare facilities across the nations
3.3. Advent of technologies like Internet of Things and Cloud Computing Services
3.4. Extensive research and development activities in the technology sector
Chapter 4. Medical Scheduling Software Segmentation & Impact Analysis
4.1. Medical Scheduling Software Segmentation Analysis
4.2. Medical Scheduling Software Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Medical Scheduling Software Market Impact Analysis
4.4.1. Market driver analysis
22.214.171.124. Ability to efficiently manage and optimize workflow for maximum workforce output
126.96.36.199. Improved patient handling and interacting abilities.
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