10 November 2021

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Dental practice management software market to exceed $2.5B

Katherine E. Pfaff

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The worldwide market for software used in dental practice management is forecast to reach a value of $2.7 billion by 2026, according to market analysts, ReserachAndMarkets, in a recent report. The value of the market was estimated at $1.7 billion in 2020. The growth rate of the market is projected to be 8.2% CAGR between 2020 and 2026.  

As dental health care continues to grow and more patients and practitioners become aware of the importance of dental health, the market is expected to benefit. At the same time, poor habits like smoking, drinking alcohol, and unhealthy diets are contributing to oral disease. Large portions of patient populations are aging as well, leading to increased rates of dental disease. 

Within the market, the web-based segment of dental practice management software is expected to grow at a rate of 7.5% CAGR, achieving a value of $1.3 billion by the end of 2026. On the heels of the effect of the pandemic, the segment on cloud-based software is now expected to grow at a CAGR of 9.5%. Currently, cloud-based services make up 36.9% of the global market. 

By geography, the US market was valued at $642.8 million in 2021, which is 36.26% of the worldwide market.

Source: https://www.prnewswire.com/news-releases/global-dental-practice-management-software-market-report-2021-2026---digital-trends-transform-dental-practices-driving-opportunities-for-practice-management-software-301410892.html