Orthopedic Software Market Size, Share, And Growth Report 2032

Orthopedic Software Market Size

The global Orthopedic Software market size was worth around USD 328.69 million ?in 2023 and is predicted to grow to around USD 518.71 million ?by 2032 with a compound annual growth rate (CAGR) of roughly 5.2% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The report covers a forecast and an analysis of the Orthopedic Software market on a global and regional level.

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Orthopedic Software Market: Overview

Orthopedic software deals with a huge amount of data which includes lab test results, like imaging during diagnosis and follow-ups charts of the patients. It has become mandatory for an orthopedic surgeon, to deal with a large amount of lab test results, especially in diagnostic imaging. For ease orthopedic software like EHR is been used in the orthopedic point of care.

The adoption of minimally invasive surgeries and technological advancements in developed and developing nations are some of the major factors driving the market growth. In 2018, the U.S. FDA approved radiological computer-assisted diagnosis/ detection software called OsteoDetect, by Imagen Technologies, Inc.

In-depth secondary research is used to ascertain the overall market size, top industry players, top products, industry associations, etc. Macroeconomic indicators such as healthcare industry outlook, healthcare spending, research funding, and GDP along with company websites, company annual reports, white papers, financial reports, and other sources have also been considered to arrive at the indicated market numbers.

The study also includes drivers and restraints for the orthopedic software along with the impact they have on the demand over the forecast period. Besides, the report includes the study of opportunities and trends available in the orthopedic software market on a global level. Orthopedic software has created a sustainable path for the growth of the industry.

Orthopedic Software Market: Segmentation

The study provides a decisive view of the orthopedic software market by segmenting the market based on product, mode, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on product the market is segmented into digital templating/ preoperative planning software, orthopedic EHR, orthopedic practice management, orthopedic PACS, orthopedic RCM, and others. The orthopedic EHR segment held the major share of the market in 2023. The rising demand for a faster treatment process and proper data sharing is one of the major factors driving the growth of this segment.

On the basis of mode the market is segmented into on-premise, and cloud-based. The cloud-based segment is likely to grow at a high CAGR in the forecast period due to consolidations taking place in the healthcare industry and a growing number of hospitals that require one-stop solutions for data collection and management.

On the basis of application, the market is segmented into fracture management, orthopedic surgery, pediatric assessment, and others. The orthopedic surgeries segment held the major share of the market in 2023.

Orthopedic Software Market: Regional Analysis

Regional segmentation includes the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. Asia Pacific is likely to grow at a high CAGR in the forecast period due to the growing penetration of healthcare IT along with rising consumer awareness in developing countries like China and India.

Orthopedic Software Market: Report Scope

Orthopedic Software Market: Competitive Analysis

The report also provides a company market share analysis in order to give a broader view of the key players in the market. Industry insights and information is delivered in the required format. ZMR develops a list of industry players (manufacturers), distributors, retailers, and industry experts.

Some of the key players included in the market are:

• Medstrat Inc.
• Brainlab AG
• McKesson Corporation
• Greenway Health
• Merge Healthcare Incorporated
• Materialise NV
• HealthFusion Inc.
• Allscripts Healthcare Solution Inc.
• Nextgen Healthcare LLC
• IBM

The Global Orthopedic Software Market is segmented as follows:

Global Orthopedic Software Market: Product Segment Analysis

• Digital Templating/ Preoperative Planning Software
• Orthopedic EHR
• Orthopedic Practice Management
• Orthopedic PACS
• Orthopedic RCM
• Others

Global Orthopedic Software Market: Mode Segment Analysis

• On-Premise
• Cloud-Based

Global Orthopedic Software Market: Application Segment Analysis

• Fracture Management
• Orthopedic Surgery
• Pediatric Assessment
• Others

Global Orthopedic Software Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa