Orthopedic Software Market Segmentation, Forecast, Analysis, Industry Size and Share to 2025

The orthopedic Software Market is expected to grow at a moderate rate during the forecast period 2019-2025. Orthopedic software has been gaining significant importance among orthopedic professionals. This enables professionals to deal with a significant amount of lab test results, particularly imaging at the time of diagnosis and for follow-ups to monitor the patient's progress during recovery.

A broad range of software is used for orthopedic applications, such as practice management software, EHR, and PACS (picture archiving and communication systems). The software deals with day-to-day operations of medical practice, such as scheduling appointments, capturing patient demographics, performing medical billing task and generating reports.

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Furthermore, the factors that are contributing to the demand for orthopedic software include rising demand for minimally invasive procedures and the rising number of joint replacement procedures. For instance, as per American Joint Replacement Registry (AJRR), in the US, in 2017, the number of hip and knee replacement procedures performed were 860,080, from 654 institutions and 4,755 surgeons. Moreover, as per the Canadian Joint Replacement Registry, during the period (2014-2015), the number of hip replacements performed were 51,272 in Canada. During the period (2009-2010), the number of hip replacements performed was 42,713. This represents a significant growth of 20% in hip replacements in Canada.

To perform joint replacement surgeries, orthopedic software provides critical information to the surgeons. As a result, this enables surgeons to perform joint replacement procedures with enhanced alignment and greater precision. With orthopedic software-guided surgery, the surgeons can place hip and knee implants along with products that are intended to gain more confidence and precision. Hence, orthopedic software allows accurate positioning of the implants and better clinical outcomes.

The global orthopedic software market is segmented into application, product, and mode of delivery. Based on application, the market is further segmented into a joint replacement, fracture management, deformity correction, and others. Based on product, the market is further classified into practice management, digital orthopedic templating, EHR, PACS, and others. The EHR system supports physicians to develop custom treatment plans for particular medical conditions by setting up prescriptions, referral letters, patient education and holds more with an only single click.

The platform provides access to aggregated information of the patients in one location.
As a result, it is highly beneficial for healthcare providers to operate patients in emergency conditions. It holds the functionality of clinical viewing and reporting workflow. The features of EHR software include appointment management, reporting and analytics, e-prescription, billing management, scheduling, patient history and so on. Moreover, EHR incentive programs by Centers for Medicare & Medicaid Services encourages the adoption of EHR among healthcare providers for better access to patients' information. This, in turn, is supporting the demand for EHR across a wide range of medical specialties and thereby contributing to the adoption of EHR in orthopedics. Based on the mode of delivery, the market is further segmented into cloud-based, web-based and on-premise.

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Global Orthopedic Software Market Segmentation

By Application
o Joint Replacement
o Fracture Management
o Deformity Correction
o Others (Pediatric Orthopedic Assessment)

By Product
o Practice Management
o Digital Orthopedic Templating
o Electronic Health Record (EHR)
o Picture Archiving and Communication Systems (PACS)
o Others (Revenue Cycle Management and Patient Engagement)

By Mode of Deployment
o Cloud-Based
o Web-Based
o On-Premise

Regional Analysis

North America
o US
o Canada

Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of Europe

Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific

Rest of the World
o Middle East & Africa
o Latin America

Company Profiles
o Advanced-Data Systems Corp.
o AdvancedMD, Inc.
o Aprima Medical Software, Inc.
o Athenahealth, Inc.
o Azalea Health
o Bizmatics, Inc.
o Brainlab AG
o CareCloud Corp.
o Carestream Health, Inc.
o Compulink Healthcare Solutions

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