Patient Data Management Systems (PDMS) Market to make huge impact in near future basic influencing factors driving the industry 2018 - 2023

Patient Data Management Systems (PDMS) Market

According to a new market research report titled, ‘Patient Data Management Systems (PDMS) Market’, added on Reports Monitor. The report has been processed on the basis of a comprehensive analysis with inputs from industry experts. The report presents the market scenario and its potential growth prospects during the forecast period. In addition, the report consists of the list of the leading players operating in the market.

A PDMS is a computer-based information system which facilitates the collection, integration, retrieval and interpretation of the multi-source (e.g. hospital information system, laboratory system, bedside devices) multi-variant (e.g. images, numbers, text) data found in intensive care units.

Request a Sample Report @ https://www.reportsmonitor.com/request_sample/87377

The global Patient Data Management Systems (PDMS) market is valued at 560 million USD in 2017 and is expected to reach 1190 million USD by the end of 2023, growing at a CAGR of 13.4% between 2017 and 2023.      

A PDMS is considered a medical product performing calculations or interpretations of patient-specific data for diagnostic or therapeutic purposes, e.g. dosage of medication. PDM systems can support clinicians in their everyday work, in a way that is not possible with paper-based documentation. If a PDMS has not been certified as a medical product, physicians and nurses must use the original data source every time they take a therapeutic decision.

The majority of their operating expenditure consists of research and development (or R&D) costs and marketing spending. With the emergence and adoption of cloud computing and open source software, companies are finding it very difficult to maintain high margins, which were once associated with the industry. Every year, software companies revise their R&D spending budget in order to keep up with the competition and innovate new products and technologies.

R&D costs typically form 10%–20% of the revenues for software companies. However, not all of this goes into innovation. A large portion of its spent in testing various configurations of operating systems (or OS) is instead of developing new functionality. Industry experts think that even less than 5% of R&D budget is spent on innovation. This expenditure gives an insight into the revenues expected in future. It hints at the company’s market share and profitability.

Due to increased competition, companies have huge marketing expenditure, which even surpasses R&D spending most of the time. This expense category contributes the most to operating expenditure of software companies. It varies depending on the product or services that a company is engaged in. On average, companies spend 15%–25% of their revenues in sales and marketing activities. However, there are exceptions like Symantec (SYMC) which has consistently spent ~40% of its revenues in sales and marketing.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Patient Data Management Systems (PDMS).

Scope of the Report:

Some of the major key players functioning in the Patient Data Management Systems (PDMS) Market Report include: Philips Healthcare, GE Healthcare, Siemens Healthineers, Dräger, Radiometer Medical, Cerner, IMD Soft, Elekta, Nexus AG, Mortara, Smiths Medical, Medset, UTAS.

The report also provides regional level market analysis and future outlook for: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Check Discount for Patient Data Management Systems (PDMS) market report @ https://www.reportsmonitor.com/check_discount/87377

The Patient Data Management Systems (PDMS) Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals.

Most important types of Patient Data Management Systems (PDMS) products covered in this report are:

Single Function System, Multifunction System.

Most widely used downstream fields of Patient Data Management Systems (PDMS) market covered in this report are:

ICUs, General Ward.

The report provides an overview of the Patient Data Management Systems (PDMS) Market, consisting of product definitions, classifications, applications, segmentation, comprehensive analysis, and the industry chain structure. It also includes a number of factors such as the market dynamics, ranging from the basics to advanced market intelligence, which helps the companies in expanding their footprint over the market.

Additional Information:

Regulatory scenario
Pricing analysis
Micro and Macroeconomic indicators.

There are 13 Chapters to thoroughly display the Patient Data Management Systems (PDMS) market. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.

Chapter 1: Patient Data Management Systems (PDMS) Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.

Chapter 2: Patient Data Management Systems (PDMS) Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels and Major Downstream Buyers.

Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Patient Data Management Systems (PDMS).

Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Patient Data Management Systems (PDMS).

Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Patient Data Management Systems (PDMS) by Regions (2013-2018).

Chapter 6: Patient Data Management Systems (PDMS) Production, Consumption, Export and Import by Regions (2013-2018).

Chapter 7: Patient Data Management Systems (PDMS) Market Status and SWOT Analysis by Regions…Continued

Browse Complete Report with TOC of Patient Data Management Systems (PDMS) Market Report, Visit: https://www.reportsmonitor.com/report/87377/Global-Patient-Data-Management-Systems-Market

In the end, Patient Data Management Systems (PDMS) Industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

About Us:

ReportsMonitor.com is a market intelligence and consulting firm with extensive experience and knowledge of the Market Research industry. Our aim is to change the dynamics of the Market Research industry by providing quality intelligence backed by data. Your requirement for market forecasting is fulfilled by our exclusive quantitative and analytics driven intelligence. Decision makers can now rely on our distinct data gathering methods to get factual market forecasting and detailed analysis.

Contact Us:

Mr Jay Matthews

Direct: +1 513 549-5911 (U.S.)

+44 203 318 2846 (U.K.)

Email: sales@reportsmonitor.com

This release was published on openPR.