Practice Management Systems Market
Practice Management Systems Market Forecasts to 2028 – Global Analysis By Product (Integrated, Standalone), Component (Hardware, Services, Software), End User (Diagnostic Laboratories, Hospitals) and By Geography
According to Stratistics MRC, the Global Practice Management Systems Market is accounted for $297.36 million in 2020 and is expected to reach $623.65 million by 2028 growing at a CAGR of 9.7% during the forecast period. Rising incidences of medication errors, firm government support in the form of incentives, and high return on investment are the major factors propelling the market growth. However, high maintenance expenses, interoperability issues, concerns regarding data privacy, and lack of awareness about software in emerging nations are hampering the market growth.
Practice management system (PMS) helps manage the daily operations of an organization. They enable co-ordination in organizational tasks and process through improved workflows. Practice management systems allow healthcare professionals to focus on offering quality care by lowering the administrative burden. Moreover, the solution automates day-to-day patient activities, leading to increased efficiency, productivity, and profitability. Integrated practice management solutions allow physician to share and connect to electronic health records enabling generation of full analyzed patient report.
Based on delivery mode, the cloud-based segment is estimated to have a lucrative growth due to its lower installation cost than the on-premises systems and this software eradicates the need for in-house maintenance, which is expected to be the prime factor driving their increasing demand. This delivery model makes the software prominently flexible, regarding scalability or pay-as-you-go storage utilization. It simplifies and consolidates storage resources to scale back costs and enhance workflow, by eliminating departmental silos of clinical information. The cloud vendor provides all the off-premise system support resources. The cloud infrastructure also guarantees true disaster recovery and business continuity solutions, to support the quality of patient care. Hence, cloud-based services are expected to continue to witness a significant demand.
By geography, North America is going to have a lucrative growth during the forecast period due to the rising geriatric population and presence of better healthcare infrastructure in the region. Government funding is likely to speed up the adoption of medical practice management by healthcare providers and change the way players operate, across the sector. Hence, the increasing adoption of a patient-centric approach by healthcare payers, the need to increase the efficiency of current medical practices and institutions, time and resources saving in the long run, and high return on investments are the major factors driving the market in the region during the forecast period.
Some of the key players profiled in the Practice Management Systems Market include Allscripts Healthcare Solutions, Inc., Athena Health, Cerner Corporation, Epic, eClinicalWorks, GE Healthcare, McKesson Corporation, Medical Information Technology, Inc., Nextgen Healthcare Information System, LLC., Henry Schein, Inc, MEDITECH, Greenway Medical, MediTouch, AdvantEgde Healthcare Solutions, and Practice Fusion.
Products Covered:
• Integrated
• Standalone
Delivery Modes Covered:
• Cloud-based
• On-premises
• Web-based
Components Covered:
• Hardware
• Services
• Software
End Users Covered:
• Diagnostic Laboratories
• Hospitals
• Pharmacists
• Physicians
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Practice Management Systems Market, By Product
5.1 Introduction
5.2 Integrated
5.3 Standalone
6 Global Practice Management Systems Market, By Delivery Mode
6.1 Introduction
6.2 Cloud-based
6.3 On-premises
6.4 Web-based
7 Global Practice Management Systems Market, By Component
7.1 Introduction
7.2 Hardware
7.3 Services
7.4 Software
7.4.1 Desktop-only
7.4.2 Client-server
7.4.3 Internet-based
8 Global Practice Management Systems Market, By End User
8.1 Introduction
8.2 Diagnostic Laboratories
8.3 Hospitals
8.4 Pharmacists
8.5 Physicians
9 Global Practice Management Systems Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Allscripts Healthcare Solutions, Inc.
