Point-of-Care Data Management Software Market Forecasts to 2028 – Global Analysis By End User (Diagnostic Centers, Hospitals/Critical Care Units, Outpatient, Clinical Health Care Centers), and By Geography
According to Stratistics MRC, the Global Point-of-Care Data Management Software Market is accounted for $531.60 million in 2020 and is expected to reach $1,559.53 million by 2028 growing at a CAGR of 14.4% during the forecast period. Some of the key factors propelling the market growth include surge in health care budgets, increase in the incidence if chronological and infection diseases and viruses, increase in number of hospitals and diagnostics laboratories, and innovation in flexible connectivity and software interface solutions. However, high deployment costs and operational challenges may hinder the market growth.
Point of care data management software is used to manage patient data about patients' disease history, which is because of increasing incidences of infectious and lifestyle-related diseases. This software ensures that it helps the healthcare professionals by providing records without taking any extra time. It reduces the course of time taken and enhances effectiveness with records and immediate course of action.
By application, the cancer markers segment is expected to grow at a significant rate during the forecast period, due to the academia technical advancements, presence of the various market players that are offering various products, increasing espousal of new technologies among researchers, and increasing diabetic patient population base.
Based on the geography, North America is anticipated to be the fastest-growing regional market over the forecast period, owing to growing income level of people and raising their living standards, increasing availability of rapid tests for diagnosing infectious diseases, rise in the demand of their preventive health care, and adoption of advanced technologies and updated software.
Some of the key players in Point-of-Care Data Management Software Market include Thermo Fisher Scientific Inc., F. Hoffmann-la Roche Ltd., Danaher Company, Randox Laboratories Ltd., Medical Information Technology, Inc., Abbott, Radiometer Medical ApS, HemoCue AB, Orchard Software Corporation, DataLink Software, LLC., Siemens Healthineers AG, Esaote SpA, Hedera Biomedics srl, Telcor Inc., Seaward Electronic Ltd, and Becton, Dickinson and Company.
Estimated Market Size in 2020:
USD 531.60 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,559.53 million
Tables, Graphs & Figures
Delivery, Component, Application, Sales Channel, and End User.
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Wed Based
• Cloud Base
• Coagulation Monitoring
• Cancer Markers
• Infectious Disease Devices
• Glucose Monitoring
• Cardiometabolic Monitoring
Sales Channels Covered:
• Direct Sales
End Users Covered:
• Diagnostic Centers
• Hospitals/Critical Care Units
• Clinical Health Care Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Point-of-Care Data Management Software Market is majorly driven by the innovation in flexible connectivity and software interface solutions, rising adoption of digital technologies for data management, and increasing incidences of infectious and lifestyle-related diseases.
The hospitals/critical care units segment is growing at a highest CAGR owing to a large amount of data generated regularly, adoption rate is higher in hospitals, and rising importance of real-time electronic reporting of results.
North America dominated with a significant market share due to growing availability of rapid tests for diagnosing infectious diseases such as HIV, TB, or malaria and latest innovations in the diagnostics industry, to provide an expedited diagnosis for quick clinical decision making to support treatment regimens.
Asia Pacific market is growing at a highest CAGR owing to rising adoption of advanced techniques for healthcare industry, favorable government norms and support and its economic growth, and improved healthcare infrastructure across various countries in this region.
Key players in Point-of-Care Data Management Software Market include Thermo Fisher Scientific Inc., F. Hoffmann-la Roche Ltd., Danaher Company, Randox Laboratories Ltd., Medical Information Technology, Inc., Abbott, Radiometer Medical ApS, HemoCue AB, Orchard Software Corporation, DataLink Software, LLC., Siemens Healthineers AG, Esaote SpA, Hedera Biomedics srl, Telcor Inc., Seaward Electronic Ltd, and Becton, Dickinson and Company.
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.