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.
More articles on practice management:
Healthcare costs up 4.6% in 2015 for newly insured patients: 7 key notes
AMA’s CEO Dr. James Madara emphasizes strong leadership in changing healthcare landscape: 5 highlights
8 key actions for physician leaders from AMA’s new policy
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
