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The rising number of neonatal mortality and preterm births has become a significant driver for the market. Neonatal mortality, defined as the death of a newborn within the first 28 days of life, and preterm births, defined as births before 37 weeks of gestation, present substantial challenges for healthcare systems globally. According to the World Health Organization (WHO), approximately 15 million babies are born prematurely each year, and complications from preterm births are the leading cause of death among children under five years old. These alarming statistics underscore the critical need for enhanced care and monitoring during the perinatal period.
North America clinical perinatal software market accounted for USD 103.7 million in 2023, owing to well-structured and established healthcare systems, as well as high medical expenditures.
Clinical Computer Systems Inc., GE HealthCare, Glen Med Solutions, Huntleigh Healthcare Limited, K2 Medical Systems Ltd, Koninklijke Philips NV, MCKESSON CORPORATION, and PeriGen Inc.
The clinical perinatal software industry was valued at USD 277.2 million in 2023 and is anticipated to witness a CAGR of 9.9% through 2032, due to the increasing integration of AI and ML capabilities for enhanced predictive analytics and risk assessment.
The integrated segment accounted for a revenue of USD 168 million in 2023, driven by technological developments coupled with electronic health records (EHR), billing systems, picture archiving, and communication systems (PACS).