Product Code: GVR-2-68038-193-1
U.S. Practice Management Systems Market Growth & Trends:
The U.S. practice management systems market size is expected to reach USD 11.5 billion by 2030, registering a CAGR of 4.5% during the forecast period, according to a new report by Grand View Research, Inc. Demand for practice management systems is growing due to increasing pressure to curb healthcare costs and changing dynamics of hospital/healthcare settings. Increasing focus on implementing cost-effective, quality care will further boost the market growth.
With the help of practice management systems, healthcare providers can offer the right treatment at an effective price, thus reducing treatment costs. Over the forecast period, the COVID-19 influence is projected to drive the growth of the market. Key Players such as Allscripts Healthcare have offered a package of COVID-19 solutions for hospitals that address disease-specific needs such as SunriseTM EHR, Parago HER, and Allscripts Care Director, with the target of reducing screening and monitoring time. These screening steps can help with patient identification and tracking of patients confirmed or suspected to have coronavirus infection. Initiatives like these positively impacted the market growth during the pandemic.
The increase in adoption of IoT in healthcare and technological breakthroughs, increased use of mobiles and the internet, and rising demand for practice management solutions are key factors attributing to the market growth. Political instability, economic stress, and lack of proactive initiatives are exerting adverse effects on healthcare funding. Despite significant healthcare-related funding and insurance programs, there has been a constant rise in healthcare costs in the U.S., thus affecting healthcare providers.
U.S. Practice Management Systems Market Report Highlights:
- Changing dynamics of hospital/healthcare settings and the development and sale of value-added services are driving the growth of the market
- The integrated product segment captured the largest market share in 2021 due to benefits, such as enhanced efficiency and communication across various departments and reduced administrative and medical errors
- Software held the largest revenue share in the component segment in 2021 owing to technological advancement and new product launches
- The cloud-based practice management solutions segment is expected to showcase the fastest growth during the forecast period owing to advantages such as ready availability of information even in remote locations, higher reliability, and faster processing
- Physician back office dominated the end-user segment in the market in 2021 due to the growing adoption of this system in the physician offices
- The increasing focus of the Association of American Medical Colleges on the increasing number of physicians and healthcare facilities across the region is expected to drive the market growth
Table of Contents
Chapter 1 Research Methodology & Scope
- 1.1 Market Segmentation & Scope
- 1.1.1 Segment Scope
- 1.1.2 Regional Scope
- 1.1.3 Estimates & Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database:
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research:
- 1.3.5 Details Of Primary Research
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.7 List of Secondary Sources
- 1.8 List of Primary Sources
- 1.9 Abbreviations
- 1.10 Objectives
- 1.10.1 Objective 1:
- 1.10.2 Objective 2:
- 1.10.3 Market Definitions
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Competitive Insights
- 2.4 U.S. Practice Management Systems Market Summary, 2021
Chapter 3 U.S. Practice Management Systems Market Variables Trends & Scope
- 3.1 Penetration & Growth Prospect Mapping, 2021
- 3.2 U.S. Practice Management Systems Market Driver Analysis
- 3.3 U.S. Practice Management Systems Market Restraint Analysis
- 3.4 U.S. Practice Management Systems Market - PESTLE Analysis
- 3.5 Industry Analysis - Porter's
- 3.6 List of Key Buyers
- 3.6.1 Non-Profit Hospital Systems
- 3.6.2 For Profit Hospital Systems
- 3.7 Buyer's Preference Analysis
- 3.8 Potential Target Audience
- 3.9 Changing technology and their adoption
- 3.10 Timeline with major technologies
- 3.11 List of top products
- 3.12 Region-wise demand analysis for the products and services
- 3.13 Market participants wise pipepline analysis with an expected launch date
- 3.14 Major Deals & Strategic Alliances Analysis
- 3.14.1 Joint Ventures
- 3.14.2 Mergers & Acquisitions
- 3.14.3 Licensing & Partnership
- 3.14.4 Technology Collaborations
- 3.14.5 Strategic Divestments
- 3.15 Covid-19 Impact Analysis
Chapter 4 U.S. Practice Management Systems Market: Competitive Analysis
- 4.1 Market Participation Categorization
- 4.2 Competitive Dashboard Analysis
Chapter 5 U.S. Practice Management Systems Market: Product Estimates & Trend Analysis
- 5.1 Product Type Analysis
- 5.1.1 Integrated
- 5.1.1.1 Integrated market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.1.2 Standalone
- 5.1.2.1 Standalone market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.1.2.2 EHR/EMR
- 5.1.2.2.1 EHR/EMR market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.1.2.3 e-Rx
- 5.1.2.3.1 e-Rx market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.1.2.4 Patient engagement
- 5.1.2.4.1 Patient engagement market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.1.2.5 Others
- 5.1.2.5.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6 U.S. Practice Management Systems Market: Component Estimates & Trend Analysis
- 6.1 Component Type Analysis
- 6.1.1 Software
- 6.1.1.1 Software market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.2 Services
- 6.1.2.1 Services market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7 U.S. Practice Management Systems Market: Delivery Mode Estimates & Trend Analysis
- 7.1 Delivery Mode Type Analysis
- 7.1.1 On-premise
- 7.1.1.1 On Premise market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.2 Web-based
- 7.1.2.1 Web Based market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.3 Cloud-based
- 7.1.3.1 Cloud Based market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8 U.S. Practice Management Systems Market: End-Use Estimates & Trend Analysis
- 8.1 End-Use Type Analysis
- 8.1.1 Physician back office (Solo practitioners)
- 8.1.1.1 Physician back office (Solo practitioners) market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.1.2 Hospitals (Group practitioners)
- 8.1.2.1 Hospitals (Group practitioners) market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.1.3 Pharmacies
- 8.1.3.1 Pharmacies market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.1.4 Diagnostic Laboratories
- 8.1.4.1 Diagnostic laboratories market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.1.5 Other Settings
- 8.1.5.1 Other settings market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 9 Company Profiles
- 9.1 Company Profiles
- 9.1.1 Henry Schein MicroMD
- 9.1.1.1 Company Overview
- 9.1.1.2 Financial Performance
- 9.1.1.3 Product Benchmarking
- 9.1.1.4 Strategic Initiatives
- 9.1.2 Allscripts Healthcare Solutions, Inc.
