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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