Global Dental Practice Management Software Market Features
Market analysts forecast the global dental practice management software market to grow at a CAGR of 10.2% during the period 2016-2020.
Market Press Release – December 31, 2016 6:23 am
New Announces the Publication of its Research Report – Global Dental Practice Management Software Market 2016-2020|
Company recognizes the following companies as the key players in the global dental practice management software market: ACE Dental, Carestream Health, Curve Dental, Datacon Dental Systems, DentiMax, Henry Schein, MacPractic, MOGO, and Practice-Web.
Other Prominent Vendors in the market are: ABELDent, ADSTRA Systems, Axex Dental, Dentisoft Technologies, EZ 2000, Gaargle Solutions, iDentalSoft, Patterson Dental Supply, Planet DDS, Quality Systems, Suzy Systems, Total Dental, Umbie Dentalcare, and XLDent.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing focus on detailed and customized reporting. Reporting has become an essential part of dental practice management to get meaningful insights into the practice of the dental care. Dentists do not want to guess when it comes to making business decisions for their practices. Thus, like many other successful business owners, they rely on the reporting capabilities of their software systems to give them real numbers and data, which can help them gauge the health of their practices.”
According to the report, one of the major drivers for this market is increasing need to maximize chair time utilization. In dental practice, maximizing chair time utilization is the key driver of success. The optimum utilization of chair time by the dentists to treat more patients, results in higher revenue and improved profits. The well-organized use of chair time can raise revenue by more than 8% and profits by more than 25%.
Further, the report states that one of the major factors hindering the growth of this market is data security and privacy. The transitioning of dental practices into the digital age is exciting, but the challenges of protecting data are getting even more complex. For instance, in 2015, malware such as crypto-ransomware was used by hackers to extort money from some dentists in exchange for the hacked patient records. Thus, the dental practices must ensure the safety of patient data and use only malware free computers, laptops, and flash drives in their practice environment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For more information, visit: https://www.marketresearchzone.com/Global-Dental-Practice-Management-Software-Market-2016-2020/187997
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