Orthopedic Surgical Planning Software Market Size, Share & Trends Analysis Report By Type (Pre-Operative, Post-Operative), By Delivery (Cloud-Based, On-premise), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Market Size & Trends

The global orthopedic surgical planning software market size was valued at USD 42.34 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. This growth is attributed to the increasing technological developments associated with orthopedic surgical planning software. The increasing awareness regarding the benefits associated with using such planning solutions for orthopedic surgery is contributing to its increasing adoption. The COVID-19 pandemic had a mixed effect on the medical industry, with some areas witnessing negative growth while others experienced positive growth. As the global healthcare sector struggled to cope with the first wave of COVID-19, many governments made the necessary decision to delay all non-emergency surgical treatment to free up resources and personnel for patients infected by the virus. This led to reduced hospital visits and the cancellation of a large number of elective surgeries. In 2021, approximately 10 million people in the United Kingdom were awaiting surgical treatments, up from 4 million before the pandemic.

The increasing prevalence of orthopedic conditions coupled with the rising geriatric population is anticipated to drive the demand for technologically advanced, efficient, and cost-effective orthopedic surgical planning software. According to Southeast Orthopedic Specialists, incidences of orthopedic conditions are anticipated to grow owing to the rising geriatric population. Currently, in the U.S., around 45 million adults are aged 65 years and above. By 2060, this number is estimated to reach around 98 million. Orthopedic conditions such as osteoarthritis affect 33.3% of the elderly population every year.

Type Insights

Based on types, the market is segmented into pre-operative and post-operative. The pre-operative segment accounted for the largest revenue share of 77% in 2022 and is anticipated to showcase the fastest CAGR of 6.9% over the forecast period. The growth is attributed to the rising awareness regarding the benefits associated with the use of pre-operative surgical planning software. The rising interest of healthcare personnel in streamlining surgical interventions and increasing the success rate for surgical outcomes is supplementing the growth.

Rapid advancements in orthopedic surgery have contributed to the growth of the preoperative surgical planning software market over the last decade. Moreover, the untapped potential of emerging nations is expected to generate lucrative opportunities for key participants in the market over the forecast period.

Delivery Insights

Based on delivery, the market is divided into cloud-based and on-premise. The cloud-based segment witnessed the largest revenue share of 64.6% in 2022 and is expected to show the fastest CAGR of 6.6% over the forecast period, owing to its wide capabilities in orthopedic surgical planning, such as on-demand computing cycles, and application storage. Cloud-based applications can operate partly or wholly offline, which is very helpful for platforms having weak internet connections.

Moreover, cloud-based software offers complete capabilities at an affordable cost, as the initial investment is not required. Generally, cloud software is charged based on a monthly or yearly subscription, which includes support, training, and updates. The aforementioned factors are anticipated to drive the demand for cost-effective and efficient cloud-based orthopedic surgical planning software over the forecast period.

End-use Insights

Based on end-use, the market is segmented into hospitals and orthopedic clinics. The hospital segment dominated the market with a share of 54.1% in 2022 and is anticipated to showcase the fastest CAGR of 6.7% from 2023 to 2030. This is attributed to healthcare professionals' rising adoption of orthopedic surgical planning software to enhance operational efficiency and deliver consistently.

Moreover, orthopedic surgical planning software offers transparent pre-operative care paths and automated patient communication, which helps to enhance patient compliance. Planning software allows physicians to tailor the most efficient approach and assist them in planning the surgery well in advance, which further optimizes procedures for patients in a less invasive way. Furthermore, the ability of such software to help surgeons to reduce the chances of intraoperative complications is anticipated to contribute to the market growth over the forecast period.

Regional Insights

North America dominated the global orthopedic surgical planning software market with a revenue share of 42.3% in 2022. The growth is attributed to the increasing technological advancements and the presence of well-established healthcare infrastructure. The regional government is continuously supporting the healthcare sector in North America by allocating sufficient funds for advancements in research and development of orthopedic surgical planning software.

According to Kaiser Family Foundation, the U.S. government-provided healthcare funding accounted to be USD 12.2 billion in 2022. In addition, the government also provided supplemental funding in response to various emergencies such as Zika, the COVID-19 pandemic, and Ebola recently.

The Asia Pacific region is anticipated to showcase the fastest CAGR of 6.7% over the forecast period. The increasing geriatric population and technological advancements in the field of orthopedic surgery in Asian countries are contributing to regional growth. According to Royal Philips, Japan is witnessing an increase in the number of spine surgeries owing to the rising geriatric population. Lumbar spinal canal stenosis is a spinal disease, which is affecting 10.8% of the elderly population with age between 70 to 79 years in the country.

Key Companies & Market Share Insights

The key players are participating in strategic initiatives, such as partnerships, acquisitions, expansions, and collaboration, to increase their market share. For instance, in October 2022, Brainlab announced a partnership with the German Society for Orthopedics and Orthopedic Surgery. The partnership is aimed at advancements in the area of data privacy-compliant registry solutions.

Moreover, in February 2022, Formus Labs raised USD 5 million for product development and expansion in the U.S. market. Punakaiki Fund, Pacific Channel, Flying Kiwis, and Icehouse Ventures are the participants in this investment. Furthermore, in February 2022, Formus Labs announced a partnership with Zimmer Biomet. The goal of this partnership is to co-develop and commercialize Formus Hip in New Zealand and Australia. Some prominent players in the global orthopedic surgical planning software market include:

• EOS Imaging

• Formus Labs Ltd

• Stryker

• Brainlab AG

• mediCAD

• PEEK HEALTH S.A.

• Radlink Inc.

• Zimmer Biomet

• RSA Biomedical

• Corin Group

• Enhatch Inc.

Orthopedic Surgical Planning Software Market Report Scope

Global Orthopedic Surgical Planning Software Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global orthopedic surgical planning software market report based on type, delivery, end-use, and region:

• Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Pre-Operative

  • Post-Operative

• Delivery Outlook (Revenue, USD Million, 2017 - 2030)

  • Cloud-based

  • On-premise

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospitals

  • Orthopedic Clinics

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait