Point-Of-Care (POC) Data Management Systems Market Scope
Medical diagnostic tests conducted at the site or near patients for rapid clinical decision making are referred to as point of care testing (POCT). Medical practitioners have had a difficult time managing patients' test data and documenting it for regulatory compliance. POC data management solutions have been created by a number of businesses to assist medical practitioners in overcoming problems while preserving patient information. POC data management solutions make it easier to record, store, and view patient medical records at central data management systems from numerous point-of-care devices. Furthermore, on a single enterprise platform, these give a bidirectional link between hospitals and laboratory experts. POC data management systems include capabilities such as patient medical records keeping, POCT device data downloading, and data integration with the hospital information system (HIS) and laboratory information system (LIS). Reduced paperwork, better labour efficiency of testing operations, continuous monitoring of point of care devices, centralised operator management, and many other benefits of POC data management systems over manual data recording systems.
The Point-Of-Care (POC) Data Management Systems market study is segmented and major geographies with country level break-up.
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Point-Of-Care (POC) Data Management Systems market throughout the predicted period.
Siemens Healthineers (Germany), HemoCue AB (Sweden), Abbott Laboratories (United States), Radiometer Medical ApS (Denmark), TELCOR, Inc. (United States), Thermo Fisher Scientific, Inc. (United States), Randox Laboratories Ltd. (United Kingdom), Esaote SpA (Italy), Hedera Biomedics srl (Italy) and Seaward Electronic Ltd. (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Point-Of-Care (POC) Data Management Systems market by Type, Application and Region.
On the basis of geography, the market of Point-Of-Care (POC) 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).
Market Leaders and their expansionary development strategies
On 23rd September, 2020 - Orchard Software Launched Point-Of-Care Testing Network. The New Software as A Service (SaaS) Solution Allows Customers to Automate and Manage Point-Of-Care Testing Operations Via Device Integration and System Interface, Enabling Electronic Test Ordering and Automated Result Reporting.
Market Trend
- Integration with Advance Technologies Including AI
Market Drivers
- Rising Demand for Efficient Data Computation and Management
- Increasing Rate of Consumer Data Collection
Opportunities
- Growth in Healthcare Infrastructure Across Emerging Regions
- High Digitization Across Medical Sector
Restraints
- Lack of Trained Professionals
- Data Privacy Concerns
Challenges
- Fierce Competitive Pressure
- Technical Glitches and Errors
Key Target Audience
Point-Of-Care (POC) Data Management Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others