Dental practice management software is a class of software solutions which helps dentists and healthcare professionals to monitor their day-to-day activities/operations. Major features of the software are online appointment bookings, accounting & report generation, e-billing, insurance claiming, e-prescription facilities & dental imaging, and patient communication.
Integration of Digital Imaging with Dental Practice Management Software
With the introduction of digital radiography and software solutions, the trend of integrating digital imaging capabilities with dental practice management software is gaining significant popularity. The software when integrated with digital imaging helps dentists to create x-ray images of gums, teeth, and study patients’ dental conditions using digital X-rays, and simultaneously perform treatment planning.
Shift towards Cloud-based Software
Todayâ€™s dental practice is moving toward digital integration. The cloud-based software model is expected to grow significantly in the coming years due to its flexibility, affordability, efficiency, security, scalability, user-friendly features, and automatic software updates. Also, browser-based cloud software can be used across multiple locations and platforms, including smartphones, tablets, desktops, windows, android, and apple products, among others.
Market Challenges: Dental Practice Management Software Market
Many dental experts have concerns on the adoption of the new technology as they lack knowledge about digital solutions in the dentistry segment. The price of advanced digital solutions such as scanning and milling devices has been too high and utilization levels are too uncertain to pay off for most individual practice owners. These factors are likely to hamper the market growth.
Geographic Overview: Dental Practice Management Software Market
North America commanded the largest share of the dental practice management software market, followed by Europe and APAC. The large share of North America can be attributed to the increased adoption of digital solutions within dental practices, new regulatory standards, technological advancements in dental practices, and the presence of key market players in the region.
Competitive Landscape Analysis: Dental Practice Management Software Market
Some of the top industry players operating in the dental practice management software market are Carestream Dental, Patterson Companies Inc., Henry Schein Inc., Curve Dental, and Dentimax, among others.
Rising Interest of Private Equity Companies in Dental Practice Management Software Market
Citing the lucrative and emerging growth opportunities in the dental practice management software market, private equity companies are making heavy investments in potentially high-growth areas/companies in this space.
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