HOME Top Market Reports Practice Management System Market by Products (Integrated, Standalone), Components (Services, Software), Delivery Mode (On-Premises/Desktop-Only, Web-Based, Cloud-Based) & by End-Users (Physician, Pharmacist, Diagnostic Labs) - Global Trends & Forecast to 2018

Practice Management System Market by Products (Integrated, Standalone), Components (Services, Software), Delivery Mode (On-Premises/Desktop-Only, Web-Based, Cloud-Based) & by End-Users (Physician, Pharmacist, Diagnostic Labs) - Global Trends & Forecast to 2018

By: marketsandmarkets.com
Publishing Date: May 2014
Report Code: HIT 2498

 

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The future growth prospect for the global practice management system market is optimistic and is estimated to grow at a decent CAGR of 8.6%to reach the market size of $247.1 million by 2018. The integrated PM system is the largest segment of this market. However, the cloud-based segment is the fastest growing segment with 12.1% CAGR from 2013-2018.

Burden of escalating care costs, need for integrated care system, and rising federal incentives are expected to positively influence the market growth, while lack of data confidentiality and exorbitant amount of time consumption for integration will hamper the growth momentum. The major challenge prevailing in this industry includes shortage of on-site IT support services. The emerging markets of Middle East, Australia, New Zealand, China, and India, cloud-based practice management system, and growing demand for patient-centric care approach present several growth opportunities for market participants operating in this arena.

The thorough analysis of market dynamics identified the ICD-10 and 5010 HIPAA transition as the burning issue in the practice management system market. On the other hand, development and launch of mobile apps were identified as a winning imperative.

The key players in the market are Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), Greenway Medical (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.), and NextGen Healthcare Information System LLC (U.S).

Scope of the Report

This research report categorizes the practice management system market on the basis of products (integrated and standalone), delivery mode (on-premises, web-based, and cloud-based), components (services and software) and end users (physicians, pharmacists, diagnostic labs and others).

By Product

  • Integrated
  • Standalone

By Components

  • Services
  • Software

By Delivery Mode

  • On-premises
  • Web-based
  • Cloud-based

By End-Users

  • Physicians
  • Pharmacists
  • Diagnostic Laboratories
  • Others

By Geography

  • North America
  • Europe
  • Asia
  • RoW (Rest of the World)

Table Of Contents
 
1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Secondary Sources
          1.5.2 Primary Sources
          1.5.3 Market Size Estimation
          1.5.4 Market Share
          1.5.5 Key Data From Secondary Sources
          1.5.6 Key Data Points From Primary Sources
          1.5.7 Assumptions
    1.6 Market Scope

2 Executive Summary (Page No. - 28)

3 Premium Insight (Page No. - 32)
    3.1 Practice Mgment System Market: A Snapshot
    3.2 Market Size
    3.3 Market Dynamics
    3.4 Geographic Analysis
    3.5 Component Market
    3.6 End User Market

4 Market Overview (Page No. - 38)
    4.1 Introduction
    4.2 Market Segmentation
    4.3 Market Dynamics
          4.3.1 Drivers
                  4.3.1.1 Growing Burden to Minimize the Healthcare Cost Will Drive the Pm System Market
                  4.3.1.2 Increasing Need to Integrate Healthcare System Will Propel Adoption of Pm Solutions
                  4.3.1.3 Rising Incentives By Federal Government to Fuel the Pm System Market
                  4.3.1.4 Growing Incidences of Medication Errors to Foster the Pm Market
                  4.3.1.5 High Return on Investment (Roi) Has Increased the Demand For Pm Solutions
          4.3.2 Restraints
                  4.3.2.1 High Cost & Time Required For Integration Will Hinder the Growth of This Market
                  4.3.2.2 Dearth of Trained It Professionals to Restrict the Market Growth
                  4.3.2.3 Data Privacy and Security Issues to Retard Market Growth
                  4.3.2.4 Interoperability Issues to Curb the Growth
          4.3.3 Opportunities
                  4.3.3.1 Growing Inclination towards Patient-Centric Care Approach offer Significant Opportunity For Growth
                  4.3.3.2 Emerging Markets Present Huge Growth Potential
                  4.3.3.3 Cloud-Hosted Models offer Significant Growth Opportunities
          4.3.4 Challenges
                  4.3.4.1 Shortage of on-Site It Support Will Negatively Affect the Market
    4.4 Winning Imperatives
          4.4.1 Mobile Health Applications For Better Practice Management
    4.5 Burning Issues
          4.5.1 Icd-10 & 5010 Hipaa Transition
    4.6 Porter’s Five Force Analysis
          4.6.1 Threat of New Entrants
          4.6.2 Threat of Substitute Products
          4.6.3 Bargaining Power of Buyers
          4.6.4 Bargaining Power of Suppliers
          4.6.5 Degree of Competition
    4.7 Market Share Analysis

5 By Product (Page No. - 54)
    5.1 Introduction
    5.2 Integrated Practice Management System
    5.3 Standalone Practice Management System

6 By Delivery Mode (Page No. - 61)
    6.1 Introduction
    6.2 on-Premise
    6.3 Web-Based
    6.4 Cloud-Based

7 By Component (Page No. - 71)
    7.1 Introduction
    7.2 Software
    7.3 Services

8 Practice Management System, By End User (Page No. - 76)
    8.1 Introduction
    8.2 Physicians
    8.3 Pharmacists
    8.4 Diagnostic Labs
    8.5 Others (Nurse Practitioners & Radiologists)

9 Geographic Analysis (Page No. - 99)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia
    9.5 Rest of the World (ROW)

10 Competitive Landscape (Page No. - 122)
    10.1 Introduction
    10.2 New Product Launches
    10.3 Partnerships, Collaborations& Agreements
    10.4 Mergers & Acquisitions
    10.5 Others Developments

11 Company Profiles (Business Overview, Financials, Products & Services, Key Strategy, Recent Developments, &Mnm View)* (Page No. - 131)
    11.1 Allscripts Healthcare Solutions, Inc.
    11.2 Athenahealth
    11.3 Cerner Corporation
    11.4 EPIC
    11.5 Eclinicalworks
    11.6 GE Healthcare
    11.7 Mckesson Corporation
    11.8 Medical Information Technology, Inc. (Meditech)
    11.9 Nextgen Healthcare Information System, Llc. (A Subsidiary of Quality Systems, Inc.)
    11.10 Vitera Healthcare Solutions (Greenway Medical)
 
*Details on Business Overview, Financials, Products & Services, Key Strategy, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

Appendix (Page No. - 167)

Other Developments (2011–2013)
 
 
List of Tables (69 Tables)

Table 1 Practice Management System Market Revenue, By Geography, 2011–2018 ($Million)
Table 2 Market Volume, By Geography, 2011–2018 (No. of Units)
Table 3 Market Revenue, By Product, 2011–2018 ($Million)
Table 4 Market Volume, By Product, 2011–2018 (No. of Units)
Table 5 Integrated Practice Mgment System Market Revenue, By Geography, 2011–2018 ($Million)
Table 6 Integrated PM System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 7 Standalone Practice Management System Market Revenue, By Geography, 2011–2018 ($Million)
Table 8 Standalone Practice Management System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 9 Global Market Revenue, By Delivery Mode, 2011–2018 ($Million)
Table 10 Global Market Volume, By Delivery Mode, 2011–2018 (No. of Units)
Table 11 on-Premise Practice Management System Market Revenue, By Geography, 2011–2018 ($Million)
Table 12 on-Premise PM System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 13 Web-Based Practice Management System Market Revenue, By Geography, 2011–2018 ($Million)
Table 14 Web-Based PM System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 15 Cloud-Based Practice Mgment System Market Revenue, By Geography, 2011–2018 ($Million)
Table 16 Cloud-Based PM System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 17 Market, By Component, 2011–2018 ($Million)
Table 18 Software Practice Management System Market, By Geography, 2011–2018 ($Million)
Table 19 Services Practice Mgment System Market, By Geography, 2011–2018 ($Million)
Table 20 Market Revenue, By End User, 2011–2018 ($Million)
Table 21 Market Volume, By End User, 2011–2018 (No. of Units)
Table 22 Physician Practice Management System Market Revenue, By Geography, 2011–2018 ($Million)
Table 23 Physician Practice Mgment System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 24 Pharmacist PM System Market Revenue, By Geography, 2011–2018 ($Million)
Table 25 Pharmacist PM System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 26 Diagnostic Labs Practice Management System Market Revenue, By Geography, 2011–2018 ($Million)
Table 27 Diagnostic Labs PM System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 28 Other End-Users Practice Mgment System Market Revenue, By Geography, 2011–2018 ($Million)
Table 29 Other End-Users PM System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 30 Global Market Revenue, By Geography, 2011–2018 ($Million)
Table 31 Global Practice Management System Market Volume, By Geography, 2011–2018 (No. of Units)
Table 32 North America: Market Revenue, By Product, 2011–2018 ($Million)
Table 33 North America: Market Volume, By Product, 2011–2018 (No. of Units)
Table 34 North America: Market Revenue, By Delivery Mode, 2011–2018 ($Million)
Table 35 North America: Market Volume, By Delivery Mode, 2011–2018 (No.of Units)
Table 36 North America: Market Revenue,By Component, 2011–2018 ($Million)
Table 37 North America: Market Revenue, By End User, 2011–2018 ($Million)
Table 38 North America: Market Volume, By End User, 2011–2018
Table 39 Europe: Market Revenue, By Product, 2011–2018 ($Million)
Table 40 Europe: Market Volume, By Product, 2011–2018 (No. of Units)
Table 41 Europe: Market Revenue, By Delivery Mode, 2011–2018 ($Million)
Table 42 Europe: Market Volume, By Delivery Mode, 2011–2018 (No.of Units)
Table 43 Europe: Market Revenue, By Component, 2011–2018 ($Million)
Table 44 Europe: Market Revenue, By End User, 2011–2018 ($Million)
Table 45 Europe: Market Volume, By End User, 2011–2018 (No.of Units)
Table 46 Asia: Market Revenue, By Product, 2011–2018 ($Million)
Table 47 Asia: Market Volume, By Product, 2011–2018 (No.of Units)
Table 48 Asia: Market Revenue, By Delivery Mode, 2011–2018 ($Million)
Table 49 Asia: Market Volume, By Delivery Mode, 2011–2018 (No. of Units)
Table 50 Asia: Market Revenue, By Component, 2011–2018 ($Million)
Table 51 Asia: Market Revenue, By End User, 2011–2018 ($Million)
Table 52 Asia: Market Volume, By End User, 2011–2018 (No. of Units)
Table 53 ROW: Market Revenue, By Product, 2011–2018 ($Million)
Table 54 ROW: Market Volume, By Product, 2011–2018 (No. of Units)
Table 55 ROW: Market Revenue, By Delivery Mode, 2011–2018 ($Million)
Table 56 ROW: Market Volume, By Delivery Mode, 2011–2018 (No.of Units)
Table 57 ROW: Market Revenue, By Component, 2011–2018 ($Million)
Table 58 ROW: Market Revenue, By End User, 2011–2018 ($Million)
Table 59 ROW: Market Volume, By End User, 2011–2018 (No. of Units)
Table 60 New Product Launches (2011–2014)
Table 61 Partnerships, Collaborations & Agreements (2011–2014)
Table 62 Mergers & Acquisitions (2011–2014)
Table 63 Other Developments (2011–2014)
Table 64 Allscripts: total Revenue, By Segment, 2011–2012 ($Million)
Table 65 Athenahealth: total Revenue, By Segment, 2011–2013 ($Million)
Table 66 Cerner Corporation: total Revenue, By Segment, 2010–2012 ($Million)
Table 67 Ge Company: total Revenue, By Segment, 2011–2013 ($Million)
Table 68 Mckesson: total Revenue, By Segment, 2011–2013 ($Million)
Table 69 Quality Systems: total Revenue, By Segment, 2011–2013 ($Million)

