Orthopedic Software Market Segmentation by Product Type {Digital Templating/Pre-Operative Planning Software, Orthopedic Electronic Health Record (EHR), Orthopedic Picture Archiving & Communication Systems (PACS), Orthopedic Practice Management, and Orthopedic Revenue Cycle Management}; by Deployment Mode (Cloud-Based, and On-Premises); by Application (Orthopedic Surgery, Fracture Management, Joint Replacement, Pediatric Assessment, and Others); and by End User (Hospitals, Specialty Orthopedic Clinics, Surgery Centers, and Others)-Global Demand Analysis & Opportunity Outlook 2020-2030

  • Product Code:
    RP-ID-10352363
  • Published Date:
    18 Feb 2022
  • Region:
    Global
  • Pages:
    198
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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Global Orthopedic Software Market Highlights Over 2020 - 2030

The global orthopedic software market is estimated to garner a revenue of USD 636.5 Million by the end of 2030, by growing at a CAGR of 6.6% over the forecast period, i.e., 2021 – 2030. Moreover, the market generated a revenue of USD 338.5 Million in the year 2020. The growth of the market can primarily be attributed to the growing prevalence of different types of orthopedic disorders, such as arthritis, osteoarthritis, fibromyalgia, fractures, osteoporosis, and soft-tissue injuries among others, and therefore the rising need for different types of treatment to treat these disorders. According to the statistics by the International Osteoporosis Foundation (IOF), the incidence of hip fracture in men around the globe is estimated to increase by 310% and 240% in women by 2050, as compared to the rates in the year 1990. On the other hand, the increasing footfall in hospitals, specialty orthopedic clinics, and surgery centers, for treating orthopedic patients, is also anticipated to drive the growth of the market in the coming years. 

 

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The growth of the market can also be attributed to the growing adoption of minimally invasive surgeries (MIS) worldwide for treating different orthopedic diseases, such as procedures related to spine, shoulder, elbow, wrist, and knee. Moreover, increase in the number of orthopedic surgeries, along with the advent of robotic surgery, and the growing adoption of technology in the healthcare sector are some of the additional factors projected to contribute to the market growth. Furthermore, the rising adoption of electronic health records (EHRs) and other e-health solutions, along with the surge in availability of orthopedic software as cloud-based solutions, are some of the rising trends anticipated to boost the market growth in recent years.

Global Orthopedic Software Market Regional Synopsis

Regionally, the global orthopedic software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to garner the largest revenue of USD 352.6 Million by the end of 2030, up from a revenue of USD 198.0 Million in the year 2020. The growth of the market in the region can be attributed to the growing prevalence of orthopedic related disorders, especially in the United States, and for the increasing demand for orthopedic software amongst orthopedic surgeons, backed by the numerous benefits associated with the software. According to the statistics by the United States Centers for Disease Control & Prevention (CDC), the prevalence of arthritis, an orthopedic disorder, in the United States, is projected to reach 78 Million by the year 2040. Moreover, increasing awareness for such software amongst the healthcare providers, and the presence of numerous healthcare service providers who treat different types of orthopedic disorders, are also anticipated to drive the market growth in the coming years.

On the other hand, the orthopedic software market in Europe is projected to register the second-largest revenue of USD 131.1 Million by the end of 2030 and further grow with a CAGR of 7.2% during the forecast period. The market in the region is segmented by country into Germany, United Kingdom, Italy, France, Spain, Russia, Netherlands, and the Rest of Europe. Out of these, the market in the United Kingdom is projected to garner the largest revenue of USD 24.1 Million by the end of 2030, up from a revenue of USD 11.6 Million in the year 2020.

Growth Drivers and Challenges Impacting the Growth of the Global Orthopedic Software Market


Growth Drivers 

  • Increasing Adoption of Minimally Invasive Surgeries (MIS) for Treating Orthopedic Disorders

  • Growing Number of Orthopedic Surgeries

Challenges

  • Lack of Skilled Healthcare IT Professionals

  • Absence of Healthcare Insurance in Emerging Economies

Global Orthopedic Software Market Segmentation Synopsis

The global orthopedic software market is segmented by product type into digital templating/pre-operative planning software, orthopedic electronic health record (HER), orthopedic picture archiving & communication systems (PACS), orthopedic practice management, and orthopedic revenue cycle management. Out of these, the orthopedic picture archiving & communication systems (PACS) segment is anticipated to garner the largest revenue of USD 180.8 Million by the end of 2030, up from a revenue of USD 84.8 Million in the year 2020. By deployment mode, the market is segmented into on-premises, and cloud-based, out of which, the on-premises segment is projected to garner the largest revenue of USD 216.6 Million by the end of 2022. By application, the market is segmented into orthopedic surgery, fracture management, joint replacement, pediatric assessment, and others. Out of these, the orthopedic surgery segment is anticipated to register the largest revenue of USD 255.7 Million by the end of 2030, up from a revenue of USD 141.3 Million in the year 2020. By end-user, the market is segmented into hospitals, specialty orthopedic clinics, surgery centers, and others. Out of these, the hospitals segment is anticipated to garner the largest revenue of USD 280.1 Million by the end of 2030, up from a revenue of USD 148.3 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global orthopedic software market that are included in our report are Medical Device Business Services, Inc. (Johnson & Johnson), Materialise NV, LEXI Co., Ltd., mediCAD Hectec GmbH, ORTHOKEY ITALIA S.r.l., Wright Medical Group N.V., JRI Orthopaedics, Brainlab AG, PEEK HEALTH S.A., Phoenix Ortho, Zimmer Biomet, Stryker Corporation, Medstrat, Corin Group, and others. 

