While the physician practice management industry has fallen recently, the demand for practice assistance remains. Instead of turning the practice over to an outside company, some physicians are purchasing the software and other tools to support their practice, pushing PPM systems to a $2.36 billion market in 1998, according to a new report from Frost and Sullivan.
The report predicts the current pool of approximately 1,400 vendors will shrink to 450 by 2005, with the top 150 companies increasing market share to 79 percent, from 60 percent in 1998.
See publication for graphs and tables
Revenue forecast for PPM systems 1995-2005
Percent of vendor offerings by functionality
Market share of vendors
Percent forecast for PPM systems market by application
Forecast for physician groups by group size