Global Medical Practice Management Software Market Outlook: 2016-2021

LONDON, Sept. 13, 2016 /PRNewswire/ -- Medical practice management software facilitates the efficient functioning of physicians, diagnostic centers, pharmacists, and other small and large health practices by providing structured framework for activities like patient flow management, patient and staff scheduling, insurance billing, claims management, inventory management etc.

The medical practice management software market is mainly driven by the increasing need to curtail growing healthcare costs, rising incidence of medical errors, growing need to adhere to regulatory guidelines, and various government initiatives to promote the use of healthcare IT across the globe. However, the high implementation cost, lack of in house IT domain knowledge, reluctance among end users to adopt new methods, and the data security and interoperability issues limit the growth of the market to some extent.

The global medical practice management software market is mainly segmented by product, mode of delivery, end-user, and geography. The product market is primarily segmented into integrated and standalone software. The market is further segmented by mode of delivery into web-based, on-premise, and cloud based software. The comprehensive end-user analysis is provided in the report by segmenting this market into physicians, diagnostic labs, pharmacies, and other end-users. The physicians practice management software market is further analyzed by practice size into solo practices, small practices (2-10 physicians), medium practices (11-50 physicians), and large sized practices (51 or more physicians). Market size estimates and forecasts for the period 2016 to 2021 have been provided for each segment and its sub-segment, in terms of USD million, calculating growth rates from 2016 to 2021, considering 2015 as the base ear for calculations. The global medical practice management software market is segmented by geography into four major continents namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at a country level to provide the market size and forecast in various countries across the globe.

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