List of Figures (16 Figures)

Figure 1 Market Crackdown & Data Triangulation For Pm System
Figure 2 Market Forecasting Model
Figure 3 Market,By Product, 2013 Vs 2018 ($Million)
Figure 4 Snapshot of Practice Mgment System Market, 2013 ($Million)
Figure 5 Market Size, 2011–2018 ($Million)
Figure 6 Market Dynamics
Figure 7 Market, Geographic Analysis and Delivery Mode Market
Figure 8 Practice Management System Component Market, 2013 Vs 2018 (%)
Figure 9 Practice Management System End-Users Market, 2013 Vs 2018 ($Million)
Figure 10 Market Segmentation
Figure 11 Market: Porter’s Five Force Analysis
Figure 12 Practice Management System,Volume Market Share Analysis, By Key Players, 2013
Figure 13 Opportunity Matrix: Delivery Mode Market
Figure 14 Market,By End User, 2013 Vs 2018
Figure 15 Market,Geography Growth Phases
Figure 16 Key Growth Strategy, 2011–2014

The practice management system market is segmented on the basis of products (integrated and standalone), delivery mode (on-premises, web-based, and cloud-based), components (services and software), end users (physicians, pharmacists, diagnostic labs and others), and geography.

Based on products, the PM system market is divided into integrated and standalone solutions. The integrated PM segment is expected to grow at a decent growth rate owing to government mandates for integration of electronic health records (EHR) with PM system and meaningful use incentive program.

On the basis of delivery mode, the practice management system market is further classified as on-premises, web-based, and cloud-based. The cloud-hosted solutions accounted for the fastest growing segment due to remote accessibility of data and reduced operational costs. By end-user the industry is segmented into physicians, pharmacists, and diagnostic labs. The physician segment accounted for the largest as well as the fastest growing segment of the market in 2013.

The global market is expected to grow at a high single- digit CAGR to reach $247.1 million by 2018. The major factors fueling the growth of this market are high return on investment, growing incidences of medication errors, and firm government support in the form of incentives. However, the lack of data privacy, high maintenance expenses, and interoperability issues are restricting the growth of the practice management system market. The growing inclination towards patient-centric care approach, cloud-based models and emerging markets like Asia (China and India), Middle-East, and Pacific countries (Australia and New Zealand) present significant growth opportunities for the future.

The key industry participants in the market are Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), Greenway Medical (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.), and NextGen Healthcare Information System LLC (U.S).

Practice Management System Market Scenario

Practice Management System Market

Source: Press Releases, HIMSS Analytics, Healthcare IT news, Healthcare-informatics, Electronic Journal of Health Informatics, CCHIT, AHIMA, AMIA, AMA, IAMI, EFMI, NEHTA, Expert Interviews, and MarketsandMarkets Analysis

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