T a b l e o f C o n t e n t s
L i s t o f T a b l e s
R e l a t e d R e p o r t s
S a m p l e T a b l e s
Products (Integrated, Standalone), Components (Services, Software), Delivery mode
(On-premises/Desktop-only, Web-based, Cloud-based) & End-Users (Physician, Pharmacist, Diagnostic Labs)
– Global Trends & Forecast to 2018
1
INTRODUCTION
1.1
OBJECTIVES OF THE STUDY
To define and measure the global practice management system market
To analyze the market structure by identifying the various segments and
sub-segments of the global practice management system market
To forecast the revenue of the global practice management system market and to
strategically analyze each sub-market with respect to individual growth trends and contributions to the overall practice management system market
To identify the major market trends and factors driving or inhibiting the growth of the
global practice management system market and its sub-segments
To analyze the opportunities in the market for stakeholders by identifying the
high-growth segments
To forecast the global practice management system market with respect to the major
geographic segments, namely, North America, Europe, Asia, and the Rest of the World (RoW) (LATAM, Africa, Middle East, and Pacific countries)
To strategically profile the key players in the global practice management system
market and to comprehensively analyze their product portfolios, key financials, core competencies, growth strategies, and market shares
To track and analyze competitive developments such as alliances, joint ventures,
mergers and acquisitions, new product developments, and approvals in the global practice management system market
1.2
REPORT DESCRIPTION
Practice management (PM) system is a category of healthcare software which is used to manage the day-to-day operations of medical practice. The PM system offers advanced scheduling, patient registration, medical billing, stores demographic data, claims management, and reporting. The market for practice management system was valued at $XX million in 2013
and is forecast to grow at a healthy CAGR of XX% by 2018 to reach $XX million. The PM system market is segmented by product type, delivery mode, component, and end user utilizing PM solutions for managing clinics and offices. The cloud-based system will be the fastest growing segment of the PM system market in 2013.
The growing need to integrate healthcare systems, rising incidences of claim failure, firm government support and initiatives, increase in patient awareness, and better healthcare are the major factors driving the growth of this market. However, the time required for completing implementation of the system, high initial cost, and dearth of trained IT professionals are restricting the growth momentum of this market.
North America is the largest market for practice management system, followed by Europe. Both markets will register single-digit growth rates for the next five years. The Asian market is poised to grow at double-digit rate owing to the increasing investment opportunities for companies in these immature markets.
The key players in the market are Epic (U.S.), Cerner Corporation (U.S.), GE Healthcare (U.K.), Allscripts Healthcare Solutions, Inc. (U.S.), NextGen Healthcare Information System LLC (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.), athenahealth, Inc. (U.S.), and Greenway Medical (U.S.).
1.3
MARKETS COVERED
This research report categorizes the practice management system market into the following segments:
Practice Management (PM) System Market, by Product Integrated
Web-based Cloud-based
Practice Management (PM) System Market, by Component Software
Services
Practice Management (PM) System Market, by End User Physicians
Pharmacists Diagnostic Labs
Others (Nurse Practitioners and Radiologists)
Practice Management (PM) System Market, by Geography North America
Europe Asia
Rest of the World (RoW)
The report covers value and volume analysis for all segments except for components where volume analysis is not possible.
1.4
STAKEHOLDERS
Healthcare IT Vendors
Healthcare IT Service Provider Physicians Pharmacists
Diagnostic Labs Nurse Practitioners
Radiologists Healthcare Payers Healthcare Consultants
Healthcare Associations/Institutes
Business Research and Consulting Service Providers Venture Capitalists
1.5
RESEARCH METHODOLOGY
1.5.1
SECONDARY SOURCES
MarketsandMarkets Repository: Healthcare IT Market
Other Related Reports (Clinical Decision Support System (CDSS) Market, among
others)
Company-specific Sources: Annual Reports
Press Releases
Corporate Presentations SEC Filings
Associations and Groups:
Healthcare Information and Management Systems Society (HIMSS) The Certification Commission for Health Information Technology (CCHIT)
The National E-Health Transition Authority (NEHTA) European Federation for Medical Informatics (EFMI) Indian Association for Medical Informatics (IAMI)
Paid Sources: Factiva OneSource Hoovers Bloomberg
Social Networking and Databases: LinkedIn
Melt-water Zintro
1.5.2
PRIMARY SOURCES
Supply Side: Top-level Executives, Marketing Managers, Sales Managers, Regional Managers Demand Side: Physicians, Radiologists, Nurse Practitioners, Pharmacists, Diagnostic Labs Others: Independent Consultants and Freelancers
1.5.3
MARKET SIZE ESTIMATION
This research study involved the usage of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Business-week, Factiva, and One-Source to identify and collect information useful for this market-oriented and commercial study of the global market. The primary sources considered were from both demand and supply side, and mainly were industry experts and consultants from related industries. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.
In the extensive secondary research process for this study, secondary sources such as certified publications, articles from recognized authors, white papers, annual reports of companies,
directories, and databases were referred for identifying and collecting information useful for this technical and commercial study of the global practice management system market. In the primary research process, primary sources from the supply side (industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations) in the practice management system market and the demand side (physicians, laboratories, radiologists, purchase managers) have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
Secondary research was used to obtain key information about the value chain, market’s monetary chain, and market classification and segmentation according to industry trends. Extensive primary research was used to gather extensive information, verify and validate critical numbers arrived at, segmentation types, industry trends, key players, competitive landscape (of each type of practice management system market), key market dynamics such as drivers, restraints, opportunities, challenges, and key player strategies.
For market engineering and market crackdown, both top-down and bottom-up approaches were used to estimate and validate the size of the global practice management system market and its various segments and sub-segments. The research methodology used to estimate the market size includes study of authentic secondary sources and validating the data through primary sources from both demand and supply side.
The research methodology includes study of the annual and financial reports, company websites of top market players, and also extensive interviews for key insights from the manufacturers (CEOs, directors, and marketing executives). All the percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data is consolidated and added with detailed inputs and analysis in this report.
The following figure shows an illustrative representation of the market estimation process implemented in this study to arrive at the global market size of the various segments studied in the report.
FIGURE 1
MARKET CRACKDOWN & DATA TRIANGULATION FOR PM SYSTEM
Practice Management System Market Revenue
Volume sales
Bottom-up
Secondary Sources Primary Research
North America
Europe
Asia
RoW Physicians
Pharmacists Diagnostic
Labs Others On-premise
Cloud-based Web-based Integrated
Standalone Software
Services
Top-down
Source: Annual Reports, SEC Filings, Press Releases, HIMSS Analytics, Healthcare IT news, Healthcare-informatics, Electronic Journal of Health Informatics, CCHIT, AHIMA, AMIA, AMA, IAMI, EFMI, NEHTA, Expert Interviews, and MarketsandMarkets Analysis
The figure shows the market statistics arrived at for the practice management system market. Both, top-down and bottom-up approaches were used for market crackdown and triangulation.
Total practice management system market was arrived at using volume sales data available through secondary research and the bottom-up approach. The market value obtained was further validated and triangulated through authentic secondary sources and expert interviews. The practice management system market was further broken down into various products,
components, delivery modes, geographies and end-users by top-down approach. All the data obtained was triangulated using primary and secondary sources.
FIGURE 2
MARKET FORECASTING MODEL
Historical Data for the PM System Market
Pricing Trends PM System Adoption Rate Volume Analysis Competitive Landscape Regulatory Landscape Geographic Usage Pattern Influencing Factors (Market Trends and
Dynamics)
Market Drivers
• Need to curb the escalating care costs
• Demand for integrated care system
• Firm government support
Market Opportunities
• Emerging markets • Growing inclination towards
patient-centric care approach
Market Restraints
• Interoperability issues • Huge time requirement for
integration • Dearth of trained IT
professionals
Market Acceptance and Penetration
Market Challenges
• Shortage of on-site maintenance services
Geographic Analysis
• High penetration in developed markets • U.S. occupies more
than 70% share
Government support to promote PM solutions: Medicare & Medicaid incentives (U.S.), Wareed Project (U.A.E.), e-Japan policy (Japan), and Health Connect (Australia)
Forecasting
Historical Data of Market
Impact of Market Trends
Market Size & Forecast by Application Area and Components Market Size & Forecast by Delivery
Mode and End Users
Arrive at the Market Size, Share, and CAGR for the
PM System Market
Market Share Value Analysis
Source: Annual Reports, SEC Filings, Press Releases, HIMSS Analytics, Healthcare IT news, Healthcare-informatics, Electronic Journal of Health Informatics, CCHIT, AHIMA, AMIA, AMA, IAMI, EFMI, NEHTA, Expert Interviews, and MarketsandMarkets Analysis
1.5.4
MARKET SHARE
Methodology
Market shares are calculated on the basis of secondary data available through paid and unpaid sources, analyzing product portfolios of major companies, and rating them on the basis of performance and quality. This data was further validated by primary sources.
