The global orthopedic software market size was estimated to be USD 394.1 million in 2023 and is expected to reach at USD 933.0 million by 2034 with a CAGR of 8.15% during the forecast period 2024-2034. Rising occurrence of orthopedic disorders & injuries, growing elderly population, widespread acceptance of minimally invasive surgical procedures, escalating research & development efforts, surge in technological advancements, rising number of individuals suffering from orthopedic conditions such as arthritis, osteoarthritis, & rheumatoid arthritis, growing awareness regarding osteoporosis & other orthopedic disorders, and increasing introduction of cutting-edge orthopedic software are the factors propelling the growth of the market.
Increasing introduction of state-of-art orthopedic software is predicted to boost the market growth during the forecast period. The increasing incidence of orthopedic disorders is driving the demand for advanced software designed to assist in the anatomical assessment, planning, and measurements of structures such as knees and spines. Such software aids in achieving optimal and revision-safe preparation for surgeries. Hence, market players are introducing advanced solutions due to upswing in the adoption of such software in the orthopedic field is anticipated to be a significant contributor to market growth. For instance, in September 2022, Stryker introduced the Q Guidance System designed for spine applications. This system enhances surgical planning and navigation capabilities by integrating state-of-the-art, redesigned camera features with advanced algorithms, incorporating new optical tracking options.
By product, orthopedic electronic health record (EHR) was the highest revenue-grossing segment in the global orthopedic software market in 2023 owing to the rising incidence of orthopedic issues & injuries, an uptick in the adoption of minimally invasive procedures, expanding research & development initiatives, and increasing emphasis on introducing technologically advanced applications and management software. For instance, in May 2023, The Ortho Q assistance system, which offers sophisticated surgical planning and assistance for hip and knee operations, was introduced by Stryker. Surgeons can conveniently control the system from the sterile field. The Ortho Q Guidance system integrates new optical tracking features through an updated, cutting-edge camera and utilizes sophisticated algorithms from the recently launched Ortho Guidance software to provide enhanced surgical planning and guidance capabilities. Additionally, Orthopedic Picture Archiving and Communication Systems (PACS) is predicted to grow at the fastest CAGR during the forecast period owing to the availability of sophisticated PACS (Picture Archiving and Communication System) linked with advanced templating software allows physicians to efficiently perform digital templating. This reduces the emphasis on lengthy surgical procedures and minimizes additional costs related to equipment sterilization.
By mode of delivery, on-premise was the highest revenue-grossing segment in the global orthopedic software market in 2023 owing to the increased control and security of patient data provided by on-premise solutions, the escalating prevalence of orthopedic conditions, and the growing investments made by major market players. Additionally, cloud/web based is predicted to grow at the fastest CAGR during the forecast period owing to its broad capabilities in orthopedic surgical planning, including features such as on-demand computing cycles and application storage, increasing demand for cloud-based orthopedic surgical planning software that is both cost-effective & efficient, and growing trend in implementing advanced Electronic Health Record (EHR) applications. For instance, in July 2022, Midwest Orthopaedic Center has initiated the implementation of an Electronic Health Record (EHR) system from the health IT provider eClinicalWorks. This move is anticipated to enhance clinician workflow and effectiveness. Additionally, the center plans to integrate the eClinicalWorks Revenue Cycle Management solution to enhance financial performance, boost price transparency, optimize collection rates, and streamline analytics through real-time dashboards.
By application, orthopedic surgery was the highest revenue-grossing segment in the global orthopedic software market in 2023 owing to the growing incidence of orthopedic disorders, rising geriatric population, and increasing launch of advanced devices. For instance, in July 2022, Enovis recently introduced ARVIS, a wearable augmented reality (AR) device tailored for orthopedic surgeries, with a specific focus on knee and hip replacements. ARVIS stands out as an autonomous surgical guidance tool that surgeons can control, and it is designed to be securely attached to the wearer's head to avoid any interference during the operation. Additionally, fracture management is predicted to grow at the fastest CAGR during the forecast period owing to the increasing number of road accidents and growing awareness & availability of advanced solutions for the management of fracture.
