The Asia Pacific point-of-care data management software market is expected to reach US$ 193.01 million by 2027 from US$ 102.28 million in 2020; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027.
The growth of the market is attributed to increasing initiatives for the adoption of electronic health records, and rising incidence of infectious diseases and lifestyle-related diseases. However, the high cost of point-of-care data management systems hinders the market growth.
Point-of-care (POC) data management software is a platform used in various critical care settings in the hospital, such as intensive care unit (ICU), operating room (OR), and emergency department (ED). It facilitates the patients' health data management and analysis. Initiatives taken by various organizations to transform the healthcare infrastructure, such as the Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009, are increasing the adoption of electronic health records (EHR) in healthcare facilities. Moreover, in 2015, the Centers for Medicare & Medicaid Services (CMS) and the Office of the National Coordinator for Health IT (ONC) supported the concept of electronic health records-meaningful use (EHR-MU). Meaningful use is attributed to ensure certified EHR technology, which provides the efficient electronic exchange of health information, thus improving the quality of care. Additionally, as healthcare data analytics is more commonly used to support patient-centred care and population health management, it is essential to have POCT results electronically integrated to include results tracking metrics and key performance indicators. Additionally, according to the Japanese Nursing Association survey, from September to October in 2019, around 63% of the hospitals in Japan implemented the system of EHR. The government in the country has been promoting the system's use since the beginning of the 2000s. Hence, rising government initiatives and rapid diagnosis of clinical conditions through point-of-care testing (POCT) support the growth of the market. Moreover, factors such as the increasing number of contagious diseases, rising incidence of lifestyle-related diseases (cardiac diseases and diabetes), growing demand for quick services, and surging technological advancements drive the need for POC data management software.
Countries in Asia Pacific are facing challenges due to increasing incidence of COVID-19. However, the outbreak has severely affected the medical devices and software industry and disrupted supply chain. Moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure. Restrictive measures have been put forth in South Korea, Malaysia, Singapore, the Philippines, and India to prevent disease transmission. However, in this scenario, patients receiving treatment for cancer, diabetic, or cardiology are not being treated on priority. Apart from overall health system, the point-of-care data management software market has been negatively impacted due to the outbreak.
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ASIA PACIFIC POINT-OF-CARE DATA MANAGEMENT SOFTWARE MARKET SEGMENTATION
By Application
•
Glucose Monitoring• Hematology
• Cardiometabolic Monitoring
• Infectious Disease Devices
• Coagulation Monitoring
• Cancer Markers
• Urinalysis
• Others
By End User
- Hospitals/Critical Care Units
- Diagnostic Centers
- Clinics/Outpatient
By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Company Profiles
- Abbott
- Siemens Healthineers AG
- F. HOFFMANN-LA ROCHE LTD.
- Randox Laboratories Ltd
- Radiometer Medical ApS
- THERMO FISHER SCIENTIFIC INC.
- Medical Information Technology, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Point-of-Care Data Management Software Market – By Application
1.3.2 Asia Pacific Point-of-Care Data Management Software Market – By End User
1.3.3 Asia Pacific Point-of-Care Data Management Software Market – By Country
2. Point-of-Care Data Management Software Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Point-of-Care Data Management Software Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific – PEST Analysis
4.3 Expert Opinions
5. Asia Pacific Point of Care Data Management Software Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidences of Infectious- and Lifestyle-Related Diseases
5.1.2 Product Launches and Product Developments
5.2 Market Restraints
5.2.1 Operating Challenges
5.2.2 Product Recalls
5.3 Future Trend
5.3.1 Initiatives for Adoption of Electronic Health Records
5.4 Impact Analysis
6. Point-of-Care Data Management Software Market – Asia Pacific Analysis
6.1 Asia Pacific Point-of-Care Data Management Software Market Revenue Forecast and Analysis
7. Point-of-Care Data Management Software Market Analysis– by Application
7.1 Overview
7.2 Global Point-of-Care Data Management Software Market, By Application 2019& 2027 (%)
7.3 Glucose Monitoring
7.3.1 Overview
7.3.2 Point-of-Care Data Management Software: Glucose Monitoring Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Infectious Disease Devices
7.4.1 Overview
7.4.2 Point-of-Care Data Management Software: Infectious Disease Devices Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Cardiometabolic Monitoring
7.5.1 Overview
7.5.2 Point-of-Care Data Management Software: Cardiometabolic Monitoring Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Coagulation Monitoring
7.6.1 Overview
7.6.2 Point-of-Care Data Management Software: Coagulation Monitoring Market Revenue and Forecasts to 2027 (US$ Mn)
7.7 Cancer Marker
7.7.1 Overview
7.7.2 Point-of-Care Data Management Software: Cancer Marker Market Revenue and Forecasts to 2027 (US$ Mn)
7.8 Urinalysis
7.8.1 Overview
7.8.2 Point-of-Care Data Management Software: Urinalysis Market Revenue and Forecasts to 2027 (US$ Mn)
7.9 Hematology
7.9.1 Overview
7.9.2 Point-of-Care Data Management Software: Hematology Market Revenue and Forecasts to 2027 (US$ Mn)
7.10 Others
7.10.1 Overview
7.10.2 Point-of-Care Data Management Software: Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. Point-of-Care Data Management Software Market Analysis– by End User
8.1 Overview
8.2 Asia Pacific Point-of-Care Data Management Software Market, By End User 2019 & 2027 (%)
8.3 Diagnostic Centers
8.3.1 Overview
8.3.2 Point-of-Care Data Management Software: Diagnostic Centers Revenue and Forecasts to 2027 (US$ Mn)
8.4 Hospitals/Critical Care Units
8.4.1 Overview
8.4.2 Point-of-Care Data Management Software: Hospitals/Critical Care Unit Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Clinics/Outpatient
8.5.1 Overview
8.5.2 Point-of-Care Data Management Software: Clinics/Outpatient Market Revenue and Forecasts to 2027 (US$ Mn)
9. Point-of-Care Data Management Software Market – Asia Pacific Analysis
9.1 Asia Pacific: Point-of-Care Data Management Software Market
