Europe Dental Practice Management Software Market is expected to reach US$ 1,048.8 Million by 2027

PRESS RELEASE BY The Insight Partners 06 Aug 2021

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Web-based Delivery Mode Segment has the Largest Share of Delivery Mode in the Europe Dental Practice Management Software Market during 2020–2027

According to The Insight Partners market research study on “Europe Dental Practice Management Software Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Delivery Mode, and Component” is expected to reach US$ 1,048.8 million by 2027 from US$ 518.3 million in 2020. The market is estimated to grow at a CAGR of 10.6% from 2020 to 2027. The report provides trends prevailing in the Europe Dental practice management software market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the rising prevalence of dental diseases and growing geriatric population. However, the market is expected experiencing slow growth during the forecast period owing to the limited reimbursements and high costs of dental procedures.

Among all European countries, Spain, Italy, Germany, France, and the UK are most affected due to the increasing number of coronavirus cases and deaths associated with it. For instance, dental treatment has been on the rise in the UK for several years. The Association of Dental Implantology estimated over 130,000 individual implants procedures to be performed in the UK in a year. According to NHS spending data, in 2016-17, there were 42,911 hospital procedures performed to remove multiple teeth from patients aged 18 and under. According to NHS estimates, between 2016 and 2018, more than 22 million patients were diagnosed or treated by a dentist in the UK. Additionally, 64% of surgical procedures were postponed, and more than half have had follow-up appointments rescheduled. Therefore, it is likely to positively affect the Europe dental practice management software market due to the abovementioned points.

The market for dental practice management software market is segmented into delivery mode and component. Based on the delivery mode, in 2019, the web-based segment held the largest share of the market whereas the cloud-based segment is expected to dominate the market share with the fastest CAGR during the forecast period. The growth of digital segment is due to growing adoption of technologies by dental clinics and hospital. Therefore, due to large force of acceptance it is likely to grow in the forecast period. However, the cloud-based delivery mode segment is also anticipated to witness the growth at a significant rate during the forecast period, 2020 to 2027 owing to benefits such as, easy and efficient management of the patient flow as well as maintaining a track of the procedures being conducted in a dental clinic or a hospital.

Carestream Dental, LLC, Epic Systems Corporation, Henry Schein, Inc., and Patterson Dental Supply, Inc. are among the leading companies in the Europe Dental practice management software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in October 2018, Carestream Dental launched ePayments Secure that enables oral surgery practices to accept all the latest payment types, including chip debit/credit, Apple Pay, Google Pay and Samsung Pay.    

The market for dental practice management software market is segmented into delivery mode, component, and geographically. Based on delivery mode, the market is bifurcated into web-based delivery mode, cloud-based delivery mode, and on-premise delivery mode. Based on component, the market is segmented into scheduling software, patient communication software, invoice/billing software, insurance management software, and other components. Geographically, the dental practice management software is segmented into Asia Pacific (Germany, UK, France, Spain, Italy, and Rest of Europe).

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