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Practice Management Systems Market by Product, by Component, by Delivery Mode, by End User, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013 - 2023

  • ID: 4600359
  • Report
  • May 2018
  • Region: Global
  • 143 pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • athenahealth Inc.
  • Cerner Corporation
  • eClinicalWorks LLC
  • Epic Systems Corporation
  • General Electric Company
  • Greenway Health LLC
  • MORE
Global practice management systems market is forecasted to attain revenue of $16.0 billion by 2023.

The market is mainly driven by improving infrastructure and digitalization of healthcare, increasing pressure to curb healthcare costs, and development and sales of value added services.

Insights on market segments

Among the various delivery mode for practice management systems, web-based delivery mode attained the largest share, of 47.5%, in the market, in 2017. This leading position of the category is attributed to its reduced cost and ability to provide access to large data information, that makes it a preferable choice over cloud-based and on premise-based delivery modes.

Among the different component, the demand for practice management software is increasing at a high rate globally. The category held contribution of 58.2% in the practice management systems market in 2017.

Based on product, the practice management systems market is categorized into integrated and standalone systems. Integrated practice management systems accounted for the larger share, with 65.3% contribution in 2017 in the global market.

The end user in the practice management systems market include hospitals, healthcare payers, physician offices, pharmacies and others. Hospitals constituted the largest end user base for practice management solutions, with 35.6% contribution in 2017, globally.

The adoption of practice management systems is expected to witness highest growth in Asia-Pacific

During the forecast period, the practice management systems industry is predicted to witness the fastest growth in demand in Asia-Pacific (APAC), at CAGR of 10.5%, owing to the favorable government reforms and organizations that provide support for the development of patient engagement solutions, EHR, and e-prescription platforms. Moreover, increasing commercialization of patient engagement solutions developed by the global market players is boosting the market demand.

Electronic Health Record (EHR)/Electronic Medical Record (EMR) adoption has been made mandatory for every patient in India. The rules for Clinical Establishments (Registration and Regulation) Act 2010, which were notified in May 2012, made maintenance and provision of EMR/EHR for mandatory for every patient for registration and continuation of every clinical establishment. Furthermore, upward shift in medical expenditure and ample insurance coverage also contribute to the growth of the regional market.

Soaring demand for EHR solutions and revenue cycle management platforms leads to the development of new products

Globally, key players in the practice management systems industry are developing products for revenue cycle management and EHR. For instance, in April 2018, eClinicalWorks announced that Physicians’ Clinic of Iowa (PCI), one of Iowa’s private specialty medical groups, intends to switch to the eClinicalWorks cloud-centric EHR solution for its 84 providers. The EHR solution can improve PCI’s ability to fulfil its growth plans while providing excellent patient care.

In April 2018, eClinicalWorks announced that Waverly Health Center expanded its relationship with the company by transiting from the Paragon Inpatient EHR system to the eClinicalWorks cloud-centric acute care EHR and revenue cycle management platform for its 25-bed Critical Access Hospital. The acute care platform was expected to reduce overall implementation costs while creating unified patient records in inpatient and outpatient communities that ensure the seamless exchange of information.

Some of the other key players operating in the practice management systems market are General Electric Company, Cerner Corporation, Epic Systems Corporation, athenahealth Inc., Quality Systems Inc., Greenway Health LLC, Henry Schein Inc. Allscripts Healthcare Solutions Inc., and McKesson Corporation.

Global Practice Management Systems Market Segmentation

Market Segmentation by Product

Integrated
Standalone

Market Segmentation by Component

Software
Services

Market Segmentation by Delivery Mode

Web-Based
Cloud-Based
On Premise-Based

Market Segmentation by End User

Hospitals
Physician Offices
Healthcare Payers
Pharmacies
Others

Market Segmentation by Geography

North America Practice Management Systems Market
By product
By component
By delivery mode
By end user
By country - U.S. and Canada

Europe Practice Management Systems Market
By product
By component
By delivery mode
By end user
By country - U.K., Germany, and Rest of Europe

Asia-Pacific (APAC) Practice Management Systems Market
By product
By component
By delivery mode
By end user
By country - Japan, China, and Rest of APAC

Latin America (LATAM) Practice Management Systems Market
By product
By component
By delivery mode
By end user
By country - Brazil, Mexico, and Rest of LATAM

