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Clinical Perinatal Software Market Trends

ID: MRFR//2841-CR | 163 Pages | Author: Rahul Gotadki| January 2020

Clinical Perinatal Software Market Overview

Clinical Perinatal Software Market Size was valued at USD 0.28 Billion in 2023. The Clinical Perinatal Software industry is projected to grow from USD 0.30 Billion in 2024 to USD 0.58 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.98% during the forecast period (2024 - 2032). The precarious ascent in the rate of birth combined with the developing number of post-date pregnancies is required to drive the market development. According to the Stillbirth Center of Research Excellence in 2016, one in every 137 ladies arriving at the twentieth seven-day stretch of growth is anticipated to have a stillbirth youngster in Australia.

Clinical Perinatal Software Market Overvie1

These insights request a successful clinical perinatal software industry growth arrangement, adding to the income development. Additionally, fast, innovative overhauls in perinatal programming and expanding reception of medical care IT further improve the selection in this manner advancing development.

It is anticipated that the rapid increase in the birth rate, in conjunction with the rising incidence of post-date pregnancies, will fuel the expansion of the market. In addition, speedy technological advancements in perinatal software as well as an expanding acceptance of healthcare IT are further strengthening the adoption, which in turn is promoting growth. Further profitable potential prospects for the clinical perinatal software market will be created as a result of increased spending on research and development initiatives to innovate with the technology used in healthcare facilities.

The implementation of cutting-edge software in maternity clinics and hospitals, in addition to the delivery of high-quality medical care, is contributing significantly to an increase in revenue. In addition, the utilization of 3D photos makes it possible to provide enough information concerning the health of fetuses as well as mothers. In addition, the availability of smartphone apps that provide enough information regarding pregnancy and post-pregnancy helps to promote awareness among patients during their check-ups. This is especially helpful for patients who have more than one child. In addition, the availability of smartphone apps that offer a variety of information regarding pregnancy and postpartum care is helpful in improving patients' levels of knowledge during checks.

An increase in the birth rate in industrialized countries, an increase in the natal death rate, and an increase in the number of premature deliveries brought on by insufficient obstetric care and diagnosis have all contributed to an increase in the demand for perinatal software devices in hospitals and clinics. The expansion of technological capabilities within the healthcare industry, an expanding need for immediate access to medical care, and an expanding population of elderly people around the world are the reasons that are driving the growth of the market.

The demand for perinatal software devices in hospitals and clinics has been spurred in part by an improvement in natal mortality as well as a reduction in the number of preterm deliveries that are caused by a lack of diagnosis and obstetric care. The rise of the industry is being fueled, in addition, by rising levels of discretionary money in developing nations as well as vast unrealized potential in the healthcare sector.

July 2023:Ati Motors, the world's most prominent manufacturer of self-driving industrial robots, made the announcement in July 2023 that it has successfully completed its Series A investment round, bringing in a total of $10.85 million. With this financing, Ati Motors will be able to continue the development of its robot’s technology and deploy it more widely in order to automate operations in industrial settings and storage facilities. True Ventures, a venture capital firm based in Silicon Valley that mostly invests in early-stage technological startups, is taking the lead in the Series A investment. In addition, Athera Ventures Partners, a new investor that has significant expertise working with investments in high-tech companies, has joined as a participant. 

COVID 19 Analysis

Coronavirus blast is currently going around the planet; this report take-up the effect of the infection on top developing organizations in the clinical perinatal programming area. This examination report groups as the critical sellers in the clinical perinatal software analysis and presents complete investigation Covid19 sway investigation of the market by type (Standalone Software, Integrated Software), application (Clinicals, Hospitals, Individuals, Other), and by topography (APAC, Americas, and EMEA).

Clinical Perinatal Software Market Trends

  • Drivers

The significant drivers of the clinical perinatal software market are progressions; advancement of software administrations for clinical perinatal applications is required to influence the market's development decidedly. Significant degrees of reception of medical care IT benefits because of the subsequent proficiency of work and simplicity of tasks with its application; this factor is required to drive the market's development.

