Global Orthopedic Software Market 2020-2030

Global Orthopedic Software Market Analysis 2020-2030

The global orthopedic software market is anticipated to grow with a CAGR of 6.6% during the forecast period, i.e., 2021-2030. Factors such as the growing adoption of information technology in the healthcare industry, followed by the increasing adoption of minimally invasive surgeries (MIS) for treating different types of orthopedic disorders, and the numerous benefits associated with the use of orthopedic software, are anticipated to drive the market growth. Additionally, factors such as the growing footfall of orthopedic patients amongst the healthcare service providers, backed by the increasing prevalence of different types of orthopedic disorders, and the surge in the number of orthopedic surgeries, are expected to promote the market growth during the forecast period. The market is estimated to garner a revenue of more than USD 630 Million by the end of 2030, up from a revenue of near to USD 340 Million in the year 2020.

The global orthopedic software market is segmented by numerous segments, which include segmentation by product type, deployment mode, application, end-user, and by region. By product type, the market is segmented 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. By the end of 2030, the orthopedic picture archiving & communication systems (PACS) segment is anticipated to garner the largest revenue of about USD 180 Million, up from a revenue of about USD 80 Million in the year 2020.

On the basis of region, the global orthopedic software market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. By the end of 2030, the market in North America is anticipated to garner the largest revenue of around USD 350 Million, up from a revenue of close to USD 200 Million in the year 2020.

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.