(PRWEB) June 26, 2014
The “Practice Management System Market by Products (Integrated, Standalone), Components (Services, Software), Delivery Mode (On-Premises/Desktop-Only, Web-Based, Cloud-Based) & by End-Users (Physician, Pharmacist, Diagnostic Labs) - Global Trends & Forecast to 2018”provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue and share analysis.
Browse 69 market data tables and 16 figures spread through 173 pages and in-depth TOC
Early buyers will receive 10% customization on this report.
The global practice management system market is poised to grow at a high single-digit CAGR from 2013-2018 to reach $247.1 million by 2018.
For Further Inquiry click here at http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=886.
The factors propelling the growth of the practice management system market include growing need to integrate healthcare systems, firm government support and increase in patient awareness and better healthcare. On the other hand, the factors restraining the growth of the market include high operational cost and lack of trained IT professionals. The growing interest towards patient-centric care approach, cloud-based PM models along with the emerging markets in Australia, new- Zealand, India, China, and Middle-East present huge opportunities for growth.
Request for Customization of Report at http://www.marketsandmarkets.com/requestCustomization.asp?id=886.
The practice management (PM) system market is segmented into products, components, delivery mode, and end-users. The practice management system component market is further segmented into services and software. The services segment accounted for the largest share of the PM component market in 2013 and is estimated to witness higher growth in the next five years. Based on products, the PM system market is divided into integrated and standalone solutions. The integrated PM segment is expected to grow at a decent growth rate owing to government mandates for integration of electronic health records (EHR) with PM system and meaningful use incentive program.
On the basis of delivery mode, the practice management system market is categorized into three segments namely, on-premises, web-based, and cloud-based. The web-based segment commanded the largest share of 68.4% of the practice management system market in 2013 while the cloud-based model will exhibit the highest growth due to low operational cost and greater data accessibility and flexibility. The practice management system market, by end-user is segmented into physicians, pharmacists, and diagnostic labs. The physician segment accounted for the largest as well as the fastest growing segment of the market in 2013.
North America is the largest revenue generator for practice management system market, followed by Europe. Both the markets are estimated to register single-digit growth rates for the next five years. Asia projects robust growth outlook during the analysis period owing to the urbanization, huge investment opportunities in these immature markets, and the developing healthcare IT infrastructure in these regions. The growth of the practice management system market will be mainly driven by countries such as China, India, Australia, New Zealand and countries in the Middle East.
The major players operating in the practice management system market are Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), Greenway Medical (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.), and NextGen Healthcare Information System LLC (U.S).
Browse Related Reports:
Population Health Management Market by Component (Software & Services), Delivery Mode (On-premise, Web, & Cloud), End-User (Provider, Payer, Employer Groups & Government Bodies) - Trends & Global Forecasts to 2018
Healthcare EDI Market by Component (EDI Software, EDI Services), Transactions (Claim Status, Eligibility Verification), Mode of Delivery (Web-based EDI, Mobile EDI, EDI Van) & by End-users (Healthcare Payers, Providers) - Global Forecast to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog at http://mnmblog.org/market-research/healthcare/healthcareit.
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets.