Summary
The global Medical Practice Management Software (PMS) Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Medical practice management software is software used in the healthcare sector for managing medical practices on a daily basis. This software stores collects, organizes and transmits people's health data. This software is used by healthcare professionals for facilitating several tasks, such as preparing periodic reports or booking patient appointments. Medical practice management software has an important role in amalgamating health records along with assisting the practice management process and providing interoperability solutions. Single database platforms cloud platforms and multi-tenant SaaS platforms are also provided by many medical practice management software programs.
Market Drivers:
New advancements in the healthcare sector is estimated to boost the growth of the global medical practice management software PMS market during the forecast period. For instance, a Urology cloud, which is an electronic health record has been released by WRS Health in August 2020. This health record helps in managing practices and maximizing their work. Moreover, increasing funding activities by the government is anticipated to propel growth of the global medical practice management software pms market during the forecast period.
Restraints:
Rising maintenance and support costs are estimated to hamper growth of the global medical practice management software pms market during the forecast period.
Regional Insights:
North America is estimated to witness robust growth in the global medical practice management software pms market over the forecast period, due to increased funding by private and governmental agencies for the development of products. Moreover, Asia Pacific is anticipated to witness significant growth in the global medical practice management software pms market over the forecast period, due to rising incidences of chronic diseases.
Key Players:
Key players active in the global medical practice management software pms market are Allscripts, Greenway Health, AthenaHealth, Insta Health Solutions, AdvancedMD, Cerner Corporation, Aprima Medical Software, CareCloud, Bestosys Solutions, Greenway Health, eClinicalWorks, Virence Health, ChartPerfect, Adroit Infosystems, TotalMD, Henry Schein and MPN Software Systems.
An eye care platform has been launched by NextGen Healthcare in November 2020, this will help in improving the quality of eye care and it will work by combining optical management and practise
The Medical Practice Management Software (PMS) Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Medical Practice Management Software (PMS) Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- AthenaHealth
- Allscripts
- Virence Health
- McKesson Corporation
- Cerner Corporation
- Henry Schein
- eClinicalWorks
- Epic Systems
- Greenway Health
- AdvancedMD
- MPN Software Systems
- Aprima Medical Software
- NextGen Healthcare
- NexTech Systems
- CollaborateMD
- CareCloud
- ChartPerfect
- TotalMD
- Insta Health Solutions
- Bestosys Solutions
- Adroit Infosystems
By Product Type, the market is primarily segmented into:
- Web-based
- On-premise
- Cloud-based
By Applications, the market is segmented into:
- Hospitals
- Diagnostic Laboratories
- Pharmacies
- Other
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Medical Practice Management Software (PMS) Market Report:
- To assess the size of the market by value and volume
- Analyze the Medical Practice Management Software (PMS) Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine the share of the Medical Practice Management Software (PMS) Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Medical Practice Management Software (PMS) Market
The Medical Practice Management Software (PMS) Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Medical Practice Management Software (PMS) Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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