Orthopedic Software Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2026
The global orthopedic software market size is expected to reach USD 446.8 million by 2026, registering a 5.8% CAGR during the forecast period, based on a new report by Grand View Research, Inc. Rising pressure to curb healthcare cost by implementing faster and efficient technology along with rise in the number of orthopedic surgeries is driving the growth. According to the National Inpatient Sample (NIS) survey 2017, the annual number of Total Knee Replacements (TKR) and Total Hip Replacement (THR) performed in U.S. is projected to reach 1.28 and 0.63 million by 2030. This is anticipated to drive the demand for faster and accurate treatment options in the future. According to BrainLab, preoperative planning software reduces the procedure time and efficiency, simultaneously reducing the procedural risk to half. Technological advancements are also expected to further propel the growth of the orthopedic software market. Incorporation of Artificial Intelligence (AI) to develop specific software products for individual modalities is expected to further boost the demand. For instance, In July 2019, DrChrono partnered with DeepScribe to develop AI services for clients. The partnership was aimed at providing the medical practices currently using DrChrono EHR with artificial intelligence to automate the medical note taking directly from physician appointments. Such advancements will further reduce the physician time in paper works by directly uploading the collected notes into the software system.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/orthopedicsoftware-market The companies enter into strategic collaborations to gain greater market share. For example, in August 2019, Materialise NV announced a strategic investment in Engimplan, a Brazil-based manufacturer of orthopedic and Cranio-Maxillofacial (CMF) implants and instruments. The combination of its expertise in 3D printed medical solutions with Engimplan’s innovative product portfolio is anticipated to accelerate the introduction of 3D printed, personalized implants and instruments in the Brazilian market. Orthopedic Software Market Report Highlights
Orthopedic EHR was the largest revenue-generating segment in 2018, owing to the high adoption the software in orthopedic centers
The digital templating and preoperative planning software are expected to register significant CAGR during the forecast period, attributed to the accurate and time saving mapping of the complex orthopedic procedures
On-premise mode of delivery accounted for the largest market share in 2018 and is expected to maintain its dominance throughout the forecast period. Rising adoption by the healthcare facilities in the developed as well as developing economies to manage various financial and clinical workflow needs is expected to fuel the growth
North America was held the largest market share in terms of revenue in 2018 mainly due to the increased R&D activities by the key market players present in the region
Asia Pacific is expected to expand at the fastest CAGR during the forecast period owing to rising acceptance of healthcare IT coupled with rising awareness in developing countries such as China
IBM; CureMD Healthcare; Athena Health; GreenWay Health LLC; Brain Lab; Medstrat Inc.; Materialise NV; NextGen Healthcare LLC; drchrono Inc.; and AllScript Healthcare Solution Inc. are some of the key market players
Orthopedic Software Market Segmentation Grand View Research has segmented the global orthopedic software market on the basis of product, mode of delivery, application, and region: Orthopedic Software Product Outlook (Revenue, USD Million, 2014 - 2026) Digital Templating/ Preoperative Planning Software
Orthopedic EHR
Orthopedic Practice Management
Orthopedic PACS
Orthopedic RCM
Others
What questions do you have Get quick response from our industry experts @ https://www.grandviewresearch.com/request-free-consultation/6785/rfc?
Orthopedic Software Mode of Delivery Outlook (Revenue, USD Million, 2014 - 2026) Web/Cloud Based
On-Premise
Orthopedic Software Application Outlook (Revenue, USD Million, 2014 - 2026) Orthopedic Surgeries
Fracture Management
Others
Orthopedic Software Regional Outlook (Revenue, USD Million, 2014 - 2026) North America
o
U.S.
o
Canada
Europe o
Germany
o
UK
o
France
o
Italy
o
Spain
o
Russia
Asia Pacific o
Japan
o
China
o
India
o
Australia
o
South Korea
Latin America o
Brazil
o
Mexico
o
Argentina
MEA o
South Africa
o
UAE
o
Saudi Arabia
Table of Contents Chapter 1 Methodology and Scope 1.1 Market Segmentation and Scope 1.1.1 Product 1.1.2 Mode of delivery 1.1.3 Application 1.1.4 regional scope 1.1.5 Estimates and forecast timeline 1.2 Research Methodology 1.3 Information procurement 1.3.1 Purchased database: 1.3.2 GVR’s internal database 1.3.3 Secondary sources 1.3.4 Primary research 1.3.5 Details of primary research 1.3.5.1 Data for primary interviews in North america 1.3.5.2 Data for primary interviews in Europe 1.3.5.3 Data for primary interviews in Asia Pacific 1.3.5.4 Data for primary interviews in Middle East and Africa 1.4 Information or Data Analysis 1.4.1 Data analysis models 1.5 Market Formulation & Validation 1.6 Model Details 1.6.1 Commodity Flow Analysis (Model 1)
1.6.2 Volume price analysis (Model 2) 1.6.2.1 Approach 2: Volume price analysis 1.7 List of Secondary Sources 1.8 List of Primary Sources 1.9 Objectives 1.9.1 Objective 1 1.9.2 Objective 2 1.9.3 Objective 3 1.9.4 Objective 4 Chapter 2 Executive Summary 2.1 Market Outlook 2.2 Competitive Insights Chapter 3 Orthopedic Software Market Variables, Trends & Scope 3.1 Market Lineage OutlookContinue……….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com