Rapid Urbanization and digitization, advent of technologies like Internet of Things and cloud services, increase in interface points, ability to manage workflow and increase efficiency, maximum workforce utilization, and extensive research development are some of the factors, which are expected to grow the Medical Scheduling Software market.
Market Size – USD 224.8 million in 2018, Market Growth - CAGR of 12.7%, Market Trends – Incorporation of IT in healthcare, and changing lifestyle in developing countries
According to the current analysis of Reports and Data, the global medical scheduling software market was valued at USD 234.8 million in 2018 and is expected to reach USD 612.5 million by the year 2026, at a CAGR of 12.7%. The study provides an edge to overall insight into the factors responsible for the growth in the medical scheduling software market. The Healthcare sector is a crucial and integral part of human lives across the globe. Thus, any error committed in the clinical services or by healthcare providers might lead to defects or may be fatal. Recently, information and communication have been used extensively in the field of healthcare to improvise various operations and services. Patient appointment with clinicians is one of the key clinical services that has been automated during recent years. Healthcare providers efficiently reduce the operation cost, while improving the quality of healthcare services. Such systems have high potential to increase access to medical resources, while reducing cost. Simultaneously,. maximum utilization of the available resources is ensured to tackle unmet schedule constraints that may result in dissatisfaction among staff and patients.
Online scheduling software has become the most effective and efficient means to manage appointments and reservations. Moreover, it provides advanced functionality for process streamlining and the ease of access to facilitate constant touch among organizations and their customers/patients. As a result, it can significantly optimize service timelines and costs. The global rise in adoption of preventive medicine is a substantial factor fuelling the demand for online scheduling software. Depending on the number of scheduled appointments or reservations, adoption of the advanced scheduling techniques can have a significant effect on overall productivity. Furthermore, automatic reminders can also be sent via the online scheduling system. The rapid pace of innovation generates potential benefits and risks associated to public health. Therefore, FDA has issued guidelines to inform manufacturers, distributors, and other entities under the purview of FDA, to provide clarity and predictability to software manufacturers.
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The report provides a complete analysis of the global Medical Scheduling Software market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.
The key companies profiled in the market are:
- TimeTrade Systems, Yocale, American Medical Software, McKesson, StormSource, Voicent Communications, Total Recall Solutions, Daw Systems, Nuesoft Technologies, LeonardoMD, Beijing Ruiguang, and ByteBloc Software.
Further key findings from the report suggest
- Medical scheduling software market is growing at a CAGR of 22.7% in Asia Pacific, followed by North America and Europe, with 37.4% and 29.1% CAGR respectively.
- Advent of technologies like the Internet of Things has helped the growth of the medical scheduling software market, as increased connectivity and number of interface points has facilitated the development of robust medical scheduling software solutions.
- Parallel growth in the number of Small and Medium Scale Enterprises being set up across the various end-user industries has helped the medical scheduling software market expand.
- Governments are launching various server-based services in their countries and digitizing their existing services for ease of availing these public services and increase revenue. This is expected to supplement the growth of the medical scheduling software market.
- Technological advances in the field of healthcare IT has dramatically changed the healthcare services. The flexibility of online scheduling software broadens its utility for a variety of different services and activities at medical, healthcare and wellness facilities, such as scheduling patient appointments, treatments, and services.
- Although other alternatives exist for managing the appointment-booking process, online scheduling software is undoubtedly the most efficient and affordable option for all-sized organizations, regardless of the type of service they schedule.
- The time constrain and change in lifestyle is contributing to the growth of market as individuals hardly have time to spare for traditional booking methods. Moreover, internet users between the ages of 55-64 have significantly increased from 25% to 47%.
- The online interaction and transfer of information between a facility and its patients, with compliance to the Health Insurance Portability and Accountability Act (HIPAA) provisions is an important consideration when utilizing the online scheduling system. These factors are anticipated to propel the demand for the market
For the purpose of this report, Reports and Data has segmented the medical scheduling software market on the basis of deployment type, organization size, end use industry and region:
By Product Type (Revenue, USD Million, 2016 - 2026)
- Patient scheduling
- Care provider scheduling
- Bill Scheduling
- Automated reminders
- Patient informing tools
- Mobile applications
By Deployment Type (Revenue, USD Million, 2016 - 2026)
By Applications Type (Revenue, USD Million, 2016 - 2026)
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The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Medical Scheduling Software market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East Africa.
In-depth regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- Rest of MEA
The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Medical Scheduling Software market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Medical Scheduling Software market size
2.2 Latest Medical Scheduling Software market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Medical Scheduling Software market key players
3.2 Global Medical Scheduling Software size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Medical Scheduling Software market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
About Reports and Data
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