According to the research report titled ‘Global Orthopedic Software Market Size study, by Product (Digital templating and preoperative planning software, Orthopedic EHR, Orthopedic Practice Management Software, Orthopedic PACS, Orthopedic RCM, Others), by Mode of Delivery (Cloud/Web Based, On-Premise), by Application (Orthopedic Surgery, Fracture Management, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global orthopedic software market was worth USD 302 million in 2019 and is predicted to expand at 5.8% CAGR over 2020-2027, subsequently reaching a valuation of USD 474 million by the end of the forecast period.
 

As per the report findings, rising prevalence of arthritis and osteoporosis, coupled with booming geriatric population who are at elevated risk of acquiring such conditions are augmenting global orthopedic software market size. Moreover, escalating number of orthopedic surgeries and increasing research & development activities are adding substantial traction to the market growth.
 

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For those unaware, orthopedic software enables an orthopedic physician or surgeon to extemporize the methods of sustaining information regarding clinical data as well as treatment procedures in a time-efficient manner. Further, it assists surgeons throughout the procedures and can be integrated with electronic health records. The ability of orthopedic software to deliver accurate information regarding medical factors will continue to stimulate product demand in the coming years.
 

Speaking of the factors restraining global orthopedic software market growth, lack of skilled professionals along with high costs associated with  orthopedic surgeries are expected to barricade business development during the stipulated timeframe.
 

Based on product landscape, the market is split into orthopedic RCM, orthopedic PACS, orthopedic practice management software, orthopedic HER, and digital templating & preoperative planning software.
 

With regards to mode of delivery, the industry is bifurcated into on-premise and cloud/web based.
 

Elaborating on regional outlook, North America captures a substantial portion of global orthopedic software market share and is slated to  experience substantial expansion through 2027, owing to high concentration of prominent technology vendors and rising number of orthopedic surgeries in the region.
 

Meanwhile, Asia-Pacific is touted to  grow tremendously during 2020-2027, on account of inflating elderly population base, rising prevalence of orthopedic disorder, and escalating demand for orthopedic software, predominantly in India and China.
 

Top companies influencing worldwide orthopedic software market trends are Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., IBM Corp., CureMD Healthcare, Brainlab, Greenway Health, LLC, Medstrat, Inc., Nextgen Healthcare, Inc., Materialise N.V., and DrChrono, Inc.