USD 87.86 million
Report ID:
SQMIG35D2018 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
114
|Figures:
77
Global Perinatal Software Market size was valued at USD 87.86 million in 2019 and is poised to grow from USD 97.7 million in 2023 to USD 254 million by 2031, growing at a CAGR of 11.2% in the forecast period (2024-2031).
One of the most significant components of childbirth is perinatal care because both the pregnant mother and the fetus are in a vulnerable state and need to take extra precautions. There is a critical need for effective perinatal care because childbirth causes the death of millions of mothers and foetuses every year and the numbers are rising alarmingly. Perinatal care software keeps track of the mother’s and the fetus’s health, enabling doctors to be prepared for any complications that might arise during the prenatal stage. As a result, any potentially fatal situations can be avoided, resulting in a healthy baby and mother as well as a safe delivery.
Rising healthcare costs and government campaigns to raise public awareness have increased the use of the programme, which has eventually increased revenue. The provision of high-quality medical care and the use of the most recent software in maternity clinics and hospitals are both helping to increase revenue. Additionally, the utilisation of 3D photographs enables the accurate display of information regarding the health of pregnant mothers and foetuses. Additionally, the accessibility of smartphone apps that provide a wealth of information about pregnancy and post-pregnancy aids in raising patients’ knowledge during checkups.
The rising birth rate in developed nations, natal mortality, and premature births brought on by inadequate obstetric care and diagnosis have all contributed to an increase in the demand for perinatal software devices in hospitals and clinics.
US Perinatal Software Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 87.86 million
Largest Segment
Integrated
Fastest Growth
standalone software
Growth Rate
11.2% CAGR
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Global Perinatal Software Market is segmented based on the Product, deployment, end use, application, and region. Based on the product, the Perinatal Software Market is segmented into integrated and standalone software. Based on the deployment, the Perinatal Software Market has been segmented into on-premise and cloud-based. Based on the end use, the Perinatal Software Market has been segmented into hospitals/ clinics and maternity clinics. Based on application, the Perinatal Software Market is segmented as fetal monitor data services, workflow management, and patient documentation. Based on region, Perinatal Software Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Perinatal Software Market Analysis by Product
The integrated segment is dominated the market and held the largest revenue share of around 85% in 2021. Due to the rising demand for medical professionals’ workflow integration, the category is also predicted to see the quickest CAGR during the projection period. Technology development and increased product usage are contributing to the segment’s continued growth.
Standalone product segment held a substantial share in terms of revenue in 2021. Standalone clinical perinatal software is concentrated and extremely detail-oriented because it is designed to address only one operation at a time. However, the shortcomings of the product, such as the lack of add-on options and data integration, are anticipated to restrain the segment’s growth over the forecast period.
Perinatal Software Market Analysis by Deployment
On-premise segment is dominated the market and held the largest revenue share of over 75% in 2021. This dominance can be attributed to features including data security, accessibility, and ease of retrieval. Additionally, the segment growth is being fueled by the customisation option and lower IT overhead costs.
Cloud-based software is fastest growing segment and expected to exhibit the fastest CAGR during the forecast period. The expansion can be attributed to remote data access and real-time tracking. Furthermore, it is projected that in the approaching years, improved features including high accessibility, increased flexibility, minimal handling expenses, and simple data backup would accelerate the segment growth.
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North America dominated the global market in terms of region and held the largest revenue share of over 50% in 2021. The expansion can be ascribed to a number of elements, including high disposable income, the availability of a technologically advanced healthcare infrastructure, and growing patient awareness. Numerous healthcare IT companies with global perinatal and neonatal care operations are based in the region. These businesses are concentrating on introducing new products and forging strategic alliances with other market participants.
Asia Pacific region is fastest growing for perinatal software and it expand with highest CAGR during the forecast period, because of the growing government measures to boost the implementation of healthcare IT. Additionally, the growing use of healthcare facilities in developing nations like China and India is fueling revenue development. Also rising pregnant population coupled with rising birth rates in developing countries such as India and China are influenced the demand for perinatal software.
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Perinatal Software Market Driver
To have a significant impact on the market growth, software administrations for clinical perinatal applications must evolve. Due to the following competence of work and ease of duties with its application, medical care IT has received significant degrees of advantage; this aspect is necessary to drive the market's growth.
Perinatal Software Market Restraint
The requirement of significant capital subsidies and Global Perinatal Software Market initiatives for the acquisition and fusion of these product items; this aspect is necessary to restrain the market growth. Again, the lack of knowledge and the diversity of skills among specialists and medical professionals result in challenges and complexities while using the product, and this factors are restrain the market growth.
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Global Perinatal Software Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Perinatal Software Market Top Player's Company Profiles
Perinatal Software Market Recent Developments
The use of 3D pictures to check the hatchlings and ladies’ wellbeing. The increasing used of cell phone software application are influenced the market growth and they need sufficient data regarding pregnancy and post pregnancy which help them to treat patient during pregnancy period. Freshest programming across maternity centers and clinics are the most demanded service through the software.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Perinatal Software Market analysis, North America is expected to capture higher market share, the growth of the region is attributed to the availability of a technologically advanced healthcare infrastructure, and growing patient awareness. US has emerged as a significant contributor to market growth in North America. In terms of product, the integrated segment dominates the perinatal software market. This segment's leading position can be attributed to the rising demand for medical professionals’ workflow integration. In terms of deployment, the On-premise led the market and is predicted to grow at the fastest rate. The main challenge for major players is providing proper information and develop awareness about perinatal software in developing countries.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 87.86 million |
Market size value in 2031 | USD 254 million |
Growth Rate | 11.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Perinatal Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Perinatal Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Perinatal Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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REQUEST FREE CUSTOMIZATIONPerinatal Software Market size was valued at USD 87.86 million in 2019 and is poised to grow from USD 97.7 million in 2023 to USD 254 million by 2031, growing at a CAGR of 11.2% in the forecast period (2024-2031).
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Report ID: SQMIG35D2018