- 9.1.2.1 Company Overview
- 9.1.2.2 Financial Performance
- 9.1.2.3 Product Benchmarking
- 9.1.2.4Strategic Initiatives
- 9.1.3 AdvantEdge Healthcare Solutions
- 9.1.3.1 Company Overview
- 9.1.3.2 Financial Performance
- 9.1.3.3 Product Benchmarking
- 9.1.3.4 Strategic Initiatives
- 9.1.4 athenahealth, Inc.
- 9.1.4.1 Company Overview
- 9.1.4.2 Financial Performance
- 9.1.4.3 Product Benchmarking
- 9.1.4.4 Strategic Initiatives
- 9.1.5 Cerner Corporation
- 9.1.5.1 Company Overview
- 9.1.5.2 Financial Performance
- 9.1.5.3 Product Benchmarking
- 9.1.5.4 Strategic Initiatives
- 9.1.6 EPIC Systems Corporation
- 9.1.6.1 Company Overview
- 9.1.6.2 Financial Performance
- 9.1.6.3 Product Benchmarking
- 9.1.5.4 Strategic Initiatives
- 9.1.7 GE Healthcare
- 9.1.7.1 Company Overview
- 9.1.7.2 Financial Performance
- 9.1.7.3 Product Benchmarking
- 9.1.7.4 Strategic Initiatives
- 9.1.8 McKesson Corporation
- 9.1.8.1 Company Overview
- 9.1.8.2 Financial Performance
- 9.1.8.3 Product Benchmarking
- 9.1.8.4 Strategic Initiatives
- 9.1.9 NextGen Healthcare Information System LLC
- 9.1.9.1 Company Overview
- 9.1.9.2 Financial Performance
- 9.1.9.3 Product Benchmarking
- 9.1.9.4 Strategic Initiatives
- 9.1.10 eClinicalWorks LLC
- 9.1.10.1 Company Overview
- 9.1.10.2 Financial Performance
- 9.1.10.3 Product Benchmarking
- 9.1.10.4 Strategic Initiatives
- 9.1.11 CareCloud
- 9.1.11.1 Company Overview
- 9.1.11.2 Financial Performance
- 9.1.11.3 Product Benchmarking
- 9.1.11.4 Strategic Initiatives
- 9.1.12 Kareo
- 9.1.12.1 Company Overview
- 9.1.12.2 Financial Performance
- 9.1.12.3 Product Benchmarking
- 9.1.12.4 Strategic Initiatives
- 9.1.13 AdvancedMD
- 9.1.13.1 Company Overview
- 9.1.13.2 Financial Performance
- 9.1.13.3 Product Benchmarking
- 9.1.12.4 Strategic Initiatives
- 9.1.14 DrChrono, Inc.
- 9.1.14.1 Company Overview
- 9.1.14.2 Financial Performance
- 9.1.14.3 Product Benchmarking
- 9.1.14.4 Strategic Initiatives
- 9.1.15 CollaborateMD
- 9.1.15.1 Company Overview
- 9.1.15.2 Financial Performance
- 9.1.15.3 Product Benchmarking
- 9.1.15.4 Strategic Initiatives
- 9.1.16 Office Ally
- 9.1.16.1 Company Overview
- 9.1.16.2 Financial Performance
- 9.1.16.3 Product Benchmarking
- 9.1.16.4 Strategic Initiatives
- 9.1.17 Accumedic Computer Systems, Inc.
- 9.1.17.1 Company Overview
- 9.1.17.2 Financial Performance
- 9.1.17.3 Product Benchmarking
- 9.1.17.4 Strategic Initiatives