Market Trends of Dental Practice Management Software Industry
Web-based is Expected to Hold Significant Share in the Current Market of Delivery Mode Segment
On-premises dental practice management software is deployed on a local network in the office. For instance, the system is installed on an in-house server and uses the office's computer resources. Furthermore, on-premises dental software provides more control over security, as the entire software and database of patients remain on-site, and the office has full control over it. The on-premise software is utilized internally and within the IT infrastructure of a dental organization. Software installed and used by computers inside a building or organization is known as on-premises software. With the increasing dental visits, utilization of on-premise software across dental organizations, and the rising investment in the adoption of healthcare IT, the segment is expected to witness growth over the forecast period. For instance, as per the report published in March 2023 by the Australian Institute of Health and Welfare, the Patient Experience Survey 2021-22 (ABS 2022) found that for people aged 15 and over, it is estimated nearly half (49%) visited a dental professional in the last 12 months, and of those who needed to and saw a dental professional, the majority (57%) visited more than once in the last 12 months. Thus, increased dental visits increased demand for web-based dental practice management software, driving the market's growth.
The companies are actively involved in new product launch developments and collaborations to expand their footprint, which is expected to drive segmental growth. For instance, in June 2021, Curve Dental partnered with Dental Intelligence to receive access to LocalMed, a web-based scheduling system. This partnership aimed to make it easier for dental businesses to use Curve Dental's practice management software, which allows patients to confirm appointments virtually.
Thus, the above factors will likely contribute to the segment's growth over the analysis period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period in the Forecast Period
North America is expected to hold a significant market share in the dental practice management software market due to the rising prevalence of dental disease and high disposable income in this region. According to the American Cancer Society, in 2022, approximately 54,000 Americans are estimated to be diagnosed with oral cavity or oropharyngeal cancer in the United States. Also, according to the ADA, in January 2022, there were around 201,927 professionally active dentists in the United States. The increasing number of dentists in the country is expected to increase demand for dental practice management software. Furthermore, according to the data published by the Canadian Dental Association, in September 2022, there are approximately 25,500 licensed dentists in Canada in 2022, representing 65 dentists for every 100,000 Canadians. They are operating in roughly 16,000 dental offices in Canada. Thus, the increasing number of dentists is expected to propel the studied market growth in the region.
Moreover, several companies are continuously working on approval for dental lasers, which is also one of the driving factors for market growth. For example, in October 2021, Curve Dental added text-to-pay and self-scheduling functionality to its GRO patient engagement module. Through the partnership with Global Payments Integrated, Curve GRO provided practices with the ability to have their patients opt-in to receive a text message containing their current balance and due date with reminders. Thus, because of the factors above, the dental practice management software market is expected to grow tremendously in North America over the forecast period because of the aforementioned factors.
Therefore, the abovementioned factors are expected to drive market growth in the region during the forecast period.
