Medical Practice Management Software (MPMS) Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Market Growth and Forecasts for 2021-2025
The medical practice management software (mpms) market and it is expected to grow by $ 1.70 bn, accelerating at a CAGR of almost 9.65% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Medical Practice Management Software (MPMS) Market: Market Segments and Key Trends
The Medical practice management software (mpms) market is segmented by End-user (hospitals, diagnostic laboratories, physicians, and pharmacists), Deployment (cloud-based and on-premises), and Geography (North America, Europe, APAC, South America, and MEA). North America led the market with 37% of the market growth set to originate from this region during the forecast period. Threat from open-source mpms is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
Medical Practice Management Software (MPMS) Market: Leading Factors to Drive Market Growth
The Increasing need for maximizing chair-time utilization is one of the primary factors driving the growth of the medical practice management software (mpms) market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Medical Practice Management Software (MPMS) Market: Competitive Landscape
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AdvancedMD Inc., Allscripts Healthcare Solutions Inc., athenahealth Inc., CareCloud Inc., Cerner Corp., Computer Programs and Systems Inc., Epic Systems Corp., General Electric Co., Greenway Health LLC, and McKesson Corp. are some of the major market participants.
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Medical Practice Management Software (MPMS) Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs: