The Growth Of Lab On Chip (LOC) Technology Is Fastest Growing Segment Fueling The Growth Of Point Of Care (Poc) Data Management Systems Market
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.
For
More Insights, Read: https://www.newsstatix.com/point-of-care-poc-data-management-systems-market-size-share-and-growth-forecast-2023-2030/
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