The global medical scheduling software market expected to be US$ 267.83 Mn in 2018 and is predicted to grow at a CAGR of 13.0% during the forecast period 2019 – 2027, to reach US$ 789.56 Mn by 2027.
Europe is the second largest geographic market and is expected to be the second largest revenue contributor throughout the forecast period. The region has witnessed several technological advancements in the field of healthcare by the incorporation of digital technology in order to increase the efficiency of healthcare facilities in the region. The growth is driven by the factors such as, adoption of reforms to reduce waiting times, growth of the private healthcare sector as well as increase in the use of information technology in healthcare industry.
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The major players operating in the medical scheduling software market include, MPN Software Systems, Inc., American Medical Software, TimeTrade, AdvancedMD, Inc., StormSource, LLC, ByteBloc Software, Daw Systems, Inc., WellSky, Voicent Communications Inc., and Yocale Network Corporation. The market has witnessed limited developments during the recent years. During July, 2018, AdvancedMD completed the acquisition of Nuesoft Technologies, Marietta, Georgia-based SaaS platform providing practice management, clinical and medical billing applications to simplify all aspects of running an independent practice.
Global medical scheduling software market, based on software was segmented as, into web based software and installed software. In 2018, the web based software held the largest share of the market, by software. In addition, the segment is anticipated to grow at a significant rate during the forecast period. Web based software helps in providing easy access for confirming an appointment. In addition, it provides other facilities such as reminders for appointments and is cost effective as well as time saving compared to the installed software.
Patient-centric care is defined as healthcare system that establishes partnership among practitioners and patients to ensure the decisions are supportive of the patient’s demands and needs. In recent years, advanced technologies are being utilized through which personalized data and interactions prompted by the patient are able to be managed by the patient as well as the provider. Smartphones are known as significantly important tools that help to change health-related behaviors and to manage hospital schedules by patients and medical staff. These internet-based tools also contribute to make healthcare practices more easy and manageable by, collecting health data or healthcare information and offer services to the patients in terms of providing appropriate guidance regarding the concern physicist and the related details of the time availability and appointment scheduling. Due to the easy access and vast variety of applications, large number of people utilize these tools to eliminate waiting times and get convenient appointments through an accessible way.
The report segments the global medical scheduling software market as follows:
Global Medical Scheduling Software Market – By Software
Global Medical Scheduling Software Market – By End User
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