Press release
Pediatric Software Market: A Compelling Prospect for Healthcare with Remarkable CAGR of 5.9% & 8.4% up to 2025 & 2029 Respectively
Pediatric Software Market Size
What Is The Projected Market Size Of The Global Pediatric Software Market And Its Growth Rate?
• Current Market Size (2024): $30.63 billion
• Projected Market Size (2025): $32.45 billion (CAGR of 5.9%)
• Expected Market Size (2029): $44.83 billion (CAGR of 8.4%)
Growth Drivers include early technology adoption, regulatory milestones, shift towards electronic health records (EHR), early focus on pediatric wellness, and recognition of pediatric mental health needs.
What Is Driving The Growth In The Pediatric Software Market?
The inevitable growth in the pediatric software market is driven by the increasing adoption of electronic health records (EHR), which are computerized collections of various medical records created during clinical encounters or other occurrences. Enhanced with features to reduce paperwork time and improve the quality of care, omnipresent EHRs are influencing the market's growth positively. For instance, a 0.7% nominal increase in healthcare expenditure reaching approximately $354.88 billion was reported in 2022 by the Office for National Statistics, a UK-based national statistics organization. Given the crucial role of an efficient pediatric EHR in the process, its increasing adoption will continue to drive the pediatric software market.
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Who Are the Key Players Driving Pediatric Software Market Growth?
• 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 Are The Key Trends In The Pediatric Software Market?
• Personalized healthcare solutions
• Telehealth and remote monitoring
• Integration of AI and machine learning
• Emphasis on data security and privacy
• Mobile health (mhealth) solutions
What Are The Segments Of The Global Pediatric Software Market?
• By Type: Type I, Type II
• By Modality: Magnetic Resonance Imaging MRI, Computed Tomography CT, Ultrasound, X-Ray
• By Application: PC Terminal, Mobile Terminal, Orthopedics, Gastroenterology, Cardiology, Oncology, Neurology, Other Applications
• By End Users: Hospitals, Diagnostic Centers, Other End Users
Which Region Leads The Pediatric Software Market?
North America led the pediatric software market in 2024, featuring as the largest market region. The global market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Pediatric Software Market Global Market Report?
- Market Size Analysis: Analyze the Pediatric Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pediatric Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pediatric Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pediatric Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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