Technavio has been monitoring the medical practice management software (MPMS) market and is forecast to grow by USD 6237.6 mn during 2023-2028, accelerating at a CAGR of 13.73% during the forecast period. Our report on the medical practice management software (MPMS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased efficiency and productivity of MPMS, adherence to stringent regulatory standards in healthcare industry, and rising focus on minimizing medical errors.
Technavio's medical practice management software (MPMS) market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
12.23%
CAGR
13.73%
Incremental Value
$6237.6mn
By Deployment
Cloud-based
On-premises
By End-user
Hospitals
Diagnostic laboratories
Physicians
Pharmacists
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the increasing adoption of analytics in mpms as one of the prime reasons driving the medical practice management software (MPMS) market growth during the next few years. Also, increased popularity of e-prescriptions and increasing focus on detailed and customized reporting will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the medical practice management software (MPMS) market covers the following areas:
Medical practice management software (MPMS) market sizing
Medical practice management software (MPMS) market forecast
Medical practice management software (MPMS) market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical practice management software (MPMS) market vendors that include 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, and Virence Health. Also, the medical practice management software (MPMS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Deployment
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Medical Practice Management Software (MPMS) Market 2018 - 2022
Historic Market Size - Data Table on Global Medical Practice Management Software (MPMS) Market 2018 - 2022 ($ million)