Point-of-Care (POC) Data Management Systems Market Size, Share, Analysis, Trends, Growth, 2032

Point-of-Care (POC) Data Management Systems Market

Point-of-Care (POC) Data Management Systems Market by Component (Services, Software) by Disease (Infectious Disease, Cancer, Others) by End-User (Hospital, Physicians Clinics, Diagnostics Laboratories): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-5871 Published Date: Oct-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 3.06 Billion USD 17.26 Billion 21.2% 2023

Point-of-Care (POC) Data Management Sys Market

Point-of-Care (POC) Data Management Systems Market Insights

According to Zion Market Research, the global Point-of-Care (POC) Data Management Systems Market was worth USD 3.06 Billion in 2023. The market is forecast to reach USD 17.26 Billion by 2032, growing at a compound annual growth rate (CAGR) of 21.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Point-of-Care (POC) Data Management Systems Market industry over the next decade.

Point-of-Care (POC) Data Management Systems Market SizeRequest Free Sample

Global POC Data Management Systems Market: Overview

Point of care testing (POCT) refers to health diagnostic tests conducted on-site or nearby patients for immediate clinical practice. Managing and recording patient test data for regulatory enforcement has been a tedious job for medical professionals. Numerous organizations have developed POC data management systems to assist medical practitioners resolve obstacles when managing patient information. POC data management systems enable the tracking, processing and display of patient medical records from various point-of-care devices in central data management systems.

Global Point-Of-Care (POC) Data Management Systems MarketRequest Free Sample

Global POC Data Management Systems Market: Growth Factors

Point-of-care innovations allow hospitals and clinics to spend more time and cash in technologies that help speed up the flow of patients through practice and streamline the daily workflow of nurses and doctors by reducing long waits. In response to the value change in healthcare and advances in technology, the demand for point-of-care testing is rising. The need for POCT is motivated by many factors. Some of these include an increase in infectious diseases, a rise in lifestyle-related diseases such as heart disease and diabetes, an increasing preference for patients to use home-based POC devices, and technical developments to develop devices that are quicker and simpler to use.

For instance, around 425 million adults have diabetes across the globe. This figure is projected to grow to over 640 million by 2040. As diabetes continues to grow around the world, so must the attempt to raise awareness. In Asia Pacific, nearly 37 percent adults are predicted to be diagnosed with diabetes. According to the International Diabetes Federation, in 2019, the number of patients with diabetes worldwide was 463 million. Global expenses for the treatment of diabetes are expected to increase from USD 760 billion in 2019 to USD 845 billion in 2045. More than 50% of diabetes patients who have been infected with COVID-19 are in critical conditions or admitted in hospitals, according to the latest study by the Centers for Disease Control and Prevention (CDC).

In addition, as medical data analytics are more widely used to support patient-centered treatment and population health management, it is important to have POCT results electronically incorporated inorder to include outcome monitoring metrics and key performance indicators. According to the Japanese Nursing Association survey, the EMR scheme was adopted by about 63 percent of hospitals in Japan from September to October 2019. The country's government has been encouraging the use of the system since the beginning of the 2000s. In the United States, electronic medical records (EHR) spending increased from 2015 to 2019 at an annual rate of 5.4 percent, reaching USD 14.5 billion in 2019.

Impact due to the outbreak of COVID-19

The outbreak of COVID-19 placed significant stress on worldwide healthcare systems that are straining to accommodate the volumes of patients needing life-saving treatment. Numerous governments have endured or are preparing for shortages of vital medical supplies such as surgical masks, life-saving ventilators, face shields, or even patients' physical space and beds. In a world of increasingly high-tech healthcare devices, these almost basic necessities have become a priority. The U.S. FDA granted emergency use approval for the first POC test for the diagnosis of COVID-19 in March 2020. A quick molecular test can be used in various patient-care environments in addition to high- and moderate-complexity laboratories.

