Point of Care (POC) Data Management Systems Market - High Demand For Point of Care Testing Device

Point of care testing (POCT) refers to the medical diagnostic tests performed at the site or near patients for immediate clinical decision making. Managing patients’ test data and recording it for regulatory compliance have been tedious tasks for medical professionals. Several companies have developed POC data management systems in order to help medical professionals overcome challenges while maintaining patient records. POC data management systems facilitate the recording, storage, and viewing of patients’ medical records from multiple point of care devices at central data management systems.

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Additionally, these provide a bidirectional interface to both hospitals and laboratory professionals on a single enterprise platform. POC data management systems offer features such as recording of the patients’ medical records, downloading of POCT device data, and integration of data with the hospital information system (HIS), and laboratory information system (LIS). POC data management systems have several advantages over manual data recording systems such as reduced paperwork, increased work efficiency of testing procedures, continuous monitoring of point of care devices, centralized operator management, and many others.

The global point of care (POC) data management systems market is primarily driven by increase in adoption of POC devices by hospitals and laboratories. Increase in geriatric population, high incidence of chronic as well as infectious diseases, and rise in awareness among people about preventive health care has led to high demand for point of care testing devices across the world. Rapidly improving health care facilities and infrastructure in developing countries, increase in number of hospitals and diagnostics laboratories, and surge in health care budgets are projected to fuel demand for point of care data management systems during the forecast period. Moreover, technological advancements in data management systems such as remote monitoring, data integration into central hospital information systems, wireless connectivity, process automation, ease of use, and web tutorials are factors augmenting demand for POC data management systems. However, high cost of POC data management systems and slow rate of adoption are likely to hamper the market in the near future.

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The global point of care data management systems market can be segmented based on component, mode of delivery, end-user, and region. In terms of component, the global market can be classified into hardware and software. The hardware segment is expected to account for a leading share of the global market. The software segment is estimated to expand at a high CAGR during the forecast period. Based on mode of delivery, the global point of care data management systems market can be divided into web-based systems, cloud-based systems, and on-premises data management systems. The on-premises data management systems segment is anticipated to dominate the global market by 2025. In terms of end-user, the global point of care data management systems market can be categorized into hospitals and physicians clinics and diagnostics laboratories.

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