IMARC Group has recently released a new research study titled “Orthopedic Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the orthopedic software market?
The global orthopedic software market size reached US$ 312.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 438.0 Million by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
What is orthopedic software?
Orthopedic software is a specialized category of healthcare software designed to assist medical professionals in the management and treatment of musculoskeletal conditions. This type of software integrates a variety of functionalities to streamline clinical workflows, from patient scheduling and electronic medical records (EMRs) to surgical planning and post-operative care. The core characteristics often include image capturing capabilities for X-rays and MRIs, three-dimensional surgical planning tools, and data analytics features for outcome tracking. It may also support telemedicine consultations, thus extending the reach of orthopedic care.
Further, orthopedic software typically has customizable modules that allow clinicians to tailor the system according to specific needs, such as spine, sports medicine, or joint replacement specializations. By enhancing both the administrative and clinical aspects of care, orthopedic software is significantly to improving patient outcomes and optimizing the use of healthcare resources.
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Market Trends and Drivers:
The increasing emphasis on effective management and early diagnosis of musculoskeletal conditions is a key factor propelling the growth of the orthopedic software market. Furthermore, the availability of orthopedic software across various pricing models enables accessibility to a wide array of healthcare institutions, thereby fueling market expansion. The multifaceted utility of orthopedic software, essential for tasks such as patient management, pre-operative planning, and post-operative monitoring, adds considerable value to orthopedic care, stimulating further growth.
Technological advancements in the software, like 3D imaging and cloud-based storage solutions, have led to more efficient and user-friendly platforms. This positively influences their adoption rates among orthopedic surgeons and healthcare administrators. In parallel, the advent of telemedicine and mobile healthcare has introduced portable, app-based orthopedic software solutions to the market, enhancing its growth prospects further. With a growing focus on preventive care and data-driven decision-making, orthopedic software is gaining significant attention for its role in optimizing patient outcomes, thereby fostering a promising market environment.
Orthopedic Software Key Companies:
- Allscripts Healthcare Solutions Inc.
- Athenahealth
- Brainlab AG
- CureMD Healthcare
- DrChrono Inc.
- General Electric Company
- Greenway Health LLC
- International Business Machines Corporation
- Materialise
- Medstrat Inc.
- NextGen Healthcare Inc
Key Market Segmentation:
The report has segmented the global orthopedic software market on the basis of product, deployment mode, application, end user and region.
Breakup by Product:
- Digital Templating/Preoperative Planning Software
- Orthopedic Electronic Health Record (EHR)
- Orthopedic Practice Management
- Orthopedic Picture Archiving and Communication Systems (PACS)
- Orthopedic Revenue Cycle Management
- Others
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Breakup by Application:
- Orthopedic Surgery
- Fracture Management
- Joint Replacement
- Pediatric Assessment
Breakup by End User:
- Hospitals
- Independent Orthopedic Clinics
- Surgery Centers
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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