11.2 Athena Health
11.3 Cerner Corporation
11.4 Epic
11.5 eClinicalWorks
11.6 GE Healthcare
11.7 McKesson Corporation
11.8 Medical Information Technology, Inc.
11.9 Nextgen Healthcare Information System, LLC.
11.10 Henry Schein, Inc
11.11 MEDITECH
11.12 Greenway Medical
11.13 MediTouch
11.14 AdvantEgde Healthcare Solutions
11.15 Practice Fusion
List of Tables
1 Global Practice Management Systems Market Outlook, By Region (2019-2028) ($MN)
2 Global Practice Management Systems Market Outlook, By Product (2019-2028) ($MN)
3 Global Practice Management Systems Market Outlook, By Integrated (2019-2028) ($MN)
4 Global Practice Management Systems Market Outlook, By Standalone (2019-2028) ($MN)
5 Global Practice Management Systems Market Outlook, By Delivery Mode (2019-2028) ($MN)
6 Global Practice Management Systems Market Outlook, By Cloud-based (2019-2028) ($MN)
7 Global Practice Management Systems Market Outlook, By On-premises (2019-2028) ($MN)
8 Global Practice Management Systems Market Outlook, By Web-based (2019-2028) ($MN)
9 Global Practice Management Systems Market Outlook, By Component (2019-2028) ($MN)
10 Global Practice Management Systems Market Outlook, By Hardware (2019-2028) ($MN)
11 Global Practice Management Systems Market Outlook, By Services (2019-2028) ($MN)
12 Global Practice Management Systems Market Outlook, By Software (2019-2028) ($MN)
13 Global Practice Management Systems Market Outlook, By Desktop-only (2019-2028) ($MN)
14 Global Practice Management Systems Market Outlook, By Client-server (2019-2028) ($MN)
15 Global Practice Management Systems Market Outlook, By Internet-based (2019-2028) ($MN)
16 Global Practice Management Systems Market Outlook, By End User (2019-2028) ($MN)
17 Global Practice Management Systems Market Outlook, By Diagnostic Laboratories (2019-2028) ($MN)
18 Global Practice Management Systems Market Outlook, By Hospitals (2019-2028) ($MN)
19 Global Practice Management Systems Market Outlook, By Pharmacists (2019-2028) ($MN)
20 Global Practice Management Systems Market Outlook, By Physicians (2019-2028) ($MN)
21 North America Practice Management Systems Market Outlook, By Country (2019-2028) ($MN)
22 North America Practice Management Systems Market Outlook, By Product (2019-2028) ($MN)
23 North America Practice Management Systems Market Outlook, By Integrated (2019-2028) ($MN)
24 North America Practice Management Systems Market Outlook, By Standalone (2019-2028) ($MN)
25 North America Practice Management Systems Market Outlook, By Delivery Mode (2019-2028) ($MN)
26 North America Practice Management Systems Market Outlook, By Cloud-based (2019-2028) ($MN)
27 North America Practice Management Systems Market Outlook, By On-premises (2019-2028) ($MN)
28 North America Practice Management Systems Market Outlook, By Web-based (2019-2028) ($MN)
29 North America Practice Management Systems Market Outlook, By Component (2019-2028) ($MN)
30 North America Practice Management Systems Market Outlook, By Hardware (2019-2028) ($MN)
31 North America Practice Management Systems Market Outlook, By Services (2019-2028) ($MN)
32 North America Practice Management Systems Market Outlook, By Software (2019-2028) ($MN)
33 North America Practice Management Systems Market Outlook, By Desktop-only (2019-2028) ($MN)
34 North America Practice Management Systems Market Outlook, By Client-server (2019-2028) ($MN)
35 North America Practice Management Systems Market Outlook, By Internet-based (2019-2028) ($MN)
36 North America Practice Management Systems Market Outlook, By End User (2019-2028) ($MN)
37 North America Practice Management Systems Market Outlook, By Diagnostic Laboratories (2019-2028) ($MN)
38 North America Practice Management Systems Market Outlook, By Hospitals (2019-2028) ($MN)
39 North America Practice Management Systems Market Outlook, By Pharmacists (2019-2028) ($MN)
