The global practice management systems market is anticipated to hit $17.6 billion by 2024, according to a Grand View Research report.
Here are five insights:
1. The development of value-added service and the integration of practice management systems will drive market growth.
2. Hospitals are also centralizing and digitizing their back-end processes, which will spur growth in the space.
3. A growing aging population and improving healthcare facility infrastructure will also prove favorable to the market.
4. In 2015, software dominated the market; however, the services segment will see significant growth through 2024.
5. Key market players include:
• Henry Schein MicroMD in Youngstown, Ohio
• Allscripts Healthcare Solutions in Chicago
• AdvantEgde Healthcare Solutions in Lombard, Ill.
• athenahealth in Watertown, Mass.
• MediTouch in San Diego
• GE Healthcare in Little Chalfont, United Kingdom
• Practice Fusion in San Francisco
• Greenway Medical in Carrollton, Ga.
• McKesson Corp. in San Francisco
• Accumedic Computer Systems in Great Neck, N.Y.
• NextGen Healthcare Information System in Horsham, Pa.