According to The Insight Partners’ latest study on “Medical Scheduling Software Market Size, Share, Growth, Trends and Global Forecast to 2028 – COVID-19 Impact and Global Analysis – by Software, End User, and Geography,” the market is expected to reach US$ 927.1 million by 2028 from US$ 435.2 million in 2022, with an estimated CAGR of 13.4%. The medical scheduling software market growth is attributed to the rising adoption of a patient-centric approach by healthcare providers, the surge in the use of smart devices for monitoring health, and the shortage of nursing staff and doctors.
Download Sample Brochure at https://www.theinsightpartners.com/sample/TIPHE100001414
Medical Scheduling Software Market: Competitive Landscape and Key Developments
TimeTrade, AdvanceMD, Inc., Yocale Network Corporation, Voicent Communications Inc., WellSky, Daw Systems, Inc., ByteBloc Software, Workpath, Delta Health Technologies, Inc., and DHS Worldwide are among the leading companies operating in the global medical scheduling software market. These players are focusing on expanding and diversifying their market presence and acquiring a novel customer base, thereby tapping prevailing business opportunities.
Many players are launching innovative products in the medical scheduling software market with advanced features and cost-effective prices. For instance,
In February 2022, Daw Systems, Inc. announced that it is a recipient of the 2021 Surescripts White Coat Award for Highest Accuracy. Daw Systems, Inc.’s core product, ScriptSure Cloud ERX v2.0, incorporates extensive functionality from the Surescripts network, allowing medical professionals to send prescriptions to pharmacies electronically.
In January 2021, TimeTrade Systems acquired SilverCloud LLC, a customer experience and knowledge management software provider for financial institutions. The combined company will initially be called TimeTrade SilverCloud.
In April 2021, WellSky announced new enhancements to its data analytics solution. The new addition to the CareInsights solution suite, known as CareInsights Guidance, provides actionable visit utilization insights to balance the goals of care quality and patient health improvement with the need to control costs and early adopters of the new capabilities already realize the benefits of their patients, staff, and business.
Check Exclusive Discount on this Report at https://www.theinsightpartners.com/discount/TIPHE100001414
Shortage of Nursing Staff and Doctors to driving Global Medical Scheduling Software Market Growth:
There has been a significant shortage in the number of healthcare professionals such as nurses, physicians, and doctors across the globe. For instance, the global nursing shortage was a well-recognized issue before the onset of the COVID-19 pandemic. In 2020, the World Health Organization (WHO) published the first State of the World’s Nursing (SOWN) report, revealing that the nursing workforce was at 27.9 million globally and projected there was a shortfall of 5.9 million nurses. As per the report, 89% of these nurse shortages were concentrated in low- and lower-middle countries, especially in countries in South-East Asia, Africa, and Eastern Mediterranean. With the aging of the nursing workforce, 17% of nurses across the globe are anticipated to retire within the next ten years, and 4.7 million more nurses must be educated and employed to maintain current workforce numbers. In total, 10.6 million more nurses will be required by 2030.
Similarly, the US is facing a severe shortage of physicians and nursing staff, majorly due to the aging population, along with the impending retirements of older physicians. According to the data published by the Association of American Medical Colleges (AAMC), In June 2021, the US is expected to experience a shortage of of between 37,800 and 124,000 physicians by 2034, impacting patient care across the nation. Additionally, the huge shortage of nursing staff across the globe is due to an influx of patients into the health system. The burden of resource shortage impacts nurses as it increases their workload. The rising shortage also leads to the increased wait time for patients, higher risks of mistakes, and inappropriate personal attention to the patients in the hospitals.
Manual appointment scheduling by the staff at healthcare facilities is associated with various limitations, such as increasing difficulty in decision-making due to the rising complexity of the process and the growing organization’s size. Moreover, the decisions made are not recorded in any enterprise system; the knowledge is only shared during human interactions. Thus, shifting from manual scheduling and dispatching to an automated approach that offers solutions to the increasing shortage of nursing staff and physicians are boosting the growth of the medical scheduling software market.
Purchase Premium Copy of Medical Scheduling Software Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPHE100001414
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release:https://www.theinsightpartners.com/pr/medical-scheduling-software-market