Practice Management System Market Scope
The practice management system is used to operate healthcare and medical practices. The practice management system market has high growth prospects owing to growth in the healthcare industry worldwide. Further, technological advancement in the practice management system and increasing government initiative boosting the market growth. Moreover, rising demand from the developing economies expected to drive the demand for the practice management system over the forecasted period.
According to AMA, the Global Practice Management System market is expected to see growth rate of 7.86%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Practice Management System market throughout the predicted period.
Allscripts Healthcare Solutions, Inc. (United States), Athenahealth, Inc. (United States), Cerner Corporation (United States), Epic (United States), GE Healthcare (United Kingdom), Greenway Medical (United States) and MEDITECH (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are McKesson Corporation (United States) and NextGen Healthcare Information System LLC (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Practice Management System market by Type (Integrated and Standalone) and Region with country level break-up.
On the basis of geography, the market of Practice Management System 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).
Market Trend
- Emphasizing On Integrating Healthcare System
- Increasing Application of Cloud-Based Practice Management System
Market Drivers
- Growing Healthcare Infrastructure in the Developing Economies
- Increasing Government Initiatives to Support Practice Management System
Opportunities
- Growing Demand for Patient-Centric Care Approach in Healthcare Industry
- Rising Demand from the Developing Economies
Restraints
- High Cost & Time Associated With Practice Management System
- Lack of Skilled Professionals to Adopt New Technology
Challenges
- Data Privacy and Security Concerns
Key Target Audience
Potential Investors, Associations and Industrial Bodies, Government and Research Organizations, Research and Consulting Firms and Others