Dental Software Market Overview:
The concept of a dental software is to make the dentists job easier and increase the efficiency. Oral healthcare in aging people and rise in expenses related to oral healthcare has increased the demand for better solutions. Integrated software with the ability to appoint schedules, reminder services, period charting, tooth charting, payment, electronic health records are a boon to the dental market because of its ability to streamline the process extensively. Currently, there are three forms of the software – on premise, web and cloud based. Cloud based integration has been growing at a fast rate owing to its flexibility, disaster recovery, environment friendly nature and ability to provide multi security features. Web based integration was dominating up until 2015 before the cloud phenomenon took over, however, because of its first-mover advantage, dental firms still opt for this format.
Dental Software Market Size:
The global dental software market was valued at USD 1.6 billion in 2015, and expected to reach at USD 4.1 billion by 2027 growing at a CAGR of 8.0% during the forecast period 2015 to 2027.
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Dental Software Market Growth Factors, Drivers and Restraints:
Technological advancement in the field has brought about a comfortable increase in better medication and oral healthcare. Recently, a firm RecordLinc, a dental practise management software company launched a patient to patient dentist referral software. It offers patients a way to submit their word of mouth referrals using texting, email and social media. This has effectively helped patients select their dentists personally. Thus, with the influx of technology and innovation, enhanced procedure quality and other features the world of dentistry continues to move ahead and higher in the coming years.
Dental Software Market Geographical Segmentation:
Geographically, the market is concentrated in North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America dominated the market owing to the strict government regulations, presence of multiple key players and growing geriatric population. It holds about 48.75% of the market share. Asia Pacific is a fast-growing market with growing concerns for oral health and better loving standards on a rise. It is estimated to grow at a CAGR of 8.8% over the forecast period. Middle East and Africa is also expected to grow at a CAGR of 8.3%.
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Key Players of Dental Software Market:
Some big market players are ACE Dental Software; Carestream Dental; Curve Dental Inc., DentiMax, LLC; Henry Schein Inc.; Patterson Companies Inc.; Practice Web Inc.; NextGenHealthcare Information Systems LLC; and others. These firms supply not just for dental care, but also hospitals that incorporate other healing practises as well.
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