By end-user, hospitals was the highest revenue-grossing segment in the global orthopedic software market in 2023 owing to the increasing adoption of cutting-edge technologies within hospitals and the growing demand for orthopedic software for patient data in Population Health Management (PHM). Additionally, ambulatory surgical centers is predicted to grow at the fastest CAGR during the forecast period owing to the capability of advanced software to assist surgeons in minimizing the risk of intraoperative complications and the increasing launch of advanced solutions by market players. For instance, in June 2023, SmartTRAK, the prominent global intelligence solution for Medtech businesses in Orthopedics, Wound Care, Regenerative Medicine, and Neuro Therapy markets, is excited to introduce ASC Insights. This is the first platform-based commercial solution developed especially for the growing market for ambulatory surgery centers (ASCs).
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing incidence of orthopedic disorders including arthritis, osteoarthritis, knee pain, & others, well-established healthcare infrastructure, rise in the geriatric population, and growing emphasis on expansion by market players. For instance, in October 2023, PeekMed has extended its operations to include PeekMed LLC, a formal subsidiary established in Warsaw, Indiana, United States. This strategic growth aligns seamlessly with the upcoming introduction of PeekMed Web, which is presently in the beta testing phase and is scheduled for imminent release in the US market. The establishment of PeekMed LLC is motivated by the intention to fortify its presence in the world's largest and most impactful healthcare market. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the implementation of strategic initiatives by key players, rising demand for minimally invasive procedures, continuous technological advancements in orthopedic surgery, and upsurge in collaborations among market leaders. For instance, in February 2022, Formus Labs has entered into a partnership with Zimmer Biomet with the objective of collaboratively developing and bringing Formus Hip to the market in New Zealand and Australia.
Increasing introduction of state-of-art orthopedic software is predicted to boost the market growth during the forecast period. The increasing incidence of orthopedic disorders is driving the demand for advanced software designed to assist in the anatomical assessment, planning, and measurements of structures such as knees and spines. Such software aids in achieving optimal and revision-safe preparation for surgeries. Hence, market players are introducing advanced solutions due to upswing in the adoption of such software in the orthopedic field is anticipated to be a significant contributor to market growth. For instance, in September 2022, Stryker introduced the Q Guidance System designed for spine applications. This system enhances surgical planning and navigation capabilities by integrating state-of-the-art, redesigned camera features with advanced algorithms, incorporating new optical tracking options.
By product, orthopedic electronic health record (EHR) was the highest revenue-grossing segment in the global orthopedic software market in 2023 owing to the rising incidence of orthopedic issues & injuries, an uptick in the adoption of minimally invasive procedures, expanding research & development initiatives, and increasing emphasis on introducing technologically advanced applications and management software. For instance, in May 2023, The Ortho Q assistance system, which offers sophisticated surgical planning and assistance for hip and knee operations, was introduced by Stryker. Surgeons can conveniently control the system from the sterile field. The Ortho Q Guidance system integrates new optical tracking features through an updated, cutting-edge camera and utilizes sophisticated algorithms from the recently launched Ortho Guidance software to provide enhanced surgical planning and guidance capabilities. Additionally, Orthopedic Picture Archiving and Communication Systems (PACS) is predicted to grow at the fastest CAGR during the forecast period owing to the availability of sophisticated PACS (Picture Archiving and Communication System) linked with advanced templating software allows physicians to efficiently perform digital templating. This reduces the emphasis on lengthy surgical procedures and minimizes additional costs related to equipment sterilization.
By mode of delivery, on-premise was the highest revenue-grossing segment in the global orthopedic software market in 2023 owing to the increased control and security of patient data provided by on-premise solutions, the escalating prevalence of orthopedic conditions, and the growing investments made by major market players. Additionally, cloud/web based is predicted to grow at the fastest CAGR during the forecast period owing to its broad capabilities in orthopedic surgical planning, including features such as on-demand computing cycles and application storage, increasing demand for cloud-based orthopedic surgical planning software that is both cost-effective & efficient, and growing trend in implementing advanced Electronic Health Record (EHR) applications. For instance, in July 2022, Midwest Orthopaedic Center has initiated the implementation of an Electronic Health Record (EHR) system from the health IT provider eClinicalWorks. This move is anticipated to enhance clinician workflow and effectiveness. Additionally, the center plans to integrate the eClinicalWorks Revenue Cycle Management solution to enhance financial performance, boost price transparency, optimize collection rates, and streamline analytics through real-time dashboards.
