The global orthopedic software market is expected to grow 8.56% over the next decade to reach $310.45 million by 2032, according to a recent global market study by Quince Market Insights.
 
Orthopedic software is time-saving software that helps orthopedic doctors and surgeons keep track of clinical data and treatment information. It also assists in maintaining electronic health records (EHR) and manage patient workflow. The growth in orthopedic-related conditions and procedures, as well as advancements in healthcare technology, is likely to fuel the market’s expansion.
 
The amount of time doctors and surgeons spend keeping vital patient records and coordinating patient-related information with other doctors is growing, thereby necessitating the development of orthopedic software. Such software can help correctly communicate medical information to patients and direct surgeons during procedures. Surgeons can utilize it to create a pre-operative strategy that serves as a roadmap for the procedure, saving time and improving outcomes. The worldwide orthopedic software market will be driven by the rising number of patients with arthritis, particularly osteoarthritis, and the planet’s aging population. The orthopaedic software sector’s expansion will be impacted by the rise in sports- and traffic-related injuries, which will lead to more procedures. 
 
Orthopedic software solutions will help fuel the market’s expansion, as will technological developments and the uptake of minimally invasive surgery in both developed and developing nations. 
 
The need for data sharing and access is also projected to rise as a result of smart devices’ data collecting capabilities. For instance, Consensus Orthopedics Inc. introduced TracPatch, an orthopedic wearable, in 2015 to gather patient data and redefine orthopedics through data and analytics. Additionally, as minimally invasive surgery spreads, hospitals and doctors affiliated with surgical centers benefit. The software helps and speeds up this process for surgeons, enabling them to deliver better results for patients while still being economical. Additionally, specialised facilities with orthopadic software can offer a more thorough treatment plan.
 
COVID-19 Impact
In many nations, the pandemic has had a significant influence on orthopedic everyday practices. The indications for surgery have changed, with urgent procedures requiring great care, especially in patients who are suspected or who have contracted COVID-19 and elective cases have been delayed. The administration of inpatients has been significantly impacted by this, necessitating the use of specialized staff, patient isolation, and severe visiting regulations. On the other hand, outpatient visits have been limited to reduce patient-hospital staff interaction, which has had a substantial impact on the postoperative quality of care and the human element of medical practice.
 
Orthopedic Software Market, by Product 
Pre-operative planning software
Digital templating and preoperative planning tools are forecast to expand more quickly through 2032. Pre-operative planning is growing in popularity because it can prevent issues and optimize crucial geometric elements including leg length and femoro-acetabular alterations. Using accurate patient data from records, surgeons may develop a preoperative plan that will serve as a guide during surgery. Orthopaedic software is being adopted in hospitals, surgery centers, and specialized orthopedic clinics due to the lengthy nature of this therapy.
 
Electronic health records
Faster treatment procedures and a greater requirement for data interchange are the main factors propelling expansion in this area. Through the establishment of patient education, prescriptions, and referral letters, these EHR systems are meant to assist clinicians in creating individualized treatment regimens for certain medical illnesses. The versatility of this programe promotes acceptability, and it is expected to gain popularity soon.
 
Picture archiving and communication systems (PACS)
Orthopaedic PACS comprised 32.9% of the worldwide orthopedic software market in 2019. The availability of orthopedic PACS linked with digital templating software increases demand for PACS because it enables surgeons to conduct digital templating more successfully. This reduces the importance of laborious surgical procedures. Additionally, it eliminates extra costs related to equipment sterilization.
 
Revenue cycle management (RCM)
In RCM healthcare activities, using specialized software to track patient data is typical (such as patient charts, specific services rendered, and visit notes). Before approving the submission of a charge ticket, many payer organizations (such as health insurance providers and governmental bodies) need precise details on patient visits.
 
In 2021, orthopedic procedures held the largest market share. Roughly 30%-40% of patients visit primary care doctors each year with musculoskeletal issues as their major concern, according to the Department of Orthopedic Surgery at the University of California (DOSUC). In the near future, it is anticipated the growing number of activities will lead to a huge increase in demand for data exchange and storage. As a result, it is anticipated that this software will be used more frequently in hospitals and other specialized settings.
 
The joint replacement industry had the significant market share in 2021. The number of joint replacements has grown as a result of the rising incidence of chronic conditions.
 
Fracture management is predicted to experience the fastest annual growth through 2032. The fracture treatment planning program’s extensive prosthesis template library and user-friendly procedure-specific features enable surgeons to efficiently plan each procedure and steer clear of any surgical challenges. For primary and revision knee and hip arthroplasties, minor joint and shoulder replacements, deformity correction, and fracture management procedures, for instance, doctors utilize Materialise’s OrthoView preoperative planning software.
 
