Grant View Research forecasts that the global practice management systems market will $17.6 billion by 2024.
Here are six things to know:
1. The report's forecast runs from 2013 to 2024.
2. Technology's growing role in both healthcare and practice management will prove instrumental to the increasing need for practice management.
3. The hospital industry's need to keep up with the times will force hospitals to constantly strive for centralized and digitalized backend processes.
4. With large amounts of people living 60 years and more in today's world, hospitals treat more and more people with lower immunity levels and a higher susceptibility to catching diseases. The report claims that the world's large aging population will bring about the need for more complex patient care, while also complicating the way in which payment will be handled.
5. These prominent factors highlight the need for integrated software.
6. The market for cloud-based delivery modes is expected to rise in the forecast's time period, as it potentially offers more flexibility and cost-efficiency for users.