Attractive Growth Opportunities in Orthopedic Software Market During 2012–2020

Factors Which Are Driving Orthopedic Software Market 

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.

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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Key players :

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.

Market Geography:

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.

About Report :

The global market is broadly segmented into products, applications, and mode of delivery. By type of products, this 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). The market by applications covers orthopedic surgeries, joint replacement, fracture and limb deformity management, and pediatric assessment; while the market by mode of delivery covers web-based, cloud based, and on premises systems.

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