Orthopedic Software Market worth $308.5 Million by 2020

1. MarketsandMarkets Presents Orthopedic Software Market - Global Forecasts to 2020 https://www.marketsandmarkets.com/Market-Reports/orthopedic-software-market-94720371.html

2. • 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. 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. • 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). While on the basis of applications, the market covers orthopedic surgeries, joint replacement, fracture and limb deformity management, and pediatric assessment; the market 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. https://www.marketsandmarkets.com/Market-Reports/orthopedic-software-market-94720371.html

3. https://www.marketsandmarkets.com/Market-Reports/orthopedic-software-https://www.marketsandmarkets.com/Market-Reports/orthopedic-software- market-94720371.html Orthopedic digital templating is commonly used software 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. https://www.marketsandmarkets.com/Market-Reports/orthopedic-software-market-94720371.html

4. • The global orthopedic software market has witnessed considerable growth over the past few years. With lifestyle changes, there are rising incidences of disorders such as obesity which is triggering the occurrences of orthopedic problems. The growing geriatric population is also prone to orthopedic disorders related to knee and hip joints. Also, upsurge in the incidences of musculoskeletal injuries and orthopedic surgeries have raised the focus on orthopedics devices and minimally invasive methods of treatment. These factors have resulted in increased focus on the use of orthopedic software that eases the surgery and treatment procedures for orthopedic surgeons and doctors. 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. • Geographically, North America accounted for the largest share of the global orthopedic software market in 2014 followed by Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The Asia-Pacific region is expected to register the highest growth during the forecast period mainly due to rising investment in healthcare IT and growing awareness in this region, especially in countries like China and Japan. Some of the prominent players in this market 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.) https://www.marketsandmarkets.com/Market-Reports/orthopedic-software-market-94720371.html

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