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Follow on Google News | What Is the Current Scenario of the Practice Management Systems Market?The global practice management systems market is predicted to reach a value of $16.0 billion by 2023, increasing from $9.3 billion in 2017, progressing at a 9.7% CAGR during the forecast period (2018–2023).
By: P&S Intelligence On the basis of product, the practice management systems market (https://www.psmarketresearch.com/ Make an Enquiry before Purchase:https://www.psmarketresearch.com/ North America contributed the largest revenue share to the practice management systems market in the past, owing to the presence of key players related to healthcare information exchange, expansion of the IT industry, and digitization of documents and databases in the region. In addition to this, the electronic medical record adoption among primary care physicians in Canada is registering rapid growth, which is further leading to the growth of the regional market. Other than this, the demand for practice management systems is also expected to rise in Asia-Pacific during the forecast period. Receive Sample Copy of this Report:https://www.psmarketresearch.com/ Another factor resulting in the growth of the market is the changing dynamics of healthcare institutes and their business models. As per the data published in 2018 by the American Hospital Association, there were over 5,500 hospitals in the U.S. About 2,500 hospitals among these were non-profit organizations. This rising establishment of medium and small hospitals in the U.S. is projected to lead to the increasing demand for practice management systems in the coming years. In conclusion, the market is being driven by the increasing requirement for reducing the cost of healthcare services and the changing dynamics of the healthcare industry. End
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