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Dental Practice Management Software Market by Deployment Mode (On-premise, Web-based, Cloud-based), Application (Patient Communication {E-Prescription, Monitoring, Appointment booking, Other Patient Communication Applications}, Invoice/Billing, Insurance Management, Other Applications, End User (Dental Clinics, Hospitals) - Global Forecast to 2029
Report ID: MRHC - 104676 Pages: 212 Sep-2022 Formats*: PDF Category: Healthcare Delivery: 24 to 72 Hours Download Free Sample ReportThe Dental Practice Management Software Market is projected to reach $3.11 billion by 2029, at a CAGR of 9.3% during the forecast period 2022–2029. The dental practice management software is a medical and clinical administrative tool that provides operational efficiency for dentists and related health care professionals. It offers features such as patient charting, e-prescription, administrative tools like scheduling appointments, report generation, bookkeeping, e-billing, and insurance claims. Furthermore, it saves time, ensures data consistency, and provides a patient-friendly interface, resulting in a high-quality standard of patient care. It also offers accounting solutions that help to efficiently manage the finances and resources of the site where it is being used.
COVID-19 Impact Assessment
The COVID-19 pandemic drastically affected the health care system, including dental care practices. The frequency of infection spread increases significantly with close contact. Furthermore, during such procedures, doctors are close to the patient, which increases the chances of the spread of the infection. Therefore, most dental procedures were put on hold to reduce the risks associated with potential transmissions. Routine dental treatments were contraindicated, and only emergency treatments were continued. As per the American Dental Association, in the U.S., dental spending was reduced to around 66.5% in 2020. Thus, the risk of the spread of COVID-19 from patients to dental care providers and vice versa negatively impacted the market.
However, the demand for dental practice management software is expected to increase as the previously declared non-emergency services have resumed in hospitals, clinics, and other healthcare facilities. Additionally, various efforts are being made by dental associations and dental practice management software companies to bring the flow of dental treatments and procedures back to pre-pandemic levels. As a result, oral care practices are predicted to invest in dental practice management solutions, resulting in the growth of the market.
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Advancements in practice management software, coupled with its ease in handling, significantly contribute to its increased adoption by dental practitioners. Additionally, the increasing demand for insurance coverage, online appointments, and remote monitoring also contribute to the growing use of dental practice management software. With the increasing investments in healthcare IT, more market players are entering this market, resulting in increasing competition, high buying power, and reduced software costs to stay competitive in the fragmented market. These factors contribute to the accelerating demand for dental practice management software.
The Increasing Cases of Oral Diseases are Driving the Market Growth
With the increasing aging population, the probability of people suffering from oral health issues is expected to rise. According to International Agency for Research on Cancer, 180,000 deaths each year are caused by lip and oral cavity cancers. Furthermore, a recent report by International Agency for Research on cancer (IARC) states that the cases of lip and oral cavity cancers are projected to increase from 377.7 million in 2020 to 459.8 million people in 2030.
A Global Burden of Disease report in 2019 projected that around 520 million children worldwide suffer from primary tooth decay, whereas 2 billion adults are thought to have permanent tooth decay. Thus, the growing prevalence of oral diseases is driving the demand for dental practice management solutions in dental clinics.
Based on deployment mode, in 2022, the web-based segment is expected to account for the largest share
Web-based software is operated through browsers and requires minimal storage space on the device compared to other deployment modes. The patient data is instantly updated on the web portal, which is uniform for every user. Different users can easily access web-based software. Furthermore, customized changes are also possible due to the usage pattern of the end user. These factors are contributing to the large market share of this segment.
Based on application, the insurance management segment is projected to register the highest CAGR during the forecast period
More insurance companies offer dental services in their insurance plans, resulting in increased visits for dental services. The increasing awareness about oral healthcare, improving reimbursement for dental services, and integration of IT solutions in dental clinics are likely to propel insurance coverage, making it the key factor attributing to the fast growth rate of this segment during the forecast period.
Based on end user, in 2022, the dental clinics segment is expected to account for the largest share
The rise in the number of dental clinics adopting dental practice management software is the key factor attributing to the large market share of the dental clinics segment. The software efficiently manages operations by offering tools such as scheduling appointments, accounting, and e-prescription.
Asia-Pacific: Fastest growing regional market
The growth of this market is attributed to the increasing investments in healthcare IT, improving healthcare infrastructure, and adoption of advanced technologies by dentists and related healthcare professionals. The growing dental tourism in Asia-Pacific is increasing the number of dental clinics. Furthermore, the growing prevalence of dental disorders due to the usage of tobacco and poor oral hygiene and technological advancements related to oral treatment are increasing the adoption of these technologies by dental practitioners in this region.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments that led market participants to adopt over the past three years. The key players profiled in the global dental practice management software market report are Henry Schein, Inc. (U.S.), ALLSCRIPTS HEALTHCARE SOLUTIONS INC. (U.S.), Good Methods Global Inc. (U.S.), Carestream Dental LLC. (U.S.), CD Newco, LLC (U.S), DentiMax LLC (U.S.), PRACTICE-WEB INC. (U.S.), NXGN Management, LLC. (U.S.), ACE Dental (U.S.), Patterson Companies, Inc. (U.S.), and Datacon Dental Systems, Inc. (U.S.).
Scope of the Report:
Dental Practice Management Software Market, by Deployment Mode
Dental Practice Management Software Market, by Application
Note: Other patient communication applications include imaging, charting, and patient reviews.
Note: Other applications include treatment plans, reports, and patient info.
Dental Practice Management Software Market, by End User
Dental Practice Management Software Market, by Geography
Key questions answered in the report:
This study offers a detailed assessment of the dental practice management software market, including the market size & forecast for various segmentation like deployment mode, application, and end user. The dental practice management software market studied in this report also involves the value analysis of various segments and sub-segments of dental practice management software at regional and country levels.
The global dental practice management software market is projected to reach $3.11 billion by 2029, at a CAGR of 9.3% during the forecast period.
Based on product type, in 2022, the web-based segment is expected to account for the largest share of the market due to its benefits, such as instant updates, minimal storage space, and cost efficiency.
Based on application, the insurance management segment is projected to register the highest CAGR during the forecast period.
The growth of this market is mainly attributed to the increasing awareness about oral care, increased access to dental clinics, increase in oral diseases, increasing investments in digital dental care, and adoption of advanced technologies by dentists and related healthcare professionals. Furthermore, the increasing privatization of the dental sector and product launches by emerging players offer significant opportunities for market growth.
The key players profiled in the global dental practice management software market are Henry Schein, Inc. (U.S.), ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.(U.S.), Good Methods Global Inc. (U.S.), Carestream Dental, LLC. (U.S.), CD Newco, LLC (U.S), DentiMax LLC (U.S.), PRACTICE-WEB INC. (U.S.), NXGN Management, LLC. (U.S.), ACE Dental (U.S.), Patterson Companies, Inc. (U.S.), and Datacon Dental Systems, Inc. (U.S.).
Emerging economies in Asia-Pacific are projected to offer significant growth opportunities to the market players due to the growing investments in healthcare IT, awareness about oral care, improved health infrastructure, and adoption of advanced technologies in this region.
Published Date: May-2024
Published Date: Apr-2023
Published Date: Sep-2016
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