Diagnostic Labs Practice Management System Market Revenue, By Geography, 2011–2018 ($Million)

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The future growth prospect for the global practice management system market is optimistic and is estimated to grow at a decent CAGR of 8.6%to reach the market size of $247.1 million by 2018. The integrated PM system is the largest segment of this market. However, the cloud-based segment is the fastest growing segment with 12.1% CAGR from 2013-2018.
The practice management system market is segmented on the basis of products (integrated and standalone), delivery mode (on-premises, web-based, and cloud-based), components (services and software), end users (physicians, pharmacists, diagnostic labs and others), and geography.
Burden of escalating care costs need for integrated care system, and rising federal incentives are expected to positively influence the market growth, while lack of data confidentiality and exorbitant amount of time consumption for integration will hamper the growth momentum. The major challenge prevailing in this industry includes shortage of on-site IT support services. The emerging markets of Middle East, Australia, New Zealand, China, and India, cloud-based practice management system, and growing demand for patient-centric care approach present several growth opportunities for market participants operating in this arena.
Scope of the Report
This research report categorizes the practice management system market based on products (integrated and standalone), delivery mode (on-premises, web-based, and cloud-based), components (services and software) and end users (physicians, pharmacists, diagnostic labs and others).
By Product
  • Integrated
  • Standalone
By Components
  • Services
  • Software
By Delivery Mode
  • On-premises
  • Web-based
  • Cloud-based
By End-Users
  • Physicians
  • Pharmacists
  • Diagnostic Laboratories
  • Others
By Geography
  • North America
  • Europe
  • Asia
  • RoW (Rest of the World)
The thorough analysis of market dynamics identified the ICD-10 and 5010 HIPAA transition as the burning issue in the practice management system market. On the other hand, development and launch of mobile apps were identified as a winning imperative.
Major Market Players
The key players in the market are Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), Greenway Medical (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.), and NextGen Healthcare Information System LLC (U.S).

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