The report “Orthopedic Software Market by Product
(Pre-operative Planning, Orthopedic EHR, Orthopedic PACS) by Applications
(Orthopedic Surgery, Joint Replacement, Fracture Management, Pediatric
Assessment) by Mode of Delivery - Global Forecast to 2020” The orthopedic software market is expected to
grow at a CAGR of 5.1% from 2014 to 2020 to reach $308.5 million by 2020
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“Orthopedic Software Market”
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Growing aging population, upsurge in the number of orthopedic
surgeries, and rising incidences of orthopedic problems such as arthritis and
osteoporosis are some of the factors propelling the growth of this market.
Rising incidences of lifestyle disorders like obesity is another factor leading
to orthopedic problems among patients, which is further expected to aid the
growth of this market. However, absence of healthcare insurance in emerging
economies, need of trained professionals, and high cost of surgeries may hinder
the growth of this market to a certain extent.
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The global orthopedic software market is segmented by products, applications, and mode of delivery.
Based on products,
the market is sub-segmented into pre-operative planning software, orthopedic
EHR, practice management, orthopedic picture archiving and communication
systems (PACS), and orthopedics revenue cycle management (RCM).
Based on applications,
the market covers orthopedic surgeries, joint replacement, fracture and limb
deformity management, and pediatric assessment.
Based on mode of
delivery is segmented by three types, namely, web-based, cloud based, and
on premises systems. Focus on minimally invasive techniques especially for knee
and hip replacement surgeries, as compared to traditional orthopedic surgeries,
is expected to propel the demand of orthopedic software
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Geographically, the North American market accounted for the
largest share of the global market in 2014, followed by Europe, Asia-Pacific,
and Rest of the World (RoW). This is mainly due to the relatively high
penetration of orthopedic software in North America as compared to Europe,
Asia-Pacific and RoW. However, Asia-Pacific region is expected to register
highest growth during the forecast period owing to increasing acceptance of
healthcare IT in this region. China and Japan are some of the countries that are
expected to contribute to the growth of this region.
Materialise NV (Belgium), Merge Healthcare Inc. (U.S.),
Brainlab AG (Germany), CureMD (U.S.), HealthFusion Inc. (U.S.), Medstrat, Inc.
(U.S.), McKesson Corporation (U.S.), and Greenway Health (U.S.) are some of the
leading players in this market. Acquisitions of similar players and new product
launches are some of the major strategies adopted by these companies for growth
and sustenance in this market.
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