According to Emergen Research, the global clinical perinatal software market size was USD 229.39 million in 2020 and is expected to reach USD 424.37 million in 2028 and register a revenue CAGR of 7.9% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Clinical Perinatal Software Market, By Product Type (Standalone, Integrated), By Deployment Mode (Cloud-based, On-premises), By Application (Fetal Monitor Data Services, Workflow Management, Patient Documentation), By End-use Outlook (Hospitals, Maternity Clinics, Others), and By Region, Forecast to 2028”
According to Emergen Research, the global clinical perinatal software market size was USD 229.39 million in 2020 and is expected to reach USD 424.37 million in 2028 and register a revenue CAGR of 7.9% during the forecast period, 2021-2028.
Market Dynamics:
Steady revenue growth of the global clinical perinatal software market is primarily attributed to factors such as significantly increasing birth rates across the globe, rising cases of post-date pregnancy and various child birth-related complications, increasing applications of clinical perinatal software & solutions in obstetrics for better workflow management, patient documentation, and fetal monitor data services, and rapid integration of advanced information technology solutions in the healthcare sector.
Other major factors contributing to revenue growth of the global clinical perinatal software market over the upcoming years include increasing applications of next-generation genomic technologies in perinatal screening for various chromosomal disorders such as Down syndrome. However, revenue growth of the global market is hampered to a major extent due to several unfavorable factors such as increasing concerns about privacy and security of patient data & information.
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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
Integrated Software Segment Accounted for Largest Revenue Share in 2020:
Based on product type, the global clinical perinatal software market is segmented into standalone and integrated. The integrated software segment accounted for largest revenue share in the global market in 2020. Key factors contributing to the revenue growth of this segment include rapid adoption of Electronic Health Records (EHRs) in healthcare facilities including hospitals and maternity clinics in order to streamline patient data management, and growing demand for integrated clinical perinatal software owing to certain advantages such as real-time visibility, reduced IT costs, user-centric innovations, and lower customer churn.
Cloud-based Deployment Segment to Register Fastest Revenue CAGR:
Based on deployment mode, the global clinical perinatal software market is segmented into cloud-based and on-premises. The cloud-based deployment segment is expected to dominate other segments in terms of fastest revenue growth rate in the global market over the forecast period. Rising adoption of software-as-a-service (SaaS) and growing demand for cloud-based perinatal software solutions for various benefits including improved business continuity, reduced downtime, higher flexibility, and increased collaboration efficiency are among the major factors contributing to the revenue growth of this segment.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America clinical perinatal software market held the largest revenue share in the global market in 2020, owing to some favorable factors. Rapid adoption of advanced medical technologies, rising incidences of pregnancy complications, increasing awareness of prenatal health, and technological advancements in perinatal testing & screening techniques are major factors driving the North America market revenue growth. Presence of avant-garde healthcare infrastructure and key market players in the region, including GE Healthcare and Cerner Corporation, are other factors driving the regional market revenue growth.
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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
- Cerner Corporation
- K2 Medical Systems
- Huntleigh Healthcare Limited
For the purpose of this report, Emergen Research has segmented the global clinical perinatal software market based on product type, deployment mode, application, end-use, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Standalone
- Integrated
Deployment Mode Outlook (Revenue, USD Million; 2018–2028)
- Cloud-based
- On-premises
Application Outlook (Revenue, USD Million; 2018–2028)
- Fetal Monitor Data Services
- Workflow Management
- Patient Documentation
End-use Outlook (Revenue, USD Million; 2018–2028)
- Hospitals
- Maternity Clinics
- Others
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Region Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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