DUBLIN--(BUSINESS WIRE)--The "North America Dental Practice Management Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Delivery Mode, Component" report has been added to ResearchAndMarkets.com's offering.
According to the study, the market is expected to reach US$ 1,650.6 million by 2027 from US$ 790.9 million in 2020. The market is estimated to grow at a CAGR of 11.1% from 2020 to 2027.
The growth of this market is estimated to grow owing to key driving factors such as the rising prevalence of dental diseases and growing geriatric population. However, the market is expected experiencing slow growth during the forecast period owing to the limited reimbursements and high costs of dental procedures.
As the oral treatment, procedures are directly contacted with patients' oral fluid that has a possible risk of infections, for the preventing the spread of COVID-19 it is requested to maintain social distancing as there is a greater risk of being infected with coronavirus due to direct exposure to oral fluids of the patients. During the COVID-19 pandemic, routine dental treatments are contraindicated, and the emphasis is placed only on emergency and urgent treatments in all patients. However, the data access and communication system with the practice management software have been rising in this situation where workstation access has been minimum. Therefore, it is likely to positively affect the dental practice management software market due to the abovementioned points.
The market for dental practice management software market is segmented into delivery mode and component. Based on the delivery mode, in 2019, the web-based segment held the largest share of the market whereas the cloud-based segment is expected to dominate the market share with the fastest CAGR during the forecast period. The growth of digital segment is due to growing adoption of technologies by dental clinics and hospital. Therefore, due to large force of acceptance it is likely to grow in the forecast period. However, the cloud-based delivery mode segment is also anticipated to witness the growth at a significant rate during the forecast period, 2020 to 2027 owing to benefits such as, easy and efficient management of the patient flow as well as maintaining a track of the procedures being conducted in a dental clinic or a hospital.
Carestream Dental, LLC, Curve Dental, Inc. Datacon Dental Systems, Epic Systems Corporation, DentiMax, Henry Schein, Inc. Patterson Dental Supply, Inc. Gaargle Solutions Inc. NXGN Management, LLC, and Compudent Systems Inc. are among the leading companies in the North America Dental practice management software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in October 2018, Carestream Dental launched ePayments Secure that enables oral surgery practices to accept all the latest payment types, including chip debit/credit, Apple Pay, Google Pay and Samsung Pay.
The world market for dental practice management software market is segmented into delivery mode, component, and geographically.
- Based on delivery mode, the market is bifurcated into web-based delivery mode, cloud-based delivery mode, and on-premise delivery mode.
- Based on component, the market is segmented into scheduling software, patient communication software, invoice/billing software, insurance management software, and other components.
- Geographically, the dental practice management software is segmented into North America (US, Canada, and Mexico).
Companies Profiled
- Carestream Dental, LLC
- Curve Dental, Inc.
- Datacon Dental Systems
- Epic Systems Corporation
- DentiMax
- Henry Schein, Inc.
- Patterson Dental Supply, Inc.
- Gaargle Solutions Inc.
- NXGN Management, LLC
- Compudent Systems Inc.
For more information about this report visit https://www.researchandmarkets.com/r/9kp31z
