About Patient Data Management Systems
Patient data management systems (PDMS) is a computer-based information system in which patients data is stored and protected in order to analyze it. The growing number of hospitals and patients require an effective data management solution as big data analytics expected to play an important role in healthcare. Moreover, increasing demand for patient data management system as well as growing adoptions of this software in automating healthcare applications will create significant demand over the forecasted years
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Patient Data Management Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips Healthcare [United States], GE Healthcare [United States], Siemens Healthineers [Germany], Dräger [Germany], Radiometer Medical [Denmark], Cerner [United States], IMD Soft [United States], Elekta [Sweden], Nexus AG [Germany], Mortara [United States], Smiths Medical [United States], Medset [Germany] and UTAS [Ukraine] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are West Medica [Austria], Zoncare Electronics [China], 3M ESPE [Germany], KTMED [South Korea], Elmiko Medical Sp.z o.o. [Poland], HAEMONETICS [United States] and Wuhan Zoncare Bio-Medical [China].
Segmentation Overview
AMA Research has segmented the market of Global Patient Data Management Systems market by Type (Single Function System and Multifunction System), Application (NICU, PICU, General Ward and Other) and Region.
On the basis of geography, the market of Patient Data Management Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Growing Big Data Application in Healthcare and Focus Towards Paperless Record Maintaining Solutions in Order to Reduce Errors
Market Growth Drivers:
Growing Need for Ease of Managing Healthcare Data and Benefits of PDMS Study in Nursing Education
Challenges:
Privacy and Security Threats Related with Data Management Systems and Consistent Management of PDMS Systems
Restraints:
Lack of Health Budget in Emerging Countries and Low Adoption in Emerging Countries Owing to Reluctance Among Hospital Staffs
Opportunities:
Rapid Digitalization and Automation in Healthcare Industry and Growing Number of Multi-specialty and Polyclinics
Market Leaders and their expansionary development strategies
In January 2022, IBM and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, has acquired healthcare data and analytics assets from IBM that are currently part of the Watson Health business. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging software offerings. The acquisition will benefit from the enhanced investment and expertise of a healthcare industry focused portfolio.”
In September 2023, Artificial intelligence and analytics company SAS is to launched a new transformative healthcare platform that will simplify health data and management, improve data governance and accelerate patient insights.This allows users to unlock actionable insights quickly, while also facilitating compliance with industry standards and regulations.
Key Target Audience
Healthcare Industry, Potential Investors, Government Agencies, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.