Sellbyville, DE -- (SBWIRE) -- 05/28/2019 -- Global Dental Practice Management Software Market is set to exceed USD 2.4 billion by 2024; according to a new research report by Global Market Insights. Increasing geriatric population worldwide will act as high impact rendering driver for dental practice management software (DPMS) market growth. As per World Population Prospects data, the aging patient base aged 60 years and above is predicted to be more than double by 2050. Rising number of elderly patient pool suffering from dental disorders will result in industry expansion.

Growing awareness and increasing focus on oral health in developed economies will augment demand for dental practice management solutions in future. Various initiatives and awareness programs conducted by several organizations have contributed to create high awareness to cater the ever-increasing need for quality dental care. Increasing burden of dental diseases globally, leads to rise in healthcare expenditures. Rising need for implementation of cost containment measures to curtail escalating healthcare costs will boost adoption of dental practice management solutions by the dentists in the coming few years.

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The development of Dental Practice Management Software Market is continuously being supported by huge venture capital investments and technology-friendly initiatives by governments. Recently, a prominent dental practice management platform, iDentalSoft received considerable investment through a new round of funding led by FCA Venture Partners. iDentalSoft, formed in California, is a secure cloud-based DPMS platform that assists in improving clinical efficiency, streamline workflow and optimize production. It allows fast access to patient schedules, details, treatment plans, x-rays, billing and credit card payments among other tools, displaying the tremendous utility of DPMS in reducing the administrative workload of dentists.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Allscripts
- Carestream Dental
- Curve Dental, Inc.
- Datacon Dental Systems, Inc.
- DentiMax
- Dovetail - Dental Software
- Epic Systems Corporation
- Henry Schein Canada Inc.
- Patterson Companies, Inc.
- Quality Systems, Inc

Investment activities of such nature have enabled the influx of innovations in the industry fueled by the government mandates, like the Health Information Technology for Economic and Clinical Health Act (HITECH Act) introduced by the U.S. The act encourages expansion of healthcare IT infrastructure and has subsequently helped the dental practice management software market in the U.S. Being one of the most technologically advanced country, the U.S. has been a vital base for startup companies that want to design DPMS products. Owing to the cutting-edge healthcare services provided in the country and increasing geriatric populace with dental ailments, the U.S. dental practice management software market dominated the overall industry accruing a revenue of USD 450.7 million in 2017.

Speaking of enhanced DPMS, it is necessary to consider its assistance in bearing the security aspect of a dental practice, as numerous government health agencies have specific legislations for data protection. For instance, Ontario's Personal Health Information Protection Act requires data storage facilities to be locked with limited and authorized access using ID cards. As such, the latest services in the dental practice management software industry are generally cloud-based, where a physical server is not required to be present at the practice. A cloud server enables automatic data backup and protection, and its lifetime cost is considerably lower than a complete desktop system that requires timely maintenance with essential features to be added separately.

A succinct outline of the regional DPMS industry: U.S. to be a pivotal investment hub

Currently, North America dental practice management software market, powered by the U.S., is one of the most remunerative regional markets of this fraternity. The region is witnessing rapid healthcare IT infrastructure developments and utility of tablets and mobile related solutions. U.S. is set to witness a soaring adoption of dental practice management software with the expanding healthcare IT sector. U.S. dental practice management software industry size, as per estimates, was pegged at SD 450.7 million in 2017 and is projected to emerge as a dominant market over 2018-2024, registering its name as the leading country contributing to North America business space. The contributions of the Health Information Technology for Economic and Clinical Health Act, which has allocated USD 25 billion to encourage the adoption of advanced technology and software in healthcare is also favoring the regional trends.

Asia Pacific dental practice management software industry is anticipated to register a modest CAGR over 2028-2024, driven by China, Japan, and India. Several other regions including South Korea, Australia, and Singapore are at the forefront with regards to adopting advanced technologies and healthcare IT solutions. With growing deployment of quality healthcare IT infrastructure in the emerging economies, APAC dental practice management software is further anticipated to witness high growth potential over the coming years.

A report compiled by Global Market Insights, Inc., states that the global dental practice management software market is undergoing tremendous changes with the advent of digital health technologies, developments pertaining to healthcare IT, and mandates established by the government. A favorable political scenario and reimbursement policies such as Medicaid & Medicare coupled with the presence of various associations such as ADA & EDA are also positively strengthening the growth of dental practice management software industry. With growing number of regional and global players, dental practice management software industry is touted to witness a fiercely competitive landscape in the years ahead.

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Dental practice management software market 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Component trends
2.1.3. Delivery mode trends
2.1.4. Regional trends

Chapter 3. Dental Practice Management Software market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Rising global geriatric population
3.3.1.2. Greater awareness and focus on oral health in U.S. and Europe
3.3.1.3. Rising need for cost containment
3.3.1.4. Accelerating technological advances in developed regions
3.3.1.5. Rising government and venture capital funding

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Data Tables

Table 1. Dental practice management software industry 3600 synopsis, 2013 – 2024
Table 2. Global dental practice management software market, 2013 - 2024 (USD Million)
Table 3. Global dental practice management software market, by component, 2013 - 2024 (USD Million)
Table 4. Global dental practice management software market, by delivery mode, 2013 - 2024 (USD Million)
Table 5. Global dental practice management software market, by region, 2013 - 2024 (USD Million)
Table 6. Industry impact forces
Table 7. North America geriatric population (Over 60 Years), 2012 – 2022 (Million)
Table 8. Europe geriatric population (Over 60 Years), 2012 – 2022 (Million)
Table 9. Asia geriatric population (Over 60 Years), 2012 – 2022 (Million)
Table 10. Latin America geriatric population (Over 60 Years), 2012 – 2022 (Million)