Published Date: 30-Nov-2019
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According to a new report Global Orthopedic Software Market, published by KBV Research, The Global Orthopedic Software Market size is expected to reach $396 Million by 2025, rising at a market growth of 6.3% CAGR during the forecast period.
The orthopedic EHR segment was dominant during 2018. The main factors that justify dominance are an increase in the demand for data sharing and faster processing. Such EHR systems are designed for the clinicians by setting up patient education, prescriptions, and referral letters to establish customized treatment plans for specific medical conditions. The software's multi-functionality supports its acceptance, which is expected to increase the consumer base in the near future. The Orthopedic Practice Management market is expected to witness a CAGR of 5.3% during (2019 - 2025).
On-premise software remained dominant in the mode of delivery segment of the orthopedic software market during 2018. This dominant trend can be attributed to factors including the availability of pocket-friendly local orthopedic software to manage various financial and clinical workflow requirements. The Web/Cloud Based market is experiencing a CAGR of 9.8% during (2019 - 2025).
North America, followed by Europe, accounted for a significant market share. The dominant share is linked to the growing U.S. and Canada adoption of orthopedic software. The high rate of the elderly population and growing problems associated with knee and hip have also resulted in increased demand. Additionally, The Asia Pacific market is anticipated to witness a CAGR of 7.7% during (2019 - 2025).
The Orthopedic Surgery market dominated the Global Orthopedic Software Market by Application in 2018. The fracture management sub-segment is anticipated to rise at the highest growth rate of 6.83% over the forecast period. With a vast library of prosthesis models and instinctive operation-specific tools, the software for fracture management planning helps surgeons to prepare each procedure effectively and prevent potential risks in surgery.
Structural Insights: https://www.kbvresearch.com/orthopedic-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Medstrat, Inc., Greenway Health LLC, Brainlab AG, General Electric (GE), Co., McKesson Corporation, Materialise NV, CureMD Healthcare, NextGen Healthcare, Inc., DrChrono, Inc. and AllScripts Healthcare Solutions, Inc.
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