Orthopedic PACS Provides Significant Opportunities in the Global Orthopedic Software Market- MarketsandMarkets

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The developing nations are expected to witness a strong growth for the orthopedic PACS market. http://www.marketsandmarkets.com/Market-Reports/orthopedic-software-market-94720371.html



The Key Players are Materialise NV (Belgium), Merge Healthcare Inc. (U.S.), Brainlab AG (Germany), CureMD (U.S.), Medstrat, Inc. (U.S.), HealthFusion Inc. (U.S.), McKesson Corporation (U.S.), and Greenway Health (U.S).

Orthopedic software is used before, during and after orthopedic surgeries by surgeons. While there are different types of software used by orthopedic surgeons, digital templating software is most widely used, as they enable advanced orthopedic surgical planning. Orthopedic EHR and orthopedic picture archiving and communication systems (PACS) are also some of the other software preferred by orthopedic surgeons.

The global orthopedic software market is expected to grow at a CAGR of 5.1% from 2014 to 2020. The global orthopedic software market is driving by rising incidences of orthopedic ailments such as arthritis and osteoporosis, high number of orthopedic surgeries and growing geriatric population which is more prone to orthopedic related problems.

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The global orthopedic software market is broadly segmented by products, applications and mode of delivery. The products market is further sub-segmented into pre-operative planning software, orthopedic EHR, practice management, orthopedic picture archiving and communication systems (PACS) and orthopedics revenue cycle management (RCM). The market by applications includes orthopedic surgeries, joint replacement, fracture and limb deformity management and pediatric assessment. Based on the mode of delivery the market is further sub-divided into web-based, cloud based and on premises systems.

While the North American and European markets for orthopedic software remain highly penetrated, Asia-Pacific is expected to register the highest growth during the forecast period. This is majorly attributed to increasing investment in healthcare IT and rising awareness especially in countries such as China and Japan from this region.

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