What is Therapy Management Software?
Therapy management software in the form of software used by the therapist. The programs seamlessly integrate the full scope of practice operations. It helps in scheduling and documenting the therapy appointments of patients. The therapy management software scheduler includes billing and electronic record, where patient information is recorded in the database. This software is useful for mental health practitioners who can create notes and alerts on each patient. This also helps the patient to view their medical history at a common point. The growing demand for therapy management software from various hospitals and clinics due to the electronic medical records features which make it faster and easier to handle all aspects.
The market study is broken down, by Application (Scheduling, Billing and Documentation) and major geographies with country level break-up.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Therapy Management Software market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SimplePractice (United States), DrChrono (United States), IQware (United Kingdom), OnceLogix, LLC (United States), HealthPRO Heritage (United States), TheraNest (United States), Fresenius Medical Care (Germany), Casamba LLC (United States) and Qualifacts (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Optima Healthcare Solutions, LLC. (United States), ClinicSource (United States), Baylaan Technologies Inc. (Canada), Raintree Systems, Inc. (United States) and Practice Pro (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Therapy Management Software market by Type, Application and Region.
On the basis of geography, the market of Therapy Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Type, the sub-segment i.e. Cloud-Based will boost the Therapy Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Therapy Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Monthly Subscription will boost the Therapy Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals will boost the Therapy Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In October 2019, Better PT, an integrated healthcare technology platform company providing end-to-end digital connectivity between physical therapists (PT), patients, and physicians, has been partnered with PromptEMR, which builds a fully integrated EMR & Practice Management software for the physical therapy industry.
In January 2020, Medtronic plc, a medical device company launched the Efficio software to help clinicians efficiently manage targeted drug delivery therapy with SynchroMed™ II. Efficio connects individual patient measures and dosing trends, which can help clinicians, unlock powerful therapy management insights.
Market Trend
- Easier for Therapists to Communicate with Their Web-Based Clients
- Rising Popularity of Cloud-Based Softwares Which Allows Users to Use it from any Online Device, Which Make it Portable & Efficient
Market Drivers
- Increasing Demand from Various Hospitals and Clinics for Creating Therapy Notes, Billing and Appointment Scheduling
- Therapy Management Softwares are Easy to Use and Easy to Access Healthcare Data of Patients
Opportunities
- Rising Adoption of Therapy Management Software by Private Hospital & Clinics in Developing Countries
- Innovation & Development in Healthcare Technology
Restraints
- Security & Privacy Concerns About the Patients Data
Challenges
- High Price Associated with Therapy Management Software
Key Target Audience
Therapy Management Software Developers, System Integrators, IT & Software Firms, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.