Global Preoperative Surgical Planning Software Market - 2023-2030

Market Overview

The global preoperative surgical planning software market reached US$ 97.20 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 157.87 million by 2030. The market is growing at a CAGR of 6.3% during the forecast period (2023-2030).

Preoperative surgical planning software provides helps surgeons to decide the best treatment and surgical options for the patients. When the software is fed with the patient's historical data, diagnostics data, and other essential data, the software gives an ideal surgical approach to the patient. The preoperative surgical planning software gives a streamlined surgical protocol to increase the success rate of the surgery. This software is used for surgeries like orthopedic surgeries, dental surgery, neuro-surgery, reconstruction surgery, and others. Medtronic Plc, Stryker Corporation, WishBone Medical Inc., Zimmer Biomet, Siemens AG, and Brainlab AG are the major players in the market.

Market Dynamics

The increasing prevalence of orthopedic surgeries

The growing demand for preoperative surgical planning software is driving growth in the global market over the forecast period. The preoperative surgical planning software market is expected to witness high growth owing to the increasing number of orthopedic surgeries across the globe. For instance, according to the American Board of Orthopedic Surgery, around 1 million knee and hip arthroplasties were performed in the U.S. every year. Orthopedic surgeries like hip and knee replacement/arthroplasty are highly in demand owing to increasing bone and muscle pain problems. Therefore, the above-mentioned factors help the orthopedic surgery segment to dominate the market.

Rising product recalls are expected to hinder the market growth

Preoperative surgical planning software is a complex software that uses various types of components that may start malfunctioning because of complexities. Owing to these complexities the software often fails to provide the surgical preplanning protocol. For instance, in February 2020, the U.S. Food and Drug Administration (U.S.FDA), reported the recall of ROSA Brain 3.0 manufactured by Zimmer Biomet. The software was not able to provide the proper cross-sectional images of the patients. The images were not properly displayed in two and three-dimensional views when using ROSA Brain software. The wrong-generated data was very likely to give incorrect surgery planning.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global preoperative surgical planning software market is segmented based on type, application, end user, and region.

On basis of the Type, Orthopedic surgery is expected to hold the largest share

Cloud-based, a type segment of preoperative surgical planning software, dominates the global market due to its versatility, cost-effectiveness, and high demand in the surgical market. The increasing product launches of cloud-based software are expected to accelerate the preoperative surgical planning software market over the forecast period. For instance, in April 2021, Corin Group launched the new OPSInsight preoperative planning software for total hip arthroplasty (THA). The product is a cloud-based platform using Corin's next-generation Optimized Positioning System (OPS) technology. These advantages of cloud-based software highly contribute to the factors that help the product segment to dominate the market.

Geographical Analysis

Growing demand for preoperative surgical planning software in Asia Pacific

The growing demand for preoperative surgical planning software in developing countries, especially in Asia-Pacific, creates opportunities for manufacturers to expand their operations in these regions. The region has many manufacturers and its strong economic growth has led to increased demand by the hospitals and ambulatory surgical centers that are highly technology equipped thereby boosting the demand for preoperative surgical planning software. The region's rapidly growing population and urbanization, leading to increased demand for streamlined surgical procedures, is also a factor. Growing awareness about the benefits and AI integration contributes to the market's growth in the region. Furthermore, the above-stated factors depict Asia-Pacific's fastest growth in the market.

Competitive Landscape

The major global players in the market include Medtronic Plc, Stryker Corporation, WishBone Medical Inc., Zimmer Biomet, Siemens AG, Brainlab AG, GE Healthcare, Renishaw Plc, mediCAD Hectec GmbH, and Peek Health S.A.

Why Purchase the Report?

• To visualize the global preoperative surgical planning software market segmentation based on type, application, end user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of preoperative surgical planning software market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global preoperative surgical planning software market report would provide approximately 61 tables, 58 figures, and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies