As per the latest report by Graphical Research titled, “Asia Pacific Dental Practice Management Software (DPMS) Market to hit $484.0mn by 2024,” increasing awareness and emphasis on importance of oral health in Asia Pacific countries will stimulate the market growth. 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.
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.
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 or annual fees. Moreover, it prevents data theft and offers multiple location access. These aforementioned benefits will boost segmental share in the near term.
The Australia dental practice management software market will witness 3.3% 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 to improve and increase Medicare policies. In addition, technologically advanced products such as Praktika, offering portable DPMS, will favor regional growth.
Some of the established industry players in the Asia Pacific dental practice management software market are Carestream Dental, Curve Dental, Henry Schein