U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Preoperative Surgical Planning Software Market ” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
According to a new report published by Report Ocean, titled, “Preoperative Surgical Planning Software Market by Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2098-2025,” the global preoperative surgical planning software market was valued at $84.09 million in 2018, and is projected to reach $126.81 million by 2026, registering a CAGR of 5.2% from 2019 to 2026. North America is anticipated to be the highest revenue contributor throughout the forecast period.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Surgical planning is the pre-operative procedure of pre-visualizing a surgical intervention to define the surgical steps and furthermore to analyze bone segment repositioning in the context of the outcome of surgery. This software is used to manage the orthopedic surgery, which makes surgeons design their plans proficiently. Surge in geriatric population, increase in the cases of orthopedic surgeries, and technological advancements associated with the software are the principal drivers of the preoperative surgical planning software market. However, lack of awareness about this software in developing countries and considerable product recalls impede the growth of this market. Conversely, the untapped potential of emerging markets is poised to offer stellar growth opportunities to the market players during the forecast period.
The off-premise software type segment occupied the largest market share in the global preoperative surgical planning software market in 2018. This segment is anticipated to grow at a high rate during the forecast period, owing to the widespread distribution of cloud-based technology, even in developing regions. Furthermore, several preoperative surgical planning software providers readily offer a cloud-based interface for their software, which boosts the market growth.
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By application, this market is segregated into orthopedic surgery, neurosurgery, dental & orthodontics, and others. The orthopedic surgery segment is subdivided into general orthopedic surgery, deformity correction, fracture management, and joint reconstruction. The orthopedic surgery segment occupied the largest share in the market in 2018, owing to surge in elderly population along with increase in number of orthopedic surgeries.
North America held nearly half of the total market share in 2018, due to increase in popularity of preoperative surgical planning software and surge in its adoption. However, Asia-Pacific is expected to grow at a CAGR of 7.5% from 2018 to 2025, owing to rise in prevalence of orthopedic diseases and increase in interest of healthcare professionals to utilize preoperative surgical planning software in the medical settings.
Key Findings of the Preoperative Surgical Planning Software Market:
The off-premise segment generated the highest revenue in 2018, and is projected to grow at a CAGR of 4.5% during the forecast period.
The neurosurgery segment is anticipated to grow at the highest CAGR throughout the forecast period.
The hospitals segment dominated the global preoperative surgical planning software market in 2018, accounting for more than half of the market share.
In 2018, the U.S. was the leading country in the market, occupying the largest market share.
Similarly, orthopedic imaging developers are unveiling new features in existing applications. In April 2019, an orthopedic imaging technology developer, EOS Imaging unveiled EOSlink, a software feature that seamlessly integrates its EOSapps preoperative surgical planning software with robotic surgery tools and surgical navigation devices. Hence, market players are constantly upgrading existing software along with launching new and developed products to sustain the intense competition in the surgical imaging software industry. This trend is expected to continue during the forecast period, thereby boosting the market growth.
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Key players in the market have adopted various developmental strategies such as product launch and product developments to strengthen their foothold. For instance, in November 2018, Germany-based mediCAD Hectec GmbH launched three premiere preoperative planning tools – mediCAD Spine 3D, mediCAD Hip 3D mediCAD, and mediCAD 4.0.
The report provides extensive competitive analysis and profiles of key market players such as Brainlab AG, WishBone Medical, Inc., Stryker Corporation (Scopis), EchoPixel, Inc. , Intrasense, GE Healthcare, Siemens Aktiengesellschaft, Koninklijke Philips N.V., Canon Inc., Hologic, Inc., Hitachi, Ltd., Agfa-Gevaert Group, Zimmer Biomet Holdings, Inc., Medtronic Plc, MeVis Medical Solutions AG, Carestream Health, Materialise, IBM Watson Health (IBM), Monteris Medical, Inc., Oracle NetSuite, Danaher Corporation, Medicad Hectec, Pie Medical Imaging B.V., Renishaw Plc, and Nemotec. The other players in the value chain (not included in the report) include HIPOP-PLAN and Johnson and Johnson.
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