Europe Dental Practice Management Software Market size was valued at USD 341.6 million in 2017 and is expected to witness 10.8% CAGR from 2018 to 2024.
UK Dental Practice Management Software Market, By Component, 2013 – 2024 (USD Million)
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Growing number of dental disorders coupled with rising oral awareness will stimulate dental practice management software (DPMS) market growth over the forthcoming period. The State of Oral Health in Europe recommends policies to improve the oral health of European population. It forecasts that more than 50% of the European population aged between 60 and 65 years may suffer from some or the other form of periodontitis and over 10% may suffer from severe disease. Thus, rising number of initiatives undertaken by the regional bodies to ensure proper oral care should escalate the demand for dental treatment, thereby increasing the adoption of DPMS across the region.
Increasing government and venture capital funding for DPMS will favour industry growth. Rise in governmental support assists in emergence of newer technologies. It also helps in development of healthcare infrastructure. For instance, the funding available for dentistry in France is 60%. Similarly, the Keating Government launched a Commonwealth Dental Health Program that offered additional funding to territories and states for public dental services for those with low income. Such factors will propel dental practice management software market growth.
Scheduling segment accounted for USD 65.0 million market size in 2017. Scheduling supports the dentist to schedule dental check-ups for patients and hence is an indispensable part of the software. Effective scheduling improves productivity of the dentists. Aforementioned advantages will spur segmental growth in upcoming years.
Cloud-based DPMS segment is poised to grow at robust 13.6% CAGR over the forecast timeframe. This delivery mode considerably reduces costs and lowers the risk of data theft. Benefits of cloud-based software including automatic data back-up and update, access at multiple locations, hardware diversity and other benefits will favor segment growth over the coming years.
Germany dental practice management software market accounted for 21.3% market share in 2017. High market size is attributable to growing geriatric patient pool coupled with increasing cases of dental disorders. According to United Nations (UN), in 2015, 28% of population in Germany were aged 60 years or above. Periodontal diseases and dental caries form a major part of dental disorders, thereby increasing demand for dental treatment. In addition, rising funding provided for dental care will stimulate Germany market growth over the coming years.
Some of the prominent market players in Europe dental practice management software market are Curve Dental, Carestream, Henry Schein and Patterson Companies. Major companies are focusing on strategic alliances and new technology introductions to expand market presence. For instance, in December 2016, Carestream Dental launched new software solution CS Boost that allows users to access their practice management software and electronic services. This strategy will expand the product portfolio, thereby offering competitive advantage.
Introduction of dental practice management software in Europe witnessed a slow adoption initially. However, increasing advantages of DPMS and improved productivity is set to propel market growth. Technological advancements along with rising incidence of dental disorders are factors augmenting industry growth. In addition, rising funding from government and private organizations coupled with growing need for cost containment will accelerate market size over the coming years.
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