Growing Perinatal Mortality Rates, Technological Advancements, and Growing Adoption of Healthcare IT Set to Boost the Perinatal Care Software MarketPublished On: September 21, 2016
Perinatal care has been one of most neglected aspect of healthcare despite of growing perinatal mortality rates across the globe especially in developing and underdeveloped countries. This is majorly accounted to the conventional approach towards the women health and technological inability. However, rise of modern technology has opened many opportunities for perinatal care. Healthcare IT is being widely used and accepted by entire healthcare community for the numerous benefits it provides. The medical information techniques like Electronic Medical Records (EMR), medical practice management software, and patient monitoring software are set to change the conventional healthcare practices across the globe. Such rise in use of healthcare IT and continuous research activities in labor and delivery care have resulted in many advanced treatments, procedures, and monitoring techniques such as perinatal care software that enable the healthcare professionals to monitor pregnant women and fetus. It makes them to find out any possible critical health conditions and being ready to deal with it in a significant manner so as to secure the mother and her baby from any sort of threats. Perinatal software helps monitor timings of antenatal visit, mother’s antenatal and postnatal length of stay, method of delivery, infant’s length of stay, type of feeding and many other aspects of labor and delivery to ensure proper health of mother and baby.
Over the past few years, there has been a growing uptake of perinatal IT solutions among the healthcare providers across the world. According to the latest publication from “Meticulous Research®” perinatal care software market is expected to grow at a promising CAGR of 6.8% during 2014-2020 to reach $233.6 million by the end of 2020. The growth of this market is primarily ascribed to the growing perinatal mortality rates across the globe especially in developing and underdeveloped countries, various technological advancements in entire healthcare community with growing adoption of these technologies, increasing efforts to mitigate rising healthcare costs and to meet the growing demand for quality care, shortage of healthcare practitioners, and growing awareness of the advanced healthcare solutions across the globe. However, the initial cost of implementation which is quiet high to bear for many healthcare providers could restrain the market to certain level, but with efforts being made regarding its usefulness, and return on investment (ROI) ensures the increasing adoption of perinatal software and thereby provides many opportunities for all the stakeholders in this market
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