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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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
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
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