1.5.5
KEY DATA FROM SECONDARY SOURCES
Data Secondary Source
Market Revenues
Company Financials, Magazines, Journals, Associations, Press Releases, Paid Databases, MarketsandMarkets Data Repository
Healthcare Information and Management Systems Society (HIMSS), The Certification Commission for Health Information Technology (CCHIT), The American Health Information Management Association (AHIMA), American Medical Informatics Association (AMIA), American Medical Association (AMA), The National E-Health Transition Authority (NEHTA), European Federation for Medical Informatics (EFMI), Indian Association for Medical Informatics (IAMI), Other Country Association. Market Revenues of
Companies
Annual Reports, SEC Filings, Company Websites, Public Databases, and MarketsandMarkets Data Repository
Qualitative Information (Market Dynamics and Market Trends)
Company Website, Annual Reports, Press Releases, Databases, MarketsandMarkets Data Repository.
Healthcare Information and Management Systems Society (HIMSS), The Certification Commission for Health Information Technology (CCHIT), The American Health Information Management Association (AHIMA), American Medical Informatics Association (AMIA), American Medical Association (AMA), The National E-Health Transition Authority (NEHTA), European Federation for Medical Informatics (EFMI), Indian Association for Medical Informatics (IAMI), Other Country Association.
1.5.6
KEY DATA POINTS FROM PRIMARY SOURCES
Parameter
Data Points
Market Size CAGR% Split
The Global Practice
Management System Market
The Global Market Size for 2013 and CAGR for the Forecast Period (2013–2018)
~XX million XX%–XX% (CAGR)
The Global Practice
Management System Market, by Geography
A Geographic Split for the Overall Market in 2013
North America XX%–XX%
Europe XX%–XX%
Asia XX%–XX%
The Global Practice
Management System Market, by Product
Market Split for Product Segments
Integrated XX%–XX% Standalone XX%–XX%
1.5.7
ASSUMPTIONS
Parameter Assumption
Market Growth
The CAGR for the forecast period is assumed to be normalized and the effect of inflation, recession, economic downturn, regulatory or policy changes, or other factors are not considered.
Average Selling Price (ASP)
ASP is the installation price to the end users such as physicians, pharmacists, diagnostic labs, and others.
1.6
MARKET SCOPE
The scope of this research study covers the global and regional markets for practice management system, by product type, delivery mode, component, and end user. The report does not include country-level data.
The practice management system is defined as, ‘An application that provides the registration, scheduling, and billing functions for a physician office or clinic’ (Source: HIMSS).
The integrated practice management system is defined as the integration of practice management system and electronic health records (EHRs).
Particulars Scope
Geography
• North America
• Europe
• Asia
• RoW Historic Years 2011-2012 Base Year 2013 Forecast Period 2014–2018 Revenue Currency USD ($)
TABLE OF CONTENTS
1
INTRODUCTION ... 17
1.1
OBJECTIVES OF THE STUDY ... 17
1.2
REPORT DESCRIPTION ... 17
1.3
MARKETS COVERED ... 18
1.4
STAKEHOLDERS ... 19
1.5
RESEARCH METHODOLOGY ... 20
1.5.1 SECONDARY SOURCES ... 20
1.5.2 PRIMARY SOURCES ... 21
1.5.3 MARKET SIZE ESTIMATION ... 21
1.5.4 MARKET SHARE ... 24
1.5.5 KEY DATA FROM SECONDARY SOURCES ... 25
1.5.6 KEY DATA POINTS FROM PRIMARY SOURCES ... 26
1.5.7 ASSUMPTIONS ... 26
1.6
MARKET SCOPE ... 27
2
EXECUTIVE SUMMARY ... 28
3
PREMIUM INSIGHT ... 32
3.1
PRACTICE MANAGEMENT SYSTEM MARKET, A SNAPSHOT ... 32
3.2
MARKET SIZE ... 33
3.3
MARKET DYNAMICS ... 34
3.4
GEOGRAPHIC ANALYSIS ... 35
3.5
COMPONENT MARKET ... 36
3.6
END USER MARKET ... 37
4
MARKET OVERVIEW ... 38
4.3.1.1 Growing burden to minimize the healthcare cost will
drive the PM system market ... 41
4.3.1.2 Increasing need to integrate healthcare system will propel adoption of PM solutions ... 42
4.3.1.3 Rising incentives by federal government to fuel the PM system market ... 42
4.3.1.4 Growing incidences of medication errors to foster the PM market ... 43
4.3.1.5 High return on investment (ROI) has increased the demand for PM solutions ... 43
4.3.2 RESTRAINTS ... 44
4.3.2.1 High cost & time required for integration will hinder the growth of this market ... 44
4.3.2.2 Dearth of trained IT professionals to restrict the market growth ... 44
4.3.2.3 Data privacy and security issues to retard market growth ... 45
4.3.2.4 Interoperability issues to curb the growth ... 45
4.3.3 OPPORTUNITIES ... 45
4.3.3.1 Growing inclination towards patient-centric care approach offer significant opportunity for growth ... 45
4.3.3.2 Emerging markets present huge growth potential ... 46
4.3.3.3 Cloud-hosted models offer significant growth opportunities ... 46
4.3.4 CHALLENGES ... 47
4.3.4.1 Shortage of on-site IT support will negatively affect the market ... 47
4.4
WINNING IMPERATIVES ... 47
4.4.1 MOBILE HEALTH APPLICATIONS FOR BETTER PRACTICE MANAGEMENT ... 47
4.5
BURNING ISSUES ... 48
4.5.1 ICD-10 & 5010 HIPAA TRANSITION ... 48
4.6
PORTER’S FIVE FORCE ANALYSIS ... 49
4.6.1 THREAT OF NEW ENTRANTS ... 50
4.6.2 THREAT OF SUBSTITUTE PRODUCTS ... 50
4.6.3 BARGAINING POWER OF BUYERS ... 50
4.6.5 DEGREE OF COMPETITION ... 50
4.7
MARKET SHARE ANALYSIS ... 51
5
PRACTICE MANAGEMENT SYSTEM MARKET, BY PRODUCT ... 54
5.1
INTRODUCTION ... 55
5.2
INTEGRATED PRACTICE MANAGEMENT SYSTEM ... 56
5.3
STANDALONE PRACTICE MANAGEMENT SYSTEM ... 59
6
PRACTICE MANAGEMENT SYSTEM MARKET, BY DELIVERY
MODE ... 61
6.1
INTRODUCTION ... 62
6.2
ON-PREMISE ... 64
6.3
WEB-BASED ... 66
6.4
CLOUD-BASED ... 68
7
PRACTICE MANAGEMENT SYSTEM MARKET, BY COMPONENT ... 71
7.1
INTRODUCTION ... 72
7.2
SOFTWARE ... 73
7.3
SERVICES ... 74
8
PRACTICE MANAGEMENT SYSTEM, BY END USER ... 76
8.1
INTRODUCTION ... 77
8.2
PHYSICIANS ... 80
8.3
PHARMACISTS ... 82
8.4
DIAGNOSTIC LABS ... 84
8.5
OTHERS (NURSE PRACTITIONERS & RADIOLOGISTS) ... 86
9
GEOGRAPHIC ANALYSIS ... 88
9.1
INTRODUCTION ... 89
9.2
NORTH AMERICA ... 93
10
COMPETITIVE LANDSCAPE ...122
10.1
INTRODUCTION ... 122
10.2
NEW PRODUCT LAUNCHES ... 124
10.3
PARTNERSHIPS, COLLABORATIONS & AGREEMENTS ... 126
10.4
MERGERS & ACQUISITIONS ... 128
10.5
OTHERS DEVELOPMENTS ... 130
11
COMPANY PROFILES ...131
(Overview, Financials, Products & Services, Strategy, & Developments)*
11.1
ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. ... 131
11.2
ATHENAHEALTH ... 135
11.3
CERNER CORPORATION ... 139
11.4
EPIC... 143
11.5
ECLINICALWORKS ... 145
11.6
GE HEALTHCARE ... 147
11.7
MCKESSON CORPORATION ... 153
11.8
MEDICAL INFORMATION TECHNOLOGY, INC. (MEDITECH) ... 157
11.9
NEXTGEN HEALTHCARE INFORMATION SYSTEM, LLC. (A
SUBSIDIARY OF QUALITY SYSTEMS, INC.) ... 159
11.10
VITERA HEALTHCARE SOLUTIONS (GREENWAY MEDICAL) ... 163
*Details on Financials, Product & Services, Strategy, & Developments might not be captured in case of unlisted companies.
12
APPENDIX ...167
LIST OF TABLES
UU
TABLE 1 PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY GEOGRAPHY, 2011–2018 ($MILLION) 30
TABLE 2 PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 31
TABLE 3 PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE), BY PRODUCT,
2011–2018 ($MILLION) 55
TABLE 4 PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY PRODUCT, 2011–2018 (NO. OF UNITS) 56
TABLE 5 INTEGRATED PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY GEOGRAPHY, 2011–2018 ($MILLION) 57
TABLE 6 INTEGRATED PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 58
TABLE 7 STANDALONE PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY GEOGRAPHY, 2011–2018 ($MILLION) 59
TABLE 8 STANDALONE PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 60
TABLE 9 GLOBAL PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY DELIVERY MODE, 2011–2018 ($MILLION) 63
TABLE 10 GLOBAL PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY DELIVERY MODE, 2011–2018 (NO. OF UNITS) 64
TABLE 11 ON-PREMISE PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY GEOGRAPHY, 2011–2018 ($MILLION) 65
TABLE 12 ON-PREMISE PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 66
TABLE 13 WEB-BASED PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY GEOGRAPHY, 2011–2018 ($MILLION) 67
TABLE 14 WEB-BASED PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 68
TABLE 15 CLOUD-BASED PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VALUE), BY GEOGRAPHY, 2011–2018 ($MILLION) 69
TABLE 16 CLOUD-BASED PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 70
TABLE 17 PRACTICE MANAGEMENT SYSTEM MARKET, BY COMPONENT,
TABLE 20 PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE), BY END
USER, 2011–2018 ($MILLION) 78
TABLE 21 PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME), BY END
USER, 2011–2018 (NO. OF UNITS) 79
TABLE 22 PHYSICIAN PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY GEOGRAPHY, 2011–2018 ($MILLION) 80
TABLE 23 PHYSICIAN PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 81
TABLE 24 PHARMACIST PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY GEOGRAPHY, 2011–2018 ($MILLION) 82
TABLE 25 PHARMACIST PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 83
TABLE 26 DIAGNOSTIC LABS PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VALUE), BY GEOGRAPHY, 2011–2018 ($MILLION) 84
TABLE 27 DIAGNOSTIC LABS PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 85
TABLE 28 OTHER END-USERS PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VALUE), BY GEOGRAPHY, 2011–2018 ($MILLION) 86
TABLE 29 OTHER END-USERS PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 87
TABLE 30 GLOBAL PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY GEOGRAPHY, 2011–2018 ($MILLION) 90
TABLE 31 GLOBAL PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY GEOGRAPHY, 2011–2018 (NO. OF UNITS) 91
TABLE 32 NORTH AMERICA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VALUE), BY PRODUCT, 2011–2018 ($MILLION) 95
TABLE 33 NORTH AMERICA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY PRODUCT, 2011–2018 (NO. OF UNITS) 96
TABLE 34 NORTH AMERICA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VALUE), BY DELIVERY MODE, 2011–2018 ($MILLION) 96
TABLE 35 NORTH AMERICA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY DELIVERY MODE, 2011–2018 (NO. OF UNITS) 97
TABLE 36 NORTH AMERICA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VALUE), BY COMPONENT, 2011–2018 ($MILLION) 98
TABLE 37 NORTH AMERICA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VALUE), BY END USER, 2011–2018 ($MILLION) 99
TABLE 38 NORTH AMERICA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE
(VOLUME), BY END USER, 2011–2018 100
