Overview of Practice Management System (PMS) Market on the current scenario and future trends that will disrupt the growth of the industry Key Players Allscripts Healthcare Solutions, Inc. Henry Schein MicroMD, Athenahealth, Inc.
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Organizations use Practice Management System (PMS) to manage their daily operations. PMS can effectively manage healthcare data, patient scheduling, billing process and referral policies in the healthcare industry. PMS is often synchronized with electronic medical record (EMR) or electronic health record (EMR) software to improve hospital management. Rising investments in the healthcare IT sector are expected to provide lucrative growth opportunities for players in the global practice management systems (PMS) market. The use of PMS is increasing in several emerging economies to simplify operations and improve healthcare facilities.
Taxonomy of Global Practice Management System (PMS) Market:
The Global Practice Management System (PMS) Market is segmented into:
- By type of software:
- Desktop software only – intended for a single or a few computers sharing access
- Client-server software – allows multiple users to share and access data, and
- Internet-based software – requires separate server for operation
- By delivery platform:
- On the site
- By product type:
- By Component:
- Per end user:
- Diagnostic laboratories
- By region:
- North America
- Latin America
- Asia Pacific
- Middle East
Global Practice Management System (PMS) Market: Drivers
Rising hospitalizations due to high incidence of chronic and infectious diseases are expected to drive the growth of the global practice management systems (PMS) market. For example, the World Health Organization (WHO) estimates that there will be approximately 24 million cases of cancer worldwide by 2035.
The geriatric population is prone to cardiovascular diseases. Hence, increasing geriatric population is also expected to drive the growth of the global practice management systems (PMS) market. For example, according to the WHO, the global geriatric population is expected to reach 2 billion by 2050. Additionally, according to the CDC, 20% of the U.S. population will include geriatrics by 2030. The report also states that diseases cardiovascular are the main cause. deaths in the geriatric population in the United States
The rising prevalence of obesity is also expected to drive the growth of the market. Obesity is a major factor that can lead to chronic conditions such as diabetes and cardiovascular disease. According to the Centers for Disease Control and Prevention (CDC) (2016), more than a third of the adult population is obese in the United States. Additionally, the rising incidence of infectious diseases and drug resistance along with increasing hospitalizations have prompted physicians to maintain medication history for patients, which is expected to increase the demand for PMS.
Global Practice Management System (PMS) Market: Constraints
A major factor hindering the growth of the global practice management systems (PMS) market is the high installation cost of PMS. This factor should have a particular impact on the growth of emerging markets.
Global Practice Management System (PMS) Market: Regional Analysis
North America is expected to dominate the global practice management system (PMS) market over the forecast period. This is attributed to the presence of a dense network of hospitals and the complex health service management and insurance systems that exist in the United States. maintain treatment history. Such a scenario leads to high demand for PMS in North America.
The market is witnessing significant growth in major European economies such as the UK, France, Germany, Italy, and Spain. However, the PMS market is still in its introduction phase in Asia-Pacific, Latin America, Africa and the Middle East. This can be attributed to a lower rate of diagnosis and treatment compared to developed regions and the financial challenges associated with deploying expensive software systems.
Global Practice Management System (PMS) Market: Competitive Landscape
Key players operating in the global Practice Management Systems (PMS) market include Henry Schein MicroMD, Athenahealth, Inc., GE Healthcare, NextGen Healthcare Information System LLC, Allscripts Healthcare Solutions, Inc., Greenway Medical AdvantEgde Healthcare Solutions, Practice Fusion, McKesson Corporation, MediTouch and Accumedic Computer Systems.
- Major players in the market are focusing on product launch to expand their product portfolio. For example, in March 2018, Allscripts, a healthcare solutions provider, launched Avenel, the first machine-learning electronic health record (EHR). Avenel is built on the Microsoft Azure cloud and should offer a new approach and mobility to users.
- Major players in the market are focusing on adopting M&A strategies to expand their product portfolio. For example, in July 2019, Henry Schein acquired Elite Computer Italia, an Italy-based dental practice management software company.
- Major market players are also focusing on adopting partnership and collaboration strategies to expand their product portfolio. For example, in March 2019, McKesson Corporation collaborated with Navigating Cancer, to offer an enhanced patient relationship management (PRM) platform for community oncologists.
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Chapter 1 Industry Overview
1.3 Scope of research
1.4 Market Analysis by Regions
1.5 Global Practice Management System (PMS) Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Impact on Practice Management System (PMS) Industry
Chapter 2 Global Practice Management System (PMS) Competition by Types, Applications, and Top Regions and Countries
2.1 Global Practice Management System (PMS) (Volume and Value) by Type
2.3 Global Practice Management System (PMS) (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Practice Management System (PMS) Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Practice Management System (PMS) Market Analysis
Chapter 6 East Asia Practice Management System (PMS) Market Analysis
Chapter 7 Europe Practice Management System (PMS) Market Analysis
Chapter 8 South Asia Practice Management System (PMS) Market Analysis
Chapter 9 Southeast Asia Practice Management System (PMS) Market Analysis
Chapter 10 Middle East Practice Management System (PMS) Market Analysis
Chapter 11 Africa Practice Management System (PMS) Market Analysis
Chapter 12 Oceania Practice Management System (PMS) Market Analysis
Chapter 13 South America Practice Management System (PMS) Market Analysis
Chapter 14 Company Profiles and Key Figures of Practice Management System (PMS) Business
Chapter 15 Global Practice Management System (PMS) Market Forecast (2021-2027)
Chapter 16 Conclusions
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