Point of Care (PoC) Data Management Systems Market – Easy Management of Large Volume Patient Data | Abbott, Danaher, F.Hoffman-La Roche Ltd., Orchard Software Corporation, Siemens Healthcare, Telecor, Thermo Fisher Scientific, Randox Laboratories

Point-of-care (POC) data management system market report includes in depth study about POC data management services and software. It also focuses on the adoption rate of technology in various healthcare settings such as hospital, clinics and diagnostic laboratories. Cloud-based and on-premise systems are the mode of delivery type for these services. Point-of-care (POC) data management system enables clinicians to make decisions easily, as the patient records are well maintained and point-of-care has the potential to significantly influence health care delivery and to address the challenges of health disparities. Point-of-care (POC) data management system helps in providing optimal patient care and it increases effectiveness, improves clinical workflow, satisfies compliance requirements and reduce cost. The demand for POC data management system is expected to increase, as the healthcare agencies are focused on improving patient safety and care. Moreover, rising number of hospitals adopting advanced data management systems to increase operational efficiency and reduce costs is driving growth of the point-of-care management system market. POC data management system helps medical professionals to manage patient’s diagnostic and clinical data easily, which was a tedious task earlier. A typical point-of-care practice involves multiple devices platform from various vendors, is used which by thousands of operators spread over the entire region. These systems are hardware and software based management technologies, which include cloud, web, and premise based mode of delivery.

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Increasing focus on value-based services in healthcare is increasing demand for POC testing. Improvements in patient outcomes and satisfaction can be seen with laboratory results made available in real-time at the patients’ point of care. In order to meet increasing needs of healthcare, laboratories are actively managing POC testing effectively, with data management and connectivity solution that integrates POCT results into the patient’s chart and eases the challenges of POCT management. Moreover, the Health Information Technology for Economic and Clinical Health (HITECH) Act promoted the adoption of health information technology, thereby facilitating the healthcare facilities to adopt these systems. In 2015, the Centers for Medicare & Medicaid Services (CMS) and the Office of the National Coordinator for Health IT (ONC) supported the concept of electronic health records-meaningful use [EHR-MU]. Meaningful Use is attributed to ensure certified EHR technology provides efficient electronic exchange of health information, thus improving the quality of care.

The Global Point Of Care Data Management Systems Market Size Was Valued At Us$ 718.5 Million In 2017 And Is Expected To Witness A Robust Cagr Of 6.6% Over The Forecast Period (2018 - 2026).

Market Dynamics:

The major factors driving growth of the point of care data management systems market include increasing incidence of various diseases accelerating demand for POC devices, thereby increasing adoption of point of care data management systems to manage daily POCT operations across different medical and home care settings. Moreover, point-of-care technology is significantly contributing to the transformation of healthcare landscape by bringing rapid diagnosis and monitoring tests closer to the patient care and making it more convenient for healthcare providers and patients. The test results obtained by Electronic Health Records (EHR) assists in early diagnosis leading to early onset of treatment. Advancements in data integration, remote sensing in hospitals, and wireless connectivity are also increasing the demand for POC data management system. However, high cost associated with installing on-premise and cloud-based data management systems and software along with increasing concern about patient healthcare data protection and privacy can negatively impact the business growth.

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Key features of the study:

- This report provides in-depth analysis of point of care data management systems market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global point of care data management systems market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Abbott, Danaher Corporation, F.Hoffman-La Roche Ltd., Orchard Software Corporation, Siemens Healthcare GmbH, Telecor, Inc., Thermo Fisher Scientific, Inc., Randox Laboratories Ltd., Hedera Biomedics Srl and Seaward Electronic Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- The global point of care data management systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the point of care data management systems market

Detailed Segmentation:

Global Point of Care Data Management Systems Market, By Component:
- Services
- Software

Global Point of Care Data Management Systems Market, By Mode of Delivery:
- Cloud Based
- On-premise

Global Point of Care Data Management Systems Market, By End User:
- Hospital
- Clinics
- Diagnostics Laboratories

Global Point of Care Data Management Systems Market, By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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