40 North America Practice Management Systems Market Outlook, By Physicians (2019-2028) ($MN)
41 Europe Practice Management Systems Market Outlook, By Country (2019-2028) ($MN)
42 Europe Practice Management Systems Market Outlook, By Product (2019-2028) ($MN)
43 Europe Practice Management Systems Market Outlook, By Integrated (2019-2028) ($MN)
44 Europe Practice Management Systems Market Outlook, By Standalone (2019-2028) ($MN)
45 Europe Practice Management Systems Market Outlook, By Delivery Mode (2019-2028) ($MN)
46 Europe Practice Management Systems Market Outlook, By Cloud-based (2019-2028) ($MN)
47 Europe Practice Management Systems Market Outlook, By On-premises (2019-2028) ($MN)
48 Europe Practice Management Systems Market Outlook, By Web-based (2019-2028) ($MN)
49 Europe Practice Management Systems Market Outlook, By Component (2019-2028) ($MN)
50 Europe Practice Management Systems Market Outlook, By Hardware (2019-2028) ($MN)
51 Europe Practice Management Systems Market Outlook, By Services (2019-2028) ($MN)
52 Europe Practice Management Systems Market Outlook, By Software (2019-2028) ($MN)
53 Europe Practice Management Systems Market Outlook, By Desktop-only (2019-2028) ($MN)
54 Europe Practice Management Systems Market Outlook, By Client-server (2019-2028) ($MN)
55 Europe Practice Management Systems Market Outlook, By Internet-based (2019-2028) ($MN)
56 Europe Practice Management Systems Market Outlook, By End User (2019-2028) ($MN)
57 Europe Practice Management Systems Market Outlook, By Diagnostic Laboratories (2019-2028) ($MN)
58 Europe Practice Management Systems Market Outlook, By Hospitals (2019-2028) ($MN)
59 Europe Practice Management Systems Market Outlook, By Pharmacists (2019-2028) ($MN)
60 Europe Practice Management Systems Market Outlook, By Physicians (2019-2028) ($MN)
61 Asia Pacific Practice Management Systems Market Outlook, By Country (2019-2028) ($MN)
62 Asia Pacific Practice Management Systems Market Outlook, By Product (2019-2028) ($MN)
63 Asia Pacific Practice Management Systems Market Outlook, By Integrated (2019-2028) ($MN)
64 Asia Pacific Practice Management Systems Market Outlook, By Standalone (2019-2028) ($MN)
65 Asia Pacific Practice Management Systems Market Outlook, By Delivery Mode (2019-2028) ($MN)
66 Asia Pacific Practice Management Systems Market Outlook, By Cloud-based (2019-2028) ($MN)
67 Asia Pacific Practice Management Systems Market Outlook, By On-premises (2019-2028) ($MN)
68 Asia Pacific Practice Management Systems Market Outlook, By Web-based (2019-2028) ($MN)
69 Asia Pacific Practice Management Systems Market Outlook, By Component (2019-2028) ($MN)
70 Asia Pacific Practice Management Systems Market Outlook, By Hardware (2019-2028) ($MN)
71 Asia Pacific Practice Management Systems Market Outlook, By Services (2019-2028) ($MN)
72 Asia Pacific Practice Management Systems Market Outlook, By Software (2019-2028) ($MN)
73 Asia Pacific Practice Management Systems Market Outlook, By Desktop-only (2019-2028) ($MN)
74 Asia Pacific Practice Management Systems Market Outlook, By Client-server (2019-2028) ($MN)
75 Asia Pacific Practice Management Systems Market Outlook, By Internet-based (2019-2028) ($MN)
76 Asia Pacific Practice Management Systems Market Outlook, By End User (2019-2028) ($MN)
77 Asia Pacific Practice Management Systems Market Outlook, By Diagnostic Laboratories (2019-2028) ($MN)
78 Asia Pacific Practice Management Systems Market Outlook, By Hospitals (2019-2028) ($MN)
79 Asia Pacific Practice Management Systems Market Outlook, By Pharmacists (2019-2028) ($MN)
80 Asia Pacific Practice Management Systems Market Outlook, By Physicians (2019-2028) ($MN)
81 South America Practice Management Systems Market Outlook, By Country (2019-2028) ($MN)
82 South America Practice Management Systems Market Outlook, By Product (2019-2028) ($MN)
