The medical scheduling software market is expected to reach US$ 927.09 million by 2028; registering at a CAGR of 13.4% from 2022 to 2028, according to a new research study conducted by The Insight partners
The report highlights the key factors driving the market growth and prominent players with their developments in the market.
Based on software, the medical scheduling software market is segmented into web-based software and installed software. The web-based software holds the largest market share in the year 2022 and will remain same during the forecasted year. The factor driving the web-based software segment mainly includes the large-scale usage of web-based scheduling software across the healthcare facilities. Based on end user, the market is segmented into hospitals, clinics, and others. In 2022, the hospitals segment accounted for the largest market share. However, the clinics segment is expected to register the highest CAGR from 2022 to 2028.
Report : Medical Scheduling Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Software (Installed Software and Web-Based Software), End User (Hospitals, Clinics, and End User)
Report : Medical Scheduling Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Software (Installed Software and Web-Based Software), End User (Hospitals, Clinics, and End User)Source: The Insight Partners Analysis
Medical scheduling software allows patients to schedule their appointments through online when they are away from the hospitals or clinics. The practice employs the comprehensive system with an integrated patient portal and scheduling software. Common features of a medical scheduling software include, patient registration, appointment reminder services, customizable settings, and patient tracking. The economic and efficient handling of the software has led to increased preference of the software. Growth of the global medical scheduling software market is majorly driven by rising adoption of a patient-centric approach by healthcare providers, the surge in the use of smart devices for monitoring health, and the shortage of nursing staff and doctors. however, security and privacy issues are likely to hamper the market growth.
The COVID-19 pandemic moderately propelled the growth of the medical scheduling software market. according to a report in November 2020 by Organization for Economic Co-operation and Development (OECD), the report says that treatment services in the hospitals for cardiovascular disease, cancer, and diabetes was reduced in the initial phase of COVID-19 infection. Thus, there has been a negative impact on the medical scheduling software market during the first quarter of the COVID-19 period due to the lockdown and limited access to healthcare-related settings. However, post-COVID, there has been a high demand for medical scheduling software owing to the rising demand for online and hospitals appointments for cardiovascular disease, cancer, and diabetes treatment that contributes to the medical scheduling software market’s growth.
TimeTrade, AdvancedMD Inc., Yocale Network Corporation, Voicent Communications Inc., WellSky, Daw Systems Inc., ByteBloc Software, Workpath, Delta Health Technologies Inc., and DHS Worldwide are among the leading companies operating in the global medical scheduling software market.
Various organic and inorganic strategies are adopted by companies operating in the medical scheduling software market. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios. A few of the significant developments by key market players are listed below.
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