Global Orthopedic Software Market, By Product (Pre-Operative Planning, Orthopedic EHR, Orthopedic PACS), Applications (Orthopedic Surgery, Joint Replacement, Fracture Management, Pediatric Assessment), Mode of Delivery (Web Based, Cloud Based, On Premises), End Users (Hospitals, Ambulatory Care centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Orthopedic Software Market
The orthopedic software market is expected to witness market growth at a rate of 6.08% in the forecast period of 2021 to 2028 and is expected to reach USD 6,250.29 million by 2028. Data Bridge Market Research report on orthopedic software market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prevalence of orthopedic diseases is escalating the growth of orthopedic software market.
Orthopedic software refers to the type of software that assists in preserving electronic health records of patients and further guides’ surgeons during operation of the patients. Surgeons use these records to prepare a pre-operative plan by delivering the accurate patient information which is used as guidance during surgery. Due to the excessive time consumption of this procedure, orthopedic software is being deployed across hospitals, surgery centers and specialty orthopedic clinics.
The increase in adoption of orthopedic EHR, templating and pre-operative planning software acts as one of the major factors driving the growth of orthopedic software market. The rise in the number of orthopedic surgeries, increasing demand for faster data sharing and the consumer preference towards minimally invasive procedures accelerate the orthopedic software market growth. The increase in pressure to improve the quality of care and reduce healthcare costs and high adoption of EHRs and other eHealth solutions further influence the orthopedic software market. Additionally, growth in aging population, growth in aging population, rising awareness among population and surge in healthcare expenditure positively affects the orthopedic software market. Furthermore, consumer preference towards patient-centric healthcare delivery and availability of orthopedic software as cloud-based solutions and their use in mobile platforms extend profitable opportunities to the orthopedic software market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the deployment, requirement of heavy infrastructure investments and reluctance among orthopedicians to use orthopedic software due to privacy and data security concerns and dearth of skilled professionals act as the factors expected to obstruct the orthopedic software market growth. Lack of interoperability and integration and lack of awareness are projected to challenge the orthopedic software market in the forecast period of 2021-2028.
This orthopedic software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on orthopedic software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Orthopedic Software Market Scope and Market Size
The orthopedic software market is segmented on the basis of product, applications, mode of delivery and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the orthopedic software market is segmented into pre-operative planning, orthopedic EHR and orthopedic PACS.
- On the basis of applications, the orthopedic software market is segmented into orthopedic surgery, joint replacement, fracture management and pediatric assessment.
- On the basis of mode of delivery, the orthopedic software market is segmented into web based, cloud based and on premises.
- On the basis of end users, the orthopedic software market is segmented into hospitals, ambulatory care centers and others.
Global Orthopedic Software Market Country Level Analysis
The orthopedic software market is analyzed and market size insights and trends are provided by country, product, applications, mode of delivery and end users as referenced above.
The countries covered in the global orthopedic software market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the orthopedic software market due to the high adoption of the software, rise in elderly population and increase in knee and hip related problems and adoption of data sharing and orthopedic HER in the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the rise in the penetration of healthcare IT, increase in orthopedic procedures and growing consumer awareness in developing countries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The orthopedic software market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopedic software market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic software market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Orthopedic Software Market Share Analysis
The orthopedic software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic software market.
The major players covered in the orthopedic software market report are Materialise, IBM Watson Health, BRAINLAB, ORG, CureMD Healthcare, Medstrat, Inc., McKesson Corporation, Greenway Health, LLC, General Electric Company, Exscribe Orthopaedic Healthcare Solutions, Advanced Biologics, LLC, Koninklijke Philips N.V., The Ohio Willow Wood Company, Response Ortho, Vorum Research Corp. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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