  • Restraints

The prerequisite of huge capital subsidizing and ventures of clinical perinatal software market for the appropriation and joining of these product items; this factor is required to control the market's development. Again, the absence of information and ranges of abilities in experts and doctors that cause difficulties and intricacies in working the product, this factor is relied upon to limit the market development. 

  • Opportunities

The arrangement of value medical services alongside the reception of the freshest programming across maternity centers and clinics is further boosting the income of clinical perinatal software market growth. Additionally, the use of 3D pictures assists with showing sufficient subtleties relating to hatchlings and ladies' wellbeing. Again, the accessibility of cell phone applications offering sufficient data regarding pregnancy and post-pregnancy helps make mindfulness among patients during their registration.

  • Challenges

The nation segment of the clinical perinatal software market report additionally gives singular market affecting elements and changes in the guideline in the market locally that impacts the current and future patterns of the clinical perinatal software. The information focuses like new deals, substitution deals, country socioeconomics, administrative demonstrations, and import-send out duties are a portion of the significant pointers used to conjecture the market situation for only nations. Additionally, the presence and accessibility of worldwide brands and their difficulties looked because of huge or scant rivalry from nearby and homegrown brands. The effect of deal channels is thought of while giving figure examination of the nation information.

  • Cumulative Growth

Likewise, the expanding selection of medical care IT and the blossoming medical services area go about as significant tailwinds for market development. As per Market Research Future (MRFR), the worldwide clinical perinatal software market is projected to exhibit a massive development by 2025. The clinical perinatal software market valuation had arrived at USD 911.76 MN in 2018, which is required to value further at a CAGR of 8.05% all through the audit period (2019-2025).

Value Chain Analysis

Clinical Perinatal Software report consists of organization profiles, creation worth, item particulars, limit, and pieces of each organization's overall industry for the estimated time of 2020-2027. The Market for Clinical Perinatal Software report also considers organization profiles regarding organization depiction, geological presence, item portfolio, and late turns. Organizations can effectively use the information, measurements, examination, and bits of knowledge about the business remembered for this showcasing report to settle on choices about business techniques and to accomplish the most extreme profit from speculation (ROI). Clinical Perinatal Software industry research report helps give such market experiences by thinking about every one of the parts of flow and future market.

Clinical Perinatal Software Market Segment Insights

Clinical Perinatal Software End-user Insights

On-premise of end-use, the clinical perinatal software market is portioned into clinics/centers and maternity facilities. The medical clinics/facilities section overwhelmed the market with an income portion of more than 60% in 2019. The considerable footfall and accessibility of cutting-edge programming inside these offices are the components adding to the enormous income portion of this fragment. Most emergency clinics work together with different insurance agencies for better and quicker repayment methods, accordingly expanding item appropriation.

Clinical Perinatal Software Product Insights

In light of the item, the clinical perinatal software market is divided into incorporated and independent programming. The incorporated portion held the most significant income portion of around 80% in 2019. The Market for Clinical Perinatal Software portion is likewise expected to enlist the quickest CAGR during the conjecture time frame, ascribed to the expanding interest for clinical experts' work process mix. Factors, for example, innovative progressions and rising item reception, are further boosting fragment development.

Clinical Perinatal Software Application Insights

On-premise utilization, the clinical perinatal software market analysis is sectioned into fetal screen information administrations, work process the board, and patient documentation. Again, the fetal checking information administrations held the most significant income portion of more than half in 2019. The clinical perinatal software gives precise and satisfactory checking of fetal heartbeat and uterine withdrawal. Also, portable fetal observing permits the patients to distantly get to the information regarding the child's turn of events, pushing the development.

