- HealthTech
- Friday, 24 Apr 2020
Medical Scheduling Software Market Growth Insights to 2027 - MPN Software Systems, American Medical Software, TimeTrade
Web based software segment is expected to grow the market for medical scheduling software over the forecast period for software segment.
According to The Insight Partners market research study titled 'Medical Scheduling Software Market to 2027 – Global Analysis and Forecasts by Software and End User'. The Global Medical Scheduling Software Market is expected to reach US$ 789.56 Mn in 2027 from US$ 267.83 Mn in 2018. The market is estimated to grow with a CAGR of 13.0% from 2019-2027. The report highlights the trends prevalent in the global medical scheduling software market and the factors driving the market along with those that act as deterrents to its growth.
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.
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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.
Increasing Usage of Smartphones, Tablets & Pads To Boost Adoption Of Solutions
Advancements in technology have always had major impact in the field of medicine. Smartphone is one of the most dynamic and ubiquitous trend in communication. Mobile phones can also be used for communicating through different platforms such as email, performing Internet searches, and various other applications. Smartphones are one of the fastest growing sectors in the technology industry, and its impact in medicine has already been observed significantly. Smartphones aren’t just making it easier in terms of day to day chores; the technology is also streamlining care for both physicians and patients. Hospitals are making significant investments in smartphone and secure mobile platforms to enable communications between clinicians and between them and patients, according to a new survey. Clinicians will often use both a hardened device and a consumer-grade smartphone to communicate with one another and patients. For example, purpose-built devices can be integrated with in-hospital patient call systems, so nurses are paged when a patient hits the call button, increasing responsiveness. The increasing use of smartphones are thereby expected to provide opportunities for the rising use of mobile-based applications by both healthcare providers and patients to streamline workflow and avoid inconvenience such as hospital waiting time, availability of admission beds and others.
The market for medical scheduling software is expected to grow, owing to factors such as rising adoption of patient-centric approach by healthcare providers and shortage of nursing staff and doctors. In addition, increasing usage of smartphones, tablets & pads to boost adoption of solutions is likely to have a positive impact on the growth of the market in the coming years.
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.
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