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Population Growth to Lead Growth in Clinic Management Software

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Published on : Feb 18, 2020

ResearchMoz.us has announced the addition of a report, titled “Global Clinic Management Software Market Size, Status and Forecast 2020-2026”. The report on the Clinic Management Software market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application. The forecast period of the report is 2019 to 2025. Base year is 2018.

The clinic management software is a critical component for managing healthcare operations as they are capable of streamlining a number of processes such as appointments, billings and patient registration, new developments, medicines, treatments and so on. As the healthcare moves towards patients at the core of their services, need to be on toes regarding patient cases, however lengthy and complicated it might be, is on the rise.

As population in general and geriatric population in particular sees a massive rise, the market will see a steady growth curve, owing to a decent CAGR (Compound Annual Growth Rate), over the forecast period. As per a recent study by 2050, 2 billion people would be added to the current population of 7.7 billion, taking it to a hefty 9.7 billion mark.

The geriatric population too will see an increase. This rise is quite steep in the age group of 60 and above. From 900 million in 2015, the population will peak to a 2 billion by the end of 2050 that is 30 years into the future. And, the age group of 65 and above is also set to witness a slant slope in terms of increase. By 2050, one in every sic people will occupy this age group and in regions like that of North America and Europe, the ration will be more pronounced with a 1:4 statistic. 

An interesting fact to note here is that demographics shifted dramatically in 2018, when number of people aged 65 and above surpassed the number of people aged five and below. In fact, it was historic in the sense that mankind has never seen this kind of a shift ever before.

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By application, the report is segmented into hospital, sanatorium, family health care and insurance company. And, by product, it is segmented into basic, standard and senior.

The global clinic management software market is fragmented and key players that are also included in the list include Daycenta, HealthCare First, Homecare Homebase, Optima Healthcare Solutions, Careficient, GEHRIM, Netsmart,  MedBillit, PlayMaker Health, Mumms Software, Delta Health Technologies, Sevocity, HealthWyse, Consolo Services Group, FormDox, Change Healthcare, Thornberry, Hospice Tools, CareRight Technologies, and Curantis Solutions.

Region-wise, the market is segmented into the following regions:

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America

Owing to a rising geriatric population, robust healthcare infrastructure and a high level of technology adoption will ensure that North America and Europe hold a dominant position, by controlling a major share of the global clinical management software market. 

Another region that will keep players hooked to its growth story by charting a significant CAGR is the Asia Pacific (APAC). This CAGR will translate into a number of growth opportunities for players to make the most of. A lot of this growth is attributable to the rise in awareness regarding pros of using IT in management in the stated sector. Besides, as governments in the region are scurrying to improve medical outcomes, and this is one way that ensures the same.