According to TechSci Research report, “Orthopedic Software Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Orthopedic Software Market stood at USD 282.75 million in 2022 and is anticipated to grow with a CAGR of 5.91% in the forecast period, 2024-2028. The increasing adoption of orthopedic Electronic Health Records (EHR), templating, and preoperative planning software is the primary driver of market growth. According to a 2017 report from Becker’s Hospital Review, over 90% of orthopedic physicians in the United States had already integrated orthopedic EHR systems into their practices.
The demand for rapid data sharing, particularly in response to the rising number of orthopedic surgeries, is expected to further boost the market. For instance, as per the National Inpatient Sample Survey of 2017, the annual projections for Total Knee Replacements (TKR) and Total Hip Replacements (THR) in the U.S. are estimated to reach 1.28 million and 0.63 million procedures, respectively, by 2030. Orthopedic software solutions offer a sustainable growth path for the industry in the near future.
Technological advancements and the adoption of minimally invasive surgery techniques in both developing and developed countries are additional key drivers. For instance, in 2018, the U.S. Food and Drug Administration (FDA) granted approval to OsteoDetect, a radiological computer-assisted detection/diagnosis software developed by Imagen Technologies, Inc. Orthopedic software represents an efficient alternative to traditional paper-based record-keeping systems, enhancing medical efficiency in treatment. The growing patient population and advancements in the healthcare sector have intensified the need to embrace new technology.
Moreover, the increasing integration of information technology in the healthcare industry has heightened the demand for data amalgamation, connectivity, and sharing, thus expediting the adoption of orthopedic software. These technological advancements are poised to drive the growth of connected healthcare in the coming years. Additionally, the proliferation of smart devices equipped with data collection features is expected to fuel the necessity for data sharing and accessibility.
For example, TracPatch, introduced by Consensus Orthopedics Inc. in 2015, is an orthopedic wearable device designed to collect patient data and harness the power of data analytics to reshape orthopedics. Furthermore, the increasing penetration of minimally invasive surgery offers benefits to hospitals and surgeons associated with surgical centers. Orthopedic software streamlines processes, enabling surgeons to deliver better outcomes for patients, often on an outpatient basis, making it a cost-effective solution. Moreover, specialty hospitals implementing orthopedic software can offer a more comprehensive approach to treatment.
Orthopedic software refers to specialized computer programs and applications designed for use in the field of orthopedics, which is a medical specialty focused on the diagnosis, treatment, and rehabilitation of musculoskeletal conditions and injuries. These software solutions are tailored to meet the unique needs of orthopedic surgeons, physicians, nurses, and other healthcare professionals involved in orthopedic care. Here are key aspects and functionalities of orthopedic software: Electronic Health Records (EHR): Orthopedic EHR software allows healthcare providers to digitize and manage patient records, including medical histories, diagnostic images (X-rays, MRIs), treatment plans, and progress notes.
It enhances the organization and accessibility of patient data. Preoperative Planning: Orthopedic software offers tools for precise preoperative planning. Surgeons can visualize the patient’s anatomy, simulate procedures, and select the most appropriate implants or surgical techniques. Imaging and Diagnostics: Many orthopedic software solutions integrate with medical imaging devices and provide tools for analyzing and interpreting radiological images, aiding in the diagnosis of musculoskeletal conditions. Surgical Navigation: Some orthopedic software is used during surgery to assist surgeons in real-time navigation, ensuring precise implant placement and optimal surgical outcomes.
Rehabilitation Management: Orthopedic software often includes modules for designing and managing personalized rehabilitation programs. These programs help patients regain mobility and strength after orthopedic procedures.
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The Global Orthopedic Software Market is driven by several key factors that collectively contribute to its growth and evolution: Increasing Demand for Electronic Health Records (EHR): The adoption of orthopedic EHR software is on the rise, driven by the need for efficient and organized patient data management in orthopedic practices and hospitals. Preoperative Planning and Surgical Navigation: Orthopedic software empowers surgeons with advanced preoperative planning tools and real-time surgical navigation capabilities, enhancing surgical precision and outcomes.
Telemedicine Integration: The integration of orthopedic software with telemedicine platforms has gained prominence, especially in remote patient consultations, monitoring, and follow-up care. Data Analytics and Research: Orthopedic software supports data analytics, aiding in patient outcome analysis, research, and evidence-based decision-making in orthopedic care. Patient Engagement: Patient-facing orthopedic software engages patients in their care, providing education, monitoring, and communication tools to enhance patient involvement and satisfaction.
Technological Advancements: The continuous evolution of software technology, including AI, machine learning, and 3D printing, propels innovation within the orthopedic software market, enabling more advanced diagnostic and treatment capabilities. Global Expansion: The expansion of healthcare infrastructure and orthopedic services in emerging markets drives the demand for orthopedic software solutions worldwide.
Regulatory Compliance: The need for orthopedic software to adhere to healthcare regulations, such as HIPAA, ensures data security and privacy, fostering trust among healthcare providers. Minimally Invasive Surgery: The increasing adoption of minimally invasive surgical techniques in orthopedics necessitates software support for planning and executing these procedures efficiently.
Population Aging: As the global population ages, the prevalence of orthopedic conditions and the demand for orthopedic care continue to grow, fueling the market’s expansion.
Collectively, these drivers reflect the industry’s commitment to innovation, patient-centric care, and the optimization of orthopedic treatment. As technology continues to advance and healthcare delivery models evolve, the Global Orthopedic Software Market is poised for continued growth and transformation.
The Global Orthopedic Software Market is segmented into product, mode of delivery, application, regional distribution, and company.
Based on Product, the market is segmented into Digital Templating/Preoperative Planning Software, Orthopedic Electronic Health Record (EHR), Orthopedic Practice Management, Orthopedic Picture Archiving, and Communication Systems (PACS), Orthopedic Revenue Cycle Management, Other Equipment, and Systems. The Orthopedic EHR segment is expected to rise in the forecast period. This is attributed due rising need for expedited data sharing and treatment procedures. Electronic Health Record (EHR) systems are specifically crafted to enable physicians to tailor treatment plans for individual medical conditions, incorporating features like patient education, prescription management, and referral letter generation. The versatile nature of this software makes it highly appealing, and as a result, an expansion of its user base is expected in the near future.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America, Middle East & Africa. The North American segment dominated the market in 2022. This is due to the extensive utilization of the software in the United States and Canada. The expanding elderly demographic and the rising occurrence of knee and hip-related issues have additionally resulted in heightened demand.
According to a study conducted by the American Academy of Orthopedic Surgeons (AAOS) in 2017, an excess of 7 million individuals in the United States undergo hip or knee replacement surgeries annually. This substantial volume of surgical procedures underscores the growing prevalence of various orthopedic ailments. Furthermore, the growing acceptance of data sharing and the adoption of orthopedic Electronic Health Records (EHR) continue to stimulate demand within this region.
Major companies operating in the Global Orthopedic Software Market are:
- International Business Machines Corp
- CureMD Healthcare
- Athena Health
- GreenWay Health LLC
- Brain Lab
- Medstrat Inc.
- Materialise NV
- NextGen Healthcare LLC
- drchrono Inc.
- AllScript Healthcare Solution Inc
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“The Global Orthopedic Software Market is driven by the growing adoption of orthopedic Electronic Health Records (EHR), preoperative planning software, and templating tools, which enhance patient care and surgical precision. The demand for faster data sharing, particularly in response to the rising number of orthopedic surgeries, further propels the market. Technological advancements and the embrace of minimally invasive surgery techniques, along with increasing implementation of information technology in healthcare, also play a pivotal role in market growth. Additionally, the integration of artificial intelligence (AI) and machine learning in orthopedic software solutions augments diagnostic accuracy and personalized treatment planning, contributing to market expansion contributes to foster the demand for the Global Orthopedic Software Market in the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Orthopedic Software Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented 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, Other Equipment, and Systems), By Mode of Delivery (Cloud/Web Based, On-premise), By Application (Orthopedic Surgery, Fracture Management, and Other), By Region and Competition” has evaluated the future growth potential of Global Orthopedic Software Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Orthopedic Software Market.
Table of Content-Orthopedic software market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Types
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
- Voice of Customer
- Global Orthopedic Software Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. 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, Other Equipment, and Systems)
5.2.2. By Mode of Delivery (Cloud/Web Based, On-premise)
5.2.3. By Application (Orthopedic Surgery, Fracture Management, and Other)
5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.5. By Company (2022)
5.3. Product Market Map
5.3.1. By Product
5.3.2. By Mode of Delivery
5.3.3. By Application
5.3.4. By Region
- North America Orthopedic Software Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product
6.2.2. By Mode of Delivery
6.2.3. By Application
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Orthopedic Software Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Product
6.3.1.2.2. By Mode of Delivery
6.3.1.2.3. By Application
6.3.2. Canada Orthopedic Software Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Product
6.3.2.2.2. By Mode of Delivery
6.3.2.2.3. By Application
