Practice management system market to grow to $17.6B by 2024: 4 things to know

The global practice management system market was valued at $6.9 billion in 2015 and is expected to continue growing in the coming years, according to the new report by Grand View Research.

Here are four things to know about the global practice management system market.

1. The market is forecasted to reach $17.6 billion by 2024.

2. A number of factors are expected to drive the demand of practice management, including development of value added services, i.e., integration of practice management system with other healthcare IT solutions (EHR, computerized provider order entry, laboratory information system and others), according to a news release.

3. Within the market, integrated software specifically is gaining popularity due to the trend of centralization within the healthcare industry and the rising complexities associated with patient care and payments, the release states.

4. The key suppliers of the practice management systems include companies such as:

  • Henry Schein MicroMD
  • Allscripts Healthcare Solutions
  • AdvantEgde Healthcare Solutions
  • Athenahealth
  • MediTouch
  • GE Healthcare
  • Practice Fusion
  • Greenway Medical
  • McKesson
  • Accumedic Computer Systems
  • NextGen Healthcare Information System

 

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