Report Overview

The market for clinical perinatal software was valued at USD 238.2 Million in 2021 and is projected to reach USD 549.77 Million growing at a compound annual growth rate (CAGR) of 7.9%, during the forecast period (2023-32). Market growth is expected to be driven by the growth in birth rates and the increasing number of post-date pregnancies. According to Research, one in 137 women, who reach 20 weeks of gestation, will have a stillbirth baby in Australia.

This data requires a clinical perinatal solution that is effective, which in turn boosts this market’s potential to increase revenue. Rapid technological advancements in perinatal software solutions, as well as the increasing adoption of IT for the healthcare sector, are further complementing growth prospects. This market report provides a detailed analysis of the Clinical Perinatal Software market size, share, growth, key trends, competitive landscape, forecast analysis, market opportunities, and other key factors.

Global Clinical Perinatal Software Market Scope:

Product Type Analysis

On the basis of ‘Product Type’, in 2021, the ‘Integrated’ segment accounted for around 75% of this market’s total revenue. This segment is expected to grow at the fastest rate due to the increasing demand for workflow integration by medical professionals and is expected to be further supported by technological advances and increasing product adoption levels.

In 2021, the ‘Standalone’ segment accounted for a significant share of the revenue. Standalone clinical perinatal software is designed to focus on specific operations. The segment’s growth will be limited by the shortcomings of this product, such as the inability to integrate data and the lack of add-on options.

Deployment Model Analysis

With respect to ‘Deployment’, in 2021, the ‘On-Premise’ segment accounted for more than 75% of this market’s total revenue. This is due to the advantages of data security, retrieval, and access. The segment growth is anticipated to be driven by the flexibility and lower IT overhead costs offered by this segment.

The ‘Cloud-Based’ segment is projected to index the highest CAGR over the projected timeline. Real-time tracking and remote access mostly to account for this expansion. Due to cutting-edge features including increased flexibility, high accessibility, and simple data backup, this market is expected to continue to expand in the future.

End-Use Analysis

In terms of ‘End-Use’, in 2021, the ‘Hospitals/Clinics’ segment dominated this industry, with a market share of more than 50%. Due to its high foot traffic and the availability of sophisticated software, this segment enjoys a significant market share. Many hospitals work in partnership with various insurance providers to offer quicker and more effective reimbursements, which in turn boost product uptake.

The ‘Maternity Clinics’ segment is projected to register the highest CAGR. An increase in the number of maternity clinics in both developed and emerging nations, is the primary element driving this industry. Surging disposable incomes and a greater level of awareness are other elements slated to further fuel this segment’s growth in the coming years.

Application Analysis

With regards to ‘Application’, the ‘Fetal Monitoring Services’ segment accounted for more than 50% of sales in 2021, accounting for the highest revenue share. These services enable precise and appropriate fetal heartbeat and uterine contraction monitoring capabilities. Mobile fetal monitoring also gives patients remote access to information about an infant’s development, which can be a major factor in facilitating this segment’s augmentation.

Over the projected period, the ‘Workflow Management Software’ segment is expected to index the fastest CAGR. The increase of hospitals, maternity clinics, and other healthcare institutions around the world, as well as the increasing demand for workflow management software, are elements contributing to this expansion. Additional advantages further boost revenue growth prospects include streamlined administrative processes, real-time data, and increased productivity.

Key Маrkеt Segments

The segmentation is given on the basis of Product Type, Deployment mode, Application, and End-use.

By Product Type

• Integrated
• Standalone

By Deployment Mode

• On-Premise
• Cloud-Based

By Application

• Fetal Monitor Data Services
• Workflow Management
• Patient Documentation

By End-Use

• Hospital/Clinics
• Maternity Clinics

Market Dynamics:

Additionally, greater healthcare spending and subsequent government initiatives to increase awareness have resulted in higher usage of this software, which ultimately drives this industry’s revenue trajectory. In 2016, the Centers for Disease Control and Prevention (CDC), recognized PQCs (Perinatal Quality Collaborative) for improving perinatal health and provided a range of online resources to help them.

Revenues are also expected to be boosted by the provision of high-quality healthcare and the adoption of new software in maternity clinics. 3D images are a great way to show women the right information about their fetuses. Patients can also be informed about their progression through the pregnancy and the post-pregnancy period through smartphone apps.

In addition to the surging birth rates in developed countries, preterm births and natal mortality due to a lack of diagnosis and obstetrical care have also increased the demand for perinatal technology devices in hospitals.

The American health ranking report states that the U.S. has 12 births per 1000 population and an infant mortality rate of six per 1,000 live births. Market growth is also being boosted by increasing individual disposable incomes and numerous untapped healthcare opportunities in developing countries.

Regional Analysis

Accounting for nearly 52% of market revenues, the regional markets in North America dominated this industry in 2021. In the foreseeable future, it is anticipated that this trend is slated to continue. High disposable incomes, an advanced healthcare system, and greater patient awareness are all factors that can be attributed to this development.

Neonatal and perinatal care are the areas of specialization for several healthcare IT vendors. These market players are now more focused on the introduction of new products and the building of strategic alliances with other industry participants.

The Asia-Pacific region is projected to grow with a significant CAGR over the course of the projected timeline. This will be a result of increasing governmental backing for the deployment of healthcare IT. The increasing use of healthcare facilities in developing nations like India and China is another major factor driving revenue growth.

Key Regions and Countries Covered in This Report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Industry players are engaged with a host of strategies, including product launches, strategic collaborations, regional expansions, as well as mergers &acquisitions, to boost their existing market positions and enhance their respective geographical reach.

Key Маrkеt Players:

• PeriGen, Inc.
• Edan Instruments Inc.
• CooperSurgical Inc.
• Koninklijke Philips NV
• Cognitive Medical Systems
• AS Software Inc.
• GE Healthcare
• Bionet
• Huntleigh Healthcare Limited
• Cerner Corporation
• Hill-Room Holdings Inc.
• K2 Medical Systems Ltd
• Other Key Players

These are the prominent players in this industry.