Overview and Scope
Pediatric software refers to a form of healthcare software made to assist doctors and other medical experts in managing the health of infants, children, and teenagers. It can quickly and easily access patient data, such as prescription and lab test results, documentation, referrals, billing information, and any other essential information the physician may require.
Sizing and Forecast
The pediatric software market size has grown strongly in recent years. It will grow from $29.27 billion in 2023 to $31.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to early technology adoption, regulatory milestones, shift towards electronic health records (ehr), early focus on pediatric wellness, recognition of pediatric mental health needs..
The pediatric software market size is expected to see strong growth in the next few years. It will grow to $41.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to adoption of value-based care models, expansion of pediatric mental health services, growing emphasis on preventive care, rising investment in pediatric healthcare, focus on interoperability standards.. Major trends in the forecast period include personalized healthcare solutions, telehealth and remote monitoring, integration of ai and machine learning, emphasis on data security and privacy, mobile health (mhealth) solutions..
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Segmentation & Regional Insights
The pediatric software market covered in this report is segmented –
1) By Type: Type I, Type II
2) By Modality: Magnetic Resonance Imaging MRI, Computed Tomography CT, Ultrasound, X-Ray
3) By Application: PC Terminal, Mobile Terminal, Orthopedics, Gastroenterology, Cardiology, Oncology, Neurology, Other Applications
4) By End Users: Hospitals, Diagnostic Centres, Other End Users
North America was the largest region in the pediatric software market in 2023. The regions covered in the pediatric software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing adoption of electronic medical records is expected to propel the pediatric software market going forward. An electronic health recorder is a computerized collection of various medical records that are created during clinical encounters or other occurrences. It is an enhanced electronic medical record (EMR), which is a digital record of the patient’s medical history. A pediatric EHR aids in reducing paperwork time and improving care quality, and pediatric software provides the tools, so increasing the adoption of EHR will propel the market’s growth. For instance, in 2021, according to the Office of the National Coordinator for Health Information Technology, a US-based resource for the entire health system, in the US, 9 in 10 physicians adopted an electronic health record, and nearly 4 in 5 had adopted a certified EHR in 2021. Therefore, increasing adoption of EHR is driving the demand for the pediatric software market.
Key Industry Players
Major companies operating in the pediatric software market are focused on innovative digital interfaces, such as pediatric wellness dashboards, for enhanced parental monitoring. A pediatric wellness dashboard is a digital interface, such as an app or software, specifically designed for parents to monitor and track various aspects of their child’s health and well-being. For instance, in November 2022, Miku Care, a US-based tech company providing contact-free pediatric monitor, launched Care+, a pediatric wellness dashboard that accompanies companies contact-free Miku Pro Smart Baby Monitor. Care+ offers trend notifications, breathing and sleep trend analysis, expert articles, and a daily tracker for parents to monitor their child’s well-being. Designed for use with Miku monitors, Care+ provides valuable insights into a child’s health, allowing parents to track key metrics and receive alerts about important changes. The subscription-based service offers extended video storage options.
The pediatric software market report table of contents includes:
1. Executive Summary
2. Pediatric Software Market Characteristics
3. Pediatric Software Market Trends And Strategies
4. Pediatric Software Market – Macro Economic Scenario
5. Global Pediatric Software Market Size and Growth
…..
31. Global Pediatric Software Market Competitive Benchmarking
32. Global Pediatric Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Pediatric Software Market
34. Pediatric Software Market Future Outlook and Potential Analysis
35. Appendix
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