As the rate of orthopedic procedures increases, so does the global orthopedic software market, according to a report from RNR Market Research.
Here's are four key trends you should know.
1. The firm projects the market will grow at a compound annual growth rate of 5.1 percent from 2014 to 2020.
2. In addition to the rising orthopedic procedure incidence rate, minimally invasive techniques for hip and knee surgeries will encourage growth in the market.
3. The orthopedic software market features two segments: products and applications.
Products include:
- Digital templating/preoperative planning
- Orthopedic EHR
- Practice management
- Orthopedic picture archiving and communication systems
- Orthopedic revenue cycle management
Applications include:
- Orthopedic surgery
- Joint replacement
- Fracture and limb deformity management
- Pediatric assessment
4. North America is the market leader. Europe is second and the Asian-Pacific region is third.
The firm predicts the Asian-Pacific region will see the most growth through 2020.
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