Practice Management Systems Market Report by Component (Software, Services), Product (Integrated, Standalone), Deployment Mode (Web-based, On-premises, Cloud-based), End User (Physician Back Office, Pharmacies, Diagnostic Laboratories, and Others), and Region 2024-2032
The global practice management systems market size reached US$ 17.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.65% during 2024-2032.
A practice management system (PMS) refers to software that handles the daily operations of healthcare organizations. It efficiently manages healthcare data, patient scheduling, medical billing tasks, and referral policies. It also lowers the administrative burden, thereby allowing healthcare professionals to focus on quality care. With the paradigm shift in healthcare systems, PMS assists in processing patient data through computer software and systems like Software-as-a-Service (SaaS). The continual influx of patient data following the diagnosis of the disease is carefully stored and maintained in the long run. Moreover, the integration of electronic medical records (EMR) with PMS is facilitating an inclusive data management system. Recently, PMS has gained traction as this system increases the efficiency of current medical practices and institutions, saves time and resources, and provides high returns on investment.
Practice Management Systems Market Trends:
The global practice management system market is primarily driven by the various advantages offered by PMS. It helps lower operational costs and reduces the overall cost of healthcare. It also condenses healthcare delivery costs by promoting evidence-based patient care and health plans, improving management strategies, and consolidating the system. Moreover, PMS focuses on reducing administration errors by combining lucrative reimbursement policies. Besides this, the growing demand for patient-centric care approach and the availability of cloud-based PMS, especially in emerging economies, is also contributing to the market growth. Other factors, including the development of mobile apps that offer PMS solutions, the growing demand for automation and intelligent software solutions, increasing investments for upgrading healthcare facilities across the globe, are expected to drive the market further in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global practice management systems market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, product, deployment mode and end user.
Breakup by Component:
Software
Services
Breakup by Product:
Integrated
Standalone
Breakup by Deployment Mode:
Web-based
On-premises
Cloud-based
Breakup by End User:
Physician Back Office
Pharmacies
Diagnostic Laboratories
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accumedic Computer Systems Inc., AdvantEdge Healthcare Solutions (Health Prime International LLC), Allscripts Healthcare Solutions Inc., Athenahealth Inc., CareCloud Inc., Cerner Corporation (Oracle Corporation), eClinicalWorks, General Electric Company, Greenway Health LLC, Henry Schein Inc., McKesson Corporation and NextGen Healthcare Inc.
Key Questions Answered in This Report:
How has the global practice management systems market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global practice management systems market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the product?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global practice management systems market and who are the key players?
What is the degree of competition in the industry?
A practice management system (PMS) refers to software that handles the daily operations of healthcare organizations. It efficiently manages healthcare data, patient scheduling, medical billing tasks, and referral policies. It also lowers the administrative burden, thereby allowing healthcare professionals to focus on quality care. With the paradigm shift in healthcare systems, PMS assists in processing patient data through computer software and systems like Software-as-a-Service (SaaS). The continual influx of patient data following the diagnosis of the disease is carefully stored and maintained in the long run. Moreover, the integration of electronic medical records (EMR) with PMS is facilitating an inclusive data management system. Recently, PMS has gained traction as this system increases the efficiency of current medical practices and institutions, saves time and resources, and provides high returns on investment.
Practice Management Systems Market Trends:
The global practice management system market is primarily driven by the various advantages offered by PMS. It helps lower operational costs and reduces the overall cost of healthcare. It also condenses healthcare delivery costs by promoting evidence-based patient care and health plans, improving management strategies, and consolidating the system. Moreover, PMS focuses on reducing administration errors by combining lucrative reimbursement policies. Besides this, the growing demand for patient-centric care approach and the availability of cloud-based PMS, especially in emerging economies, is also contributing to the market growth. Other factors, including the development of mobile apps that offer PMS solutions, the growing demand for automation and intelligent software solutions, increasing investments for upgrading healthcare facilities across the globe, are expected to drive the market further in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global practice management systems market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, product, deployment mode and end user.
Breakup by Component:
Software
Services
Breakup by Product:
Integrated
Standalone
Breakup by Deployment Mode:
Web-based
On-premises
Cloud-based
Breakup by End User:
Physician Back Office
Pharmacies
Diagnostic Laboratories
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accumedic Computer Systems Inc., AdvantEdge Healthcare Solutions (Health Prime International LLC), Allscripts Healthcare Solutions Inc., Athenahealth Inc., CareCloud Inc., Cerner Corporation (Oracle Corporation), eClinicalWorks, General Electric Company, Greenway Health LLC, Henry Schein Inc., McKesson Corporation and NextGen Healthcare Inc.
Key Questions Answered in This Report:
How has the global practice management systems market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global practice management systems market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the product?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global practice management systems market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL PRACTICE MANAGEMENT SYSTEMS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY COMPONENT
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY PRODUCT
7.1 Integrated
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Standalone
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY DEPLOYMENT MODE
8.1 Web-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-premises
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cloud-based
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY END USER
9.1 Physician Back Office
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Pharmacies
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Diagnostic Laboratories
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 MARKET BREAKUP BY REGION
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT ANALYSIS
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 VALUE CHAIN ANALYSIS
13 PORTERS FIVE FORCES ANALYSIS
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Accumedic Computer Systems Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 AdvantEdge Healthcare Solutions (Health Prime International LLC)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Allscripts Healthcare Solutions Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Athenahealth Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 CareCloud Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Cerner Corporation (Oracle Corporation)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 eClinicalWorks
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 General Electric Company
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Greenway Health LLC
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Henry Schein Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 McKesson Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 NextGen Healthcare Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL PRACTICE MANAGEMENT SYSTEMS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY COMPONENT
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY PRODUCT
7.1 Integrated
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Standalone
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY DEPLOYMENT MODE
8.1 Web-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-premises
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cloud-based
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY END USER
9.1 Physician Back Office
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Pharmacies
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Diagnostic Laboratories
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 MARKET BREAKUP BY REGION
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT ANALYSIS
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 VALUE CHAIN ANALYSIS
13 PORTERS FIVE FORCES ANALYSIS
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Accumedic Computer Systems Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 AdvantEdge Healthcare Solutions (Health Prime International LLC)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Allscripts Healthcare Solutions Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Athenahealth Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 CareCloud Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Cerner Corporation (Oracle Corporation)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 eClinicalWorks
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 General Electric Company
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Greenway Health LLC
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Henry Schein Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 McKesson Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 NextGen Healthcare Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
