Integration of Artificial Technology and Partnerships in the region Would propel the growth of the Dental Practice Management Software Market in the North America Region!
- Himanshu Patni
- May 16, 2023
- HEALTHCARE, NEWS
- Dental Practice Management Software Market Analysis, Dental Practice Management Software Market Growth, Dental Practice Management Software Market Outlook, Dental Practice Management Software Market Share, Dental Practice Management Software Market Size, Dental Practice Management Software Market Trends
- 0 Comments
The dentistry industry is rapidly evolving over time and has been growing at a significant rate to ensure the delivery of high-quality products. The dentistry industry is undergoing a comprehensive digitalization process, with development in areas such as Artificial Intelligence (AI), biotech software, and 3D printing. Amongst these, Artificial intelligence (AI) has had an increasingly profound impact on dentistry over the last few years, with AI technologies widely implemented in a wide range of dentistry specialties. AI-based technology has the power to assist the dental profession when it comes to diagnostics, radiographic interpretation, the analysis of facial growth in orthodontia along with analysis of oral cancer. Additionally, AI has the potential to radically enhance diagnosis and transform dental patient care These developments are shaping up the future of dentistry. They are helping dentists and dental technicians to deliver high-quality care. Furthermore, the ongoing partnership and collaborations of the dental practice management software companies would drive the market in the forecasting period. For instance, in February 2022, Oxyx dental partnered with Vyne dental to provide a seamless AI cloud-based platform that can communicate between the dental practice and end-user in real-time.
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Dental Practice Management Software Market was valued at USD ~2.5 billion in 2021 & is expected to grow at a CAGR of ~10.5% from 2022-2028. In March 2023, Pearls AI, a dental artificial intelligence company and Carestack a cloud-based dental management company announced the partnership to integrate Pearls second opinion real-time disease detection capabilities within Carestack’s all-in-one practice management system, as well as to extend Carestack’s User access to Pearl’s clinical performance AI platform, practice intelligence. Thus rapid advancement in technology owing to the introduction of AI coupled with the partnership is anticipated to have a positive impact on the dental practice management software market in the forecasting period.
North America Dental Practice Management Software Market Revenue (2020-2028)- USD Mn
On the basis of Application, the market is segmented into Invoice billing, Patient communication, Insurance Management and Others (Payment processing, Appointment scheduling). The Patient communication segment is expected to grow with a high CAGR during the forecast period as a result of a rise in patient acceptance owing to its enhanced feature benefits such as text messages, reminders, and patient satisfaction surveys. Further, the majority of dental practice management software like Dentsoft creates customer profiles based on the information provided by the customers such as demographic location, registration no., contact information, and patient medical history amongst others. These are the elements that are anticipated to fuel the market during the forecast period.
On the basis of End-use, the market is segmented into dental clinics, hospitals, and academics and research institutes. The dental clinics segment would hold the dominant share of the market in 2022. Owning to increase in no. of dental practices. According to Health Policy Institute of American Dentist Association (ADA) report, the projected growth rate of the number of dentists per capita between 2020 and 2040 is 10.4 per cent. Thus the increase in no. of dentists would impact the market growth positively during the forecast period. Furthermore, to ensure the accessibility of oral health services to middle and low-income customers the government has taken initiatives like Medicaid public insurance, the Affordable care act, Early and Periodic Screening, Diagnostic, and Treatment (EPSDT) program. This has increased visits of the customers to dental clinics. According to the U.S. department of health services, under The Patient Protection and Affordable Care Act, the Medicaid expanded states were able to expand Medicaid to adults with incomes below 133% of the federal poverty level (FPL). As a result, nearly 10 million adults gained dental benefits through Medicaid. Thus with the rise in dental practitioners coupled with supporting government initiatives to ensure the accessibility of oral health service to middle and low-income customers. These elements are anticipated to fuel the market during the forecasting period.
Global Dental Practice Management Software Market Segmentation
Market Insight, by Deployment mode
Market Insights, by Application
Market Insights, by End-Use
- Dental clinics
- Hospitals
- Academics and research institute
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- UK
- France
- Germany
- Italy
- Rest of Europe
- APAC
- China
- Japan
- India
- Rest of APAC
- Rest of the World
Top Company Profiles
• Carestream Dental LLC
• CD Newco, LLC
• DentiMax
• NXGN Management, LLC
• Compudent System Inc.
• ACE Dental
• Open Dental Software
• Dentisoft technologies.
• Athenahealth Inc.
• Aerona
