Global Orthopedic Software Market Opportunities and Forecast 2023-2030

Orthopedic Software Market Overview

However, the musculoskeletal conditions are often a major burden on patients and healthcare systems as an entire. Osteoarthritis, osteoporosis, rheumatoid arthritis, and lower back pain are most commonly occurring musculoskeletal conditions globally. Increasing anticipation and therefore the growth within the geriatric population are expected to form osteoarthritis the fourth-leading explanation for disability by 2020.

Also, this process, if administered manually, isn't only highly time-consuming but also increases the probabilities of introducing a mistake. This issue is definitely overcome by installing orthopedic software in hospitals, surgery centres, and orthopedic specialty clinics. The increase within the population affected by arthritis, especially osteoarthritis across the world, including an upsurge within the geriatric population is about to propel the marketplace for orthopedic software worldwide. The escalation in sports-based injuries, also as injuries because of road accidents, will cause an increase in orthopedic procedures and thus impact the expansion of the orthopedic software market

The incidence of other orthopedic conditions is additionally expected to extend within the coming years in line with the expansion within the geriatric population. Because of the efficient use of orthopedic software in healthcare facilities there are facing shortages of qualified resources. And, there's endless need for technical support for maintaining the server and network. As healthcare organizations become increasingly sophisticated with their IT initiatives, human resource leaders are experiencing a replacement set of hiring challenges.
 
Covid-19 Impact on Orthopedic Software Market:

In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.

The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
 
Orthopedic Software Market Segment Overview

By products, the availability of orthopedic PACS integrated with digital templating software increases the demand for orthopedic PACS because it enables surgeons to undertake digital templating more effectively. This reduces the main focus on tedious surgical procedures. It also reduces the additional costs required for the sterilization of apparatus. By applications, The Joint replacement of market segment accountable major market share. By end-user, the orthopedic software market is segmented into hospitals, ambulatory care centers, and other end users. The hospital's segment holds a significant share of the orthopedic software market.

Market Analysis, Insights and Forecast – By Product Type
·       Orthopedic Picture Archiving and Communication Systems (PACS)
·       Orthopedic Electronic health records
·       Digital templating/Pre-operative Planning software
·       Orthopedic Practice management
·       orthopedic revenue cycle management (RCM)

Market Analysis, Insights and Forecast – By End Use
·        Hospitals
·       Ambulatory Care centers
·       Others
 
Market Analysis, Insights and Forecast – By Application
·       Joint Replacement
·       Fracture Management
·       Pediatric Assessment
·       Others
 
Orthopedic Software Market Regional Overview

Region-wise, in terms of regions, North America was observed to be the biggest orthopedic software market because of extensive technological advancements within the region. Countries like the U.S. and Canada are successful in implementing eHealth and mHealth also as advanced visualization systems in their healthcare system, which might, in turn, boost the orthopedic software market growth. The rising preference for minimally invasive procedures and constantly improving reimbursement scenarios would further propel the market growth.

Orthopedic Software Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Orthopedic Software Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Orthopedic Software are highlighted below.
 
·        In 2019, Smith & Nephew announced the acquisition Of Brainlab AG, Orthopedic Joint Reconstruction .This acquisition supports Smith & Nephew’s strategy to take a position in best-in-class technologies that increase its multi-asset digital surgery and robotic ecosystem.
 
Orthopedic Software Market, Key Players

·       Smith & Nephew
·       Exscribe Orthopedic Healthcare Solutions
·       Materialise NV
·       Merge Healthcare Incorporated
·       Brainlab AG
·       CureMD, Medstrat, Inc.
·       HealthFusion Inc.
·       McKesson Corporation
·       Brainlab AG
·       CureMD Healthcare
·       NextGen Healthcare LLC
·       GE Healthcare
·       Philips Healthcare