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Dental Practice Management Software Market 2019-2025 - Henry Schein and Patterson Companies are the Market's Forerunners
DUBLIN, Jan. 23, 2020 /PRNewswire/ -- The "Global Dental Practice Management Software Market (2019-2025)" report has been added to ResearchAndMarkets.com's offering.
The Global Dental Practice Management Software Market size is expected to reach $3 billion by 2025, rising at a market growth of 9.9% CAGR during the forecast period.
Dental practice management software provides the means to administer the daily operations for dentists and other healthcare professionals. The features of these solutions range from scheduling appointments, storing and exchanging information, contact records, and reporting, to charting the dental history, patient notes, and treatment plans. These may also include communication systems for dentistry employees and help with claims for insurance reporting and monitoring. Such tools are used by receptionists and dentists to ensure that their businesses run smoothly and that critical information is stored securely and easily accessible.
The dental field is continually evolving and changing to better meet the needs of the patient. Every year, new trends are emerging in the dental industry. Research shows that groundbreaking in-house and emerging dental developments will be filled in the coming year, including new technologies, better business practices, and new ways to maximize patient experience - and even robo-dentists.
Rapid dental evolution, including the transformation of stand-alone practice management tools into integrated EHR/practice management systems and specialized devices, is expected to stimulate demand. Increasing venture capital funding and support from the government is also expected to fuel global market growth. Market growth can be attributable to ongoing technological advancements in the field, increasing geriatric population worldwide, and successful government initiatives in the oral healthcare industry.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In the North America regional market, the U.S. dominated the software market in dental practice management in 2018 and will see a similar trend in the coming years. Favorable demographic trends may play a role in high growth, such as a rise in elderly patients with oral disease. As a result of the attractive Economic and Clinical Health Act on Health Information Technology (HITECH Act), the rapid expansion of IT healthcare is stimulating market growth. Such factors is expected to encourage the industry to continue to dominate America.
The major strategies followed by the market participants are Partnerships, Collaborations, and Agreements. Based on the Analysis presented in the Cardinal matrix, Henry Schein, Inc. and Patterson Companies, Inc. are some of the forerunners in the Dental Practice Management Software Market.
Recent Strategies Deployed in the Dental Practice Management Software Market
Partnerships, Collaborations, and Agreements
- Dec-2019: Curve Dental announced its partnership with The Dentists Supply Company, an online dental supply company. The partnership has been focused on the utilization of a more modern and technological approach for changing the older and less efficient industry business models.
- Dec-2019: Benco Dental unveiled practice management solution for dental offices powered by Open Dental Software. This new solution has robust offerings including powerful systems, effortless support, etc.
- Nov-2019: Curve Dental teamed up with Weave, the leading patient communication platform. Through this collaboration, the customers of the former company is expected to have access to Weave's collection of communication tools. Curve's practice management software together with Weave enables dental practices and small businesses to communicate effectively and efficiently with customers and patients.
- Aug-2019: Carestream came into partnership with Elite Dental Alliance (ELITE), a premier purchasing platform built for the independent dental practice. The partnership provided exclusive pricing, educational opportunities, and corporate-level service to more than 20,000 dental professionals. These services empower private practices for improving patient care and fueling practice growth.
- Jul-2019: NextGen Healthcare partnered with OptimizeRx, a platform for digital health messaging in the pharmaceutical industry. The partnership enables the users of NextGen Enterprise, a comprehensive suite of technology solutions, with the access of OptimizeRx's real-time cloud-based platform.
- Jan-2019: Henry collaborated with CareCredit, a provider of patient financing. Under this collaboration, CareCredit's financing tool has been integrated into Henry Schein's dental practice management software solutions. The integration offers dental practices more financing options for their patients.
Acquisition and Mergers
- Jul-2019: Henry Schein acquired Elite Computer Italia S.r.L. (Elite), a full-service software company, which delivers state-of-art practice management solutions to dental laboratories and dental practices in Italy. The acquisition complemented Henry Schein One's strategy to deliver integrated technology platforms for helping the dental teams in becoming more productive and improving each stage of the patient experience. The acquisition also helped Henry in expanding its footprint to Italy.
- Mar-2019: Henry together with its Henry Schein One joint venture completed the acquisition of Lighthouse 360, easy-to-use dental practice management and patient communication software provider. The acquisition complemented Henry Schein One's strategy for delivering integrated technology platforms. These platforms helped the dental teams to improve each stage of patient experience and become more productive.
Product Launches and Product Expansions
- Aug-2019: Carestream made new enhancements to CS SoftDent v18, its practice management software. The new enhancements were made for equipping the dental offices with business features they require to practice in this modern landscape.
- Mar-2019: Curve Dental unveiled Curve Business Intelligence, the new module in the Curve cloud platform. The platform integrated the reporting capabilities with dashboards to deliver 50 unique views into the most important operational and financial metrics.
Companies Profiled
- Henry Schein Inc.
- Patterson Companies Inc.
- NextGen Healthcare Inc.
- Carestream Dental LLC (Onex Corporation)
- Curve Dental Inc.
- DentiMax LLC
- Practice Web Inc.
- ACE Dental Software
- Open Dental Software Inc.
- Planet DDS Inc.
Key Topics Covered
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Dental Practice Management Software Market, by Deployment Mode
1.4.2 Global Dental Practice Management Software Market, by Geography
1.5 Methodology for the Research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Market Analysis
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2019-Dec - 2015-Dec) Leading Players
Chapter 4. Global Dental Practice Management Software Market by Deployment Mode
4.1 Global Web Based Market by Region
4.2 Global Cloud Based Market by Region
4.3 Global On Premise Market by Region
Chapter 5. Global Dental Practice Management Software Market by Region
5.1 North America Dental Practice Management Software Market
5.2 Europe Dental Practice Management Software Market
5.3 Asia-Pacific Dental Practice Management Software Market
5.4 LAMEA Dental Practice Management Software Market
For more information about this report visit https://www.researchandmarkets.com/r/l82r7i
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