Orthopedic Software Market: Global and Regional Analysis with Forecast till 2028, Business Opportunities, Post COVID Scenario

According to the report, the global Orthopedic Software market size was valued at $98.5 Million in 2020 and is expected to reach $581.2 Million by 2028 growing at the CAGR of 8.46% from 2021 to 2028. This growth is attributed to the rising incidence of orthopedic surgeries owing to the rising geriatric population, the growing pressure to improve the quality of care and reduce healthcare costs, the rising adoption of EHRs and other eHealth solutions, and the growing preference for minimally invasive treatment options are all driving this market. However, orthopedic surgeons' reluctance to adopt orthopedic software privacy and confidentiality and data security issues, a scarcity of educated and competent people, the need for large infrastructure expenditures, and the high cost of deploying software solutions are projected to limit the market's growth. The availability of orthopedic software as cloud-based solutions and its integration into mobile platforms presents a market opportunity.

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The recently published research report on Global Orthopedic Software Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Orthopedic Software market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Orthopedic Software market report also includes the following data points:
• COVID19 Impact on Orthopedic Software market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Orthopedic Software market

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Key Players
Some of the major Orthopedic Software players holding a high market share include the company Philips Healthcare, GE Healthcare, NextGen Healthcare, Brainlab. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Materialise NV
• Brainlab AG
• Medstrat, Inc
• CureMD Healthcare
• Greenway Health
• NextGen Healthcare LLC
• McKesson Corporation
• GE Healthcare
• Philips Healthcare
• Merge Healthcare Incorporated

Segmental Analysis
Market Segment By Type of Product with focus on market share, consumption trend, and growth rate of Orthopedic Software Market:
o Orthopedic Picture Archiving and Communication Systems
o Orthopedic Electronic health records
o Orthopedic Practice management
o Others

Market Segment By Application with focus on market share, consumption trend, and growth rate of Orthopedic Software Market:
o Joint Replacement
o Fracture Management
o Others

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Global Orthopedic Software Geographic Coverage:
• North America
o US
o Canada
o Mexico

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

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

North America held the greatest share of the market, accounting for 70.9 %. The orthopedic software market in North America is developing due to factors such as increased adoption of electronic health records (EHRs), government attempts to improve the healthcare system, and an increase in the number of current research projects.

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