Orthopedic Software Market Destine to Reach Growth by 2028 Globally, Size, Share, Industry Growth Rate, Demand & Revenue Outlook
Global Orthopedic Software Market – Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Orthopedic Software Market
The orthopedic software market is expected to witness market growth at a rate of 6.08% in the forecast period of 2021 to 2028 and is expected to reach USD 6,250.29 million by 2028. Data Bridge Market Research report on orthopedic software market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prevalence of orthopedic diseases is escalating the growth of orthopedic software market.
Orthopedic software refers to the type of software that assists in preserving electronic health records of patients and further guides’ surgeons during operation of the patients. Surgeons use these records to prepare a pre-operative plan by delivering the accurate patient information which is used as guidance during surgery. Due to the excessive time consumption of this procedure, orthopedic software is being deployed across hospitals, surgery centers and specialty orthopedic clinics.
The increase in adoption of orthopedic EHR, templating and pre-operative planning software acts as one of the major factors driving the growth of orthopedic software market. The rise in the number of orthopedic surgeries, increasing demand for faster data sharing and the consumer preference towards minimally invasive procedures accelerate the orthopedic software market growth. The increase in pressure to improve the quality of care and reduce healthcare costs and high adoption of EHRs and other eHealth solutions further influence the orthopedic software market. Additionally, growth in aging population, growth in aging population, rising awareness among population and surge in healthcare expenditure positively affects the orthopedic software market. Furthermore, consumer preference towards patient-centric healthcare delivery and availability of orthopedic software as cloud-based solutions and their use in mobile platforms extend profitable opportunities to the orthopedic software market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the deployment, requirement of heavy infrastructure investments and reluctance among orthopedicians to use orthopedic software due to privacy and data security concerns and dearth of skilled professionals act as the factors expected to obstruct the orthopedic software market growth. Lack of interoperability and integration and lack of awareness are projected to challenge the orthopedic software market in the forecast period of 2021-2028.
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