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Practice Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 139 pages | ID: P13ED06510A0EN
IMARC Group

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Market Overview:

The global practice management systems market size reached US$ 15.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.22% during 2023-2028.

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 2023-2028. 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

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL BONE GROWTH STIMULATOR MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1Bone Growth Stimulation Devices
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Bone Morphogenetic Proteins
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Platelet-Rich Plasma
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1Spinal Fusion Surgeries
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Delayed Union and Nonunion Bone Fractures
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Oral and Maxillofacial Surgeries
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY END USER

8.1Hospitals and Clinics
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Home Care
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1Arthrex Inc.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 SWOT Analysis
  14.3.2DJO Global Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3Elizur Corporation
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4IGEA S.p.A.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5Isto Biologics
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6Ito Co. Ltd.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7Medical Device Business Services Inc. (Johnson & Johnson)
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8Medtronic Plc
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9Orthofix Medical Inc.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10Ossatec Benelux B.V.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11Stryker Corporation
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
  14.3.12Terumo Bct Inc. (Terumo Corporation)
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 SWOT Analysis
  14.3.13Zimmer Biomet
    14.3.13.1 Company Overview
    14.3.13.2 Product Portfolio
    14.3.13.3 Financials
    14.3.13.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Practice Management Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Practice Management Systems Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Practice Management Systems Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 4: Global: Practice Management Systems Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 5: Global: Practice Management Systems Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Practice Management Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Practice Management Systems Market: Competitive Structure
Table 8: Global: Practice Management Systems Market: Key Players

LIST OF FIGURES

Figure 1: Global: Practice Management Systems Market: Major Drivers and Challenges
Figure 2: Global: Practice Management Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Practice Management Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Practice Management Systems Market: Breakup by Component (in %), 2022
Figure 5: Global: Practice Management Systems Market: Breakup by Product (in %), 2022
Figure 6: Global: Practice Management Systems Market: Breakup by Deployment Mode (in %), 2022
Figure 7: Global: Practice Management Systems Market: Breakup by End User (in %), 2022
Figure 8: Global: Practice Management Systems Market: Breakup by Region (in %), 2022
Figure 9: Global: Practice Management Systems (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Practice Management Systems (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Practice Management Systems (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Practice Management Systems (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Practice Management Systems (Integrated) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Practice Management Systems (Integrated) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Practice Management Systems (Standalone) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Practice Management Systems (Standalone) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Practice Management Systems (Web-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Practice Management Systems (Web-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Practice Management Systems (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Practice Management Systems (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Practice Management Systems (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Practice Management Systems (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Practice Management Systems (Physician Back Office) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Practice Management Systems (Physician Back Office) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Practice Management Systems (Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Practice Management Systems (Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Practice Management Systems (Diagnostic Laboratories) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Practice Management Systems (Diagnostic Laboratories) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Practice Management Systems (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Practice Management Systems (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Practice Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Practice Management Systems Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Practice Management Systems Industry: SWOT Analysis
Figure 81: Global: Practice Management Systems Industry: Value Chain Analysis
Figure 82: Global: Practice Management Systems Industry: Porter's Five Forces Analysis


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