The global dental practice management software market is expected to be valued at $3.4 billion by 2026, with growth being attributed to an increasing geriatric population and increases in oral healthcare expenditures, according to analysis from Reportlinker.com that was released Oct. 30.
Here are six key takeaways:
1. In 2018, North America dominated the market due to favorable government initiatives, local key players, a growing geriatric population and high oral healthcare expenditure.
2. An expected increase in oral health insurance coverage and favorable government efforts could contribute to market growth.
3. Technological advancements and increasing investments by companies in emerging markets are expected to propel growth.
4. Mergers and acquisitions for development and commercialization of products will likely drive the market in upcoming years.
5. The cloud-based dental practice management software segment is projected to grow at the fastest rate due to its flexibility, disaster recovery systems, automatic updates, security, environment-friendly features and ability to establish competition.
6. Key market players include Henry Schein, Patterson Companies, Carestream Dental, Curve Dental, DentiMax, Practice Web, NextGenHealthcare Information Systems and ACE Dental Software.
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Here are six key takeaways:
1. In 2018, North America dominated the market due to favorable government initiatives, local key players, a growing geriatric population and high oral healthcare expenditure.
2. An expected increase in oral health insurance coverage and favorable government efforts could contribute to market growth.
3. Technological advancements and increasing investments by companies in emerging markets are expected to propel growth.
4. Mergers and acquisitions for development and commercialization of products will likely drive the market in upcoming years.
5. The cloud-based dental practice management software segment is projected to grow at the fastest rate due to its flexibility, disaster recovery systems, automatic updates, security, environment-friendly features and ability to establish competition.
6. Key market players include Henry Schein, Patterson Companies, Carestream Dental, Curve Dental, DentiMax, Practice Web, NextGenHealthcare Information Systems and ACE Dental Software.
More articles on dental:
Colorado dentist abruptly closes office, patients unable to get refunds, records
How the Georgia Dental Association is fighting the opioid crisis
Texas dentist office to pay $20K to settle pregnancy discrimination suit