The Global Point of Care Data Management Software Market is projected to reach $1477.91 billion by 2028, from a value of $669.78 billion in 2022, by registering a CAGR of 14.1% during the forecast period. Rising adoption of POC devices by hospitals and laboratories, increasing healthcare infrastructure budgets, and government initiatives for promoting the deployment of POC Testing are the major factors propelling the growth of the market. However, high deployment costs and operational challenges are hampering the market growth. Moreover, technological advancements and decentralized healthcare are creating ample opportunities across the globe.
Recent Developments
In Jan 2022, F. Hoffmann-la Roche Ltd. launched Cobas Pulse System in select countries accepting the CE Mark. This is Roche Diagnostics newest generation of connected point-of-care solutions for professional blood glucose management.
In Oct 2021, Thermo Fisher Scientific Inc. announced that it received Emergency Use Authorization (EUA) from the FDA to run COVID-19 tests from new saliva sample collection method with the Spectrum Solutions SpectrumDNA SDNA-1000 collection device, a high-throughput, automated COVID-19 testing system on the Amplitude Solution.
In March 2020, Siemens Healthineers AG partnered with and Marienhaus Hospital Group. Siemens Healthineers is planning for a digital strategy to interconnect 18 hospitals with Marienhaus to streamline clinical processes. The alliance may provide for the replacement and management of around 130 medical imaging devices at the German states of North Rhin.
In March 2020, Abbott introduced the molecular point-of-care test “ID NOW” COVID-19 test that brings rapid testing to the front lines. These tests run on Abbott’s point-of-care ID NOW platform, a portable instrument, and provide fast results in a massive range of healthcare settings, such as in the physicians’ offices, urgent care clinics, and hospital emergency departments.
Competitive Landscape
Thermo Fisher Scientific Inc., Danaher Company, Siemens Healthineers AG, Hedera, Biomedics srl, Randox Laboratories Ltd., Orchard Software Corporation, Medical Information Technology, Inc., HemoCue AB, Radiometer Medical ApS, F. Hoffmann-la Roche Ltd., Esaote SpA, DataLink Software, LLC., Seaward Electronic Ltd, Becton, Dickinson and Company, Abbott and Telcor Inc. are some of the major players in the global Point of Care Data Management Software market.
