Market – Overview
The clinical practice management software market is projected to reach USD 4,852 Million by 2030 at 6.80% CAGR from 2022-2030. As the healthcare sector diversifies at an unprecedented rate, there has been a sharp uptick in the number of softwares available to manage clinical setups. Market Research Future which concentrates on market reports related to the healthcare sector amongst others lately published a report on this industry. The sector is anticipated to grow at an incomparable CAGR rate while expanding with incomparable levels of revenue in the forecast period.
With increase in the number of clinical practices around the word, it has become essential to maintain a more secure source for the storage of patient data. Patient data also needs to be securely saved and should also be easy to share when required. This is not possible with a traditional setup of maintaining records. Increasing influence of IT on different sectors along with the inclusion of medical sector has given rise to softwares to effectively enable clinical practice management.
The market for clinical practice management software globally has been divided on the basis of types which comprises of integrated & standalone. The end users segment includes laboratories, doctors & physicians, pharmacists & others. Finally on the basis of deployment involves on-premises, web-based & cloud-based
The North American region is the main sector for Clinical Practice Management Software. The North American market for this market is projected to develop at an incremental CAGR rate and is projected to reach million dollar growth by the end of the forecasted period. The European market is the second-largest market for in this sector which is projected to grow at a rapid CAGR rate.
Global Competitive Analysis
Diverse products are bound to increase the demand levels of the industry which will lead to speedy growth in the market. The industry is upholding the growth potential of the market through constant ongoing course advances and supporting financial flexibility to spend in the finest strategies when they arise. Due to the lucrative potential of this market, the contenders in the industry are aiming to grow their market portion to a by the usage of major assets to allow growth transformations which will be good for the long run transformation of the sector. This outlook is favorable for the volume driven growth of the sector.
The noteworthy players in the market are Medical Information Technology, Inc., Vitera Healthcare Solutions, EPIC, Nextgen Healthcare, McKesson Corporation, Athenahealth and Kareo.
Explore In-depth Details: Clinical Practice Management Software Market Research Report
Feb 2018 An arrangement for a substantial level of investment has been announced recently by Curve Dental and Battery Ventures who are suppliers of cloud-based dental practice management software. The capital will be utilized to quicken growth, initiate product innovation and deliver world-class customer service. The Curve Dental software enables dentists and their practices to use a web-based system which is modern to manage X-rays and patient charts, billing, front office scheduling and patient engagement.
Jan 2018 ClinicTracker which has a large user base in mental health and substance abuse agencies has launched a new practice management tool called Performance Measurement Reports. The new tool offers alternative ways to make it easy for users to identify where they stand in terms of their responsibilities. The program aids administrators prioritize their operation by observing key performance indicators.
Jan 2018 Kareo who is one of the foremost supplier of cloud-based business and clinical management software for independent medical practices, have passed the 2015 Edition Health IT Certification Criteria. Kareo's electronic health records cover a range of features that aid in significantly reducing provider workload and improve delivery of patient care.