PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504967
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504967
The global dental practice management software market size is expected to reach USD 5.24 billion by 2032, according to a new study by Polaris Market Research. The report "Dental Practice Management Software Market Share, Size, Trends, Industry Analysis Report, By Deployment Mode (On-premise, Web-based, Cloud-based); By Application; By End Use; By Region; Segment Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Dental practice management software is gaining utility in the global market due to its extensive functionality. The rising technological advancements in multiple sectors are showing the enormous potential of artificial intelligence in managing automotive activities effortlessly. This software is used for patient appointments, transaction management, insurance management, and many more by dental clinics.
Developing countries are witnessing significant demand for dental services with the ongoing trend of dental tourism, driven by lower treatment costs. According to UnitedHealthcare, in 2024, the demand for tele-dentistry is growing significantly. The number of people witnessing gum diseases accounts for nearly 50% among 30-year-old adults, and this is expected to reach 70% among 65 and older people. This increasing demand for online dental practice is driving the use of dental practice management software in the market.
The growing expansion activities of dental practice management software providers are optimally driving market growth. For instance, in March 2024, Volsoft Corporation completed the acquisition of TDO (The Digital Office) Software, an endodontic practice management software.
The rising number of software upgrades, coupled with increased research activities on dental software, is further boosting the development of new technology in the marketplace. For instance, in December 2023, Yapi introduced a dental appointment reminder system in its Yapi Leap software, aiming to enhance patient communication for dental treatment.
The ability to save time for patients and healthcare providers with automatic appointments and treatment planning is driving numerous installations around the world. Rising measures to enhance productivity and efficiency by dental hospitals and clinics are creating demand for dental practice management software in the global market. For instance, in June 2023, Weave entered a partnership with the DSN to introduce new software integration to its dental offices, with a view to streamlining the productivity and efficiency of its office with increasing appointments.
The significant rise in product enhancements with the use of technological evolution is positively influencing the dental practice management software market. For instance, in March 2023, Pearl and CareStack joined forces to introduce new software upgrades to CareStack's practice management with the use of Pearl's AI capabilities.
Web-based segment is anticipated to witness the highest growth due to its extensive storage capacity and remote access to the patient data.
Insurance management segment held the largest share, owing to the rise in number of people opting for dental health insurance policies.
APAC is projected to register the fastest growth during the forecast period, attributable to the presence of a larger population with dental abnormalities.
The global players include ACE Dental Software, Carestream Dental, CD Newco, Datacon Dental Systems, DentiMax, Henry Schein, & Nextgen Healthcare.
Polaris Market Research has segmented the dental practice management software market report based on deployment mode, application, end use, and region: