Global Pediatric Software Market – Industry Trends and Forecast to 2030

 Pediatric Software Market Analysis and Size

In recent years, there has been a rapid digitization of healthcare, with various reforms driving up the market. People's growing awareness of this market also contributes to its growth. The growing awareness of electronic health records also positively impacts the market, and the most rapid demand for instant data is also a driving factor for the market.

Data Bridge Market Research analyses that the pediatric software market which is USD 30 billion in 2022, is expected to reach USD 49.65 billion by 2030, at a CAGR of 6.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Pediatric Software Market Scope and Segmentation      

Market Definition

Pediatrics is the medical care of infants, children, and adolescents because paediatrics is responsible for a specific age group, special electronic health record software features will be required to ensure the clinical practise runs smoothly.

Pediatric Software Market Dynamics

Drivers

• Growing number of medical records

The number of medical records is increasing in tandem with the number of patients, and manually managing such large amounts of data is difficult. As a result, there is an urgent need all over the world for pediatric electronic medical record software (EMR) to manage such expanding records. The primary drivers of market growth are the growing global incidence of visual impairment, the number of ophthalmology medical records, and the need to manage those records.

• Technological advancements to promote the growth rate

The market is also being propelled forward by ongoing technological advancements in healthcare information technology and their positive impact on ophthalmology practises. To strengthen the healthcare infrastructure and streamline the healthcare system, the government is undertaking several initiatives to support the teleconsulting facility, particularly in the ophthalmology electronic medical records. Furthermore, using such software reduces data theft and data breach incidents in the healthcare sector.

Opportunities

• Rise in Digitalization

The massive digitalization transformation occurring across all sectors, including healthcare and government organizations, is driving healthcare professionals to adopt software to improve patient care practises. These are the various factors that contribute to the market's growth. The growing digitization of healthcare and government initiatives to promote the use of electronic medical records (EMR) are driving market growth. Furthermore, significant growth in healthcare information technology (IT) and its growing impact on market which is expected to drive the market.

Restraints/Challenges

• Security risk from cyber attacks

Cybercrime is a possibility because cloud-based EMR systems contain personal information about your patients. Hackers and other malicious attackers may attempt to gain access to sensitive information and use it to commit fraud, identity theft, and other similar crimes.

Furthermore, a scarcity of skilled healthcare IT professionals, particularly ophthalmologists and optometrists in developing countries, will hamper the market's growth rate. Lack of disease awareness, high product costs, poor economic conditions, and a lack of favourable insurance systems limit the adoption of electronic medical record software products in developing regions worldwide.

This pediatric software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pediatric software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Pediatric Software Market Scope

The pediatric software market is segmented on the basis of product type, application, modality and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Type I
• Type II

 Application

• PC Terminal
• Mobile Terminal
• Orthopedics
• Gastroenterology
• Cardiology
• Oncology
• Neurology
• Others

 End Users

• Hospitals
• Diagnostic Centres
• Others

 Modality

• Magnetic Resonance Imaging MRI
• Computed Tomography CT
• Ultrasound
• X-Ray
• Others

Pediatric Software Market Regional Analysis/Insights

The pediatric software market is analyzed and market size insights and trends are provided by country, product type, application, modality and end users as referenced above.

The countries covered in the pediatric software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the pediatric software market because of increased investments in healthcare and the implementation of various government policies and norms in the region as a result of digital health technologies.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to producing all needful and technological advancements. 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The pediatric software market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pediatric software market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pediatric software market. The data is available for historic period 2011-2021.

Competitive Landscape and Pediatric Software Market Share Analysis

The pediatric software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pediatric software market.

Some of the major players operating in the pediatric software market are:

• Kaaspro (India)
• Duchang IT (China)
• Epic Systems Corporation (U.S.)
• GoodWill International (U.S.)
• MEDICAL Information Technology Inc. (U.S.)
• SAP (Germany)
• CPSI (U.S.)
• Meta (U.S.)
• Elinext (U.S.)
• EPIC Systems Corporation (U.S.)
• INFOR (U.S.)
• Cognizant (U.S.)
• Oracle (U.S.)
• Jag products LLC (U.S.)
• Allscripts Healthcare LLC (U.S.)
• Optum Inc. (U.S)
• Cerner Corporation (U.S.)
• Change Healthcare (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• athenahealth (U.S.)
• eClinicalWorks (U.S.)

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