Report : Point-of-Care Data Management Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Application ( Infectious Disease Devices, Glucose Monitoring, Coagulation Monitoring, Urinalysis, Cardiometabolic Monitoring, Cancer Markers, Hematology, and Others); End User ( Hospitals/Critical Care Units, Diagnostic Centers, Clinics/Outpatient ), and Geography
Cancer Markers Segment to Register Higher CAGR During 2020–2027
According to our latest study on “Point-Of-Care Data Management Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Application, and End User,” the market was valued at US$ 446.54 million in 2019 and it is projected to reach US$ 855.54 million by 2027; it is expected to grow at a CAGR of 8.6% during 2020–2027. The report highlights trends prevailing in the global point-of-care data management software market, and the factors driving and restraining the market growth.
Based on application, the global point-of-care data management software market is bifurcated into infectious disease devices, glucose monitoring, coagulation monitoring, urinalysis, cardiometabolic monitoring, cancer markers, and hematology. The glucose monitoring segment held a larger share of the market in 2019. Whereas, the cancer markers segment is anticipated to register a higher CAGR in the market during the forecast period. The large share of this segment is attributed to factors such as the significant adoption of new technologies among researchers and academia technological advancements, growing diabetic patient population base. Moreover, presence of the various market players that are offering various products and rise in the technological advancement will further offer lucrative opportunities in the study period.
The market is primarily driven by increase in adoption of POC devices by hospitals and laboratories. Increase in geriatric population, high incidence of chronic as well as infectious diseases, and rise in awareness among people about preventive health care has led to high demand for point of care testing devices across the world. However, operating challenges along with product recalls might hinder the market growth. Abbott, Siemens Healthineers AG, Telcor Inc., F. Hoffmann-la Roche Ltd., Orchard Software Corporation, Randox Laboratories Ltd., DataLink Software, LLC.,Radiometer Medical ApS, Thermo Fisher Scientific Inc., Medical Information Technology, Inc., and others.are among the major companies operating in the market.
The report segments global point-of-care data management software market as follows:
By End User