Dental Practice Management Software Market is expected to grow at a high rate from 2018 to 2023 (forecast period). It is driven by the increasing focus on oral health in countries with rising urbanization. During this forecast period the market growth can be driven by awareness of dental problems and rising number of patients seeking treatment and diagnosis. The need for dental practice management software can be evoked by the transfer of data and shift to digitized information.
Expansion of healthcare activities and operational efficiency of the software are other drivers of the dental practice management software market. Spurt in the geriatric populace could provide new opportunities to the market. The low immunity system and vulnerability to various diseases make them a primary customer base to the dental industry. Dental practice management software will play an important part in assisting the elderly in collection, billing and patient management.
Teleorthodontics is a new trend that is gaining traction within the dental industry. This is evident with the development of mobile applications and implementation of 3D printing technology for printing out whole sets of teeth using 3D software. The trend has encouraged companies dedicated to niche segments such as diagnosis or scanning to align their goals in order to thrive.
Segments of Dental Practice Management Software Market:
The dental practice management software market is segmented by application, deployment and end-user. By deployment it is segmented into cloud, on-premise and web-based.
The web-based segment can capture a large market share by the virtue of instant security updates, high security protocols and infinite storage capacity.
The cloud segment can lead over its counterpart in the forecast period because of the development of mobile based application, which functions over the cloud.
By application, it is segmented into patient management, charting, insurance management, invoicing/billing, and others.
By end-user, it is segmented into hospitals, dental clinics, and others.