The medical practice management software (MPMS) market is expected to grow by USD 894.49 million, accelerating at a CAGR of over 6% during the forecast period. Download Free Sample Report
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Technavio has announced its latest market research report titled Global Medical Practice Management Software (MPMS) Market 2020-2024 (Graphic: Business Wire)
The increasing need for maximizing chair-time utilization is one of the major factors propelling market growth. However, the threat from open-source MPMS will hamper market growth.
Chair-time is the amount of time spent by patients in a doctor's clinic during examination or treatment. The effective utilization of chair-time helps doctors treat more patients, which results in higher revenues and improved profits. However, factors such as failure-to-attend, short notice cancellations, and unreserved chair-time are challenging the effective utilization of chair-time in hospitals. Hence, hospitals are increasingly adopting MPMS to overcome such challenges. For instance, MPMS is backed with features such as automated calls, which help in efficient appointment booking. The feature sends out reminder messages to patients about their next appointments and confirms their booking by filtering replies. This saves time and eliminates the need for routine calls to every patient, thereby ensuring effective utilization of chair-time.
More details: Report Page Link
Global Medical Practice Management Software Market: End-User Landscape
Based on the end-user, the hospitals segment is going to have a lucrative growth during the forecast period. The growth of the segment is driven by the increasing adoption of MPMS by hospitals to streamline their day-to-day operations. In addition, the rising need for efficient management of patient records and compliance is fueling the growth of the segment.
Global Medical Practice Management Software Market: Deployment Landscape
Based on the end-user, the cloud-based segment will have lucrative growth during the forecast period. The growth of the segment is driven by the advantages of cloud-based solutions over on-premise solutions. Besides, the availability of pay as per the use and subscription models are contributing to the growth of the segment.
Global Medical Practice Management Software Market: Geographic Landscape
By geography, North America is going to witness lucrative growth during the forecast period due to the growth of personalized and affordable healthcare systems in the region. In addition, the increasing implementation of IT services in the healthcare sector is driving the growth of the medical practice management software market in North America.
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Companies Covered
- AdvancedMD Inc.
- Allscripts Healthcare Solutions Inc.
- athenahealth Inc.
- Cerner Corp.
- Computer Programs and Systems Inc.
- Epic Systems Corp.
- General Electric Co.
- Greenway Health LLC
- McKesson Corp.
- MTBC Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, 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
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Hospitals Market size and forecast 2019-2024
- Diagnostic laboratories Market size and forecast 2019-2024
- Physicians Market size and forecast 2019-2024
- Pharmacists Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- Cloud-based Market size and forecast 2019-2024
- On-premises Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AdvancedMD Inc.
- Allscripts Healthcare Solutions Inc.
- athenahealth Inc.
- Cerner Corp.
- Computer Programs And Systems Inc.
- Epic Systems Corp.
- General Electric Co.
- Greenway Health LLC
- McKesson Corp.
- MTBC Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
For more information about this report visit https://www.technavio.com/report/medical-practice-management-software-market-industry-analysis
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200902005041/en/
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