Point of care (PoC) Data Management Systems Market Growth Accelerated by Increasing Adoption of Real-Time Patient Data Management Systems

 

Point of care (PoC) data management systems have simplified healthcare workflows by allowing clinicians to access patient health information in real-time. These systems collect patient health data electronically during diagnosis, treatment, and monitoring using portable devices. They enable faster clinical decision making through consolidated access to patient clinical records, lab results, vitals, diagnostics, and medical imaging across departments from a single application. The Global Point Of Care (Poc) Data Management Systems Market Size is estimated to be valued at US$ 3.2 billion in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing adoption of real-time patient data management systems has been a key factor accelerating growth of the point of care (PoC) data management systems market. Streamlined workflows allowing clinicians to access up-to-date patient health records from anywhere using mobile PoC devices is driving demand. It is estimated that over 70% of healthcare organizations currently using PoC technologies reported improved clinical outcomes attributed to timely clinical decisions supported by consolidated patient data on a single platform. Rising investments by hospitals and diagnostic laboratories to upgrade legacy systems with interoperable PoC solutions ensuring data security and management across departments should further support market growth over the forecast period.

Segment Analysis
The global point of care (POC) data management systems market is dominated by the infectious disease testing sub-segment owing to the widespread testing for various infections across clinical settings. The infectious disease testing sub-segment accounts for the largest market share as POC testing helps in early diagnosis and management of diseases like influenza, HIV, respiratory infections etc. Testing at the point-of-care enables avoiding turnaround time issues associated with sending samples to centralized laboratories.

Key Takeaways
The global point of care (PoC) data management systems market is expected to witness high growth.

Regional analysis: The North American region currently dominates the global PoC data management systems market due to large number of installed base and frequent usage of PoC testing. Asia Pacific is expected to grow at fastest pace during the forecast period owing to increasing healthcare expenditure, large patient pool and rising awareness regarding point-of-care testing.

Key players operating in the point of care (PoC) data management systems market are Siemens Healthcare GmbH, Huawei Technologies Co. Ltd., Thermo Fisher Scientific, IBM Corporation, Abbot Laboratories, Danaher Corporation, Roche Diagnostics, Microsoft Corporation.

Get More Insights Here: https://www.newswirestats.com/point-of-care-poc-data-management-systems-market-trends-growth-and-regional-outlook-2023-2030/

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