21-Feb-2020 | Facts and Factors
Facts and Factors have authored “Clinical Perinatal Software Market By Product (Integrated & Standalone), By Deployment Mode (On-Premise & Cloud-Based), By Application (Fetal Monitor Data Services, Workflow Management, & Patient Documentation), By End-User (Hospitals/Clinics & Maternity Clinics), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. Based on our analysis, the global Clinical Perinatal Software market in 2020 is approximately USD 218.4 Million and is anticipated to reach around USD 386.9 Million by 2026. The anticipated CAGR for the Clinical Perinatal Software market is around 9.8% from 2021 to 2026.
The clinical perinantal software is an IT healthcare solution that provides information on the fetal heart rate of the fetus and the perinantal period. Perinatal refers to the period immediately before and after birth. Clinical Perinatal Software plays an important role in recording information directly. Clinical Perinatal Software also provides clinical data for better management of maternal and perinatal risks. Also, clinical perinatal software can be used to develop interoperability with key-dependent hospital systems, including Neonatology, Radiology, Pathology, PAS, etc. Moreover, clinical perinatal software can also be integrated with services such as maternity services data set, birth notifications, safeguarding services, etc.
Browse the full “Clinical Perinatal Software Market By Product (Integrated & Standalone), By Deployment Mode (On-Premise & Cloud-Based), By Application (Fetal Monitor Data Services, Workflow Management, & Patient Documentation), By End-User (Hospitals/Clinics & Maternity Clinics), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/clinical-perinatal-software-market-report
Rising awareness about maternal and perinatal health is a major factor that aids to drive the market. Moreover, surging government initiatives and norms are expected to fuel the market’s margin during the forthcoming years. Moreover, a lack of awareness about perinantal care is likely to impede the market’s growth. Nevertheless, the growing penetration of AI technology and machine learning is likely to offer new avenues to the major players of the market during the forecast timeframe.
On the major product type of the clinical perinantal software market is categorized into standalone software and integrated software. Based on the deployment model, the market is fragmented into on-premise and cloud-based. In terms of application, the market segment is divided into fetal monitor data services, patient documentation, workflow management, and others. On the basis of end-user, the market includes hospitals, clinics, and maternity centers.
In terms of product type, the integrated software dominated the global clinical perinatal software market in 2018, accounting for more than 70% share in 2018, and is expected to record a CAGR of 8.0% over the forecasted period. The growth of integrated software is attributable to the rising demand for software systems that can be integrated to monitor the workflow of medical professionals. The demand for integrated software systems has increased in healthcare in recent years, due to the rising demand for flexible software that is also used for multiple applications. Moreover, the surging integrated clinical perinatal software market is further boosted by the integration software services offered by software companies. Various integration services offered by software companies are expected to offer opportunities for the global integrated clinical perinatal software market.
By applications, patient documentation held a share of more than 20% in the global clinical perinatal software market in 2018. Patient documentation software allows staff to store electronic patient data. Storing patient data electronically will help healthcare organizations to get detailed information regarding finances, quality of care, and other important data. The demand for optimized documentation operations has been a key factor in driving the patient documentation clinical perinatal software market. Moreover, increasing investments by healthcare companies to provide enhanced patient satisfaction is anticipated to be a key factor in driving the demand for patient documentation software.
North America dominated the global clinical perinatal software market in 2018, accounting for the above 35% share in 2018. Advancements in healthcare technology in North America are a key factor attributable to the demand for clinical perinatal software. Moreover, increasing government spending on lowering the maternal death rate has also been a key factor in driving the North America clinical perinatal software market. North America was followed by Europe and the Asia Pacific in 2018. The growth of the Europe market is attributable to the implementation and integration of technologies into healthcare. Moreover, the rising adoption of electronic health records (EHR) has caused a big impact on healthcare, influencing hospitals and clinics to opt for automated maternal health services. Further, Asia Pacific is expected to record the fastest growth in the global clinical perinatal software market over the forecasted period, experiencing a CAGR of more than 9% over the forecasted period. The rising growth of the Asia Pacific market is attributable to the growing population in India and other developing nations. Further, the growth is attributable to rising disposable income in the middle class.
Top Market Players
The key market participants for the global clinical perinatal software market are Cerner Corporation, PeriGen, Inc., Koniklijke Philips NV, Trium Analysis Online, Edan Instruments, Inc., K2 Medical Systems, Huntleigh Healthcare Limited, Clinical Computer Systems, General Electric, CooperSurgical, Inc., Cognitive Medical Systems, AS Software, Inc., and Bionet, among others.
Global Clinical Perinatal Software Market: By Product Segment Analysis
Global Clinical Perinatal Software Market: By Deployment Mode Segment Analysis
Global Clinical Perinatal Software Market: By Application Segment Analysis
Global Clinical Perinatal Software Market: By End-User Segment Analysis
Global Clinical Perinatal Software Market: Regional Segment Analysis
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