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Orthopedic Software Market worth $308.5 Million by 2020

 



(PharmaNewsWire.Com, May 10, 2017 ) 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

Browse 74 market data tables and 25 figures spread through 200 pages and in-depth TOC on “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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