Orthopedic Software Market Size Is Predicted To Reach $446.8 Million By 2026

According to a report, “Orthopedic Software Market Size, Share & Trends Analysis Report By Product (Digital Templating/Preoperative software, Orthopedic EHR), By Mode Of Delivery, By Application, And Segment Forecasts, 2019 - 2026”, published by Grand View Research, Inc. The global orthopedic software market size is expected to reach USD 446.8 Million By 2026, registering a CAGR of 5.8%, as per a new report by Grand View Research Inc. The market is driven by the increasing pressure to curb medical expenditure by implementing cutting-edge technology. The number of orthopedic surgeries is on the rise, globally. According to a 2017 published report by by the National Inpatient Sample (NIS), the annual number of Total Hip Replacement (THR) and Total Knee Replacements (TKR) performed in the U.S. is anticipated to reach 1.28 and 0.63 million by 2030. Preoperative planning software reduces the procedure time and efficiency, simultaneously reducing the procedural risk to half, says BrainLab. 

Prominent technological advancements such as Machine Learning (ML and Artificial Intelligence (AI) have propelled the development of specific software products for individual modalities. In July 2019, DrChrono announced its collaboration with DeepScribe to develop AI-based healthcare services for clients. The partnership was aimed at integrating DrChrono EHR with artificial intelligence to systematize and automate the physician appointment system

The presence of Favorable government regulations in the U.S. such as HITECH law is facilitating the promotion of digitalization of the healthcare industry. This is projected to have a positive influence on the market’s growth in the U.S. as the country has a more than 90% EHR adoption rate in the orthopedic specialty segment. 3D printed medical solutions is a key emerging trend in the orthopedic software market and is set to accelerate the demand for 3D printed implants over the forecast period.

Full Research Report On Orthopedic Software Market Visit Here: https://www.grandviewresearch.com/industry-analysis/orthopedic-software-market

Orthopedic Software Market Report Highlights

1. Amid the unprecedented Covid-19 crisis healthcare leaders have turned to seek orthopedic innovations such as their software, products, and services for pain-alleviating assistance and meet the emerging needs of Covid-19 patients  
2. The market giants have entered into strategic alliances and collaborations to enhance product innovation capabilities and stay ahead of the market competition. In January 2021, Stryker announced their acquisition of OrthoSensor and its intraoperative knee surgery sensor tech
3. Stryker aims to develop smart devices and digital platforms using OrthoSensor’s MotionSense remote patient monitoring wearables combined with the OrthloLogIQ cloud-based data platform and Stryker’s data analytics capabilities
4. Orthopedic EHR accounted for the highest revenue share in 2018, owing to the rising demand for data sharing for real-time monitoring of patients and boost the treatment process 
5. On-premise software emerged as the widely accepted mode of delivery in 2018. This is attributed to the demand for stalled orthopedic software to monitor financial and clinical workflow needs

Request a Sample Copy of the Report @ https://www.grandviewresearch.com/industry-analysis/orthopedic-software-market/request/rs1

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com