Latest Developments in the Global Orthopedic Software Market:

  • March 10th, 2021: Brainlab AG announced that it has acquired Mint Medical Gmbh, an organization that develops image reading and reporting software for clinical routine and research. The acquisition of the Heidelberg-based company would allow Brainlab to remain committed to digital health and therefore improve structured diagnosis, analysis, and treatment.

 

  • May 19th, 2021: Corin Group announced that it has recently updated its orthopedic software CorinConnect. The latest update would enable surgeons to access key analytical data collected throughout the orthopedic journey of their patients. 

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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FREQUENTLY ASKED QUESTIONS

1.      Market Definition

1.1.  Definition

1.2.Market Segmentation

2.    Assumptions and Acronyms

3.    Research Methodology

3.1.Research Process

3.2.                    Primary Research

3.3.                    Secondary Research

3.4.                    Market End-User Estimation

4.    Executive Summary – Global Orthopedic Software Market

5.     Market Dynamics

5.1. Market Drivers

5.2.                     Market Trends

6.    Key Market Opportunities

7.     Major Roadblocks for the Market Growth

8.    Regulatory and Standards Landscape

9.    Industry Risk Analysis

10.            Technology Outlook

11.  Pricing Analysis of Orthopedic Software

12.Value Chain Analysis

13.Impact of COVID-19 on Orthopedic Software Market

14.Analysis on the Key Application of Orthopedic Software

15. Feature Analysis

16.Competitive Positioning

17. Competitive Structure

17.1.                  Market Share Analysis, 2020

17.2.                 Competitive Benchmarking

17.3.                 Company Profiles

17.3.1.                      Medical Device Business Services, Inc. (Johnson & Johnson)

17.3.2.                     Materialise NV

17.3.3.                     LEXI Co., Ltd.

17.3.4.                     mediCAD Hectec GmbH

17.3.5.                     ORTHOKEY ITALIA S.r.l.

17.3.6.                     Wright Medical Group N.V.

17.3.7.                     JRI Orthopaedics

17.3.8.                     Brainlab AG

17.3.9.                     PEEK HEALTH S.A.

17.3.10.                Phoenix Ortho

17.3.11.                  Zimmer Biomet

17.3.12.                 Stryker Corporation

17.3.13.                 Medstrat

17.3.14.                 Corin Group

18.Global Orthopedic Software Market 2020-2030

18.1.                  Market Overview

18.2.                By Value (USD Million)

18.3.                Market Segmentation by:

18.3.1.                      Product Type

18.3.1.1.   Digital Templating/Pre-Operative Planning Software, 2020-2030F (USD Million)

18.3.1.2.  Orthopedic Electronic Health Record (HER), 2020-2030F (USD Million)

18.3.1.3.  Orthopedic Picture Archiving and Communication Systems (PACS), 2020-2030F (USD Million)

18.3.1.4.  Orthopedic Practice Management, 2020-2030F (USD Million)

18.3.1.5.  Orthopedic Revenue Cycle Management, 2020-2030F (USD Million)

18.3.2.                    Deployment Mode

18.3.2.1.  Cloud-Based, 2020-2030F (USD Million)

18.3.2.2.                        On-Premises, 2020-2030F (USD Million)

18.3.3.                    Application

18.3.3.1.  Orthopedic Surgery, 2020-2030F (USD Million)

18.3.3.1.1.       Preoperative, 2020-2030F (USD Million)

18.3.3.1.2.      Intraoperative, 2020-2030F (USD Million)

18.3.3.1.3.      Postoperative, 2020-2030F (USD Million)

18.3.3.2.                        Fracture Management, 2020-2030F (USD Million)

18.3.3.3.                        Joint Replacement, 2020-2030F (USD Million)

18.3.3.4.                        Pediatric Assessment, 2020-2030F (USD Million)

18.3.3.5. Others, 2020-2030F (USD Million)

18.3.4.                    End-User

18.3.4.1.  Hospitals, 2020-2030F (USD Million)

18.3.4.2.                        Specialty Orthopedic Clinics, 2020-2030F (USD Million)

18.3.4.3.                        Surgery Centers, 2020-2030F (USD Million)

18.3.4.4.                        Others, 2020-2030F (USD Million)

18.3.5.                     Region

18.3.5.1.  North America, 2020-2030F (USD Million)

18.3.5.2. Europe, 2020-2030F (USD Million)

18.3.5.3. Asia Pacific, 2020-2030F (USD Million)

18.3.5.4. Latin America, 2020-2030F (USD Million)

18.3.5.5. Middle East & Africa, 2020-2030F (USD Million)

19.North America Orthopedic Software Market 2020-2030

19.1.                  Market Overview

19.2.                By Value (USD Million)

19.3.                Market Segmentation by:

19.3.1.                      Product Type

19.3.1.1.   Digital Templating/Pre-Operative Planning Software, 2020-2030F (USD Million)

19.3.1.2.  Orthopedic Electronic Health Record (HER), 2020-2030F (USD Million)

19.3.1.3.  Orthopedic Picture Archiving and Communication Systems (PACS), 2020-2030F (USD Million)

19.3.1.4.  Orthopedic Practice Management, 2020-2030F (USD Million)

19.3.1.5.  Orthopedic Revenue Cycle Management, 2020-2030F (USD Million)

19.3.2.                    Deployment Mode

19.3.2.1.  Cloud-Based, 2020-2030F (USD Million)

19.3.2.2.                        On-Premises, 2020-2030F (USD Million)

19.3.3.                    Application

19.3.3.1.  Orthopedic Surgery, 2020-2030F (USD Million)

19.3.3.1.1.       Preoperative, 2020-2030F (USD Million)

19.3.3.1.2.      Intraoperative, 2020-2030F (USD Million)

19.3.3.1.3.      Postoperative, 2020-2030F (USD Million)

19.3.3.2.                        Fracture Management, 2020-2030F (USD Million)

19.3.3.3.                        Joint Replacement, 2020-2030F (USD Million)

19.3.3.4.                        Pediatric Assessment, 2020-2030F (USD Million)

19.3.3.5. Others, 2020-2030F (USD Million)

19.3.4.                    End-User

19.3.4.1.  Hospitals, 2020-2030F (USD Million)

19.3.4.2.                        Specialty Orthopedic Clinics, 2020-2030F (USD Million)

19.3.4.3.                        Surgery Centers, 2020-2030F (USD Million)

19.3.4.4.                        Others, 2020-2030F (USD Million)

19.3.5.                     Country

19.3.5.1.  United States

19.3.5.2. Canada

20.          Europe Orthopedic Software Market 2020-2030

20.1.                Market Overview

20.2.              By Value (USD Million)

20.3.              Market Segmentation by:

20.3.1.                    Product Type

20.3.2.                  Deployment Mode

20.3.3.                  Application

20.3.4.                  End-User

20.3.5.                   Country

20.3.5.1.                        United Kingdom

20.3.5.2.                       Germany

20.3.5.3.                       Italy

20.3.5.4.                       France

20.3.5.5.                       Spain

20.3.5.6.                       Russia

20.3.5.7.                       Netherlands

20.3.5.8.                       Rest of Europe

21.Asia Pacific Orthopedic Software Market 2020-2030

21.1.                  Market Overview

21.2.                By Value (USD Million)

21.3.                Market Segmentation by:

21.3.1.                      Product Type

21.3.2.                    Deployment Mode

21.3.3.                    Application

21.3.4.                    End-User

21.3.5.                     Country

21.3.5.1.  China

21.3.5.2. India

21.3.5.3. Japan

21.3.5.4. South Korea

21.3.5.5. Australia

21.3.5.6. Singapore

21.3.5.7. Rest of Asia Pacific

22.           Latin America Orthopedic Software Market 2020-2030

22.1.                Market Overview

22.2.               By Value (USD Million)

22.3.               Market Segmentation by:

22.3.1.                    Product Type

22.3.2.                   Deployment Mode

22.3.3.                   Application

22.3.4.                   End-User

22.3.5.                   Country

22.3.5.1. Brazil

22.3.5.2.                       Mexico

22.3.5.3.                       Argentina

22.3.5.4.                       Rest of Latin America

23.           Middle East & Africa Orthopedic Software Market 2020-2030

23.1.                Market Overview

23.2.               By Value (USD Million)

23.3.               Market Segmentation by:

23.3.1.                    Product Type

23.3.2.                   Deployment Mode

23.3.3.                   Application

23.3.4.                   End-User

23.3.5.                   Country

23.3.5.1. GCC

23.3.5.2.                       Israel

23.3.5.3.                       South Africa

23.3.5.4.                       Rest of Middle East & Africa

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  1. Medical Device Business Services, Inc. (Johnson & Johnson)
  2. Materialise NV
  3. LEXI Co., Ltd.
  4. mediCAD Hectec GmbH
  5. ORTHOKEY ITALIA S.r.l.
  6. Wright Medical Group N.V.
  7. JRI Orthopaedics
  8. Brainlab AG
  9. PEEK HEALTH S.A.
  10. Phoenix Ortho
  11. Zimmer Biomet
  12. Stryker Corporation
  13. Medstrat
  14. Corin Group
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