What Has Been The Evolution of the Pediatric Software Market in Recent Years?
The pediatric software market has seen considerable growth due to a variety of factors.
• The market size of pediatric software has demonstrated robust growth over recent years. It is projected to rise from $30.63 billion in 2024 to $32.45 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The historical period's growth is attributable to early adoption of technology, regulatory breakthroughs, a shift toward electronic health records (EHR), an early emphasis on pediatric wellness, and acknowledgment of pediatric mental health necessities.
What Is the Forecasted Market Size and Growth Rate for The Pediatric Software Market Size?
The Pediatric Software market is expected to maintain its strong growth trajectory in upcoming years.
• The market for pediatric software is projected to expand robustly in the coming years. It is set to reach a value of $44.83 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.4%.
This anticipated growth in the forecast period can be accredited to several factors, such as the implementation of value-based care models, increased availability of pediatric mental health services, a heightened stress on preventive care, increased investment in pediatric healthcare, and a focus on interoperability standards. The key trends for this period comprise personalized healthcare offerings, telehealth and remote patient monitoring, the incorporation of AI and machine learning, increased attention to data security and privacy, and the rise of mobile health (mHealth) solutions.
What Factors Are Driving Growth In The Pediatric Software Market?
The pediatric software market is anticipated to grow with the rising acceptance of electronic medical records. These records, which are computerized compilations of various medical documents generated during clinical interactions or other events, essentially amplify the electronic medical record (EMR), serving as a digitized version of a patient's medical history. In the context of pediatrics, an electronic health record (EHR) aids in decreasing paperwork duration and enhancing the quality of care. Pediatric software offers the necessary tools, which means increasing EHR usage boosts the growth of the market. For example, in 2022, the UK's Office for National Statistics revealed that the UK spent roughly $354.88 billion (£283 billion) on healthcare, marking a nominal increase of 0.7% from 2021. Therefore, the growing implementation of EHR is fuelling the demand in the pediatric software market.
What Are The Main Segments Of The Global Pediatric Software Market?
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 Centers, Other End Users
Subsegments:
1) By Type I: Pediatric Electronic Health Records (EHR), Pediatric Practice Management Software
2) By Type II: Pediatric Telemedicine Solutions, Pediatric Specialty Care Software
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What Emerging Trends Are Influencing The Growth Of The Pediatric Software Market?
Leading businesses in the pediatric software market are concentrating their efforts on creating transformative software, such as digital care coordination software, specifically for pediatric retinal screening. Digital care coordination software is a technology solution created to simplify and boost coordination of healthcare services and data. For instance, NeoLight, a medical device company based in the US, unveiled ROPCheck.com in November 2022. The platform strengthens their standing in pediatric ophthalmology with a software focused on ROP risk management, aiding in the identification and tracking of retinopathy of prematurity (ROP). This digital platform facilitates coordination of patient care, appointment scheduling, record keeping, billing, and transitions across NICUs, specialists, and caregivers. This development signifies a notable advancement in NeoLight's digital approach, magnifying solutions towards newborn eye screening care and guaranteeing timely examinations and better outcomes.
Who Are the Key Players In The Pediatric Software Market?
Major companies operating in the pediatric software market include:
• Epic Systems Corporation
• Oracle Corporation
• Medical Information Technology Inc.
• Computer Programs and Systems Inc.
• Medhost
• Altera Digital Health
• Netsmart Technologies Inc.
• Athenahealth plc
• Allscripts Healthcare LLC
• Optum Inc.
• Change Healthcare
• Koninklijke Philips N V
• Elinext Group
• AdvancedMD Inc.
• NXGN Management LLC
• Kareo Corp.
• Bizmatics Inc.
• Greenway Health LLC
• MedicalMine Inc.
• Kaaspro
• Duchang IT
• SAP SE
• WRS Health
• McKesson Corp.
• Physician's Computer Company
What Is The Most Dominant Region In The Pediatric Software Market?
North America was the largest region in the pediatric software market in 2024. The regions covered in the pediatric software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
