Clinical Practice Management Software Market to Grow at 15.2% CAGR Between 2017 and 2023
Market
Overview:
Clinical practice management software
is defined as a healthcare management software that offers a wide range of
application for healthcare management. A new report on the global Clinical Practice Management
Software Market, published by Market Research Future (MRFR), estimates
that this market can earn profits at 15.2% CAGR during the forecast
period (2017-2023).
The most significant market driver for the
global clinical practice management software market is extensive demand of this
software by hospitals and large number. Other market drivers that enable the growth
of the global clinical practice management software market include increasing
role of information technology (IT) in healthcare sector, a large number of
healthcare IT companies providing client-specific or customized software
solutions, burgeoning healthcare sector worldwide, demand for artificial
intelligence (AI)-based intelligent software, availability of user-friendly
software solutions, and improving operations of caregiving facilities. However,
the high cost of this software can cause glitches in the global clinical
practice management software market.
Key
Players
·
Allscripts
·
Cerner
Corporation
·
Cognizant
·
Dell
·
Epic
Systems Corporation
·
GE
Electronic
·
Koninklijke
Philips N.V.
·
McKesson
Corporation
·
Optum
Inc
·
Siemens
Ltd
·
Xerox
Corporation
Market
Segmentation
The segmentation of the global clinical
practice management software market encompasses deployment, end-user, and type.
MRFR’s research on the market highlights many facets of the market in-depth.
The deployment-based segmentation of
this market covers on-premise deployment, web-based deployment, and cloud-based
deployment. By end-user, the market includes clinics, hospitals, laboratories,
pharmacy, and others. By type, the market comprises standalone and integrated.
Regional
Segmentation
A geographical outlining of the global clinical
practice management software market covers North America, Europe, Asia Pacific,
and the Middle East & Africa (MEA).
North America is the largest regional
market due to demand of user-friendly software, extensive use of clinical
practice management software in hospitals, technological advancement, the importance
of electronic medical records, and presence of a many healthcare IT companies
in this region. USA and Canada are the biggest revenue-generating markets in
this region.
Due to increasing demand for patient
management software solutions, Europe is the second-largest and very lucrative
regional market for clinical practice management software. The availability of
advanced medical facilities makes Western Europe is the larger regional market
segment compared to Eastern Europe. Other factors flourishing the market in
this region include the resurging economy, high density of population,
increasing healthcare facilities, availability of advanced medical facilities,
and increased funding in the rising numbers of specialty services (in the medical
sector) offered by various healthcare providers. The biggest contributors to
the market revenue in this region are France, Germany, Italy, Spain, and the
UK. Research on the remaining countries in Western Europe featured in this
report estimate the strong addition to market revenue from various other
countries in this region, along with sizable revenue contribution from Eastern
Europe.
The Asia Pacific region is the fastest-growing
regional market, followed by the MEA region. In this region, the market is
expanding due to increasing awareness about the use of IT in appointment
scheduling, medical billing, and patient management. Other factors propelling
the market growth include rapidly improving economic conditions, high density
of population, market penetration of healthcare technology, and the improving
healthcare sector in this region.
In the MEA region, the market is low.
However, the growth of the market in this region is second highest after the Asia
Pacific region as limited technology and infrastructure exist, and it has
tremendous scope of expansion as most countries do not have it.
Latest
Industry News
AI-enabled data management
software developer Clinithink has forged a partnership with Worcestershire
Health and Care under Global Digital Exemplar (GDE) trust of the UK's National
Health Service (NHS). Under the terms of the partnership, the NHS trust is set
to use Clix Enrich, a clinical natural language processing (CNLP) platform,
developed by Clinithin for children and mental health services. 2
SEP 2019
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