The global practice management systems market is growing at a significant rate, due to the mounting occurrence of medication errors, and mounting requirement of an integrated healthcare system.
Different products such as an integrated practice management system and a standalone practice management system contributed to the practice management systems market size. The market has witnessed a high demand for an integrated practice management system due to government directives for the incorporation of electronic health records.
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The growing burden to decrease the healthcare cost, the mounting occurrence of medication errors, the mounting requirement of the integrated healthcare system, improving digitalization of healthcare and automation of healthcare facilities, strong government support, and high return on investment are the primary growth drivers for practice management systems market.
North America is the largest practice management systems market as in the region the awareness of patient is high.
Asia-Pacific is observed to witness the fastest growth in the market, due to rapid urbanization.
Key players in the practice management systems market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.
Allscripts Healthcare Solutions, Inc., eClinicalWorks LLC, Medical Information Technology, Inc. (Meditech), Athenahealth Inc., Mckesson Corporation, Cerner Corporation, and General Electric Company are the key players offering practice management systems.
Source: VynZ Research