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Global Orthopedic Software Market Research and Forecast, 2019-2025

  • ID: 4757163
  • Report
  • February 2019
  • Region: Global
  • Orion Market Research Private Limited
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FEATURED COMPANIES

  • AdvancedMD, Inc.
  • Bizmatics, Inc.
  • Carestream Health, Inc.
  • Exscribe, Inc.
  • Kareo, Inc.
  • Medstrat, Inc.
  • MORE
Orthopedic Software Market Size, Share & Trends Analysis Report, By Application (Sports Medicine, Joint Replacement, Fracture Management, Deformity Correction, and Others), By Product (Practice Management, Digital Orthopedic Templating, Electronic Health Record (EHR) and Others), and Forecast, 2019-2025.

Orthopedic software is a range of solutions, which includes an EHR, revenue cycle management, practice management system and analytics platform. Such tools are designed for orthopedics and support in clinical, financial and operational aspects of the business. The orthopedic EHR system contains several features that enable to provide the best care more efficiently. These features include merit-based incentive payment system (MIPS) dashboard, cloud-based technology, orthopedic interoperability, Suggested automatic coding, and iPad and desktop accessibility. The EHR software enables to easily access patient’s information from any place. The increasing number of sports injuries has significantly increased the demand for EHR system to effectively store patient’s information, managing appointments, scheduling, and billing management.

There has been a fivefold rise in the severe shoulder and elbow injuries among softball and baseball players, since 2000. This rising number of sports injuries is expected to fuel the demand for orthopedic treatment and procedures across hospitals and clinics. This, in turn, results in the adoption of orthopedic software for optimization of workflow, ranging from scheduling to post-surgical follow-up. Orthopedic software minimizes administrative burden and enables staff to spend more time on patient care. In addition, orthopedic practice management software leverages the power of automation to reduce operating costs and improve patient flow. This results in stronger growth potential and better patient outcomes. Other factors contributing to the demand for orthopedic software include the increasing number of joint replacement procedures, technological innovations and rapid growth in the aging population.

The global orthopedic software market is segmented into application, product, and mode of delivery. On the basis of application, the market is further classified into fracture management, joint replacement, deformity correction, and others. A significant number of arthroplasty procedures, such as hip and knee replacements were reported over the last decade. For instance, according to the Japanese Society for Replacement Arthroplasty, the reported number of arthroplasty procedures performed was 38,018 during the period (April 2016 to March 2017). A considerable rise in the aging population is one of the major factors for the growth of arthroplasty procedures in the country. This considerable rise in the demand for arthroplasty procedures has significantly increased the demand for orthopedic software in a joint replacement application. The use of orthopedic software works as a surgical navigation tool that allows surgeons to improve functional outcomes, improve alignment and reduce revisions. This facilitates soft tissue management and automatically follows surgical steps during the surgery. Hence, it encourages surgeons to adopt orthopedic software to gain higher precision and accuracy during the procedure. Furthermore, on the basis of product, the market is further classified into EHR, picture archiving and communication systems (PACS), digital orthopedic templating, practice management, and others. On the basis of mode of deployment, the market is further classified into cloud-based, web-based and on-premise.

On the basis of geography, the global orthopedic software market is segmented into four major regions, such as North America, Europe, Asia-Pacific, and rest of the world (RoW). The factors that are contributing to the adoption of orthopedic software in North America comprise an increasing number of sports injuries and improved healthcare infrastructure in the region. However, Asia-Pacific is expected to show considerable growth due to significant geriatric population base and increasing demand for advanced automation solutions in the healthcare sector in the region.

Some players that are working in the market include Modernizing Medicine, Inc., Merge Healthcare, Inc. and Brainlab AG. The crucial strategies followed by these companies include merger and acquisitions, product launches and partnerships to gain competitive advantage. For instance, in March 2018, Modernizing Medicine, Inc. partnered with WebPT, Inc. to build a robust interface between the EMA (an ortho-specific EHR system by Modernizing Medicine, Inc.) and WebPT EMR. The new interface will allow several members of the orthopedic care team, ranging from the physical therapist to the surgeon to effectively share information in entire episodes of care and thereby decreasing redundancies and inefficiencies in orthopedic clinics and outpatient rehabilitation facilities.

