Global Orthopedic Software Market Research and Forecast, 2019-2025
Orthopedic software market size, share & trends analysis report, by application (sports medicine, joint replacement, fracture management, deformity correction) by product (practice management, digital orthopedic templating, EHR) forecast 2019-2025
Orthopedic software provides software solutions which include practice management, electronic health record (EHR) system, and revenue cycle management service and analytics platform. There are attributes in orthopedic EHR software such as built-in orthopedic knowledge and workflow, merit-based incentive payment system (MIPS) dashboard, suggested automatic coding, orthopedic interoperability, interactive anatomical atlas, and so on.
According to Exscribe Orthopedic Healthcare Solution, the orthopedic software market is estimated to be close to $386 million by 2023. The growth of the pharmaceutical industry is expected to be $250 million by orthopedic software. As the new applications, services and products are being introduced in the market; orthopedic software enables the communication between patients and the doctor. Additionally, the software is being used in independent offices, nursing homes, surgery centers, and so on.
North America is expected to hold a significant share in the market and it is due to the government incentives for the acquisition of EHR solutions. Moreover, Asia-Pacific is anticipated to have significant growth due to increasing demand for minimally invasive procedures. Furthermore, the key players in the orthopedic software market are Merge Healthcare, Inc., Brainlab AG, Modernizing Medicine, Inc., Materialise N.V., Medstrat, Inc., and CureMD Healthcare.
1. Global Orthopedic Software Market by Application
· Joint Replacement
· Fracture Management
· Deformity Correction
· Others (Pediatric Orthopedic Assessment)
2. Global Orthopedic Software Market by Product
· Practice Management
· Digital Orthopedic Templating
· Electronic Health Record (EHR)
· Picture Archiving and Communication Systems (PACS)
· Others (Revenue Cycle Management and Patient Engagement)
3. Global Orthopedic Software Market by Mode of Deployment
· North America (US and Canada)
· Europe (UK, Germany, France, Spain, and Italy)
· Asia-Pacific (China, India, and Japan)
· Rest of the World
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