The Orthopedic Software Market is expected to grow from USD 4.02 billion in 2019 to USD 5.81 billion by 2026 at a CAGR of 5.40% from 2020 to 2026.
Orthopedic Software offers accurate delivery of patient’s information regarding medical parameters. This software pertains to maintaining electronic health records and also controllers surgeons while operating the patients. The necessity for this software arises owing to the increasing amount of time spent by the orthopedic physician or surgeon in keeping critical patient paperwork and coordinating that information pertaining to the patient with other physicians. Orthopedic software helps inaccurate delivery of patients’ information regarding medical parameters. Orthopedic software pertains to maintaining electronic health records and also guides surgeons while operating the patients. It also supports them in preparing a pre-operative plan which can be used as guidance during surgery. This process, if carried out manually, is not only highly time-consuming but also rises chances of introducing an error. This issue is easily overcome by installing this software in hospitals, surgery centers, and orthopedic specialty clinics. The increase in population suffering from arthritis, especially osteoarthritis across the world, coupled with an upsurge in the geriatric population is set to propel the market for this software global.
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The global Orthopedic Software market has been segmented as below:
By Mode of Delivery
Orthopedic Picture Archiving and Communication Systems
Orthopedic Revenue Cycle Management
Pre-Operative Planning Software
Orthopedic Electronic Health Record
Orthopedic Practice Management
Rest of The World
Mckesson Corporation, Healthfusion Inc, Greenway Health, Quality Systems, Inc, GE Healthcare, Brainlab AG, Merge Healthcare Inc, Medstrat, Inc, Curemd, Materialise NV, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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