According to FutureWise analysis the market for cloud-based dental practice management software in 2023 is US$ 0.71 billion, and is expected to reach US$ 1.66 billion by 2031 at a CAGR of 11.20%.
The cloud-based dental practice is a major driver of market expansion. The number of cloud-based dental practice management (DPM) software installations will increase as the number of practices or offices grows. Furthermore, factors such as the growing geriatric population, willingness to spend on dental care, particularly among baby boomers, and growing awareness about oral care are expected to drive market expansion. According to the American Dental Association, there will be 201,117 practicing dentists in the United States in 2020, up 2.7 % from 2015. Many people are graduating from dental schools and starting their own clinics. The market's consumer base is growing as a result of this. According to ADA forecasts, there will be 67 dentists per 100,000 people in the United States by 2040, with 67 % of dentists being under 55 years old. An increasing number of young dentists is predicted to enhance demand for cloud-based DPM software in the coming years, as the youthful demographic is more willing to use software and is eager to learn and implement the latest cloud technology.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Cloud-Based Dental Practice Management Software Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Cloud-Based Dental Practice Management Software Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.