Market Size of Clinical Perinatal Software Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 315.06 Million |
Market Size (2029) | USD 525.01 Million |
CAGR (2024 - 2029) | 10.75 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Clinical Perinatal Software Market Analysis
The Clinical Perinatal Software Market size is estimated at USD 315.06 million in 2024, and is expected to reach USD 525.01 million by 2029, growing at a CAGR of 10.75% during the forecast period (2024-2029).
Clinical perinatal software is an information system that provides advanced technological solutions to examine maternal and fetal health during the perinatal period. The rise in the number of natal mortality and preterm births has increased in the past few years. According to the data published by the United Nations International Children's Emergency Fund in January 2023, 2.3 million infants died in 2021, and nearly 6,400 neonatal deaths occur every day. Preterm birth, intrapartum-related complications, infections, and congenital disabilities are the leading causes of death in most newborns.
Additionally, according to the Pan American Health Organization, in June 2023, out of every ten babies born, one was preterm, and every 40 seconds, one of those babies died. These preterm newborns were found prone to infectious diseases that require constant surveillance using monitoring equipment and software. Thus, these factors have increased the demand for clinical perinatal software, influencing market growth.
Furthermore, technological advancements in clinical perinatal software and the expanding adoption of healthcare IT are promoting the growth of the studied market. Providers in the industry are focused on launching accurate and innovative approaches for monitoring infant and maternal health. They are highly focused on artificial intelligence and other analytical techniques that help analyze maternal vital signs, contractions, fetal heart rate, and labor progression. For instance, in January 2024, Nordic Digital Platforms (NDP), a transformative company bridging the gap between medical innovations and patient well-being, signed a strategic agreement with OBIX, a leading provider of perinatal data systems, to leverage the power of artificial intelligence to transform maternal care services in the United Arab Emirates and the Gulf region. The partnership’s goal is to meet the rising demand for personalized, safe, and convenient maternity care. Such instances are expected to lead to an increase in the use of perinatal software, thereby driving market growth.
Moreover, increased government spending and initiatives to create awareness about prenatal and postnatal care are anticipated to drive market growth in the next five years. For instance, in March 2022, the World Health Organization (WHO) launched its first global guidelines to support women and infants in the postnatal period. The guidelines recommended appropriate care and treatment options for maternity. Meanwhile, in November 2023, the Ministry of Health in Suriname, South America, along with the Pan American Health Organization (PAHO), launched the Perinatal Information System. The new system is integrated with advanced features for monitoring maternal and newborn health. Additionally, the benefits of utilizing perinatal software for pregnancy-related data management propel the market’s growth.
However, budget constraints and the need for extensive training are expected to be significant barriers to market growth.
Clinical Perinatal Software Industry Segmentation
As per the scope of the report, clinical perinatal software provides proper management and monitoring solutions for maternal and fetal health during the perinatal period, which includes the time from pregnancy to the immediate postpartum period. The software is integrated with advanced technological features, improving decision-making and patient outcomes. By product type, the market is segmented into integrated and standalone. By deployment mode, the market is segmented into on-premises and cloud-based. By end user, the market is segmented into hospitals and maternity clinics. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report also covers the market size and forecasts for the clinical perinatal software market in 17 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of value (USD).
By Product Type | |
Integrated | |
Standalone |
By Deployment Mode | |
On-premises | |
Cloud-based |
By End User | |
Hospitals | |
Maternity Clinics |
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Clinical Perinatal Software Market Size Summary
The clinical perinatal software market is poised for significant growth, driven by the increasing need for advanced technological solutions to monitor maternal and fetal health during the perinatal period. The rising incidence of natal mortality and preterm births has heightened the demand for these software solutions, as they play a crucial role in managing complications such as infections and congenital disabilities. Technological advancements and the integration of artificial intelligence and data analytics are further propelling market expansion, with companies focusing on innovative approaches to enhance maternal and infant care. Strategic partnerships, such as those between Nordic Digital Platforms and OBIX, are aimed at leveraging AI to improve maternity services, particularly in regions like the United Arab Emirates and the Gulf. Additionally, government initiatives and funding to raise awareness and improve prenatal and postnatal care are expected to contribute to market growth over the forecast period.
The integrated segment of the clinical perinatal software market is anticipated to experience rapid growth due to the increasing demand for seamless workflow integration among healthcare providers. The adoption of electronic health records, billing systems, and picture archiving and communication systems, along with advancements in artificial intelligence, are expected to drive this segment's expansion. North America is expected to maintain a significant share of the market, supported by well-developed healthcare systems and substantial healthcare expenditure. The region's high preterm birth rates, influenced by factors such as maternal age and smoking habits, are likely to boost the demand for perinatal software. The market is moderately fragmented, with key players like Koninklijke Philips NV, PeriGen Inc., and GE HealthCare focusing on collaborations to enhance maternity care solutions. Recent developments, such as PeriGen's AI-powered LaborWatch platform, highlight the ongoing innovation in the sector, aiming to improve maternal-fetal assessments and care continuity.
Clinical Perinatal Software Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Number of Natal Mortality and Preterm Births
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1.2.2 Increasing Adoption of Artificial Intelligence and Data Analytics in Perinatal Monitoring
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1.2.3 Growing Government Initiatives & Awareness Regarding Fetal Care
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1.3 Market Restraints
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1.3.1 Budget Constraints and the Need for Extensive Training
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Product Type
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2.1.1 Integrated
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2.1.2 Standalone
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2.2 By Deployment Mode
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2.2.1 On-premises
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2.2.2 Cloud-based
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Maternity Clinics
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Clinical Perinatal Software Market Size FAQs
How big is the Clinical Perinatal Software Market?
The Clinical Perinatal Software Market size is expected to reach USD 315.06 million in 2024 and grow at a CAGR of 10.75% to reach USD 525.01 million by 2029.
What is the current Clinical Perinatal Software Market size?
In 2024, the Clinical Perinatal Software Market size is expected to reach USD 315.06 million.