Clinical Perinatal Software Industry is Set to Experience a Revolutionary Growth by 2027

 



Market Highlights

Global Clinical Perinatal Software Market is expected to register a CAGR of 8.05% during the forecast period and expected to hit USD 1,562.57 Million till 2025.

The clinical perinatal software systems provide care facilities for pregnant women and newborn babies in hospital settings. It is also used for pregnancy follow-up during perinatal care.

The launch of software solutions, technological development in the perinatal software, increasing birth rates and postdate pregnancy, and increasing adoption of healthcare IT are anticipated to drive the market growth of the global clinical perinatal software market. However, the vulnerability of perinatal software to hacking, high cost of the software, and complexity in operating the software are expected to restrict the market growth.

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Segment Analysis

The global clinical perinatal software market has been divided based on product, service, deployment model, application, and end user. The market, based on the product, has been segregated into integrated software and standalone software. Based on service, the clinical perinatal software market has been divided into implementation services, support & maintenance services, training services, and customization services. On the basis of the deployment model, it is bifurcated into on-premise and cloud-based. On the basis of application, it is bifurcated into labor & delivery and pregnancy follow-up. On the basis of end-user, it is bifurcated into hospitals and clinics, maternity clinics, and others.

Regional Analysis

The global clinical perinatal software market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is likely to hold the largest share of the global clinical perinatal software market during the assessment period. The presence of established payers, technological advancements, and well-developed healthcare infrastructure are likely to support the dominance of the Americas during the forecast period. For instance, in 2018, according to the Centers for Disease Control and Prevention (CDC), around 3,791,712 births were registered in the US. The European market established substantial growth in the market due to the technological advancements & high rate of newborn babies in this region. Asia-Pacific is estimated to be the fastest-growing region in the global market due to the increasing birth rate and the increasing number of hospitals fueling the growth of the clinical perinatal software market in the region. The clinical perinatal software market in the Middle East & Africa is expected to witness gradual growth due to the significant growth owing to the developing healthcare infrastructure and government support.

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Key Players

MRFR recognizes the following companies as the Key Players in the Global Clinical Perinatal Software Market— Cerner Corporation (US Clinical Computer Systems, Inc. (US), Edan Instruments, Inc. (China), General Electric Company (US), Huntleigh Healthcare Limited (UK), K2 Medical Systems Ltd (UK), Koninklijke Philips N.V. (the Netherlands), PeriGen, Inc. ( US), Trium Analysis Online GmbH (Germany), AS Software Inc. (US), and Others.

Key Findings of the Study

·         The Global Clinical Perinatal Software Market was valued at USD 76 Million in 2018 and is expected to register a CAGR of 8.05% during the assessment period.

·         The Americas accounted for the largest share of the global market due to the presence of established payers, technological advancements, and well-developed healthcare infrastructure attributed to the growth of clinical perinatal software in the US and Canada.

·         Based on the product, the integrated software segment accounted for the largest market share of 4% in 2018.

·         Based on service, the implementation services segment accounted for the largest market share of 4% in 2018.

·         Based on the deployment model, the on-premise segment accounted for the largest market share of 76.0% in 2018.

·         Based on application, the labor & delivery segment is projected to be the fastest-growing segment with a CAGR of 8.17% during the forecast period.

·         Based on the end-user, the hospitals and clinics segment accounted for the largest market share of 55.0% in 2018.

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