Research Methodology

The market study of the global orthopedic software market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:
  • Financial reports of companies involved in the market.
  • Authentic public databases such as AJRR, The Japanese Society for Replacement Arthroplasty and so on.
  • Whitepapers, research-papers, and news blogs.
  • Company websites and their product catalog.
The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. Global Orthopedic software Market Research and Analysis by Application
2. Global Orthopedic software Market Research and Analysis by Product
3. Global Orthopedic software Market Research and Analysis by Mode of Deployment

The Report Covers:
  • Comprehensive research methodology of the global orthopedic software market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the global orthopedic software market.
  • Insights about market determinants which are stimulating the global orthopedic software market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AdvancedMD, Inc.
  • Bizmatics, Inc.
  • Carestream Health, Inc.
  • Exscribe, Inc.
  • Kareo, Inc.
  • Medstrat, Inc.
  • MORE
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders

2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations

3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Brainlab AG
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Merge Healthcare, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Materialise N.V.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Medstrat, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. CureMD Healthcare
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments

4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities

5. Market Segmentation
5.1. Global Orthopedic Software Market by Application
5.1.1. Joint Replacement
5.1.2. Fracture Management
5.1.3. Deformity Correction
5.1.4. Others (Pediatric Orthopedic Assessment)
5.2. Global Orthopedic Software Market by Product
5.2.1. Practice Management
5.2.2. Digital Orthopedic Templating
5.2.3. Electronic Health Record (EHR)
5.2.4. Picture Archiving and Communication Systems (PACS)
5.2.5. Others (Revenue Cycle Management and Patient Engagement)
5.3. Global Orthopedic Software Market by Mode of Deployment
5.3.1. Cloud-Based
5.3.2. Web-Based
5.3.3. On-Premise

6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World

7. Company Profiles
7.1. Advanced Data Systems Corp.
7.2. AdvancedMD, Inc.
7.3. Aprima Medical Software, Inc.
7.4. athenahealth, Inc.
7.5. Azalea Health
7.6. Bizmatics, Inc.
7.7. Brainlab AG
7.8. CareCloud Corp.
7.9. Carestream Health, Inc.
7.10. Compulink Healthcare Solutions
7.11. CureMD Healthcare
7.12. DICOM Grid, Inc. (dba Ambra Health)
7.13. drchrono, Inc.
7.14. Exscribe, Inc.
7.15. Greenway Health, LLC
7.16. iSALUS Healthcare
7.17. Kareo, Inc.
7.18. Konica Minolta Healthcare Americas, Inc.
7.19. Materialise N.V.
7.20. Medsphere Systems Corp.
7.21. Medstrat, Inc.
7.22. Merge Healthcare, Inc.
7.23. Modernizing Medicine, Inc.
7.24. NextGen Healthcare, Inc.
7.25. Novarad Corp.
7.26. ScImage, Inc.
7.27. Sectra AB
Note: Product cover images may vary from those shown
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  • Advanced Data Systems Corp.
  • AdvancedMD, Inc.
  • Aprima Medical Software, Inc.
  • athenahealth, Inc.
  • Azalea Health
  • Bizmatics, Inc.
  • Brainlab AG
  • CareCloud Corp.
  • Carestream Health, Inc.
  • Compulink Healthcare Solutions
  • CureMD Healthcare
  • DICOM Grid, Inc. (dba Ambra Health)
  • drchrono, Inc.
  • Exscribe, Inc.
  • Greenway Health, LLC
  • iSALUS Healthcare
  • Kareo, Inc.
  • Konica Minolta Healthcare Americas, Inc.
  • Materialise N.V.
  • Medsphere Systems Corp.
  • Medstrat, Inc.
  • Merge Healthcare, Inc.
  • Modernizing Medicine, Inc.
  • NextGen Healthcare, Inc.
  • Novarad Corp.
  • ScImage, Inc.
  • Sectra AB
Note: Product cover images may vary from those shown
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