Practice Management System Market - Global Trends & Forecast to 2018

Practice Management System Market - Global Trends & Forecast to 2018

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Published on May 19, 2014 - 173 pages

Practice Management System Market by Products (Integrated, Standalone), Components (Services, Software), Delivery Mode (On-Premises/Desktop-Only, Web-Based, Cloud-Based) & by End-Users (Physician, Pharmacist, Diagnostic Labs) - Global Trends & Forecast to 2018

The Practice management (PM) system offers advanced scheduling, patient registration, medical billing, stores demographic data, claims management, and reporting.

The developing markets of Middle East, Australia, New Zealand, China, India, Singapore and Malaysia were identified as high growth markets due to favorable government incentives and developing IT infrastructure

In addition, the cloud-based PM system and integrated PM solutions are expected to be the new revenue pockets in this market. Cloud-based model offers enhanced data accessibility at low cost. Integrated system are expected to be the new revenue pockets on account of ongoing federal mandates for integration of electronic health records with PM system for Meaningful Use incentives. In addition, the services segment and web-based PM system segment are the key playing fields. It is attributed to indispensible nature of the services market and remote data accessibility and enhanced security of the stored data.

The new and innovative product launch was found to be the dominant strategy adopted by the key industry participants to cater the unmet market needs and to increase their market share.

The deviations and the overlap of revenues between the end-users in a number of sources was the major challenge faced while estimating the market size. This challenge was overcome by the validating the data through a large number of industry experts and key opinion leaders.

From an insight perspective, this research report focuses on the qualitative data, market size, share, and growth of various segments and sub-segments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats). The report also offers market shares, sizes, and related growth of various segments in the industry. It also focuses on the emerging and high-growth segments of practice management system market, high-growth regions, and the initiatives of respective governments. The competitive landscape covers the growth strategies adopted by industry players in the last three years. The company profiles comprise the basic views on the key players in the practice management system market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size, and forecast of future trends will help the key players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.

Table of Contents

1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
1.5.1 SECONDARY SOURCES
1.5.2 PRIMARY SOURCES
1.5.3 MARKET SIZE ESTIMATION
1.5.4 MARKET SHARE
1.5.5 KEY DATA FROM SECONDARY SOURCES
1.5.6 KEY DATA POINTS FROM PRIMARY SOURCES
1.5.7 ASSUMPTIONS
1.6 MARKET SCOPE
2 EXECUTIVE SUMMARY
3 PREMIUM INSIGHT
3.1 PRACTICE MANAGEMENT SYSTEM MARKET, A SNAPSHOT
3.2 MARKET SIZE
3.3 MARKET DYNAMICS
3.4 GEOGRAPHIC ANALYSIS
3.5 COMPONENT MARKET
3.6 END USER MARKET
4 MARKET OVERVIEW
4.1 INTRODUCTION
4.2 MARKET SEGMENTATION
4.3 MARKET DYNAMICS
4.3.1 DRIVERS
4.3.1.1 Growing burden to minimize the healthcare cost will drive the PM system market
4.3.1.2 Increasing need to integrate healthcare system will propel adoption of PM solutions
4.3.1.3 Rising incentives by federal government to fuel the PM system market
4.3.1.4 Growing incidences of medication errors to foster the PM market
4.3.1.5 High return on investment (ROI) has increased the demand for PM solutions
4.3.2 RESTRAINTS
4.3.2.1 High cost & time required for integration will hinder the growth of this market
4.3.2.2 Dearth of trained IT professionals to restrict the market growth
4.3.2.3 Data privacy and security issues to retard market growth
4.3.2.4 Interoperability issues to curb the growth
4.3.3 OPPORTUNITIES
4.3.3.1 Growing inclination towards patient-centric care approach offer significant opportunity for growth
4.3.3.2 Emerging markets present huge growth potential
4.3.3.3 Cloud-hosted models offer significant growth opportunities
4.3.4 CHALLENGES
4.3.4.1 Shortage of on-site IT support will negatively affect the market
4.4 WINNING IMPERATIVES
4.4.1 MOBILE HEALTH APPLICATIONS FOR BETTER PRACTICE MANAGEMENT
4.5 BURNING ISSUES
4.5.1 ICD-10 & 5010 HIPAA TRANSITION
4.6 PORTER'S FIVE FORCE ANALYSIS
4.6.1 THREAT OF NEW ENTRANTS
4.6.2 THREAT OF SUBSTITUTE PRODUCTS
4.6.3 BARGAINING POWER OF BUYERS
4.6.4 BARGAINING POWER OF SUPPLIERS
4.6.5 DEGREE OF COMPETITION
4.7 MARKET SHARE ANALYSIS
5 PRACTICE MANAGEMENT SYSTEM MARKET, BY PRODUCT
5.1 INTRODUCTION
5.2 INTEGRATED PRACTICE MANAGEMENT SYSTEM
5.3 STANDALONE PRACTICE MANAGEMENT SYSTEM
6 PRACTICE MANAGEMENT SYSTEM MARKET, BY DELIVERY MODE
6.1 INTRODUCTION
6.2 ON-PREMISE
6.3 WEB-BASED
6.4 CLOUD-BASED
7 PRACTICE MANAGEMENT SYSTEM MARKET, BY COMPONENT
7.1 INTRODUCTION
7.2 SOFTWARE
7.3 SERVICES
8 PRACTICE MANAGEMENT SYSTEM, BY END USER
8.1 INTRODUCTION
8.2 PHYSICIANS
8.3 PHARMACISTS
8.4 DIAGNOSTIC LABS
8.5 OTHERS (NURSE PRACTITIONERS & RADIOLOGISTS)
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.3 EUROPE
9.4 ASIA
9.5 REST OF THE WORLD (ROW)
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 NEW PRODUCT LAUNCHES
10.3 PARTNERSHIPS, COLLABORATIONS & AGREEMENTS
10.4 MERGERS & ACQUISITIONS
10.5 OTHERS DEVELOPMENTS
11 COMPANY PROFILES
(Overview, Financials, Products & Services, Strategy, & Developments)*
11.1 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.
11.2 ATHENAHEALTH
11.3 CERNER CORPORATION
11.4 EPIC
11.5 ECLINICALWORKS
11.6 GE HEALTHCARE
11.7 MCKESSON CORPORATION
11.8 MEDICAL INFORMATION TECHNOLOGY, INC. (MEDITECH)
11.9 NEXTGEN HEALTHCARE INFORMATION SYSTEM, LLC. (A SUBSIDIARY OF QUALITY SYSTEMS, INC.)
11.10 VITERA HEALTHCARE SOLUTIONS (GREENWAY MEDICAL)



Companies Mentioned:

ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.
ATHENAHEALTH
CERNER CORPORATION
EPIC
ECLINICALWORKS
GE HEALTHCARE
MCKESSON CORPORATION
MEDICAL INFORMATION TECHNOLOGY, INC. (MEDITECH)
NEXTGEN HEALTHCARE INFORMATION SYSTEM, LLC. (A SUBSIDIARY OF QUALITY SYSTEMS, INC.)
VITERA HEALTHCARE SOLUTIONS (GREENWAY MEDICAL)