Report ID: SQMIG45E2183
Report ID:
SQMIG45E2183 |
Region:
Global |
Published Date: October, 2024
Pages:
253
|
Tables:
90 |
Figures:
76
North America is dominating the market due to several key factors, including a well-established healthcare infrastructure, high adoption rates of advanced technologies, and robust investment in healthcare IT solutions. The presence of regional key software vendors along with the regulatory support with regards to the shift to electronic health records and adoption of value-based care as well is expected to help the global medical practice management software market growth. In addition, there is the emergence of demand for advanced solutions for practice management due to the focus of the region on improving efficiency of operations and results of patient care. The increase in the government activities directed at promoting the digitization of healthcare and the boost in the attention on data analytics and interoperability also helped maintain the North American region's position in this market.
Europe is emerging as the fastest-growing region in the global medical practice management software market, driven by a strong push towards digital transformation in healthcare systems across the continent. The government is making policies for improving quality of healthcare services, improving patient involvement and reducing the administrative burden on health systems by using electronic health records (EHRs) and practice management systems. A rise in data security concerns, the need to integrate systems and abide by laws such as GDPR also contributes to the growth of the market. In addition, there are telehealth-centered healthcare services and mobile care solutions which increase the need for sophisticated software development and hence Europe leads the innovation on medical practice management solutions.
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Report ID: SQMIG45E2183