The competitive landscape of dental clinic management software market is characterized by strategic M&As that reportedly play a pivotal role in enlarging the brand equity and product portfolio of companies. For instance, in the beginning of 2017, LED Dental Limited, a division of LED Medical Diagnostics Incorporation, had declared the acquisition of Apteryx Incorporation, a U.S. based dental software developing firm. The acquisition is projected to help the former establish a leading position in the U.S. dental imaging software industry. Citing yet another instance, at the onset of the third quarter of 2017, Clayton, Dubilier & Rice and CareCapital acquired Carestream Dental LLC, a major player across dental practice management software market. The pact is expected to help the latter expand its business across the dental fraternity.
Data security concerns have become commonplace in dental clinic management industry, which companies have been attempting to tackle in the most optimum way possible. In August 2017, for instance, a segment of the Henry Schein Incorporation – a leading healthcare service provider & product manufacturer, to sell its HIPAA software to the latter. The software will undeniably help Henry Schein to offer new products to medical practitioners for addressing the compliance issues of patients related to their personal data security. Henry Schein’s precedence is likely to encourage numerous other firms across dental clinic management software market to follow suit and address data security concerns.
The report titled “Dental Practice Management Software Market Size By Component, By Deployment Mode, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” has been published by Global Market Insights. To understand the industry better, request a sample of this report @ https://www.gminsights.com/request-sample/detail/463
Dental practice management software market has established its footprints firmly across principal geographies. Asia Pacific dental clinic management software industry, for instance, has considerably strengthened its foothold in this business, subject to the fact that this region encompasses a rapidly rising geriatric population. Robust improvement in the healthcare facilities across the region, owing to the introduction of advanced healthcare IT solutions will also substantially influence APAC dental practice management software market, slated to record a CAGR of 13.2% over the coming six years. China, Singapore, India, Japan, Australia, and South Korea are likely to be the major revenue contributors.
With the U.S. being a highly advanced healthcare hub, North America dental clinic management software market is likely to emerge as a pivotal revenue pocket for the global industry over 2016-2023. The United States has a strict regulatory framework in place that mandates certain norms related to the healthcare sector, further aiding the expansion of North America dental clinic management software market. In addition, government funds for encouraging the adoption of such software will also help propel the regional business. Say for instance, as per the HITECH Act, close to USD 25 billion has been allocated to enable the adoption of dental software and expand the healthcare IT domain.
As technological advancements in the field of dentistry soar high and the demand for electronic health records increases, dental clinic management software market is anticipated to chart out a lucrative growth path in the years ahead. As per Global Market Insights, Inc., dental practice management software market size has been projected to surpass USD 2 billion by 2023.