The 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”, 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.
Browse 69 market data tables and 16 figures spread through 173 pages and in-depth TOC on“Medical Practice Management Software Market”
Early buyers will receive 10% customization on this report.
The factors propelling the growth of the market include growing need to integrate healthcare systems, firm government support and increase in patient awareness and better healthcare. On the other hand, the factors restraining the growth of the market include high operational cost and lack of trained IT professionals. The growing interest towards patient-centric care approach, cloud-based PM models along with the emerging markets in Australia, new- Zealand, India, China, and Middle-East present huge opportunities for growth.
Talk to Our Research Analysts for More Info@
The PM system market is segmented into products, components, delivery mode, and end-users. The PM system component market is further segmented into services and software. The services segment accounted for the largest share of the PM component market in 2013 and is estimated to witness higher growth in the next five years. Based on products, the 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 market is categorized into three segments namely, on-premises, web-based, and cloud-based. The web-based segment commanded the largest share of 68.4% of the market in 2013 while the cloud-based model will exhibit the highest growth due to low operational cost and greater data accessibility and flexibility. The PM system market, by end-user 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.
Get The Sample Copy Of This Report:
North America is the largest revenue generator for market, followed by Europe. Both the markets are estimated to register single-digit growth rates for the next five years. Asia projects robust growth outlook during the analysis period owing to the urbanization, huge investment opportunities in these immature markets, and the developing healthcare IT infrastructure in these regions. The growth of the market will be mainly driven by countries such as China, India, Australia, New Zealand and countries in the Middle East.
The major players operating 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).
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Subscribe Reports from Healthcare Domain @ http://www.marketsandmarkets.com/Subscription.html
Unit No. 802, 8th Floor,
Tower - 7, Magarpatta City SEZ,
Hadapsar, Pune – 411013,
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/healthcareit
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets