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The growing focus of organisations on optimizing workflow is resulting in the increased adoption of practice management software, such as chiropractic software. The software for chiropractic practice is designed to be user-centric and to enhance productivity. Based on deployment mode, the cloud based chiropractic software is expected to witness increased installations over the forecast period. This can be attributed to the increased consumer preference for cloud based technology owing to its various benefits, such as easy implementation and accessibility from remote areas, coupled with the rising demand for affordable healthcare services at minimal IT investment. The cloud based model fulfils these requirements without the need to install additional hardware or software. These factors are significantly contributing to the growth of the segment, thus, aiding the overall market.
The growing investments by manufacturers to constantly innovate their product portfolio and increase product capabilities are expected to significantly contribute to the industry growth. Practice Fusion, a key player in the industry, has seen investments from major entities such as Salesforce Ventures (NYSE: CRM), Tencent Holdings, and Qualcomm Ventures, among others. Meanwhile, MacPractice, one of the leading players in the industry, has developed a portfolio of best-in-class EMR, EHR, Imaging, and other clinical software products, further allowing the users to mix-and-match products to best suit their individual preferences and practice requirements. Further, the availability of customised solutions by some of the manufacturers to grab consumer attention is anticipated to positively influence the market growth over the forecast period.
Market Breakup by Deployment Mode, Application, End Use, and Region:
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The major players in the global chiropractic software market are MacPractice, Practice Fusion, Inc., and ChiroSpring, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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