Market Overview:
The global market for Global Practice Management System is expected to grow at a CAGR of XX% and reach a value of US$XX million by 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into web-based, cloud-based and on-premise. Cloud-based Global Practice Management Systems are expected to grow at a higher CAGR than other types during the forecast period. On the basis of application, physicians are expected to account for the largest share followed by pharmacists, diagnostic labs and others in 2018. However, diagnostic labs are projected to grow at highest CAGR during 2018–2030 owing to increasing demand for laboratory services across regions.
Product Definition:
A Practice Management System (PMS) is a software application that helps medical professionals manage their patient data, appointments, records and billing. The importance of a PMS lies in its ability to automate many of the tasks that physicians and other healthcare providers face on a daily basis. This can include tracking patient visits, maintaining electronic health records (EHRs), ordering prescriptions and managing billing. By automating these processes, PMS can help healthcare providers focus on delivering quality care to their patients.
Web-Based:
The web-based software is used to share information across multiple practice sites and is the most significant growth factor in the market. The software can be used on computers at home, at office or public library, thereby increasing its popularity among users. In addition, it offers benefits such as easy access to patient records from any location and improved efficiency of care delivery which further boosts its demand in this market.
Cloud-Based:
Cloud-based software is a type of software service that provides functionality to clients through the internet. It helps in storing data on the server and allows multiple users to access it from different locations. The major advantage of using cloud-based services is that there are no additional costs associated with them, unlike traditional on-premise solutions where there are always some maintenance and support fees included in the price.
Application Insights:
The other application segment includes the market for non-clinical as well as clinical practices. The growing need to improve patient satisfaction, reduce healthcare expenditure and ensure better care delivery is expected to drive the Practice Management System (PMS) adoption in this segment over the forecast period.
The physicians¢â‚¬â„¢ practice management system accounted for a revenue share of more than 40% in 2017 owing to increasing demand from hospitals and other healthcare facilities for efficient PMS implementation. Furthermore, an increase in number of patients seeking medical advice online has led to increased usage of web-based systems by general practitioners and family doctors across various geographies. This trend is expected continue over the forecast period thereby driving overall global PMS industry growth during 2018 - 2030 timescale.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to factors such as increasing adoption of GME and growing healthcare IT investment by companies. Furthermore, high demand for advanced practice models and an increase in number of managed care organizations are also contributing toward regional growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure, rising prevalence of chronic diseases, and increasing demand for cost-effective services among patients. In addition, economic development coupled with government initiatives aimed at improving primary care services delivery may also drive market growth over the next eight years.
Growth Factors:
- Increasing demand for automation in healthcare sector
- Rising need to manage patient data and medical records efficiently
- Proliferation of digital health technologies and services
- Growing number of small clinics and physician practices
- Emergence of cloud-based practice management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Practice Management System Market Research Report
By Type
Web-Based, Cloud-Based, On-Premise
By Application
Physicians, Pharmacists, Diagnostic Labs, Other
By Companies
Allscripts Healthcare Solutions, Eclinicalworks, Cerner Corporation, Athenahealth, Vitera Healthcare Solutions, EPIC, GE Healthcare, Nextgen Healthcare Information System, Mckesson Corporation, Medical Information Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Practice Management System Market Report Segments:
The global Practice Management System market is segmented on the basis of:
Types
Web-Based, Cloud-Based, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Physicians, Pharmacists, Diagnostic Labs, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allscripts Healthcare Solutions
- Eclinicalworks
- Cerner Corporation
- Athenahealth
- Vitera Healthcare Solutions
- EPIC
- GE Healthcare
- Nextgen Healthcare Information System
- Mckesson Corporation
- Medical Information Technology
Highlights of The Practice Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Web-Based
- Cloud-Based
- On-Premise
- By Application:
- Physicians
- Pharmacists
- Diagnostic Labs
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Practice Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A practice management system (PMS) is a software application that helps healthcare providers manage their clinical practices. PMSs typically include features to track patient data, manage billing and insurance claims, and communicate with patients and other healthcare professionals.
Some of the key players operating in the practice management system market are Allscripts Healthcare Solutions, Eclinicalworks, Cerner Corporation, Athenahealth, Vitera Healthcare Solutions, EPIC, GE Healthcare, Nextgen Healthcare Information System, Mckesson Corporation, Medical Information Technology.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Practice Management System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Practice Management System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Practice Management System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Practice Management System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Practice Management System Market Size & Forecast, 2020-2028 4.5.1 Practice Management System Market Size and Y-o-Y Growth 4.5.2 Practice Management System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Web-Based
5.2.2 Cloud-Based
5.2.3 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Physicians
6.2.2 Pharmacists
6.2.3 Diagnostic Labs
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Practice Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Practice Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Web-Based
9.6.2 Cloud-Based
9.6.3 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Physicians
9.10.2 Pharmacists
9.10.3 Diagnostic Labs
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Web-Based
10.6.2 Cloud-Based
10.6.3 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Physicians
10.10.2 Pharmacists
10.10.3 Diagnostic Labs
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Web-Based
11.6.2 Cloud-Based
11.6.3 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Physicians
11.10.2 Pharmacists
11.10.3 Diagnostic Labs
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Web-Based
12.6.2 Cloud-Based
12.6.3 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Physicians
12.10.2 Pharmacists
12.10.3 Diagnostic Labs
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Web-Based
13.6.2 Cloud-Based
13.6.3 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Physicians
13.10.2 Pharmacists
13.10.3 Diagnostic Labs
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Practice Management System Market: Competitive Dashboard
14.2 Global Practice Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allscripts Healthcare Solutions
14.3.2 Eclinicalworks
14.3.3 Cerner Corporation
14.3.4 Athenahealth
14.3.5 Vitera Healthcare Solutions
14.3.6 EPIC
14.3.7 GE Healthcare
14.3.8 Nextgen Healthcare Information System
14.3.9 Mckesson Corporation
14.3.10 Medical Information Technology