Graphical Research recently introduced a new title, “2018-2024 Asia Pacific Dental Practice Management Software Market Report,” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
The Asia Pacific dental practice management software market is estimated to reach USD 484 million by 2024 due to increasing awareness and emphasis on importance of oral health in those countries. Numerous initiatives are being undertaken to encourage oral check-ups. For instance, World Oral Health Day (WOHD) is observed in Asia Pacific countries in the month of March, wherein several countries including Malaysia and Australia undertake awareness campaigns. Such campaigns will spur adoption of DPMS over the forecast period.
Rapid adoption of technological advanced software solutions will increase market size in foreseeable future. Advancements such as cloud-based software that allows ease of operation and reduces costs will propel its usage among dentists. The expanded use of digital CAD-CAM for dental prosthetics are some of the technological advancements will accelerate Asia Pacific market growth.
Lack of healthcare IT professionals owing to migration of experts to foreign nations may hamper business growth in Asia Pacific.
Cloud-based delivery mode segment will show fastest grow at 16.6% CAGR over the forecast timeframe owing to its cost-effectiveness. Cloud-based software is subscription based, allowing dental practitioners to pay monthly/annual fees. Moreover, it prevents from data theft and offers multiple location access. These benefits will boost segmental share in recent years.
Scheduling module segment accounted for largest market size of USD 38.3 million in 2017. Scheduling is indispensable component of the software as it allows dentists to schedule appointments with patients. Rising demand for this component in DPMS will further aid segmental growth in forthcoming years.
Australia dental practice management software market will witness lucrative 13.3% CAGR. This growth is attributable to increasing government funding coupled with expanding dental care. For instance, the Royal Flying Doctor Service (RFDS) in Australia is estimated to improve the reach of dental services in remote areas. Similarly, the Australian government aims at improving and increasing Medicare policies. In addition, technologically advanced products such as Praktika that is portable DPMS available in Australia will favor regional growth.
Few of the established industry players in Asia Pacific dental practice management software market are Carestream Dental, Curve Dental, Henry Schein and Allscripts Solutions. Firms are adopting partnerships and collaborations for expanding market reach and customer base. For instance, in April 2017, Allscripts and Concentra expanded their collaboration to include the Allscripts Practice Management Software in its product portfolio. This software will enable to improve efficiency, productivity and result into better quality of care to patients, thus increasing company profits.