Significant rise in birth rate, technological advances in perinatal software solutions and services, and increasing incidences of post-date pregnancy are among the major factors driving market revenue growth
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:
The global clinical perinatal software market revenue growth is significantly driven by factors such as increasing applications of clinical perinatal software in fetal monitor data services, workflow management, and patient documentation, increasing incidences of average maternal age, growing integration of information technology in the healthcare industry, and significant rise in birth rates worldwide. Rapid adoption of advanced genomic technology in perinatal screening for chromosomal disorders such as Down syndrome and increasing incidences of post-date pregnancy and associated child birth-related complications are other major factors expected to contribute to the global clinical perinatal software market revenue growth in the near future. Market revenue growth, however, is expected to be hampered due to factors such as rising concerns regarding patients’ data privacy and security.
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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 integrated software segment accounted for the largest revenue share in the global clinical perinatal software market in 2020. Rapid integration of Electronic Health Records (EHRs) in hospitals and maternity clinics to improve patient medical management, and increasing adoption of integrated clinical perinatal software due to advantages such as reduced IT costs, real-time visibility, lower customer churn, and user-centric innovation are key factors bolstering growth of this segment.
Cloud-based Deployment Segment to Register Fastest Revenue Growth Rate:
Based on deployment mode, the cloud-based deployment segment is projected to register the fastest revenue growth rate in the global clinical perinatal software market over the forecast period. Factors contributing to the growth of this segment are increasing adoption of software-as-a-service (SaaS) and rapid deployment of cloud-based perinatal software solutions due to higher flexibility, improved business continuity, reduced downtime, and increased collaboration efficiency.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America clinical perinatal software market accounted for the largest revenue share in the global market in 2020. Presence of state-of-the-art healthcare infrastructure in the region, increasing adoption of advanced medical technologies, rising awareness about prenatal health and pregnancy complications, and advancements in perinatal testing and screening technologies are the major factors driving revenue growth of the North America clinical perinatal software market.
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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
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- 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
- A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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