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Pramod Kumar has 59 Published Articles

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How is Need for Decreasing Healthcare Cost Driving Practice Management Systems Market?

Posté le: Nov-18-2020 | vue (530) fois | Word Count article: 384 |

The global practice management systems market is predicted to reach a value of $16.0 billion by 2023, increasing from $9.3 billion in 2017, progressing at a 9.7% CAGR during the forecast period (2018–2023), as per a study conducted by P&S Intelligence.
On the basis of product, the practice management systems market is bifurcated into standalone and integrated, between which, the integrated bifurcation accounted for the major share of the market in 2017. Integrated practice management systems provide administrative and clinical efficiency via single interface, thereby reducing the complexity and providing caregivers with more time to spend on patients. The division is further expected to register the faster growth during the forecast period as well, owing to the advantages of integrated practice management systems.

When delivery mode is taken into consideration, the practice management systems market is divided into on premise-based, web-based, and cloud-based, out of which, the web-based division accounted for the largest share of the market in 2017. This delivery mode is a low cost solution and has the ability to offer access to large data information, therefore making it a preferred choice in medical settings. The cloud-based division is expected to progress at the fastest pace during the forecast period.

A major reason for the growth of the practice management systems market is the surging need for reducing the increasing healthcare cost. Both developed and developing countries are facing problems regarding decreasing the healthcare cost and implementing quality and cost-effective healthcare for patients. Even though, healthcare-related insurance programs and funding programs, the healthcare cost is increasing steadily, and is negatively influencing the healthcare providers. However, the situation can be taken care of by practice management systems, which is leading to their increasing demand.

In conclusion, the market is being driven by the increasing requirement for reducing the cost of healthcare services and the changing dynamics of the healthcare industry.

This study covers
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings

Source: P&S Intelligence

Source de l'article : is Need for Decreasing Healthcare Cost Driving Practice Management Systems Market?_1007.aspx

auteur ressource :
Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others.

Mots-clés : Practice Management Systems, healthcare, research report,

Catégorie : Writing et Parler : Writing articles

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