Owing to the increasing demand from the healthcare industry such as maternity clinics, government and private hospitals is driving the growth of the clinical perinatal software market.
According to the current analysis of Introspective Market Research, the global Clinical Perinatal Software (CPS) market was valued at USD 424.84 Million in 2019 and is expected to reach USD 725.14 Million by the year 2026, at a CAGR of 8.02%.
Growing need in the perinatal care, because of the increasing birth rate every year is making the rise of the market and there is a huge growth in the market trend for the Clinical Perinatal Software. This software has features like advanced statistical analysis, which is improving the efficiency for the usage and application for this software. Well-organized display and usage of real-time data for encouraging and application of human recognition and communication is growing the need for the market.
Rising healthcare awareness and government initiatives for creating awareness among people have led to an increase in the use of the software, ultimately driving the revenue. The Centers for Disease Control and Prevention (CDC) recognized (Perinatal quality collaborative) PQCs for improvising perinatal health and provide a variety of online resources to support them in the year 2016. The initiatives taken by government and the hospitals investing in the software are the drivers boosting the growth of the market.
In terms of region, the market for Clinical Perinatal Software (CPS) is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The North-American region is projected to grow at the highest CAGR among all the regions by 2020. This is mainly due to the high demand for the On-Premise deployment model.
The Clinical Perinatal Software (CPS) market is by Product Type (Integrated Software and Standalone Software), By Services (Implementation Services, Support & Maintenance Services, Training Services and Customization Services), By Deployment Type (On premise and Cloud Based), by Application (Labor & Delivery and Pregnancy Follow-up), By End-User Industry (Hospitals and Clinics, Maternity clinic and Others). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest:
- Due to the increase in usage of IT products in the healthcare industry the market size of the clinical perinatal software is expected to rise more in the forecast period.
- From the application segment, although the Pregnancy Follow up segment is accounted for the largest share in the market, Labor & Delivery segment is estimated to be the fastest growing segment with the highest CAGR in the forecast period.
- Due to the increasing need of the additional and accessible software for high procedures in the maternity clinics and the development of regions, the implementation service segment has accounted for the largest market share value in 2019.
Key Participants include Koninklijke Philips N.V., G.E Healthcare, Clinical Computer Systems Inc., Cerner Corporation, Trium Analysis Online GmbH, Gaumard Scientific, Meridian Health Informatics, Meridian Health Informatics, AS Software Inc., PeriGen Inc., Huntleigh Healthcare Ltd.
For this report, Introspective Market Research have segmented the Clinical Perinatal Software (CPS) markets market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2025)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM