The global orthopedic software market is expected to see rapid growth in the next few years, according to a MarketsandMarkets report.
Here are five key trends:
• The market is estimated to reach $308.5 million by 2020.
• It is expected to grow at a compound annual growth rate of 5.1 percent from 2014 to 2020.
• Lifestyle changes, the growing geriatric population and the upsurge in incidences of musculoskeletal injuries and orthopedic surgeries have led to the rise in demand for orthopedic software that makes procedures easier.
• Geographically, North America accounted for the largest share of the market in 2014 followed by Europe and then Asia-Pacific.
• Some of the prominent players in this market are Materialise, Merge Healthcare and Brainlab.