Orthopedic Software Market by Product (Orthopedic -Pre-operative Planning, EHR, PACS, RCM, PM) Applications (Joint Replacement, Fracture Management, Pediatric Assessment) Mode of Delivery, End User (Hospitals, Ambulatory Centers) - Global Forecast to 2025", The global orthopedic software market is projected to reach USD 454 million by 2025 from USD 311 million in 2020, at a CAGR of 7.8% from 2020 to 2025. The increasing incidence of orthopedic conditions due to the rising geriatric population, rising pressure to improve the quality of care and reduce healthcare costs, rising adoption of EHRs and other eHealth solutions, and the growing demand for minimally invasive treatments are the major factors driving the growth of this market. However, reluctance among orthopedicians to use orthopedic software due to privacy- and data security-related concerns, shortage of trained and skilled resources, and requirement of heavy infrastructure investments and high cost of deployment of software solutions are expected to restrain the growth of this market during the forecast period.
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Browse in-depth TOC on "Orthopedic Software Market”
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Key Market Players
Some of the prominent players in this market are Brainlab AG (Germany), Materialise N.V. (Belgium), Merge Healthcare Inc. (an IBM Corporation Company) (US), Greenway Health, LLC (US), NextGen Healthcare LLC (US), McKesson Corporation (US), Medstrat, Inc. (US), GE Healthcare (US), CureMD Healthcare (US), and Philips Healthcare (Netherlands).
Agilent Technologies is the global leader in the life sciences, diagnostics, and applied chemical markets. The company provides laboratories worldwide with instruments, services, consumables, and expertise. The company operates through three business segments, namely, Life Sciences and Applied Markets, Agilent CrossLab, and Diagnostics and Genomics. Under the Life Sciences and Applied Markets segment, the company offers liquid chromatography (LC) systems and components, liquid chromatography-mass spectrometry (LCMS) systems, gas chromatography (GC) systems and components, and gas chromatography-mass spectrometry (GCMS) systems. It also offers inductively coupled plasma mass spectrometry (ICP-MS) instruments, atomic absorption (AA) instruments, microwave plasma-atomic emission spectrometry (MP-AES) instruments, and inductively coupled plasma optical emission spectrometry (ICP-OES) instruments. The company has its presence in more than 110 countries and sales offices, logistics centers, and business facilities in Europe, the Americas, and the Asia Pacific. Its principal competitors in the life sciences and applied markets arena include Danaher Corporation, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific, and Waters Corporation.
Thermo Fisher Scientific offers various products and services such as analytical reagents, antibody applications, chromatography, clinical microbiology, clinical and translational research, diagnostic testing, and laboratory equipment. It caters its techniques to various end-user industries such as pharmaceutical, biotechnology, academic, government, environmental and industrial research, and clinical laboratory. The company operates its business through four segments, namely, Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services.
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“North America was the largest regional market for orthopedic software market in 2019 “
The orthopedic software market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East Africa. In 2019, North America accounted for the largest share of 70.9% of the market during the forecast period. Factors such as the rising adoption of EHRs, government initiatives for the development of the healthcare system, and the growing number of ongoing research activities are driving the growth of the orthopedic software market in North America.
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