The global orthopedic software market is broadly segmented by products, applications, and mode of delivery. The products market is further sub-segmented into pre-operative planning software, orthopedic EHR, practice management, orthopedic picture archiving and communication systems (PACS), and orthopedics revenue cycle management (RCM).
Global orthopedic software market is expected to grow at a CAGR of 5.1% from 2014 to 2020. Global orthopedic software market is largely driven by rising incidences of orthopedic ailments like arthritis and osteoporosis, high number of orthopedic surgeries, & growing geriatric population which is more prone to orthopedic related problems.
Focus on minimally invasive techniques for knee and hip surgeries as compared to traditional orthopedic surgeries is also expected to propel growth of this market.
Complete report on Orthopedic Software Market spread across 200 Pages, Profiling 10 Companies and Supported with 74 Tables and 25 Figures is now available at www.rnrmarketresearch.com/orthoped…arket-report.html
The report “Orthopedic Software Market - Global Forecast to 2020”, analyzes and studies major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
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By type of products, orthopedic software market is mainly sub-segmented into pre-operative planning software, orthopedic EHR, practice management, orthopedic picture archiving and communication systems (PACS), and orthopedics revenue cycle management (RCM). Market by applications covers orthopedic surgeries, joint replacement, fracture and limb deformity management, and pediatric assessment; while market by mode of delivery covers web-based, cloud based, and on premises systems.
Orthopedic Software Market, by Product
- Digital Templating / Pre-operative Planning
- Orthopedic EHR
- Practice Management
- Orthopedic Picture Archiving and Communication Systems (PACS)
- Orthopedic Revenue Cycle Management (RCM)
Orthopedic Software Market, by Applications
- Orthopedic Surgery
- Joint Replacement
- Fracture and Limb Deformity Management
- Pediatric Assessment
Geographically, North American market accounted for the largest share of global market in 2014, followed by Europe, Asia-Pacific, & Rest of the World (RoW). This is mainly due to relatively high penetration of orthopedic software market 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 countries that are expected to contribute to the growth of this region.
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Orthopedic digital templating is commonly used orthopedic software market by orthopedic surgeons for pre-operative planning of surgeries. In addition to this, orthopedic surgeons also use different software such as, practice management solutions, revenue cycle management software, electronic medical records solutions, and orthopedic PACS.
These software help orthopedic surgeons in increasing the overall operational efficiency of their practices.
Key market players are
Materialise NV (Belgium), Merge Healthcare Incorporated (U.S.), Brainlab AG (Germany), CureMD (U.S.), Medstrat, Inc. (U.S.), HealthFusion Inc. (U.S.), McKesson Corporation (U.S.), and Greenway Health (U.S.).
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Major share of North America in orthopedic software market is mainly due to high penetration of orthopedic software in the U.S. as compared to other regions. U.S.
records high incidence of musculoskeletal injuries. Growing geriatric population and rising hip and knee related problems have also increased the demand of orthopedic software in North America and Europe.
However, as compared to these regions, Asia-Pacific is expected to grow at highest rate due to rising acceptance of healthcare IT and increasing awareness in countries like China, Japan, and other South East Asian countries.
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