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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

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    Report

  • 137 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5633184
The global practice management systems market size reached US$ 17.1 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 33.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2023-2032.

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:

The report 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?

Table of Contents

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
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$), 2018-2023
Figure 3: Global: Practice Management Systems Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Practice Management Systems Market: Breakup by Component (in %), 2023
Figure 5: Global: Practice Management Systems Market: Breakup by Product (in %), 2023
Figure 6: Global: Practice Management Systems Market: Breakup by Deployment Mode (in %), 2023
Figure 7: Global: Practice Management Systems Market: Breakup by End User (in %), 2023
Figure 8: Global: Practice Management Systems Market: Breakup by Region (in %), 2023
Figure 9: Global: Practice Management Systems (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Practice Management Systems (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Practice Management Systems (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Practice Management Systems (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Practice Management Systems (Integrated) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Practice Management Systems (Integrated) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Practice Management Systems (Standalone) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Practice Management Systems (Standalone) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Practice Management Systems (Web-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Practice Management Systems (Web-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Practice Management Systems (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Practice Management Systems (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Practice Management Systems (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Practice Management Systems (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Practice Management Systems (Physician Back Office) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Practice Management Systems (Physician Back Office) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Practice Management Systems (Pharmacies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Practice Management Systems (Pharmacies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Practice Management Systems (Diagnostic Laboratories) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Practice Management Systems (Diagnostic Laboratories) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Practice Management Systems (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Practice Management Systems (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: North America: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: North America: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: United States: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: United States: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Canada: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Canada: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Asia-Pacific: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Asia-Pacific: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: China: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: China: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Japan: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Japan: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: India: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: India: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: South Korea: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: South Korea: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Australia: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Australia: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Indonesia: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Indonesia: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Germany: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Germany: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: France: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: France: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: United Kingdom: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: United Kingdom: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Italy: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Italy: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Spain: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Spain: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Russia: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Russia: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Latin America: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Latin America: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Brazil: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Brazil: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Mexico: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Mexico: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Middle East and Africa: Practice Management Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Middle East and Africa: Practice Management Systems Market: Breakup by Country (in %), 2023
Figure 79: Middle East and Africa: Practice Management Systems Market Forecast: Sales Value (in Million US$), 2024-2032
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
List of Tables
Table 1: Global: Practice Management Systems Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Practice Management Systems Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Practice Management Systems Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 4: Global: Practice Management Systems Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 5: Global: Practice Management Systems Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Practice Management Systems Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Practice Management Systems Market: Competitive Structure
Table 8: Global: Practice Management Systems Market: Key Players

Companies Mentioned

  • 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
  • NextGen Healthcare Inc.

Methodology

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Table Information