Surgical Planning Software Market To Generate USD 183.7 Million Revenue by 2030
- Published: November 2023
The surgical planning software market size is expected to advance at a CAGR of 6.6% during 2024–2030, to reach USD 183.7 million by 2030. This is ascribed to the advancements being carried out in medical technologies for the improvement of overall patient outcomes. Moreover, the growing number of accidents these days due to negligence leads to a rising incidence of bone deformities and fractures, which will, in turn, propel the demand for such IT tools among orthopedic surgeons.
Additionally, the need for increasing the success rate of surgeries and streamlining such interventions will supplement this growth. By allowing surgeons to plan procedures well in advance and in extensive detail, these software tools offer enable easier and quicker procedures, ultimately leading to a better performance.
In addition, the surgical planning software market is witnessing a major trend of the usage of tablets, smartphones, and mobile applications. Along with this, these platforms combine various features, including accessible interfaces, storage, and OTA data sharing. This software, especially if deployed on the cloud or the hospital mainframe, enables easy access to the reference information, as well as enabling the easy sharing of videos, images, and audio clips among doctors.
Therefore, these technologies are used by surgeons in order to increase accessibility and improve workflow efficiency, because they integrate data from remote patient monitoring solutions. Further, mobile interfaces help healthcare organizations access thousands of documents, databases, and reference files in order to plan the procedure in an efficient and quick manner. It helps in sharing real-time information and frees up the IT staff, so that they can focus on other important tasks.
Increasing Number of Surgeries Boosts Solution Demand
A huge number of surgeries are being performed at hospitals and clinics all over the world, which drives the usage of surgical planning software as it saves time and reduces costs. Moreover, it minimizes the number of visits to the hospital, which helps patients get proper rest and recover sooner.
Currently, heart surgeries are extremely common because of the unhealthy dietary habits and lifestyles. More than 500,000 open-heart surgeries and 7 million orthopedic surgeries are performed every year in the U.S. To cater to an ever-increasing number of patients, such software is being used as it allows for quicker planning, thus, ultimately, boosting the procedure volume.
APAC Is Expected To Witness Fastest Growth in Coming Years
APAC is expected to showcase the fastest growth in the forecast period, with a CAGR of 7.0%, attributed to the increasing geriatric population and rapid developments in surgical technologies. The essential factor boosting the demand for surgery planning tools is the fact that they offer improved accuracy in procedures and faster recoveries for patients. This is because with proper planning assisted by these tools, surgeons are able to perform complicated procedures in the safest way possible.
The most-significant surgical planning software market players are Stryker Corporation, Zimmer Biomet Holdings Inc., Medtronic Plc, Brainlab AG, mediCAD Hectec GmbH, 3D Systems Corporation, and Renishaw Plc.