TABLE 39 EUROPE: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY PRODUCT, 2011–2018 ($MILLION) 103
TABLE 40 EUROPE: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
TABLE 41 EUROPE: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY DELIVERY MODE, 2011–2018 ($MILLION) 104
TABLE 42 EUROPE: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY DELIVERY MODE, 2011–2018 (NO. OF UNITS) 105
TABLE 43 EUROPE: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY COMPONENT, 2011–2018 ($MILLION) 105
TABLE 44 EUROPE: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY END USER, 2011–2018 ($MILLION) 106
TABLE 45 EUROPE: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY END USER, 2011–2018 (NO. OF UNITS) 107
TABLE 46 ASIA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY PRODUCT, 2011–2018 ($MILLION) 109
TABLE 47 ASIA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY PRODUCT, 2011–2018 (NO. OF UNITS) 110
TABLE 48 ASIA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY DELIVERY MODE, 2011–2018 ($MILLION) 110
TABLE 49 ASIA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY DELIVERY MODE, 2011–2018 (NO. OF UNITS) 111
TABLE 50 ASIA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY COMPONENT, 2011–2018 ($MILLION) 112
TABLE 51 ASIA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY END USER, 2011–2018 ($MILLION) 113
TABLE 52 ASIA: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY END USER, 2011–2018 (NO. OF UNITS) 114
TABLE 53 ROW: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY PRODUCT, 2011–2018 ($MILLION) 116
TABLE 54 ROW: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY PRODUCT, 2011–2018 (NO. OF UNITS) 117
TABLE 55 ROW: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY DELIVERY MODE, 2011–2018 ($MILLION) 118
TABLE 56 ROW: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
BY DELIVERY MODE, 2011–2018 (NO. OF UNITS) 119
TABLE 57 ROW: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY COMPONENT, 2011–2018 ($MILLION) 119
TABLE 58 ROW: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY END USER, 2011–2018 ($MILLION) 120
TABLE 59 ROW: PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VOLUME),
TABLE 63 OTHER DEVELOPMENTS (2011–2014) 130
TABLE 64 ALLSCRIPTS: TOTAL SIZE (VALUE), BY SEGMENT, 2011–2012
($MILLION) 132
TABLE 65 ATHENAHEALTH: TOTAL SIZE (VALUE), BY SEGMENT, 2011–2013
($MILLION) 136
TABLE 66 CERNER CORPORATION: TOTAL SIZE (VALUE), BY SEGMENT,
2010–2012 ($MILLION) 140
TABLE 67 GE COMPANY: TOTAL SIZE (VALUE), BY SEGMENT, 2011–2013
($MILLION) 149
TABLE 68 MCKESSON: TOTAL SIZE (VALUE), BY SEGMENT, 2011–2013
($MILLION) 154
TABLE 69 QUALITY SYSTEMS: TOTAL SIZE (VALUE), BY SEGMENT, 2011–2013
LIST OF FIGURES
FIGURE 1 MARKET CRACKDOWN & DATA TRIANGULATION FOR PM SYSTEM 23
FIGURE 2 MARKET FORECASTING MODEL 24
FIGURE 3 PRACTICE MANAGEMENT SYSTEM MARKET, BY PRODUCT, 2013 VS 2018
($MILLION) 29
FIGURE 4 SNAPSHOT OF PRACTICE MANAGEMENT SYSTEM MARKET, 2013
($MILLION) 32
FIGURE 5 PRACTICE MANAGEMENT SYSTEM MARKET SIZE, 2011–2018
($MILLION) 33
FIGURE 6 MARKET DYNAMICS 34
FIGURE 7 PRACTICE MANAGEMENT SYSTEM MARKET, GEOGRAPHIC ANALYSIS &
DELIVERY MODE MARKET 35
FIGURE 8 PRACTICE MANAGEMENT SYSTEM COMPONENT MARKET, 2013 VS 2018
(%) 36
FIGURE 9 PRACTICE MANAGEMENT SYSTEM END-USERS MARKET, 2013 VS 2018
($MILLION) 37
FIGURE 10 PRACTICE MANAGEMENT SYSTEM MARKET SEGMENTATION 40
FIGURE 11 PRACTICE MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCE
ANALYSIS 49
FIGURE 12 PRACTICE MANAGEMENT SYSTEM, VOLUME MARKET SHARE ANALYSIS,
BY KEY PLAYERS, 2013 52
FIGURE 13 OPPORTUNITY MATRIX: DELIVERY MODE MARKET 62
FIGURE 14 PRACTICE MANAGEMENT SYSTEM MARKET, BY END USER,
2013 VS 2018 77
FIGURE 15 PRACTICE MANAGEMENT SYSTEM MARKET, GEOGRAPHY GROWTH
PHASES 92
SAMPLE TABLES
TABLE 1
PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY PRODUCT, 2011–2018 ($MILLION)
Product 2011 2012 2013 2018 CAGR%
(2013–2018)
Integrated XX XX XX XX XX
Standalone XX XX XX XX XX
Total XX XX XX XX XX
Source: Annual Reports, SEC Filings, Press Releases, HIMSS Analytics, Healthcare IT news, Healthcare-informatics, Electronic Journal of Health Informatics, CCHIT, AHIMA, AMIA, AMA, IAMI, EFMI, NEHTA, Expert Interviews, and MarketsandMarkets Analysis
TABLE 2
GLOBAL PRACTICE MANAGEMENT SYSTEM MARKET SIZE (VALUE),
BY DELIVERY MODE, 2011–2018 ($MILLION)
Delivery Mode 2011 2012 2013 2018 CAGR%
(2013–2018)
On-premise XX XX XX XX XX
Web-based XX XX XX XX XX
Cloud-based XX XX XX XX XX
Total XX XX XX XX XX
Source: Annual Reports, SEC Filings, Press Releases, HIMSS Analytics, Healthcare IT news, Healthcare-informatics, Electronic Journal of Health Informatics, CCHIT, AHIMA, AMIA, AMA, IAMI, EFMI, NEHTA, Expert Interviews, and MarketsandMarkets Analysis
TABLE 3
SERVICES PRACTICE MANAGEMENT SYSTEM MARKET,
BY GEOGRAPHY, 2011–2018 ($MILLION)
Region 2011 2012 2013 2018 CAGR%
(2013–2018)
North America XX XX XX XX XX
Europe XX XX XX XX XX
Asia XX XX XX XX XX
RoW XX XX XX XX XX
Total XX XX XX XX XX
Source: Annual Reports, SEC Filings, Press Releases, HIMSS Analytics, Healthcare IT news, Healthcare-informatics, Electronic Journal of Health Informatics, CCHIT, AHIMA, AMIA, AMA, IAMI, EFMI, NEHTA, Expert Interviews, and MarketsandMarkets Analysis
RELEATED REPORTS
CLINICAL DECISION SUPPORT SYSTEM (CDSS) MARKET BY PRODUCT -
INTEGRATED (EHR, CPOE)], MODEL (KNOWLEDGE-BASED), APPLICATIONS (DRUG ALLERGY ALERTS, DRUG INTERACTIONS), DELIVERY MODE (WEB-BASED, CLOUD-BASED), COMPONENT (HARDWARE, SOFTWARE) - GLOBAL FORECAST TO 2018
The global CDSS market is estimated to cross $550 million by 2018, at a CAGR of close to 10.0% between 2013 and 2018. The rising budgetary pressure to reduce healthcare expenditures, growth in aging population, rising incidences of various diseases due to medication errors, growing need to integrate healthcare IT solutions, improved quality of care and clinical outcomes, and presence of favorable government initiatives are the significant factors propelling the growth of this market in the forecast period. However, rising incidences of data breach and loss of confidentiality, high maintenance and service expenses, shortage of trained IT professionals, and high cost of CDSS solutions are the factors that are hindering the market growth.
HEALTHCARE IT MARKET BY APPLICATION [PROVIDER IT (EMR, PACS, CPOE,
RIS, CDSS, RCM, CLAIMS MANAGEMENT, PAYROLL), PAYER IT (CRM, FRAUD DETECTION)], DELIVERY MODE (ON-PREMISES, WEB-BASED SERVICES & CLOUD COMPUTING) & COMPONENT – GLOBAL FORECASTS TO 2017
Countries such as Brazil, India, China and Russia are moving ahead to adopt such modern technologies to minimize healthcare cost and to provide primary and secondary healthcare services to large rural population. Technology driven healthcare programs such as Telemedicine projects are growing in all four countries. Such projects are increasing use of healthcare information technology. Since these countries are still in emerging stage in terms of HCIT usage hence it is essential to start with basic healthcare IT solutions such as EMR’s and CPOE. These technologies in their basic form can be easily implemented at minimal cost, at least in urban healthcare institutions. Government initiatives towards healthcare system development and modernization are the major reasons behind HCIT growth in these countries.
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