Lewes, DE -- (SBWire) -- 06/20/2017 --Report forecast the global medical practice management software market to grow at a CAGR of 8.22% during the period 2017-2021.
MPMS helps to improve and automate every major administrative process in a healthcare institute. Developed for ease-of-use, the solution features convenient accessibility, thereby leveraging the speed of transaction processing and profitability. MPMS manages purchase orders and tracks the inventory requirement efficiently, and maintains the entire supply chain associated with administrative process.
The report covers the present scenario and the growth prospects of the global medical practice management software market for 2017-2021. To calculate the market size, the report considers new installations, sales, and volume of MPMS.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the market is increasing need for maximizing chair-time utilization. In medical practices, maximizing of chair-time utilization is the key driver of success. Chair-time is the amount of time a patient spends in the chair in a doctor's clinic either for examination or treatment. The efficient utilization of chair-time by doctors to treat more patients results in higher revenue and improved profits.
Further, the report states that one challenge in the market is data security and privacy concerns. The transition of medical practice into the digital age is exciting, but the challenges of protecting data are getting more complex. In 2016, malware, such as crypto-ransomware, were used by hackers to extort money from medical professionals in exchange for hacked patient records. The medical practitioner must ensure the safety of patient data and malware-free computers, laptops, and flash drives used in the practice environment.
Global Medical Practice Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global medical practice management software market: Allscripts, Cerner, CPSI, Epic Systems, General Electric Company, and McKesson.
Other Prominent Vendors in the market are: AdvancedMD, athenahealth, CureMD, Greenway Health, MacPractice, MediGain, Meditab, NextGen Healthcare, NueMD, and Practice Fusion.
Market driver
- Increasing need for maximizing chair-time utilization
- For a full, detailed list, view our report
Market challenge
- Data security and privacy concerns
- For a full, detailed list, view our report
Market trend
- Increasing focus on detailed and customized reporting
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages "Global Medical Practice Management Software (MPMS) Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by deployment model, Market segmentation by end-user, Geographical segmentation, Key leading countries, Buying criteria, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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