Dental Practice Management Software Market Share Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Dental Practice Management Software Market


The global Dental Practice Management Software market size is projected to reach US$ 3.43 billion by 2026, from US$ 1.94 billion in 2020, at a CAGR of 10% during 2021-2026. Market growth can be attributed to ongoing technological developments in the field, rising geriatric population globally, and favorable government initiatives in the oral healthcare industry.

The Health Information Technology for Economic and Clinical Health Act (HITEC) is practiced under title XIII of the American Recovery and Reinvestment Act of 2009. The act promotes and accelerates the adoption of health information technology in U.S. The U.S. Department of Health and Human Services spent USD 25.9 billion to promote the healthcare IT sector. The act is implemented to improve healthcare delivery and provide quality service to patients. Furthermore, it is anticipated to increase insurance coverage in the country. All the above-mentioned factors are expected to increase demand for dental services and thereby drive demand for dental practice management software in the coming years.

According to the National Institute on Aging, in 2010, about 524 million people were 65 years or older, which is about 8.0% of the global population. By 2050, the number is anticipated to reach approximately 1.5 billion, which is roughly 16.0% of the global population. There is a direct link between increasing aging population and surge in oral healthcare services, a factor that is expected to benefit the market in the near future.

Market Segmentation, Outlook & Viewpoint: Global Dental Practice Management Software Market

Deployment Mode Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Web based
  
Cloud based
  
On premise

Key Players, Recent Developments & Regional Insights: Global Dental Practice Management Software Market

The global market can be segmented on the basis of geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Accounting for a share of close to 42.0% in 2018, North America emerged as the dominant regional market in terms of revenue.

Local presence of major industry players, such as Henry Schein; Patterson Companies.; Carestream Dental; Curve Dental; Practice Web; NextGen Healthcare Information Systems, LLC; athenahealth; and DentiMax, LLC, has propelled the growth of the regional market. In 2015, Henry Schein observed an increase of 2.8% in its technology and value-added solutions net sales as compared to the previous year.

Asia Pacific is expected to emerge as the fastest growing region over the forecast period. Improving oral healthcare structure, growing investments by healthcare IT companies in the region, and improving economic conditions are facilitating the high demand.

India, China, Japan, Australia, and Korea are key contributing countries in the region. Henry Schein entered into the Japan market by investing in Iwase Dental Supply Inc. in 2014. Furthermore, with continuous development of technology, presence of highly skilled dentists, and extensive adoption of digital dentistry, Singapore has become a hub for dental innovations.

Dental Practice Management Software Market Share Insights

Some of the key players in the market are Patterson Companies, Inc.; Henry Schein, Inc.; Carestream Dental; NextGen Healthcare Information Systems, LLC; DentiMax, LLC; and Practice Web, Inc. These companies provide a wide range of solutions with customized modules for clinics of all sizes.

Various innovative technological solutions and mergers and acquisitions contribute to the large share captured by a few industry giants. For instance, in February 2016, Henry Schein entered into an agreement to acquire Dental Cremer S.A., which is a distributor of equipment and supplies in Brazil. In February 2014, the company also acquired five of Arseus NVs businesses in three European countries. The businesses include practice management software companies and distributors for dentistry products in France.

In November 2017, DentiMax released DentiMAx 18, an upgraded version of practice management software. This software is more powerful, has better graphics, and is easier to use than the companys previous versions. In April 2018, Patterson Dental launched a new cloud management software-Fuse-to aid dental professionals in connecting reports and scheduling patients. In August 2017, the company entered into a distribution agreement with Align Technology, Inc. pertaining to its iTero Element intraoral scanning system. This strategic initiative expanded the CAD/CAM product portfolio of Patterson with iTero scanners proven digital technology.

Key Insights Covered: Global Dental Practice Management Software Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Dental Practice Management Software industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Dental Practice Management Software industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Dental Practice Management Software industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Dental Practice Management Software industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Dental Practice Management Software industry.

Research Methodology: Global Dental Practice Management Software Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other