What is Orthopedic Software?
Orthopedic software automates the management of all the patient data, treatment monitoring, medicines dosage, scheduled checkups, etc. It provides helps the orthopedic doctor, surgeons, and staff which in result delivers efficiency in the office work and other activities. The software consists of voice recognition technology with an immersive medical education facility for the practitioners which makes surgeons and doctors work relatively easier and faster.
The market study is broken down, by Application (Orthopedic Surgery, Joint Replacement, Fracture and Limb Deformity Management and Pediatric Assessment) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Materialise NV (Belgium), Brainlab (Germany), Merge Healthcare Inc. (IBM) (United States), GE Healthcare (United States), McKesson Corporation (United States), Greenway Health, LLC (United States), Medstrat, Inc. (United States), OrthoGrid Systems, Inc. (United States), DJO Global, Inc. (United States) and Clinicea (Singapore) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Orthopedic Software market by Type, Application and Region.
On the basis of geography, the market of Orthopedic Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Orthopedic Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Digital Templating / Pre-operative Planning will boost the Orthopedic Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Orthopedic Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 6th August 2020, DJO, LLC a leading global provider of medical technologies to get and keep people moving, introduces Motion iQ, an innovative new software solution designed to transform the surgical journey by connecting the surgeon, care team, and patient throughout the continuum of care.
On 11th June 2020, OrthoGrid Systems, Inc., a global MedTech company specializing in intraoperative surgical applications that aim to digitally transform orthopedic surgery, announced the first successful testing of its AI-powered software solution in live trauma surgery at University Medical Center (UMC) in Las Vegas, NV.
Market Trend
- Introduction of Orthopedic Software for the Immersive Medical Education and Practicing Surgery
Market Drivers
- Rising Orthopedic Disorders Like Rheumatoid Arthritis in People
- Demand for Automation in Manging the Data and Planning of Orthopedic Surgery Operation
Opportunities
- Surging Healthcare Investment will Boost the Orthopedic Software Market
- Technological Upgradation in the Orthopedic Software
Restraints
- Risk of Threats to the Patient Data in the Orthopedic Software
Challenges
- The Requirement of the Professional Bodies for Handling Orthopedic Software
Key Target Audience
Orthopedic Software Developers, Orthopedic Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.