Cloud-Based Dental Practice Management Software Market Size Is Poised To Reach .5 Billion By 2030Posted by Mrudula Anil Karmarkar on October 9th, 2023 San Francisco, 09 October 2023: The Report Cloud-Based Dental Practice Management Software Market Size, Share & Trends Analysis Report By Application (Patient Communication, Billing & Insurance, Analytics, Treatment Plans), By End Use, By Region, And Segment Forecasts, 2022 - 2030 The global cloud-based dental practice management software market size is expected to reach USD 1.5 billion by 2030, expanding at a CAGR of 11.18% during the forecast period, based on a new report by Grand View Research, Inc. Increasing number of dental practices is a primary factor propelling the market growth. As the number of practices or offices increases, the number of cloud-based dental practice management (DPM) software installations will also grow. In addition, the rising geriatric population, willingness to spend on oral care, especially among baby boomers, and growing awareness about oral care are among factors anticipated to boost the market growth. According to ADA, there were 201,117 practicing dentists in 2020 in the U.S., accounting for an increase of 2.7% from 2015. Many people are graduating from dental institutes and colleges and are opening their clinics. This is increasing the customer base for the market. The projections of ADA suggest that by 2040, there will be 67 dentists per 100,000 population in the U.S., and 67% of the dentists will be less than 55 years of age. As the young population is more inclined toward using software and is ready to learn & adopt the latest cloud technology, an increasing number of young dentists is expected to boost the demand for cloud-based DPM software in the coming years. Rapid technological advancements in the last few decades have been drastically changing the operations in every sector. Oral care services have witnessed a complete transformation over the years from a basic set-up & equipment to advanced equipment, procedures, & way of services. As oral care practices have become large scale, the growing need for practice management has led to the introduction of DPM software into the market. In software, there has been a rapid growth of technology in the last few years, which has resulted in the introduction of advanced options such as cloud-based software. The development and commercialization of new products by key players is likely to drive market growth in the coming years. For instance, in 2020, Tab32 announced the release of an open data warehouse for Dental Service Organizations (DSOs), a new feature in existing software that makes it easy for enterprise DSOs to run standard SQL queries on data lake directly. It also launched a new Tele-Dentistry platform, which creates a smooth online dental consulting experience from video calling with dentists and online appointment booking to billing. The constant growth & trend of healthcare IT is boosting the market, increasing the need for dentists to adapt to advanced technology. However, the onset of the COVID-19 pandemic resulted in a rise in hospitalizations, which was unprecedented for a public health concern. National lockdowns and emergencies were proclaimed in several countries to prevent the virus from spreading further. Most oral health problems and scheduled dentist appointments were considered non-emergent. As a result of the potential for transmission, oral care treatments were put on hold. According to National Health Services England, the number of patients seen by dentists declined by 8% during the pandemic. As a result of COVID-19 extraordinary impact, the new installations of cloud-based dental practice management software declined. Request sample report of Cloud-Based Dental Practice Management Software Market@https://www.grandviewresearch.com/industry-analysis/cloud-based-dental-practice-management-software-market-report/request/rs1 Continuous technical advancements in the sector, favorable government initiatives in the oral healthcare business, and an increasing number of dental practices are factors driving market expansion. The Health Information Technology for Economic and Clinical Health (HITEC) Act encourages and accelerates the use of health information technology in the United States. The HITEC Act was enacted to improve healthcare delivery and offer patients with high-quality services. Cloud-Based Dental Practice Management Software Market Report Highlights
It is expected that the use of healthcare IT systems, particularly by specialized clinics such as dental offices, will boost insurance coverage. These factors are projected to boost demand for oral treatments in the future, necessitating the use of cloud-based dental practice management (DPM) software. Cloud-Based Dental Practice Management Software Market Report Scope
In recent years, oral clinics have seen increased footfall, and this trend is projected to continue. According to the American Dental Association (ADA), there were 201,117 dentists practicing in the United States in 2020. The dentist workforce is predicted to grow rapidly, with 67 dentists per 100,000 people in 2040, according to the American Health Policy Institute. List of Key Players in Cloud-Based Dental Practice Management Software Market
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