Dental Practice Management Software Market Research Report – Forecast to 2027

Dental Practice Management Software Market Research Report: By Deployment, By Application, By End-User and Region – Forecast to 2027

ID: MRFR/HCIT/5045-HCR | August 2022 | Region: Global | 100 Pages         

Dental Practice Management Software Market

Dental Practice Management Software Market is expected to register a CAGR of 9.9% to reach USD 4.9 billion by 2030

Segmentation

Based on Deployment Mode On Premise Web Based Cloud Based
Based on Application Patient Communication Software Invoice/Billing Software Payment Processing Software Insurance Management Others
Based on End-user Dental Clinics Hospitals Others

Key Players

  • Henry Schein
  • Patterson Companies
  • NextGen Healthcare
  • Carestream Dental LLC (Onex Corporation)
  • Curve Dental
  • DentiMax LLC
  • Practice Web
  • ACE Dental Software
  • Open Dental Software
  • Planet DDS

Drivers

  • Ever-surging demand for quality dental care
  • Surge in technical advancements combined with the escalating use of the solutions
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Dental Practise Management Software Market Overview


The dental practise management software market is expected to reach USD 4.9 Billion by 2030 at 9.9% CAGR (from 2022 to 2030), reveals MRFR (Market Research Future). 


The burgeoning geriatric populace worldwide will be a notable growth rendering factor for the dental practice management software market. The blossoming elderly patient base affected by various dental issues will lead to business expansion. Mounting awareness along with heightened emphasis on oral health in both developing and developed nations will further augment the market demand.


Numerous awareness programs and other initiatives carried out by various organizations contribute to the significant awareness level. The market growth is also dependent on the ever-surging demand for quality dental care. The massive burden of different dental diseases among all the age groups has raised healthcare spending across the globe. Consequently, the rising implementation of cost-effective measures that curtail the high healthcare expenditures could boost the deployment rate of the dental practice management solutions in the years to come. Moreover, the surge in technical advancements combined with the escalating use of the solutions in emerging regions could auger the industry size in subsequent years.


Huge opportunities will emerge in the form of rapid advances in the dentistry field, including the innovations in stand-alone practice management software and integrated EHR/practise management solutions. Growth in venture capital funding along with the rise in supportive government could further propel the market growth. With that said, the shortage in skilled IT professionals can help the dental practice management software firms use these solutions efficiently can impede industry growth.


COVID 19 Analysis:


The COVID widespread has immensely affected several industrial and commercial sectors. On the other hand, the medical sectors were also affected by the pandemic due to disruptions in the supply chain, and transit services. The inflationary risk of the software, development procedures were affected by the pandemic. However, the work-from-home trend, cloud infrastructure, enhanced communication channeling are some of the growth-stimulating factors that have supported the overall growth of the dental practice management software market. 


The business continuity plan was carried out in several industrial sectors; however, some of the medical sectors have lacked the software to carry out the business continuity plans during the pandemic. Such factors are impacting the overall growth of the Dental Practice Management Software industry positively and are expected to compensate for the declining factors like reduced workforce, restrictions in movements.


Market dynamics:


Market drivers:


The implementation of the HITEC act in the US and other countries has affected the health care delivery system and deployment of electronic health care records. The medical professionals who deny using electronic health records were fined. Moreover, the growing geriatric population in several countries is stimulating the dental practice management software market.  


The development of several modules in the Dental Practice Management software sector is increasing the overall growth of the market. The modules that specifically serve purposes like Practice management software, patient communication software solution, treatment planning software, patient education software, dental imaging software, orthodontic modeling software have been increasingly utilized by the medical professionals in recent times owing to the reduction in workforce in several healthcare facilities.


Market opportunities:


The modern medical infrastructure includes modern technology such as X-ray sensors. The traditional medical infrastructures are upgrading themselves to modern technologies in recent times to enhance the overall medical treatment. The advent of digital radiography integrated with the software solutions provides the facility of creating x-ray images of gums, teeth, and oral structures that employ x-ray sensors. Such advancements in the medical corporation have presented lucrative growth opportunities for the Dental practice Management Software industry.


The governmental sectors are increasingly involving in creating awareness to the public regarding oral health which influences overall body health. The Australian government has introduced the Child Dental Benefits schedule which focuses on children ranging from age 2-17 years. The scheme offers various dental procedures and services such as x-rays, cleaning, fissure sealing, filling, root canals, and extractions. Such initiatives are expected to impact the dental practice management software market.


