Dental practice management software market to top $2.4B by 2024: 5 key facts

Analysts predict the dental practice management software market will reach $2.4 billion by 2024, growing at a 11.6 percent compound annual growth rate, according to a Global Market Insights report.

Here are five key facts:

1. The growth can be attributed to the rising prevalence of oral disease, with 25 percent of people ages 65 to 74 suffering from periodontal disease.

2. Additionally, cloud-based solutions are driving the market growth along with investments from capital firms and government regulations supporting the technology.

3. The market will need to overcome the lack of skilled IT professionals within the scope of the specific software.

4. The U.S. holds the largest market share. In 2017, the U.S. accounted for more than 35 percent of the global revenue.

5. Key market players include Patterson Dental, Henry Schein, Carestream Dental, Quality Systems and Curve Dental.

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