Clinical Perinatal Software Market Trends

Growth Drivers

• Integration of digital technologies: Continuous innovations in software development, cloud computing, and mobile technology have significantly transformed clinical perinatal software capabilities. These advancements are enhancing the accessibility and functionality of software, leading to improved patient care. The integration of artificial intelligence (AI), machine learning (ML), and advanced analytic tools is aiding healthcare providers in real-time analysis and predicting outcomes based on historical data.
  
  According to the ScienceDirect report, AI and ML algorithms effectively detect and provide data related to depression and anxiety among pregnant women, which aids in taking predictive measures. For instance, in July 2022, PreGen was applauded with the North America Product Leadership Award 2022 by Frost & Sullivan for its advanced perinatal software technologies for fetal monitoring and clinical decision support.
• Telehealth services gaining traction: The increasing adoption of telehealth services is generating profitable opportunities for clinical perinatal software producers. For instance, according to the Research Nester analysis, the telehealth market is forecasted to reach USD 1.57 trillion by 2036. Telehealth allows medical practitioners to monitor maternal and fetal health remotely, using devices that track vital signs, weight, and other critical metrics, aiding in the early detection of complications and timely interventions. Also, many software applications offer personalized recommendations based on individual health data, aiding mothers in following customized perinatal care guidelines.

Challenges

• Data privacy concerns: Growing concerns over data security and patient privacy are expected to hamper the clinical perinatal software market growth to some extent in the coming years. Maternal and fetal health data is highly sensitive as it contains personal information that requires strict confidentiality. The potential for data breaches and cyber-attacks creates challenges for clinical perinatal software developers, and data privacy concerns among patients and healthcare providers.
• High initial investment: Several small healthcare facilities or those running on tight budgets can be deterred from adopting digital medical solutions, including clinical perinatal software due to the high initial investment required for software deployment and training. The associated hardware upgrades, along with the initial purchase, add to the overall costs, limiting clinical perinatal software market growth to a certain extent.