The future growth prospect for the global practice management system market is optimistic and is estimated to grow at a decent CAGR of 8.6%to reach the market size of $247.1 million by 2018. The integrated PM system is the largest segment of this market. However, the cloud-based segment is the fastest growing segment with 12.1% CAGR from 2013-2018.
Burden of escalating care costs, need for integrated care system, and rising federal incentives are expected to positively influence the market growth, while lack of data confidentiality and exorbitant amount of time consumption for integration will hamper the growth momentum. The major challenge prevailing in this industry includes shortage of on-site IT support services.
The emerging markets of Middle East, Australia, New Zealand, China, and India, cloud-based practice management system, and growing demand for patient-centric care approach present several growth opportunities for market participants operating in this arena.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=886
Based on products, the PM system market is divided into integrated and standalone solutions. The integrated PM segment is expected to grow at a decent growth rate owing to government mandates for integration of electronic health records (EHR) with PM system and meaningful use incentive program.
On the basis of delivery mode, the practice management system market is further classified as on-premises, web-based, and cloud-based. The cloud-hosted solutions accounted for the fastest growing segment due to remote accessibility of data and reduced operational costs. By end-user the industry is segmented into physicians, pharmacists, and diagnostic labs. The physician segment accounted for the largest as well as the fastest growing segment of the market in 2013.
Region Covered in Practice Management System Market
The global market is expected to grow at a high single- digit CAGR to reach $247.1 million by 2018. The major factors fueling the growth of this market are high return on investment, growing incidences of medication errors, and firm government support in the form of incentives. However, the lack of data privacy, high maintenance expenses, and interoperability issues are restricting the growth of the practice management system market. The growing inclination towards patient-centric care approach, cloud-based models and emerging markets like Asia (China and India), Middle-East, and Pacific countries (Australia and New Zealand) present significant growth opportunities for the future.
Request for Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=886
Key Players in Practice Management System Market
The key industry participants in the market are Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), Greenway Medical (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.), and NextGen Healthcare Information System LLC (U.S).
According to the new market research report “Practice Management System Market by Components (Software, Services), Delivery Mode (On-Premises/Desktop-Only, Cloud-Based, Web-Based), Products (Integrated, Standalone), & by End-Users (Pharmacist, Physician, Diagnostic Labs) - Global Trends & Forecast to 2018”, published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).The global practice management system market is poised to grow at a high single-digit CAGR from 2013-2018 to reach $247.1 million by 2018.The future growth prospect for the global practice management system market is optimistic and is estimated to grow at a decent CAGR of 8.6%to reach the market size of $247.1 million by 2018.
The integrated PM system is the largest segment of this market.
However, the cloud-based segment is the fastest growing segment with 12.1% CAGR from 2013-2018.Burden of escalating care costs need for integrated care system, and rising federal incentives are expected to positively influence the market growth, while lack of data confidentiality and exorbitant amount of time consumption for integration will hamper the growth momentum.
The major challenge prevailing in this industry includes shortage of on-site IT support services.
The emerging markets of Middle East, Australia, New Zealand, China, and India, cloud-based practice management system, and growing demand for patient-centric care approach present several growth opportunities for market participants operating in this arena.Don’t miss out on business opportunities in Practice Management System Market.Download PDF Brochures - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=886The practice management system market is segmented based on products (integrated and standalone), delivery mode (on-premises, web-based, and cloud-based), components (services and software), end users (physicians, pharmacists, diagnostic labs and others), and geography.Based on products, the PM system market is divided into integrated and standalone solutions.
The integrated PM segment is expected to grow at a decent growth rate owing to government mandates for integration of electronic health records (EHR) with PM system and meaningful use incentive program.On the basis of delivery mode, the practice management system market is further classified as on-premises, web-based, and cloud-based.
SISGAIN renders one of the best hospital information system vendors in Michigan, USA.
With its proper application patients, physicians, hospitals or clinical centers are able to manage the data is a safe and secure way.
With the consistent assistance of our patient management software, the clinical practice board, clinical consideration specialists can chip away at securing a huge load of advantages.
For more info click on the link.
