BESTSELLER

Orthopedic Software Market - Growth, Trends, and Forecast (2019 - 2024)

The Orthopedic Software Market is segmented by Product, Mode of Delivery (Cloud/Web Based and On-premises), Application, and Geography.

Market Snapshot

Orthopedic Software Market Image 1
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The orthopedic software market was valued at USD 272.46 million in 2018, and it is expected to register a CAGR of about 7.58 % during the forecast period, 2019-2024.

  • Orthopedic software is an alternate for the antiquated system, based on paper records. Orthopedic software technique helps to enhance medical proficiency in orthopedic surgeries and treatment.
  • With increasing patient population and advancements in the healthcare industry, the need to adopt technology has increased. With the increasing implementation of healthcare IT in the healthcare industry, the need for the ability to connect, combine, and share data quickly has also increased.
  •  Orthopedic software is a solution that can create a sustainable path for the growth of the orthopedic industry in the future. In addition, other factors, such as increasing orthopedic problems (due to aging), rising R&D (along with technological advancements), and adoption of minimally invasive surgery in developing and developed countries are contributing to the growth of the orthopedic software market.

Scope of the Report

Orthopedic software deals with a large amount of data from lab test results, including imaging during diagnosis and for follow-ups charts of the patient during recovery. For orthopedic surgeons, it has become mandatory to deal with a large amount of lab test results, especially when it comes to diagnostic imaging. For the sake of ease, orthopedic software, such as EHR, are being used currently in the orthopedic point of care.

The product type segmentation comprises of digital templating/pre-operative planning software, orthopedic electronic health record (EHR), orthopedic practice management, orthopedic picture archiving and communication systems (PACS), orthopedic revenue cycle management, and other equipment and systems.

 

By Product
Digital Templating/Preoperative Planning Software
Orthopedic Electronic Health Record (EHR)
Orthopedic Practice Management
Orthopedic Picture Archiving and Communication Systems (PACS)
Orthopedic Revenue Cycle Management
Other Equipment and Systems
By Mode of Delivery
Cloud/Web Based
On-premise
By Application
Orthopedic Surgery
Fracture Management
Other Applications
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

The Digital Templating/Preoperative Planning Software Segment is Expected to Grow at Rapid Pace

Preoperative planning for elective total hip arthroplasty (THA) is becoming important, as it prevents complications and also optimizes important geometric parameters, such as leg length, center of rotation, and femoro-acetabular offset adjustments. With the increasing use of digital radiography, many digital planning software programs are being offered, which are delivering high precision. Combining digital radiography with digital templating has the potential to eliminate errors associated with the manual manipulation of acetate templates and analog radiographs. Furthermore, the companies are innovating new software for the precision in total hip replacement (THR) and total knee replacement (TKR). Thus, this is likely to further augment the growth of the segment.

Orthopedic Softw

To understand key trends, Download Sample Report

North America is Expected to Dominate the Market, in Terms of Revenue, and Asia-Pacific is Poised to Grow at the Fastest Rate

The United States accounts for the largest share in the global orthopedic software market. As per the American Academy of Orthopedic Surgeons (AAOS), over 7 million people in the United States undergo hip or knee replacement surgery each year. This high number of surgeries indicates the increased burden of orthopedic disorders in the country. Moreover, population aging is also expected to drive the total number of orthopedic procedures. According to the US Census Bureau analysis, the elderly population is expected to nearly double in the next 25 years.

The Asia-Pacific region is expected to register the highest growth, during the forecast period. As the healthcare IT industry is growing in this region, the adoption of orthopedic software solutions is expected to rise during forecast period.

 

Orthopedic Software Market Image 3

To understand geography trends, Download Sample Report

Competitive Landscape

The global orthopedic software market is experiencing consolidation, the companies are focusing on the merger and acquisition strategies to improve their orthopedic specific product profile. Key players in the market include Athenahealth Inc., Brainlab AG, CureMd Healthcare, GE Healthcare, Greenway Health LLC, IBM Corporation (Merge Healthcare Inc.), Materialise NV, Medstrat Inc., and Nextgen Healthcare Information Systems LLC, among others.

Major Players

  1. Brainlab AG
  2. Materialise NV
  3. GE Healthcare
  4. Medstrat Inc.
  5. IBM Corporation (Merge Healthcare Inc.)

* Complete list of players covered available in the table of contents below

Orthopedic Software Market Image 5

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Aging Population

      2. 4.2.2 Increasing Orthopedic Problems and Injuries

      3. 4.2.3 Rising Adoption of Minimal Invasive Surgeries

      4. 4.2.4 Increasing R&D and Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Absence of Healthcare Insurances in the Emerging Economies

      2. 4.3.2 Lack of Skilled Professionals

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Digital Templating/Preoperative Planning Software

      2. 5.1.2 Orthopedic Electronic Health Record (EHR)

      3. 5.1.3 Orthopedic Practice Management

      4. 5.1.4 Orthopedic Picture Archiving and Communication Systems (PACS)

      5. 5.1.5 Orthopedic Revenue Cycle Management

      6. 5.1.6 Other Equipment and Systems

    2. 5.2 By Mode of Delivery

      1. 5.2.1 Cloud/Web Based

      2. 5.2.2 On-premise

    3. 5.3 By Application

      1. 5.3.1 Orthopedic Surgery

      2. 5.3.2 Fracture Management

      3. 5.3.3 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 US

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 UK

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East & Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East & Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Athenahealth Inc.

      2. 6.1.2 Brainlab AG

      3. 6.1.3 CureMd Healthcare

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Greenway Health LLC

      6. 6.1.6 IBM Corporation (Merge Healthcare Inc.)

      7. 6.1.7 Materialise NV

      8. 6.1.8 Medstrat Inc.

      9. 6.1.9 Nextgen Healthcare Information Systems LLC

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, SWOT Analysis, and Recent Developments

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information