Rising birth rate across the globe, rapid technological upgrades in the perinatal software, and increasing government initiatives to promote clinical perinatal software and tools are some key factors expected to drive global market revenue growth.
Rising birth rate across the globe, rapid technological upgrades in the perinatal software, and increasing government initiatives to promote clinical perinatal software and tools are some key factors expected to drive global market revenue growth
According to Emergen Research, the global clinical perinatal software market size was USD 212.6 million in 2019 and is expected to reach USD 393.3 million in 2027 and register a steady revenue CAGR of 7.9% during the forecast period, 2020-2027.
Market Dynamics:
Perinatal care is one of the most crucial aspects of childbirth as both mother and fetus are in a vulnerable state, susceptible to various infections and life-threatening incidences. Clinical perinatal software is a clinical information system that integrates fetal surveillance and documentation to offer best care to every mother and baby. The software interprets relationship between maternal labor and fetal heart rate during labor, pregnancy, and delivery. It helps healthcare professionals to monitor the fetus and eliminate the underlying complications. Factors increasing prevalence of preterm births and natal mortality due to lack of diagnosis and obstetric care in many developing countries, and rising public awareness are expected to drive global market growth during the forecast period. In addition, improving healthcare infrastructure, increasing healthcare spending, rising number of maternity clinics and hospitals across the globe, and increasing focus on upgrading existing software are other factors expected to drive global market growth going ahead.
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However, high costs associated with installation of clinical perinatal software, rising concerns about security and data breaching, and stringent regulatory norms are some key factors that can hamper overall market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Maternity Clinics Segment To Register Rapid Revenue Growth:
The maternity clinics segment is expected to register rapid revenue growth over the forecast period. This can be attributed to increasing birth rate across the globe, growing adoption of advanced clinical perinatal software due to rising awareness about routine checkups and prevention of complications, and increasing number of maternity clinics in developed as well as developing countries.
Integrated Segment to Account for Largest Revenue Share:
The integrated segment is expected to account for largest revenue share between 2020 and 2027 owing to increasing awareness about benefits of integrating clinical perinatal software with electronic health records for reducing duplicate data entry and improving patient medical information and real-time visibility and rising healthcare expenditure.
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North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market owing to rapid adoption of advanced technologies, high disposable income, increasing birth rate across the region, rising public awareness, and rising investments in research and development activities.
Major Companies in the Market Include:
- PeriGen Inc.
- Edan Instruments Inc.
- Clinical Computer Systems
- CooperSurgical Inc.
- Koninklijke Philips NV
- Cognitive Medical Systems
- AS Software Inc.
- GE Healthcare
- Bionet
For the purpose of this report, Emergen Research has segmented the global clinical perinatal software market on the basis of product type, deployment mode, application, end-users, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Standalone
- Integrated
Deployment Mode Outlook (Revenue, USD Billion; 2017-2027)
- Cloud-Based
- On-Premises
Application Outlook (Revenue, USD Billion; 2017-2027)
- Fetal Monitor Data Services
- Workflow Management
- Patient Documentation
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Maternity Clinics
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Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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