Practice Management Systems Market To Reach $25.54 Billion By 2030

Practice Management System Market Growth & Trends

The global practice management system market size was estimated at USD 25.54 billion in 2030 and is expected to grow at a CAGR of 10.19% during the forecast period, according to a new report by Grand View Research, Inc. Demand for cost-effective treatment options, unprecedented medical emergencies such as COVID-19, and digitization of healthcare records are the key factors driving the market growth. Moreover, unpreparedness for the global COVID-19 pandemic has further heightened the need for digitized interoperability solutions providing faster and more effective results. The rising adoption of EHR, telehealth in developed as well as developing economies is anticipated to provide this market with a lucrative growth platform in the coming years.

Increasing pressure to curb healthcare costs along with changing dynamics of hospital/healthcare settings is fueling the demand for practice management systems. In addition, a rising focus on implementing cost-effective and high-quality care are also likely to contribute to the market development. Healthcare institutes are witnessing a paradigm shift as a result of the changing dynamics of the business models. The development of new value-added services such as integration of practice management systems with other healthcare IT solutions, such as Computerized Physician Order Entry (CPOE) and laboratory information systems, is anticipated to propel the market growth over the next few years.

Practice management systems enable mid-sized and large healthcare providers in offering the right treatment at an effective price, thus reducing treatment costs. Most of the key players adopt strategies, such as product launches, collaborations, partnerships, and mergers & acquisitions to strengthen their industry position. For instance, in November 2022, Henry Schein, Inc. company partnered with VideaHealth, a leading dental Artificial Intelligence (AI) platform. As a result, Henry Schein One is introducing Dentrix Detect AI powered and manufactured by VideaHealth, an AI-enabled X-ray analysis tool that integrates directly into Dentrix Practice Management Systems.

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Practice Management System Market Report Highlights

• The integrated systems segment accounted for the largest revenue share of 74.87% in 2024, owing to the benefits associated with the product.

• Based on delivery mode, the web-based delivery mode segment accounted for the largest share of 47.81% in 2024. The web-based management system is gaining popularity as it automatically gets updated as the changes occur, thus causing little disruption to the workflow

• The software segment accounted for the largest revenue share of 66.39% in 2024. Software is easy to install, use, and retrieve records owing to intuitive user interfaces and continuous product upgrades.

• The physician back-office segment held the largest revenue share of 56.16% in 2024. The segment growth is attributed to the digitization of documents and databases 

Practice Management System Market Segmentation

Grand View Research has segmented the global practice management system market report based on product, delivery mode, component, end use, and region:

Practice Management System Product Outlook (Revenue, USD Million, 2018 - 2030)

• Integrated

  • EHR/EMR

  • e-Rx

  • Patient engagement

  • Others

• Standalone

Practice Management System Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Web-based

• On-Premise

• Cloud-based

Practice Management System Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software

• Services

Practice Management System End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Physician back office

  • Ambulatory Settings

  • Others

• Pharmacies

• Diagnostic Laboratories

• Other Settings

Practice Management System Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Practice Management System Market

• Allscripts Healthcare, LLC (Veradigm LLC)

• OmniMD

• Henry Schein, Inc.

• AdvantEdge Healthcare Solutions

• Athenahealth

• Cerner Corporation (Oracle)

• Epic Systems Corporation

• GE Healthcare

• McKesson Corporation

• Accumedic Computer Systems, Inc.

• NXGN Management, LLC

• eClinicalWorks

• CoreCloud

• Kareo, Inc.

• Practice Fusion, Inc.

• AdvancedMD, Inc.

• DrChrono, Inc.

• CollaborateMD Inc.

• Greenway Health, LLC

• OfficeAlly Inc.

• PracticeSuite Inc.

• Medical Information Technology, Inc.

• CompuGroup Medical US

• CERTIFY Health

• SimplePractice, LLC