Title: Dental Practice Management Software Market is projected to grow at a CAGR of 10% by 2026
1Dental Practice Management Software Market Size,
Share, Outlook, and Forecast 2021-2026
2Dental practice management software is a class of
software solution that assists dentists and other
healthcare professionals in managing their
routine activities/operations. Online appointment
bookings, accounting report generation,
e-billing, insurance claiming, e-prescription
facilities dental imaging, and patient
communication are some of the software's key
features. The Dental Practice Management
Software Market is expected to grow at a rate of
10 by 2026. The rising incidence of oral
diseases and dental disorders, the increasing
geriatric population, growing awareness regarding
the importance of oral health, and increasing
government support for the adoption of Electronic
Dental Records (EDRs) are some of the main
factors driving the global dental practice
management software market. Integration of
Digital Imaging with Dental Practice Management
Software Drives the Dental Practice Management
Software Market The integration of digital
imaging capabilities with dental practice
management software is a growing trend as a
result of the development of digital radiography
and software solutions. The software when
combined with digital imaging helps dentists to
create x-ray images of gums, teeth, and study
patients' dental conditions using digital X-rays,
and simultaneously perform treatment planning.
3A Move towards Cloud-based Dental Practice
Management Software Todays dental practice is
moving toward digital integration. The
cloud-based software model is anticipated to
expand rapidly over the next several years due to
its flexibility, affordability, efficiency,
security, scalability, user-friendly features,
and automatic software updates. Additionally,
browser-based cloud software can be used across
multiple locations and platforms, including
smartphones, tablets, desktops, windows, android,
and apple products, among others. Cloud offers
a flexible, scalable environment at a lower cost
than on-premise deployments but still a majority
of dental practice management software solutions
are currently implemented on-premise due to
security, control, and privacy reasons. However,
the trend is shifting towards hybrid cloud-based
software solutions. - Executive Chairman, Dental
Practice Management Software Company, US Key
Challenges/ Constraints Dental Practice
Management Software Market Due to their ignorance
of digital solutions in the dentistry field, many
dental experts are concerned about the adoption
of new technologies. The price of advanced
digital solutions such as scanning and milling
devices has been too high and utilization levels
are too uncertain to pay off for most individual
practice owners. These factors are likely to
hamper the dental practice management software
market growth.
4- Explore Premium Report on Dental Practice
Management Software Market _at_ https//meditechinsig
hts.com/dental-practice-management-software-market
/ - North America Leads the Adoption of Dental
Practice Management Software Market - North America commanded the largest share of the
market, followed by Europe and APAC. The huge
share of North America can be attributed to the
increased acceptance of digital solutions within
dental practices, new regulatory standards,
technological advancements in dental practices,
and the presence of key market players in the
region. - Companies Adopting Inorganic Growth Strategies to
Increase their Market Share - Players operating in the dental practice
management software market are adopting both
organic and inorganic growth strategies such as
collaborations, acquisitions, and introducing new
software products/features to garner market
share. - For instance,
- In February 2022, Carestream Dental announced the
introduction of new features in Sensi Cloud, a
Carestream Dentals Software-as-a-Service (SaaS)
to help dentists elevate their practices and
provide better, more efficient patient care - In June 2021, Planet DDS announced the launch of
its internal external referral management tools
within Denticon, its flagship practice management
solution which will allow dentists to seamlessly
track and manage referrals within a group or with
external providers
5- Rising Interest of Private Equity Firms in Dental
Practice Management Software - Citing the profitable growth opportunities in the
dental practice management software market,
private equity firms are also making investments
in potentially high-growth areas/companies in
this space. - For instance,
- In April 2021, CareStack secured 22.5 million
from Steadview Capital Others. The fund raised
will be used to expand operations, double its
workforce and grow annual revenue by four times - Competitive Landscape Analysis of Dental Practice
Management Software Market - Some of the key players operating in the global
dental practice management software market
include Carestream Dental, Patterson Companies
Inc., Henry Schein Inc., Curve Dental, and
Dentimax, among others. - For More Detailed Insights, Contact Us
_at_ https//meditechinsights.com/contact-us/ - About Medi-Tech Insights
- Medi-Tech Insights is a healthcare-focused
business research insights firm. Our clients
include Fortune 500 companies, blue-chip
investors hyper-growth start-ups. We have
completed 100 projects in Digital Health,
Healthcare IT, Medical Technology, Medical
Devices Pharma Services. - Contact
- Ruta Halde
- Associate, Medi-Tech Insights
- 32 498 86 80 79
- info_at_meditechinsights.com