March 2023:PeriGen Inc., the global leader in AI-powered perinatal care solutions, is proud to announce the launch of its new Vigilance Quality Reports, a powerful reporting package that includes comprehensive, objective, and actionable data to assist healthcare providers in complying with quality reporting requirements and identifying areas for improvement in maternal-fetal care. The package was named Vigilance Quality Reports. The existing patient-centered platform of the company will benefit greatly from the addition of this new product line, which consists of useful administrative utilities. Due to the worldwide lack of nurses, ensuring quality and complying with regulations demands important clinical cycles, which are currently at an all-time premium.

Clinical Perinatal Software Regional Insights

Regarding regions, North America held the central income portion of more than 45% in 2019 and is expected to proceed with this pattern over the not-so-distant future. The development can be credited to different factors like high discretionary cashflow, mechanically progressed medical services framework, and rising mindfulness among patients. The locale of the clinical perinatal software market obliges a few Healthcare IT merchants that work on perinatal and neonatal considerations around the globe. These organizations are zeroing in on dispatching new items and key coordinated efforts with other industry players.

Asia Pacific clinical perinatal software market is projected to extend at a worthwhile CAGR during the conjecture time frame because of the expanding government activities to help medical care IT selection. The rising selection of medical care offices in arising nations, for example, China and India, is further pushing income development. For example, in March 2015, Philips and Health Map Diagnostics went into a Public-Private Partnership (PPP) arrangement that made a business opportunity for practical diagnostics networks reasonable for the low-pay populace in this manner, driving the local market development.

Competitive Landscape

The worldwide clinical perinatal software market is exceptionally divided, and the significant players have utilized different systems, for example, new item dispatches, extensions, joint endeavors, arrangements, acquisitions, organizations, and others, to build their impressions in the market. The report incorporates pieces of complete industry of clinical perinatal software worldwide, North America, South America, Asia-Pacific, Europe, and the Middle East and Africa.

Following are the major market players of the market:

  • Hill-Room Holdings Inc. (US)

  • Ascom Holding AG (Switzerland)

  • GE Healthcare (Us)

  • Koninklijke Philips N.V. (Netherlands)

  • StanleyBlack& Decker, Inc. 

  • K2 Medical Systems Ltd (UK)

  • General Electric Company (US)

The clinical perinatal software industry growth screen soundness of embryo and pregnant ladies. It gives data about any intricacy that may emerge during the pre-birth time frame, limiting the issues during the pregnancy. Expanding mindfulness and an increasing rate of birth and post-date pregnancy drive the development of the market. Besides, continuous advancement in innovation, expanding medical care consumption, and expanding government support for research and improvement are liable to help the product's interest. Then again, the product's complex UI and significant expense may moderate the clinical perinatal software development over the evaluation time frame.

Recent Developments

In June 2016, Clinical Computer Systems, Inc. reported that they had collaborated with Medical Information Technology, Inc. to make a mixed framework between their "OBIX Perinatal Data System" and "MEDITECH EHR." The updated programming administration will be accessible in OBIX's 7.3 form just as MEDITECH's 6.15, 6.16, and some other proposed future renditions. The coordinated framework will give the patients' data to the medical care suppliers and help in the board of different medical services offices.

In January 2018, Clinical Computer Systems, Inc. declared the dispatch of "OBIX as a Service," giving clients adaptable and savvy perinatal programming frameworks. This assistance will be facilitated on the cloud and sent as cloud-based support of different end-clients diminishing the requirement for introducing worker frameworks for the use and incorporation of the OBIX Perinatal Data System.

Report Overview

  • The report covers the SWOT analysis for this clinical perinatal software trends analysis.

  • It contains all required information regarding market opportunities, challenges, drivers, restraints, etc. 

  • It also addresses various other issues of a market that can boost the clinical perinatal software market trends

Clinical Perinatal Software Market Segmentation

Clinical Perinatal Software Deployment Model Outlook 

  • Cloud-based

  • On-premise

Clinical Perinatal Software End-use Outlook 

  • Maternity Clinics

  • Hospital/Clinics

Clinical Perinatal Software Application Outlook 

  • Workflow Management

  • Fetal Monitor Data Services

  • Patient Documentation

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