Middle East & Africa (MEA ) Practice Management Systems Market
By product
By component
By delivery mode
By end user
By country - South Africa, Saudi Arabia and Rest of MEA
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • athenahealth Inc.
  • Cerner Corporation
  • eClinicalWorks LLC
  • Epic Systems Corporation
  • General Electric Company
  • Greenway Health LLC
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Component
1.3.2 Market Segmentation By Product
1.3.3 Market Segmentation By Delivery Mode
1.3.4 Market Segmentation By End User
1.3.5 Market Segmentation By Geography
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Product
4.1.1.1 Integrated
4.1.1.2 Standalone
4.1.2 By Component
4.1.2.1 Software
4.1.2.2 Services
4.1.3 By Delivery Mode
4.1.3.1 On Premise-Based
4.1.3.2 Web-Based
4.1.3.3 Cloud-Based
4.1.4 By End User
4.1.4.1 Hospitals
4.1.4.2 Healthcare Payers
4.1.4.3 Physician Offices
4.1.4.4 Pharmacies
4.1.4.5 Others
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Changing Dynamics In Hospital/Healthcare Settings
4.2.1.2 Development And Sale Of Value Added Services
4.2.1.3 Increasing Pressure To Curb Healthcare Cost
4.2.1.4 Improving Infrastructure And Digitalization Of Healthcare
4.2.1.5 Impact Analysis Of Drivers On Market Forecast
4.2.2 Restraints
4.2.2.1 Risk Of Data Theft
4.2.2.2 Difficulty In Maintaining Confidentiality Of Patient Information
4.2.2.3 Impact Analysis Of Restraints On Market Forecast
4.3 Porter’S Five Forces Analysis

Chapter 5. Global Market Size And Forecast
5.1 By Component
5.2 By Product
5.3 By Delivery Mode
5.4 By End User
5.5 By Region

Chapter 6. North America Market Size And Forecast
6.1 By Component
6.2 By Product
6.3 By Delivery Mode
6.4 By End User
6.5 By Country

Chapter 7. Europe Market Size And Forecast
7.1 By Component
7.2 By Product
7.3 By Delivery Mode
7.4 By End User
7.5 By Country

Chapter 8. APAC Market Size And Forecast
8.1 By Component
8.2 By Product
8.3 By Delivery Mode
8.4 By End User
8.5 By Country

Chapter 9. LATAM Market Size And Forecast
9.1 By Component
9.2 By Product
9.3 By Delivery Mode
9.4 By End User
9.5 By Country

Chapter 10. MEA Market Size And Forecast
10.1 By Product
10.2 By Product
10.3 By Delivery Mode
10.4 By End User
10.5 By Country

Chapter 11. Competitive Landscape
11.1 Global Strategic Developments Of Key Players
11.1.1 Mergers And Acquisitions
11.1.2 Product Launches
11.1.3 Partnerships
11.1.4 Client Wins
11.1.5 Other Developments

Chapter 12. Company Profiles
12.1 General Electric Company
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.1.3 Key Financial Summary
12.1.4 Strategic Growth Plans
12.2 Cerner Corporation
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.2.3 Key Financial Summary
12.2.4 Strategic Growth Plans
12.3 Eclinicalworks Llc
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.3.3 Strategic Growth Plans
12.4 Epic Systems Corporation
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.4.3 Strategic Growth Plans
12.5 Mckesson Corporation
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.5.3 Key Financial Summary
12.5.4 Strategic Growth Plans
12.6 Athenahealth Inc.
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Growth Plans
12.7 Quality Systems Inc.
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.7.3 Key Financial Summary
12.7.4 Strategic Growth Plans
12.8 Allscripts Healthcare Solutions Inc.
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.8.3 Key Financial Summary
12.8.4 Strategic Growth Plans
12.9 Greenway Health Llc
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.9.3 Strategic Growth Plans
12.1 Henry Schein Inc.
12.10.1 Business Overview
12.10.2 Product And Service Offerings
12.10.3 Key Financial Summary
12.10.4 Strategic Growth Plans

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources And References
13.3 Related Reports
Note: Product cover images may vary from those shown
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  • General Electric Company
  • Cerner Corporation
  • eClinicalWorks LLC
  • Epic Systems Corporation
  • McKesson Corporation
  • athenahealth Inc.
  • Quality Systems Inc.
  • Allscripts Healthcare Solutions Inc.
  • Greenway Health LLC
  • Henry Schein Inc.
Note: Product cover images may vary from those shown
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