The global Point Of Care (PoC) Data Management Systems Market is estimated to be valued at US$ 74.8 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Point of care (POC) data management systems enable healthcare providers to collect, analyze and share crucial patient data from various POC devices such as glucometers, ECG monitors etc. Use of POC data management helps in efficient patient monitoring and tracking treatment outcomes in real time.
Market key trends:
The growth in the global POC data management systems market is majorly driven by increasing adoption of telehealth and remote patient monitoring devices amid COVID-19 pandemic. Telehealth adoption has enabled healthcare providers offer necessary medical consultations while maintaining proper social distancing. Integration of cloud and artificial intelligence in POC data management systems has allowed healthcare providers gain insights from large data pools for efficient clinical decision making. Growing preference for home healthcare settings and increase in number of patients with chronic diseases globally is also propelling the demand for decentralized healthcare model enabled by POC data management systems.
Segment Analysis
Point Of Care (PoC) Data Management Systems market is segmented into products, mode of delivery, end-user and region. The products segment is further divided into instruments and software. The instruments segment accounted for the largest share in 2020 as PoC testing instruments are essential for performing medical tests at the point-of-care. Moreover, instruments segment comprises analyzers, cartridges and other consumables required for various PoC tests which drivers its dominating position.
Key Takeaways
The Global Point Of Care (Poc) Data Management Systems Market Size is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, due to increasing preference for portable and quick medical diagnostic tests at alternative care settings.
Regional analysis
North America dominated the global market in 2020 and is expected to continue its dominance over the forecast period. This is mainly attributed to the presence of major players and rapid adoption of advanced PoC technologies in the region. Asia Pacific is anticipated to exhibit the fastest growth rate during the forecast period owing rising healthcare expenditure, increasing healthcare awareness and growing geriatric population.
Key players
Key players operating in the Point Of Care (PoC) Data Management Systems market are F. Hoffmann-La Roche Ltd, Becton Dickinson & Company, Cepheid (Danaher),Siemens Healthineers, Abbott, Diasorin S.p.a., Thermo Fisher Scientific Inc. , Qiagen, BIOMÉRIEUX, Hologic Inc., Bio Rad Laboratories, Quidel Corporation, EKF Diagnostics, SEKISUI Diagnostics, DiaSys-Diagnostic Systems GmbH, InBios International, Inc., Jiangsu Mole Bioscience Co., Ltd., ACON Laboratories, Inc., Visby Medical, Inc., UNIMA, INC.The major players are focusing on various business strategies like mergers, acquisitions, partnerships, and new product launches to strengthen their market foothold.
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