Due to factors including the availability of locally installed, cost-effective orthopedic software to handle different financial and clinical workflow demands, on-premise software maintained the greatest market share. Numerous companies provide specialized software based on customer requirements, including pre-operative planning and templating for hospitals and clinics. For instance, PeekMed provides 3D surgical planning software. The demands and size of the healthcare practice are taken into account when on-premise software is modified or totally customized. In-house resource deployment within IT infrastructure, complete control over protection and customization, increased privacy and security are just a few of the benefits that make on-premises data orthopedic software so popular.
 
Cloud-based software solutions are anticipated to expand at a sizable annual growth rate throughout the projected period. Main growth drivers are the healthcare industry’s consolidation and the rise of multispecialty hospitals, which demand one-stop solutions for all specialties as well as data collection and administration. Cloud-based orthopedic software is also becoming more popular among orthopedic clinicians since it allows businesses to exchange data instantly and frees up IT staff to work on other essential tasks. In healthcare firms, this increases process productivity and financial effectiveness. Additionally adaptable and easily scaled up or down cloud-based solutions.
 
The global market for orthopaedic software is segmented by end user into healthcare facilities, hospitals, and ambulatory facilities. Hospitals have a significant need for orthopaedic software because it gives orthopaedic surgeons better tools for better visualizing difficult circumstances, improving medical treatment effectiveness, reducing time and healthcare costs, and improving data administration.
 
The North American, European, Asian Pacific, Central and South American, Middle Eastern, and African areas make up the bulk of the world’s orthopedic software market, with North America accounting for the largest share. Greater software implementation in Canada and the United States is responsible for North America’s strong performance. Demand has grown due to the aging population in both countries as well as an increase in hip and knee conditions. More than 7 million Americans undergo knee or hip replacement surgery each year, according to the American Academy of Orthopedic Surgeons (AAOS) 2017 assessment. This higher surgical rate suggests that there are more orthopedic issues on the rise. Conversely, more widespread adoption of data sharing and orthopedic EHRs increases the regional demand.
 
Europe is the next largest market for orthopedic software due to improved digitization of healthcare procedures and an increase in the number of elderly patients with knee conditions.
 
In contrast, the market is expected to experience a high annual growth rate throughout the projection period due to increased healthcare IT penetration and rising customer awareness in emerging nations like China. Another significant factor driving the development of the orthopaedic software industry is the expansion of procedures. The World Health Organization (WHO) reports that in 2017, sports-related malformations and injuries were the fifth-highest treatment demand among Asian nation states. Because they are the most rapidly expanding countries in the area, China and India will be key to market growth.
 
Recent Developments 

• PrecisionOS is preparing to introduce InVisionOS, a virtual reality tool for surgery planning that has received U.S. Food and Drug Administration (FDA) clearance. The VR surgical planning tool is designed specifically to examine the individual anatomy of each patient, further assisting patients in making plans and preparing for surgery. The software can quickly produce 3D reconstructions from CT images.
• Breg Inc. released orthopedic software Vision 7.5 in October 2021 to allow increased efficiency and supply accuracy across athletic clubs, hospitals, and clinics. The program simplified the administrative process while enhancing patient care.
• Olympus Corporation of the Americas completed its the case with the FDA 510(k) authorized e-ORTHO Shoulder software created by FH ORTHO, a business purchased by Olympus in 2016.
• NextGen Healthcare Inc., a top supplier of ambulatory technology solutions, launched the following iteration of its behavioural health suite in September 2020. The NextGen Behavioral Health Suite is the only platform in the market that combines complete physical, behavioral, and dental health into a single software solution. It is built on an award-winning electronic health record (EHR) and practise management system.
• In order to create a comprehensive innovation of radiation-free 3D printing to be utilized in pre-operative planning in orthopedic treatments, the University Medical Center Utrecht, MRIguidance, and Axial3D jointly obtained a European Eurostars grant in March 2020.
• In June 2019, the orthopedic joint repair branch of Brainlab was acquired by Smith+Nephew. The purchase supports Smith & Nephew’s plan to invest in innovations that boost its multi-asset ecosystem for robotic surgery.
• In March 2018, Materialise and DePuy Synthes introduced the TRUMATCH Personalized Solutions shoulder system. DePuy Synthes distributes the product as part of this partnership in Canada, the United States, New Zealand, Australia, and Europe.