The global orthopedic software market size is expected to reach USD 607.0 million by 2030, registering a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. This is attributed to the rising technological advancements in orthopedic surgeries and the increasing prevalence of orthopedic conditions such as arthritis, joint pain, and fractures. According to the CDC, around 78 million people aged 18 years and older are anticipated to have doctor-diagnosed arthritis by 2040. Moreover, the rising geriatric population is expected to drive the demand for efficient and cost-effective orthopedic surgical planning software from 2023 to 2030.
One of the key factors fueling market growth is the rising prevalence of orthopedic conditions like arthritis, cubital tunnel syndrome, and lower back pain. In addition, the aging population, which is more vulnerable to these diseases, is driving the market growth. For instance, according to a National Osteoporosis Foundation article, osteoporosis, a bone disease, makes bones fragile & more prone to breaking. Around 44 million Americans have inadequate bone density, and 10 million have osteoporosis, putting them at higher risk. Moreover, about 54 million Americans, or half of all people aged 50 and over, are at risk of fractures caused by accidents and trauma. Accordingly, the demand for Minimally Invasive (MI) surgeries among patients & healthcare professionals is fueling the market growth.
Orthopedic Software Market Report Highlights
- Based on product, the orthopedic EHR segment dominated the market in 2023 with a share of 25.43%. The growth is attributed to recent favorable changes in the orthopedic EHR industry, including new expansion activities, product launches, rising mergers, and acquisitions. For instance, the U.S. Orthopedic Alliance (USOA) and Allscripts Healthcare Solutions formed a strategic partnership in January 2021. Furthermore, the increasing digitalization rate has significantly boosted the overall demand for EHRs
- Based on the mode of delivery, the web/cloud-based segment is anticipated to dominate the market over the forecast period. It held the leading share of 86.56% in 2023, owing to the reliability and quick processing times of web/cloud-based systems. Furthermore, cloud-based solutions can simplify the process of obtaining available information remotely. This segment has expanded due to increased data storage, communication capacity, accessibility, reduced IT expenses, scalability, and other benefits
- Based on application, the orthopedic surgeries segment is anticipated to dominate the market in 2023 and hold the leading share of 59.82% in 2023. The need for data sharing and storage is expected to increase significantly in the upcoming period amid the growing number of orthopedic operations. As a result, the use of orthopedic software is anticipated to increase in medical facilities and other specialized settings
- In 2023, North America held the largest share of 43.01% in the market, driven by the availability of advanced infrastructure, high levels of digital literacy, and policies that permit the implementation of orthopedic software such as EHRs. For instance, the Federal Health IT Strategic Plan 2020-2025, which the federal government unveiled in May 2020, requires healthcare providers to use EHRs effectively, likely to boost the regional market throughout the forecast period
- The growing demand for technologically advanced orthopedic software/platforms has led to intense competition among market players. Key companies actively undertake various strategic initiatives to grow in the market. For instance, in March 2022, Allscripts Healthcare, LLC launched Expo, an EHR technology that provides a broad range of integrated solutions for practice management
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Integrating artificial intelligence (AI) powered technologies into existing software and launching novel AI-powered orthopedic solutions also fuels market growth. For instance, in May 2023, Smith+Nephew enhanced its digital surgery and robotics portfolio with two new products: Personalized Planning powered with AI & the RI.INSIGHTS Data Visualization Platform. The CORI surgical system now features RI.KNEE ROBOTICS v2.0, which integrates AI-powered Personalized Planning. This advancement allows surgeons to set initial implant placement during total knee procedures based on AI-guided reference values and preferences for patient-specific implant deformities.
AI-powered technologies enhance the capabilities of orthopedic software by providing advanced analytics, predictive modeling, and personalized treatment planning. These technologies enable more accurate diagnosis and surgical planning, reduce the risk of complications, and improve patient outcomes. In addition, AI can streamline administrative processes, such as scheduling and patient management, making healthcare delivery more efficient.
Moreover, various software has been developed to evaluate orthopedic implant fixation and bone segment motion. For instance, according to an article published by HospiMedica International, model-based roentgen stereophotogrammetric analysis software has been developed to evaluate the fixation of orthopedic implants and the movement of bone segments. This software was the first to use calibrated stereo X-ray pictures to determine the in vivo 3D position and/or relative motion of metal implants, marker beads, and/or bone segments.
The market players undertake several strategic initiatives to grow and sustain. For instance, In January 2024, athenahealth, Inc. announced that New England Orthopedic Surgeons (NEOS) would implement athenahealth’s athenaOne, a cloud-based integrated revenue cycle management, EHR, and patient engagement suit. Moreover, in March 2022, Allscripts Healthcare, LLC launched Expo, an EHR technology that provides a broad range of integrated solutions for practice management.
List of Key Players in the Orthopedic Software Market
- IBM
- CureMD Healthcare
- GreenWay Health LLC
- Brainlab AG
- Medstrat
- Materialise
- NextGen Healthcare LLC
- DrChrono, Inc
- Allscripts Healthcare, LLC
- eClinicalWorks
- athenahealth (acquired by Hellman & Friedman and Bain Capital)
- Stryker
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We have segmented the global orthopedic software market report based on product, mode of delivery, application, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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