Global Integrated Practice Management Software (IPMS) Market Segmentation, By Product (EHR/EMR, e-RX, Patient Management, Others), Component (Services, Software), Deployment Mode (Web-Based, Cloud, On-Premise), End-User (Physician Offices and Clinics, Hospitals and Clinics, Pharmacies, Healthcare Payers, Others) – Industry Trends and Forecast to 2031.
Integrated Practice Management Software (IPMS) Market Analysis
There is a strong desire for more time and resource efficiency in General Practitioner (GP) offices that are already overburdened by the rising chronic disease load and shrinking staff numbers. A supportive regulatory environment also drives an increase in dependence on healthcare information technology.
Integrated Practice Management Software (IPMS) Market Size
Global integrated practice management software (IPMS) market size was valued at USD 5.77 billion in 2023 and is projected to reach USD 12.46 billion by 2031, with a CAGR of 10.1% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Integrated Practice Management Software (IPMS) Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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McKesson Corporation(U.S), Cerner Corporation(U.S.A), Henry Schein(U.S), eClinicalWorks(U.S), EPIC Systems Group, LLC. (U.S), Greenway Health, LLC(U.S), NXGN Management, LLC.(U.S), NexTech Infosystems(California), Athenahealth, Inc. (U.S), GE Healthcare (U.S), Allscripts Healthcare, LLC (U.S), Practice Fusion, Inc. (U.S), MediTouch ( Israel), and Accumedic Computer Systems Inc. (U.S)
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Market Opportunities
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Integrated Practice Management Software (IPMS) Market Definition
IPMS (Integrated Practice Management Software) is a medical/healthcare software solution that assists with the administrative chores and tasks associated with providing healthcare services. The integrated version of this program offers patients and healthcare professionals all essential duties and aids in attaining simplicity of use, such as organizing appointments, taking care of insurance remuneration, billing, and various other tasks.
Integrated Practice Management Software (IPMS) Market Dynamics
Drivers
- Increase in the number of chronic diseases
There is a significant demand for greater efficiency in time and resources. A favorable regulatory environment is also contributing to a greater reliance on healthcare information technology, which is driving market expansion by increasing the need to strengthen systems across primary healthcare for efficient operation.
- Improving the effectiveness of current medical practices and institutions
Long-term savings in time and resources and a high return on investment. Electronic data is quickly becoming a hot topic in the healthcare IT sector.
Opportunities
The high prevalence of patient visits, lower total process costs, and enhanced efficiency and effectiveness across the board, the growing need for and attention to administrative operations and duties in healthcare institutions is expected to expand market growth.
Restraints/Challenges
Concerns about data theft and mismanagement of personal and patient information as a result of the system's adoption; this aspect is predicted to limit market expansion. There is no collaboration from the people who will be future users of the IMS and lack of support from management directors.
This integrated practice management software (IPMS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the integrated practice management software (IPMS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Integrated Practice Management Software (IPMS) Market
Coronavirus can affect the economy in three ways: by directly influencing Demand and Production, disrupting shop networks and markets, and having a financial impact on businesses and economic sectors. The IT solutions and software industries also took a hit due to the epidemic. The entire IT and online application development sector felt the tremors of Covid-19's failure due to the market's interconnectedness. Preventive health measures are now a higher priority than specialized software creation. COVID has captured the entire world, and the developed industry's significant regions have been locked down.
Integrated Practice Management Software (IPMS) Market Scope
The integrated practice management software (IPMS) market is segmented on the basis of product, deployment mode, component and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Electronic Health Record (EHR)/Electronic Medical Record (EMR)
- Electronic Prescribing (e-RX)
- Patient Management
- Others
Component
- Services
- Software
Deployment Mode
- Web-Based
- Cloud
- On-Premise
End-User
- Physician Offices and Clinics
- Hospitals and Clinics
- Pharmacies
- Healthcare Payers
- Others
Integrated Practice Management Software (IPMS) Market Regional Analysis
The integrated practice management software (IPMS) market is analyzed and market size insights and trends are provided by country, type, price range, application and end-user as referenced above.
The countries covered in the integrated practice management software (IPMS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the market due to better healthcare infrastructure and a rising geriatric population. Medical practice management in the United States helps in every aspect of healthcare accounts, billing, appointments, and insurance details of the patients.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The integrated practice management software (IPMS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for integrated practice management software (IPMS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the integrated practice management software (IPMS) market. The data is available for historic period 2010-2020.
Integrated Practice Management Software (IPMS) Market Share
The integrated practice management software (IPMS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to integrated practice management software (IPMS) market.
Integrated Practice Management Software (IPMS) Market Leaders Operating in the Market Are:
- McKesson Corporation (U.S)
- Cerner Corporation (U.S)
- Henry Schein (U.S)
- eClinicalWorks (U.S)
- EPIC Systems Group, LLC. (U.S)
- Greenway Health, LLC(U.S)
- NXGN Management, LLC. (U.S)
- NexTech Infosystems (U.S)
- Athenahealth, Inc. (U.S)
- GE Healthcare (U.S)
- Allscripts Healthcare, LLC (U.S)
- Practice Fusion, Inc. (U.S)
- MediTouch (Israel)
- Accumedic Computer Systems Inc. (U.S)
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