83 South America Practice Management Systems Market Outlook, By Integrated (2019-2028) ($MN)
84 South America Practice Management Systems Market Outlook, By Standalone (2019-2028) ($MN)
85 South America Practice Management Systems Market Outlook, By Delivery Mode (2019-2028) ($MN)
86 South America Practice Management Systems Market Outlook, By Cloud-based (2019-2028) ($MN)
87 South America Practice Management Systems Market Outlook, By On-premises (2019-2028) ($MN)
88 South America Practice Management Systems Market Outlook, By Web-based (2019-2028) ($MN)
89 South America Practice Management Systems Market Outlook, By Component (2019-2028) ($MN)
90 South America Practice Management Systems Market Outlook, By Hardware (2019-2028) ($MN)
91 South America Practice Management Systems Market Outlook, By Services (2019-2028) ($MN)
92 South America Practice Management Systems Market Outlook, By Software (2019-2028) ($MN)
93 South America Practice Management Systems Market Outlook, By Desktop-only (2019-2028) ($MN)
94 South America Practice Management Systems Market Outlook, By Client-server (2019-2028) ($MN)
95 South America Practice Management Systems Market Outlook, By Internet-based (2019-2028) ($MN)
96 South America Practice Management Systems Market Outlook, By End User (2019-2028) ($MN)
97 South America Practice Management Systems Market Outlook, By Diagnostic Laboratories (2019-2028) ($MN)
98 South America Practice Management Systems Market Outlook, By Hospitals (2019-2028) ($MN)
99 South America Practice Management Systems Market Outlook, By Pharmacists (2019-2028) ($MN)
100 South America Practice Management Systems Market Outlook, By Physicians (2019-2028) ($MN)
101 Middle East & Africa Practice Management Systems Market Outlook, By Country (2019-2028) ($MN)
102 Middle East & Africa Practice Management Systems Market Outlook, By Product (2019-2028) ($MN)
103 Middle East & Africa Practice Management Systems Market Outlook, By Integrated (2019-2028) ($MN)
104 Middle East & Africa Practice Management Systems Market Outlook, By Standalone (2019-2028) ($MN)
105 Middle East & Africa Practice Management Systems Market Outlook, By Delivery Mode (2019-2028) ($MN)
106 Middle East & Africa Practice Management Systems Market Outlook, By Cloud-based (2019-2028) ($MN)
107 Middle East & Africa Practice Management Systems Market Outlook, By On-premises (2019-2028) ($MN)
108 Middle East & Africa Practice Management Systems Market Outlook, By Web-based (2019-2028) ($MN)
109 Middle East & Africa Practice Management Systems Market Outlook, By Component (2019-2028) ($MN)
110 Middle East & Africa Practice Management Systems Market Outlook, By Hardware (2019-2028) ($MN)
111 Middle East & Africa Practice Management Systems Market Outlook, By Services (2019-2028) ($MN)
112 Middle East & Africa Practice Management Systems Market Outlook, By Software (2019-2028) ($MN)
113 Middle East & Africa Practice Management Systems Market Outlook, By Desktop-only (2019-2028) ($MN)
114 Middle East & Africa Practice Management Systems Market Outlook, By Client-server (2019-2028) ($MN)
115 Middle East & Africa Practice Management Systems Market Outlook, By Internet-based (2019-2028) ($MN)
116 Middle East & Africa Practice Management Systems Market Outlook, By End User (2019-2028) ($MN)
117 Middle East & Africa Practice Management Systems Market Outlook, By Diagnostic Laboratories (2019-2028) ($MN)
118 Middle East & Africa Practice Management Systems Market Outlook, By Hospitals (2019-2028) ($MN)
119 Middle East & Africa Practice Management Systems Market Outlook, By Pharmacists (2019-2028) ($MN)
120 Middle East & Africa Practice Management Systems Market Outlook, By Physicians (2019-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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