By application, orthopedic surgery was the highest revenue-grossing segment in the global orthopedic software market in 2023 owing to the growing incidence of orthopedic disorders, rising geriatric population, and increasing launch of advanced devices. For instance, in July 2022, Enovis recently introduced ARVIS, a wearable augmented reality (AR) device tailored for orthopedic surgeries, with a specific focus on knee and hip replacements. ARVIS stands out as an autonomous surgical guidance tool that surgeons can control, and it is designed to be securely attached to the wearer's head to avoid any interference during the operation. Additionally, fracture management is predicted to grow at the fastest CAGR during the forecast period owing to the increasing number of road accidents and growing awareness & availability of advanced solutions for the management of fracture.
By end-user, hospitals was the highest revenue-grossing segment in the global orthopedic software market in 2023 owing to the increasing adoption of cutting-edge technologies within hospitals and the growing demand for orthopedic software for patient data in Population Health Management (PHM). Additionally, ambulatory surgical centers is predicted to grow at the fastest CAGR during the forecast period owing to the capability of advanced software to assist surgeons in minimizing the risk of intraoperative complications and the increasing launch of advanced solutions by market players. For instance, in June 2023, SmartTRAK, the prominent global intelligence solution for Medtech businesses in Orthopedics, Wound Care, Regenerative Medicine, and Neuro Therapy markets, is excited to introduce ASC Insights. This is the first platform-based commercial solution developed especially for the growing market for ambulatory surgery centers (ASCs).
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing incidence of orthopedic disorders including arthritis, osteoarthritis, knee pain, & others, well-established healthcare infrastructure, rise in the geriatric population, and growing emphasis on expansion by market players. For instance, in October 2023, PeekMed has extended its operations to include PeekMed LLC, a formal subsidiary established in Warsaw, Indiana, United States. This strategic growth aligns seamlessly with the upcoming introduction of PeekMed Web, which is presently in the beta testing phase and is scheduled for imminent release in the US market. The establishment of PeekMed LLC is motivated by the intention to fortify its presence in the world's largest and most impactful healthcare market. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the implementation of strategic initiatives by key players, rising demand for minimally invasive procedures, continuous technological advancements in orthopedic surgery, and upsurge in collaborations among market leaders. For instance, in February 2022, Formus Labs has entered into a partnership with Zimmer Biomet with the objective of collaboratively developing and bringing Formus Hip to the market in New Zealand and Australia.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
Study Coverage
- Market Forecast by Type, Material, Product, and End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Orthopedic Software Market Report 2023 - 2034
Orthopedic Software Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Mn)
- Orthopedic Picture Archiving and Communication Systems (PACS)
- Digital Templating/Preoperative Planning Software
- Orthopedic Electronic Health Record (EHR)
- Orthopedic Revenue Cycle Management
- Orthopedic Practice Management
- Other Equipment and Systems
Orthopedic Software Market Analysis & Forecast by Mode of Delivery 2023 - 2034 (Revenue USD Mn)
- On-premise
- Cloud/Web Based
Orthopedic Software Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Mn)
- Fracture Management
- Orthopedic Surgery
- Others
Orthopedic Software Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Mn)
- Hospitals
- Ambulatory Surgical Centers
- Others
Orthopedic Software Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Mn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Orthopedic Software Market: Product Estimates & Trend Analysis
8. Orthopedic Software Market: Mode Of Delivery Estimates & Trend Analysis
9. Orthopedic Software Market: Application Estimates & Trend Analysis
10. Orthopedic Software Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Orthopedic Software Market
13. Europe Orthopedic Software Market
14. Asia Pacific Orthopedic Software Market
15. Latin America Orthopedic Software Market
16. MEA Orthopedic Software Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- IBM Corporation (Merge Healthcare Inc.)
- Nextgen Healthcare Information Systems LLC
- mediCAD Hectec GmbH
- Brainlab AG
- Breg Inc.
- Athenahealth Inc.
- Materialise NV
- Greenway Health LLC
- Rayence
- GE Healthcare
- CureMd Healthcare
- Medstrat Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 394.1 Million |
| Forecasted Market Value ( USD | $ 933 Million |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
