A good Practice Management System will be integrated and work well with the existing practice. Integration is essential, as it eliminates duplicate data entry and streamlines workflow. An integrated system can also help the practice by eliminating billing errors. With a single software interface, the front desk staff will be able to quickly and efficiently complete administrative tasks while ensuring a high-quality patient experience.
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Growing prevalence of chronic diseases and increasing geriatric population is expected to drive growth of the global practice management system (PMS) market during the forecast period. According to the World Health Organization (WHO), around 17.9 million people die each year from cardiovascular disease worldwide. According to the WHO, in 2018, around 9.6 million died due to cancer with over 300,000 new cases of cancer being diagnosed each year among children aged 0-19 years across the globe. Moreover, according to the same source, by 2050, the global population aged 65 years and above is expected to reach around 2 billion increasing from 900 million in 2015. As a result of this, the rate of hospitalization has increased worldwide with hospital management requiring an efficient management system for seamless operations.
However, high cost of installment and development is expected to hinder the global practice management system (PMS) market growth over the forecast period.
Impact of COVID-19 Pandemic
The global practice management system (PMS) market witnessed a surprisingly positive impact due to the outbreak of the COVID-19 pandemic. Following the outbreak in China, the virus has spread across the globe with hospitals witnessing a tremendous surge of patients. According to the WHO, as of November 2021, over 258 million cases of COVID-19 have been confirmed with over 5 million people dying due to the same. As a result of this, many hospitals and healthcare settings across the globe adopted PMS solutions, in order to adequately manage high rates of hospitalization and provide treatment efficiently.
This is owing to increasing demand for management software across hospitals. For instance, in July 2021, Practice EHR launched Practice EHR Enterprise, a practice management software to improve medical billion workflows and streamline the financial performance of hospitals, medical practices, etc.
Among regions, North America is expected to witness significant growth in the global practice management system (PMS) market during the forecast period. This is owing to the presence of a large patient pool and health insurance in the region.
Key companies in the global practice management system (PMS) market are Allscripts Healthcare Solutions, Inc. Henry Schein MicroMD, Athenahealth, Inc., GE Healthcare, NextGen Healthcare Information System LLC, Practice Fusion, McKesson Corporation, Greenway Medical AdvantEgde Healthcare Solutions, MediTouch, and Accumedic Computer Systems.
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• Current and future of global Practice Management System (PMS) Market outlook in the developed and emerging markets
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Practice Management System (PMS) Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Practice Management System (PMS) Industry Impact
Chapter 2 Global Practice Management System (PMS) Competition by Types, Applications, and Top Regions and Countries
2.1 Global Practice Management System (PMS) (Volume and Value) by Type
2.3 Global Practice Management System (PMS) (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Practice Management System (PMS) Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Practice Management System (PMS) Market Analysis
Chapter 6 East Asia Practice Management System (PMS) Market Analysis
Chapter 7 Europe Practice Management System (PMS) Market Analysis
Chapter 8 South Asia Practice Management System (PMS) Market Analysis
Chapter 9 Southeast Asia Practice Management System (PMS) Market Analysis
Chapter 10 Middle East Practice Management System (PMS) Market Analysis
Chapter 11 Africa Practice Management System (PMS) Market Analysis
Chapter 12 Oceania Practice Management System (PMS) Market Analysis
Chapter 13 South America Practice Management System (PMS) Market Analysis
Chapter 14 Company Profiles and Key Figures in Practice Management System (PMS) Business
Chapter 15 Global Practice Management System (PMS) Market Forecast (2021-2027)
Chapter 16 Conclusions
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