Market restraints:


The reluctant attitude of medical professionals for the utilization of Dental Practice Management Software solutions is considered as the major restraining factor for the overall growth of the dental practice management software market. The reasons for the reluctant attitude are primarily the economic condition of the medical professionals. The investment capacities of several private clinics are significantly lower in developing countries. 


Lack of IT skilled professionals is also considered as the primary hindering factor for the dental practice management software market. Several experts have estimated that there would be a demand-supply imbalance concerning IT professionals shortly. Although the software solutions have provided a basic user interface, several medical professionals are hesitant about the idea.


Market challenges:


The dental health care facility has to prepare for the upfront investments ranging from EUR 400 to 900 thousand in the European countries. The increasing modules in the software solutions require increasing initial investments for the deployment. The costs associated with the high-tech equipment usage also require a significant initial investment.


The lack of insurance coverage for dental health care services is hindering the overall growth of the dental health care services market which influences the growth of the Dental Practice Management Software market growth. On the other hand, lack of awareness among the general public is also adversely affecting the overall growth of the dental practice management software market.


Cumulative growth analysis:


The Dental software solutions help dentists, dental laboratories, research organizations related to dental care to increase their efficiency in providing dental treatment and diagnosis. The advancements in dental equipment concerning x-ray, imaging equipment, Oral camera, cancer screening technology, "waterlase system" are increasing the overall growth of the dental practice management software market. The government initiatives in several countries that provide free screening programs for the low-income adults and young generation to involve in the screening procedures and treatments are impacting the dental practice management software market. The various modules in the software solutions have propelled the medical professionals to deploy the software solutions according to their necessity.


Value chain analysis:


The web-based software solutions are growing in demand over other modules and are expected to hold a market value of over 41%, as the web-based software solutions enable the medical professionals to utilize data from various other devices irrespective of the software being installed in it. Effective management of patient information, drug inventory management, appointments, communication facility, and much more are driving the overall growth of Dental practice Management software market value. Higher security protocols and cloud-based storage have enabled the users to manage data effortlessly, since humongous data gets generated every day in the health care center, the Dental Practice Management software solution is mandatory. 


On the other hand, the National Institute of Aging has declared that over 524 million people have crossed 65 years of age and creates over 8% of the global population in the year 2010. The report has estimated that over 16% of the global population would require dental services by the year 2050.


Hence the increasing geriatric population across several countries and emerging advanced technologies in healthcare equipment are considered as primary driving factors for the Dental practice management software market growth.


Segment overview:


Based on Deployment Mode:



  • On-premise

  • Web-Based

  • Cloud-Based


Based on Application:



  • Patient Communication Software

  • Invoice/Billing Software

  • Payment Processing Software

  • Insurance Management

  • Others


Based on End-user:



  • Dental Clinics

  • Hospitals

  • Others


Regional analysis:


North America is expected to dominate the Dental Practice Management Software Market in the forecast period, owing to the increasing geriatric population and several governmental and non-governmental organizations that have come forward to create awareness and financially support oral health care practices and treatments. Several states in the United States are providing over 22 preventive screening procedures covered under medical insurances and low-income adults for emergency dental health care procedures. It was estimated that over 830,000 patients (or several visits) were recorded for emergency dental care procedures.


On the other hand, Asia-pacific is also projecting steady growth in the Dental Practice Management Software market outlook, owing to the favorable government initiatives and emerging key market players. Increasing geriatric population and governmental organizations have introduced sustainable development goals which help in multiple sectors and provide the necessary support to various sectors in the society while utilizing the sustainable resources to develop the region. 


Competitive landscape:



  • 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. 


Recent Developments:


February 2022


Carestream Dental’s Software-as-a-Service, Sensei Cloud is launching new features that could allow dentists to foster their practices and offer improved and more effective patient care. These new features can be plugged into a virtual cloud environment and will help the existing software by elevating the product line that will now include Sensei Imaging, which is a cloud-based dental imaging system.


February 2022


Dataphiles, the software solutions firm has expanded its alliance with Infobip, the cloud communications provider by deploying the latter’s complete SaaS portfolio to offer patients dental experiences across various channels such as SMS, email, and LiveChat. Infobip’s Answers, an advanced chatbot-building solution will also be used to allow the dental practices to connect with customers through sophisticated automation.


Report overview:


This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4.9 Billion
  CAGR   9.9%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units    Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors and Trends
  Segments Covered   Deployment, Application, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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 Market Opportunities   Rapid advances in the dentistry field, including the innovations in stand-alone practice management software and integrated EHR/practise management solutions
  Key Market Drivers   Ever-surging demand for quality dental care,Surge in technical advancements combined with the escalating use of the solutions


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