Clinical practice management software is a type of healthcare management software offering wide range of application for healthcare management. Functions including patient registration, appointment scheduling, medical billing and others can be performed using clinical practice management software. Extensive demand of this software by hospitals and large number of healthcare IT companies providing client specific software solutions drives the growth of this market across the globe. Availability of user friendly software solution that are easily used by healthcare professional also contributes to the growth of this market. However, high cost of this software acts as a restrain for this market’s growth. Global market of clinical practice management software is expected to grow at a CAGR of approximately 15.2% during the forecast period of 2017-2023.
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Segmentation
Global clinical practice management software market has been segmented on the basis of mode of delivery which includes on-premise and cloud based. On the basis of end user, the market is segmented into hospitals, clinics, laboratories, pharmacy and others.
Intended Audience
- Healthcare IT companies
- Healthcare companies
- Contract research organizations (CROs)
- Research and development (R&D) companies
- Academic medical institutes and universities
Regional Analysis:
Globally, clinical practice management software market consists of four regions which includes Americas, Europe, Asia Pacific and Middle East & Africa. America is the largest market owing to extensive use of clinical practice management software in hospitals, presence of large number of healthcare IT companies and demand of user friendly software. Further, importance of electronic medical records also contributes to the growth of this market in America. Europe is the second largest market whose growth is attributed to an increase in demand of patient management software solutions. Asia Pacific region shows the fastest growth in this market followed by Middle East & Africa. Increase in awareness about use of IT in patient management, appointment scheduling and medical billing drives the growth of this market here.
Key Players
This market has numerous players, some of the key players are Optum Inc. (U.S), Cerner Corporation (U.S), McKesson Corporation (U.S), Dell (U.S), Cognizant (U.S), Koninklijke Philips N.V. (U.S), Xerox Corporation (U.S), Siemens Ltd.(Germany), Epic Systems Corporation (U.S), GE Electronic (U.S) and Allscripts (U.S).
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