Global POC Data Management Systems Market: Segmentation

POC tests can dramatically improve infectious disease control, mainly in developing nations where access to timely medical care is a struggle and health infrastructure is limited. Moreover, the use of new technology for the detection of infectious diseases is also fuelled by government funds and grants for the production of innovative products. These programs have promoted the affordability of these assessments for people in developing and underdeveloped countries. The growing number of clinics offering POC tests for the rapid transmission of infectious diseases in the coming years are projected to increase market development.

Point-of-Care (POC) Data Management Systems Market: Report Scope

Report Attributes Report Details
Report Name Point-of-Care (POC) Data Management Systems Market
Market Size in 2023 USD 3.06 Billion
Market Forecast in 2032 USD 17.26 Billion
Growth Rate CAGR of 21.2%
Number of Pages 110
Key Companies Covered Siemens Healthineers, Abbott Laboratories, HemoCue AB, Radiometer Medical ApS, Thermo Fisher Scientific, Inc., TELCOR, Inc., Randox Laboratories Ltd., Hedera Biomedics srl, Esaote SpA, and Seaward Electronic Ltd. among others.
Segments Covered By Component, By Disease, By End-User, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global POC Data Management Systems Market: Regional Analysis

By Geography, the POC data management systems market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.

North America and Europe accounted for large market shares in the global market and are predicted to gain market share by 2025. Well-established healthcare facilities, high budgets for healthcare infrastructure, a rise in the prevalence of lifestyle diseases and an increase in demand for preventive healthcare are factors driving the market in these regions. The demand for POC data management systems in Europe is expected to grow at a significant pace during the forecast period, due to the research conducted by the region to develop innovative products.

Asia Pacific is expected to grow a substantial rate, owing to the strong focus on the development of the healthcare sector in the region through beneficial laws for new technology and commercialization. Developing countries such as India and China will largely drive the market in the region due to an increased focus on medical research and studies. The market in the region will also gain traction due to the growing number of academic institutions, hospitals, and medical devices.

Global POC Data Management Systems Market: Competitive Players

The major players in the global POC data management systems market include

  • Siemens Healthineers
  • Abbott Laboratories
  • HemoCue AB
  • Radiometer Medical ApS
  • Thermo Fisher Scientific, Inc.
  • TELCOR, Inc.
  • Randox Laboratories Ltd.
  • Hedera Biomedics srl
  • Esaote SpA
  • Seaward Electronic Ltd. among others.

The report segment of global POC data management systems market are as follows:

By Component Segment Analysis

  • Services
  • Software

By Disease Segment Analysis

By End-User Segment Analysis

  • Hospital
  • Diagnostics Laboratories
  • Physicians Clinics

Global POC Data Management Systems Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Point-of-care innovations allow hospitals and clinics to spend more time and cash in technologies that help speed up the flow of patients through practice and streamline the daily workflow of nurses and doctors by reducing long waits. In response to the value change in healthcare and advances in technology, the demand for point-of-care testing is rising. 

According to Zion Market Research, the global Point-of-Care (POC) Data Management Systems Market was worth USD 3.06 Billion in 2023. The market is forecast to reach USD 17.26 Billion by 2032, growing at a compound annual growth rate (CAGR) of 21.2% during the forecast period 2024-2032.

North America and Europe accounted for large market shares in the global market and are predicted to gain market share by 2025. Well-established health care facilities, high budgets for health care infrastructure, a rise in the prevalence of lifestyle diseases and an increase in demand for preventive health care are factors driving the market in these regions. 

The major players in the global POC data management systems market include Siemens Healthineers, Abbott Laboratories, HemoCue AB, Radiometer Medical ApS, Thermo Fisher Scientific, Inc., TELCOR, Inc., Randox Laboratories Ltd., Hedera Biomedics srl, Esaote SpA, and Seaward Electronic Ltd. among others.
 

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

twitter

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed