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Global Chiropractic Software Market to Grow at a CAGR of 5.3% During 2021-2026, Aided by the Rapid Technological Advancements and Growing Focus on Optimizing Workflow

According to a new report by EMR titled, ‘Global Chiropractic Software Market Report and Forecast 2021-2026’, the global market for chiropractic software is expected to grow at a CAGR of 5.3% between 2021 and 2026.

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:

  • Based on deployment mode, the industry can be bifurcated into on premises and cloud based software. 
  • On the basis of application, the industry can be segmented into individual practitioners, medium practices, and large practices, among others.
  • The various end use sectors of chiropractic software include hospitals, and research institutes, among others.
  • Region-wise, the global market for chiropractic software can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The industry is being driven by the growing focus of end-users on increasing productivity and providing improved healthcare services. 
  • The industry is receiving a further impetus with the rapid technological advancements and the growing popularity of cloud based technology.  
  • The growing shift from traditional to automated business models in the healthcare sector is further propelling the industry growth. 
  • The growing focus of manufacturers on providing customised solutions to gain a competitive advantage is expected to further accelerate the growth rate of the industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for chiropractic software for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the deployment modes, applications, end uses, and major regions of chiropractic software.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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