According to our latest study on “Point-Of-Care Data Management Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Application, and End User,” the market was valued at US$ 446.54 million in 2019 and it is projected to reach US$ 855.54 million by 2027; it is expected to grow at a CAGR of 8.6% during 2020–2027. The report highlights trends prevailing in the global point-of-care data management software market, and the factors driving and restraining the market growth.
Based on application, the global point-of-care data management software market is bifurcated into infectious disease devices, glucose monitoring, coagulation monitoring, urinalysis, cardio metabolic monitoring, cancer markers, and hematology. The glucose monitoring segment held a larger share of the market in 2019. Whereas, the cancer markers segment is anticipated to register a higher CAGR in the market during the forecast period. The large share of this segment is attributed to factors such as the significant adoption of new technologies among researchers and academia technological advancements, growing diabetic patient population base. Moreover, presence of the various market players that are offering various products and rise in the technological advancement will further offer lucrative opportunities in the study period.
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MARKET INTRODUCTION
Paper-based data and manual data management in large healthcare facilities is a tedious procedure that demands extensive resources and is relatively prone to loss of data and other human errors. Point-of-Care data management solutions are a reliable and sophisticated solution for the management of data at various healthcare facilities. The POC management data software helps clinicians and healthcare providers to make easy decisions as well as access patient’s data easily without the need for handling of manual prescriptions, test-results and medical record sheets. These software can be operated through various modes of delivery and can be operated by multiple users at a single time.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Point-of-Care Data Management Software market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Point-of-Care Data Management Software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Point-of-Care Data Management Software market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Point-of-Care Data Management Software market in these regions.
MARKET DYNAMICS
Point-of-Care data management software market is expected to grow significantly in the coming years, owing to the factors such as adoption of digital technologies for data management and inclination of various healthcare organizations towards electronic health records (EHR). The data management systems manufacturers have potential opportunities to develop platforms with reduced costs of installation and set-up of the Point-of-Care data management software.
MARKET SCOPE
The “Point-of-Care Data Management Software Market Analysis to 2027” is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of point-of-care data management software market with detailed market segmentation by application and end-user and region. The point-of-care data management software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in point-of-care data management software market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The point-of-care data management software market is segmented on the basis of application, end-user. Depending on application, the market is classified into infectious disease devices, glucose monitoring, coagulation monitoring, urinalysis, cardiometabolic monitoring, cancer markers, and hematology. Based on end-user, the global point-of-care data management software market can be divided into hospitals/critical care units, diagnostic centers, clinics/outpatient.
MARKET PLAYERS
The report covers key developments in the point-of-care data management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from point-of-care data management software market are anticipated to have lucrative growth opportunities in the future with the rising demand for point-of-care data management software market in the global market. Below mentioned is the list of few companies engaged in the point-of-care data management software market.
The report also includes the profiles of key players in point-of-care data management software market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott
- Becton, Dickinson and Company
- ESAOTE SPA
- Hedera Biomedics srl
- HemoCue, a Danaher company
- Orchard Software Corporation
- Randox Laboratories Ltd.
- Roche Diagnostics India Private Limited
- Siemens Healthcare Private Limited
- TELCOR Inc.
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