Market Trends of Preoperative Surgical Planning Software Industry
The Orthopedics Segment is Expected to Hold Significant Market Share During the Forecast Period
The preoperative surgical planning software market allows orthopedic surgeons to perform fast and accurate surgery planning for joint reconstruction, deformity correction, and general orthopedic surgeries. The major factors driving the segment growth are rising awareness about the benefits of using preoperative planning solutions for orthopedic surgery, increasing prevalence of orthopedic conditions coupled with the rising geriatric population, and growing strategic activities such as product launches and acquisitions by key players in the market.
The increasing prevalence of orthopedic diseases, along with the growing number of elderly people, leads to a higher demand for preoperative surgical planning software, which will increase segment revenue during the forecast period.
For instance, as per the study report titled published by Arthritis Research and Therapy in March 2023, the pooled prevalence of hip osteoarthritis diagnosed based on the K-L grade ≥ 2 criteria was 8.55% worldwide, and highest in Europe with 12.59% and the lowest in Africa at 1.20%. Thus, the significant percentage of hip osteoarthritis likely increases the need for surgical procedures where surgical planning software is used to decrease the complications in the surgery, which will drive the market during the forecast period.
Also, the increasing strategic activities, such as new software launches and acquisitions, increase the accessibility of preoperative surgical planning solutions in the market, which will accelerate the market during the forecast period. For instance, in August 2024, Formus Labs reported that it received 510(k) clearance from the US Food and Drug Administration (FDA) for Formus Hip, an automated radiological image processing software” for hip replacement pre-op planning. Hence, such product launches are expected to drive the market during the forecast period.
Similarly, in December 2022, Paragon 28 acquired Disior Oy, a foot and ankle anatomy-focused 3D analytics pre-op planning software company. This acquisition aimed to combine the company's broad product portfolio with Disior Oy's software to improve patient outcomes eventually. Hence, such acquisitions increase the accessibility of advanced preoperative surgical planning software and drive the segment revenue.
Hence, the increasing prevalence of orthopedic diseases coupled with the rising geriatric population and growing strategic activities, such as acquisitions and product launches by key players, are expected to drive the market during the forecast period.
North America is Expected to Hold the Significant Market Share During the Forecast Period
The preoperative surgical planning software market in North America is primarily driven by increasing demand for minimally invasive surgeries, advanced healthcare infrastructure, growing digitalization of healthcare systems, and rising investments in the development of preoperative surgical planning solutions.
The trend toward minimally invasive surgeries (MIS) is increasing as patients demand fast recovery and reduced postoperative complications. Preoperative surgical planning software can assist in precise navigation and instrument placement during MIS, boosting adoption and driving the market during the forecast period.
For instance, according to a report published by the Canadian Journal for Surgery in November 2022, minimally invasive surgery decreases length of stay, pain, and complications such as surgical site infection. It was used in 44% of cases across the country, with British Columbia and Ontario as the territories exceeding that rate. Hence, the increasing demand for MIS drives the demand for preoperative surgical planning software to increase the success rate and will drive the market during the forecast period.
Similarly, according to an article published by the Canadian Institute for Health Information in March 2023, among adults aged 18 and older, between April 2022 and September 2022, about 34105 knee replacements were performed across Canada. Hence, the significant number of surgical procedures performed in Canada is expected to increase the demand for preoperative surgical planning software and accelerate the market growth during the forecast period.
Also, the increasing strategic activities in the region are expected to drive the market during the forecast period. For instance, in June 2023, SMAIO, a US healthcare technology company, reported receiving 510(k) clearance from the US Food and Drug Administration for the customized surgery planning software co-developed with NuVasive. This customized surgery planning software is based on SMAIO's previously released vertebral realignment planning technology, Balance Analyzer 3D.
Similarly, in July 2023, Stryker reported the commercial launch of its Q Guidance System with its Cranial Guidance Software. This software uses active and passive tracking technology to offer neurosurgeon guidance and planning capabilities. Hence, the strategic initiatives increase the accessibility of surgical planning solutions and will drive the market during the forecast period.
Hence, the increasing demand for minimally invasive surgeries and growing strategic activities, such as product launches by key players, are expected to drive the demand for North America's preoperative surgical planning software market.
