Government Policies in USA i,e. “Obamacare” Dominates Medical Practice Management Software Market
Transparency Market Research offers an extensive study of the global medical practice management software market. The research report, titled “Medical Practice Management Software Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” analyzes the various trends and dynamics impacting the overall market. Furthermore, it also includes SWOT analysis to assess the strengths, weaknesses, opportunities, and threats influencing the segments of the global medical practice management software market. The research report also examines the market through Porter’s five forces analysis to determine the threat of new entrants, the intensity of competitive rivalry, the bargaining power of suppliers, and the bargaining power of customers. For a holistic point of view of the global medical practice management software market, the researchers have also studied the political, social, economic, legal, and environmental situation impacting the overall market.
Medical practice management software (PMS) is used by the healthcare industry to manage the tasks ranging from scheduling of patients to generation of their periodic reports. These software systems play a significant role in establishing effective medical practices. Therefore, it is of the utmost importance that the IT department of a healthcare institution choose the best software system. The main growth drivers for the global medical practice management software market are the need for improved patient-physician coordination, the need for a high return on the investments made by several governments through grants, and increasing awareness of patients regarding healthcare.
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The global medical practice management software market is segmented on the basis of solution platform into single database platforms, multi-tenant SaaS deployed on-premise, and cloud platforms. On the basis of geography, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Currently, North America is expected to retain its significant share in the global medical practice management software market due to the presence of supportive government policies in the U.S. For instance, ‘Obamacare’ makes it mandatory for health care providers to use medical practice management software for effective management of patients and overall healthcare solutions. Europe is anticipated to follow this regional market closely in the global market. However, thanks to the rising urbanization in emerging economies in Asia Pacific, this region is expected to generate unprecedented demand for medical practice management software.
Some of the key players in the global medical practice management software market are Sage Group, AthenaHealth, NextGen Healthcare, MediTouch, eClinicalWorks, and McKesson. The research report offers a comprehensive overview of the competitive landscape of the global medical practice management software market and the regulatory framework governing it. Furthermore, the researchers have also evaluated the expected research and development activities, financial overview, investment outlook, business and marketing strategies, and strategic mergers and acquisitions of these top players for the coming few years.