9.1.1 Overview
9.1.2 Asia Pacific: Point-of-Care Data Management Software Market, By Country 2019 & 2027 (%)
9.1.3 Japan: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.3.1 Japan Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.3.2 Japan: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
9.1.3.3 Japan: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
9.1.4 China: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.4.1 China Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.4.2 China: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
9.1.4.3 China: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
9.1.5 India: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.5.1 India: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.5.2 India: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
9.1.5.3 India: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
9.1.6 South Korea: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.6.1 South Korea: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.6.2 South Korea Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
9.1.6.3 South Korea Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
9.1.7 Australia: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.7.1 Australia: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.7.2 Australia: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
9.1.7.3 Australia: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
9.1.8 Rest of Asia Pacific: Point-of-Care Data Management Software Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 Rest of Asia Pacific: Point-of-Care Data Management Software Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.2 Rest of Asia Pacific: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
9.1.8.3 Rest of Asia Pacific: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
10. Impact of COVID-19 Pandemic on Point-of-Care Data Management Software Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. COMPANY PROFILES
12.1 Abbott
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Siemens Healthineers AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 F. HOFFMANN-LA ROCHE LTD.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Randox Laboratories Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Radiometer Medical ApS
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 THERMO FISHER SCIENTIFIC INC.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Medical Information Technology, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Japan: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 2. Japan: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
Table 3. China: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 4. China Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
Table 5. India: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 6. India: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
Table 7. South Korea Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 8. South Korea Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
Table 9. Australia: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 10. Australia: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
Table 11. Rest of Asia Pacific: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 12. Rest of Asia Pacific: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027, By End User (US$ Mn)
Table 13. Organic Developments Done by Companies
Table 14. Inorganic Developments Done by Companies
Table 15. Glossary of Terms, Point-Of-Care Data Management Software Market
LIST OF FIGURES
Figure 1. Point-of-Care Data Management Software Market Segmentation
Figure 2. Point-of-Care Data Management Software Market, By Country
Figure 3. Asia Pacific Point-of-Care Data Management Software Market Overview
Figure 4. Glucose Monitoring Segment Held Largest Share of Application Segment in Point-of-Care Data Management Software Market
Figure 5. Asia Pacific Point-of-Care Data Management Software Market- Leading Country Markets (USD Million)
Figure 6. Asia Pacific PEST Analysis
Figure 7. Impact Analysis of Driver and Restraints Pertaining to Point-of-Care Data Management Software Market
Figure 8. Asia Pacific Point-of-Care Data Management Software Market – Revenue Forecast and Analysis – 2019- 2027
Figure 9. Global Point-of-Care Data Management Software Market, by Application 2019 & 2027 (%)
Figure 10. Point-of-Care Data Management Software: Glucose Monitoring Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Point-of-Care Data Management Software: Infectious Disease Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Point-of-Care Data Management Software: Cardiometabolic Monitoring Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Point-of-Care Data Management Software: Coagulation Monitoring Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Point-of-Care Data Management Software: Cancer Marker Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Point-of-Care Data Management Software: Urinalysis Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Point-of-Care Data Management Software: Hematology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Point-of-Care Data Management Software: Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Asia Pacific Point-of-Care Data Management Software Market, by End User 2019 & 2027 (%)
Figure 19. Point-of-Care Data Management Software: Diagnostic Centers Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Point-of-Care Data Management Software: Hospitals/Critical Care Units Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Point-of-Care Data Management Software: Clinics/Outpatient Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Asia Pacific: Point-of-Care Data Management Software Market, by Key Country – Revenue (2019) (USD Million)
Figure 23. Asia Pacific Point-of-Care Data Management Software Market by Country 2019 & 2027 (%)
Figure 24. Japan Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. China Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. India: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. South Korea: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Australia: Point-of-Care Data Management Software Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Rest of Asia Pacific: Pulse Oximeters Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. Impact of COVID-19 Pandemic on Nucleic Acid Amplification, Detection and Diagnostics Market in Asia Pacific Countries
- Abbott
- Siemens Healthineers AG
- F. HOFFMANN-LA ROCHE LTD.
- Randox Laboratories Ltd
- Radiometer Medical ApS
- THERMO FISHER SCIENTIFIC INC.
- Medical Information Technology, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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