Research Expert: Sarah Overall
  • Published: Nov 2024
  • Pages: 150
  • SKU: IRTNTR44461

  • increased efficiency and productivity of mpms is driving the Medical Practice Management Software (MPMS) Market

    Latest News:- Medical Practice Management Software (MPMS) Market: Cloud-based is expected to lead the Deployment segment during 2024-2028

    Technavio analyzes that the Medical Practice Management Software (MPMS) Market is expected to grow at a CAGR of 13.73% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6237.6 million.There are various factors that contribute to the growth of the market. The Medical Practice Management Software (MPMS) market is witnessing significant growth due to the increased demand for streamlined and efficient healthcare operations. MPMS enhances productivity by automating administrative tasks, managing appointments, and processing insurance claims, thereby enabling healthcare providers to focus on delivering high-quality patient care. This results in improved patient satisfaction and increased revenue for medical practices.

    The cloud-based Medical Practice Management Software (MPMS) market segment is experiencing significant growth, with an anticipated increase in market share during the forecast period. Cloud-based solutions offer a predictable expense model, featuring regular payments and periodic costs for maintenance and updates, in contrast to the substantial one-time investment required for locally installed systems. Hosted solutions also eliminate the need for a powerful local server, reduce maintenance fees, and lower IT personnel costs. Given the rising cost pressures in the on-premises industry, the adoption of cloud-based MPMS is poised for growth, with benefits including free upgrades included in the subscription or support fees. Companies such as CPSI and CureMD are leading players in this market, providing advanced features and scalability for healthcare practices. 

    Know which region is leading the market growth by requesting a sample report

    Medical Practice Management Software (MPMS) Market Segmentation

    • Deployment
      • Cloud-based
      • On-premises
    • End-user
      • Hospitals
      • Diagnostic laboratories
      • Physicians
      • Pharmacists
    • Geography
      • North America
      • Europe
      • APAC
      • South America
      • Middle East and Africa

    Top Performing Companies

    As per our research findings, here are some of the key competitors that are leading the industry

    • Adroit Infosystems Inc.
    • AdvancedMD Inc.
    • Veradigm LLC
    • athenahealth Inc.
    • BestoSys Solutions Pvt Ltd.
    • CareCloud Inc.
    • CollaborateMD Inc.
    • eClinicalWorks LLC
    • Epic Systems Corp.
    • General Electric Co.
    • Greenway Health LLC
    • Henry Schein Inc.
    • McKesson Corp.
    • Nextech Systems LLC
    • NextGen Healthcare Inc.
    • Oracle Corp.
    • Practo Technologies Pvt. Ltd.
    • Sage Group Plc
    • TotalMD
    • Virence Health

    Find out what is trending in the market by accessing the free PDF report

    Research Analysis Overview

    The Medical Practice Management Software (MPMS) market is currently witnessing a surge in demand due to the increasing consumption in clinics and diagnostic centers. Cloud-based MPMS is becoming the primary material for efficient capacity expansion, reducing costs and enhancing output. Data-driven growth opportunities are abundant, with sales volume set to increase significantly. Mining valuable data sources is crucial for value production in this sector. The current status of the market is robust, with costs continuing to decrease as technology advances.

    Market Research Overview

    The global IT software market encompasses businesses specializing in the development and production of application and system software, including database management solutions. The application software sector specifically focuses on creating software for niche business or consumer applications, encompassing enterprise and technical software, as well as cloud-based alternatives. Noteworthy companies in the medical practice management software (MPMS) market include Ace Matrix, AdvancedMD, Allscripts, and Ambulatory Surgery Centers, which are excluded from the systems software sub-industry. According to Technavio, the global IT software market size is determined by the consolidated revenue of all IT software providers, including cloud-based software vendors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

    Reasons to Consider Purchasing Technavio Market Research Report

    • Current Market Insights: Our reports offer valuable information on the latest market intelligence, competitor strategies, trends, industry changes, customer preferences, and forecasted market opportunities to aid in informed business decisions.

    • Extensive Experience: With over 20 years in market research, Technavio is a trusted name, having published more than 21,000 reports across various industries and regions.

    • High ROI Through In-Depth Research: Technavio specializes in tailored market research reports to meet specific business needs, exploring particular markets, product segments, and demographics. We are also recognized for delivering significant returns on investment through our comprehensive data collection at affordable prices.

    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

    Read News Read Less
    Interested in this report?
    Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.