Point Of Care (Poc) Data Management Systems Market Presents Lucrative Opportunities Owing To Increased Adoption Of Mobile Health
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| Point of Care (PoC) Data Management Systems Market |
The point of care (PoC) data management systems market allows clinicians to seamlessly access health records at the point of care delivery. PoC data management systems enable easy collection, management and interpretation of patient information during consultation. They facilitate electronic data exchange and immediate access to diagnostics results and patient history during physician-patient encounters. This brings convenience for both practitioners and patients while also increasing efficiency of healthcare delivery.
The Global PoC Data Management Systems Market is estimated
to be valued at US$ 86.17 Mn in 2024
and is expected to exhibit a CAGR of 12%
over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the PoC data management systems market include Amazon,
Walmart, Ebay, Macys, Gap, Nike, Target, Nordstrom, JCPenney, Kohls, Wayfair,
Best Buy, Home Depot, Sephora, Ulta Beauty, Forever 21, H&M, Zara, Urban
Outfitters, and ASOS. PoC vendors are increasingly focusing on telehealth and
mobile health technologies to facilitate remote patient monitoring. This is
expected to open up lucrative growth avenues. Moreover, growing deployment of
EHR solutions across hospitals and clinics in developed regions is projected to
boost adoption of integrated PoC data management systems. Rising healthcare
expenditure along with initiatives for digital transformation of healthcare
infrastructure in developing nations will further provide impetus to global
expansion of PoC data management system providers.
Market Drivers
Growing use of point-of-care testing devices for quick diagnosis of medical
conditions is a key factor driving demand for integrated PoC data management
systems. Increasing investments by governments and healthcare providers to
implement telehealth and mobile health solutions also promotes adoption.
Market Restrain
High costs associated with deployment and maintenance of PoC data
management systems limits their widespread adoption, especially in price
sensitive developing markets. Interoperability issues with legacy systems of
some hospitals and clinics also pose challenges. Additional factors such as
lack of skilled IT professionals and data security concerns impede market
growth to some extent.
Segment Analysis
The Point
Of Care (Poc) Data Management Systems Market Demand is dominated by the
software sub segment. As hospitals and diagnostic centers are increasingly
adopting cloud based software solutions for collecting, managing and analyzing
patient data at the point of care. Software solutions enable centralized data
management across diverse departments within the healthcare organization as
well as provide real time access and sharing of patient health records among
providers and stakeholders for improved clinical decision making and outcomes.
Global Analysis
North America region dominates the Point of Care (PoC) Data Management Systems
market currently. This is owing to growing prevalence of lifestyle diseases,
rapid development of healthcare infrastructure including increasing number of
hospitals and diagnostic centers along with rising healthcare expenditure and
healthcare IT adoption in the US and Canada. The presence of key market players
in the region further contributes to its large market share. Asia Pacific
region is expected to witness the fastest growth during the forecast period
owing to rising medical tourism, growing geriatric population, increasing
investments by governments and private players in developing healthcare
facilities in countries like China, India and Japan. Factors such as improving
accessibility and affordability of healthcare along with rising health
awareness would further support the market growth in the region.
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