Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Mounting challenges in using POC testing devices which includes managing training, certification and enabling secure access for thousands of operators will escalate demand for POC informatics. It helps in enforcing quality control and compliance along with accreditation requirement in the healthcare systems. Manufacturers are focusing on providing integrated IT solutions for patient record management along with remote access for customer support and services will have positive impact on market size.
Growing healthcare expenditure along with rising population has led to building technology drive healthcare infrastructure which will have positive impact on POC informatics. Stringent regulatory standards regarding compliance of POC testing which requires proper operator training and quality certifications for the reports and results has led to incorporation of POC informatics, thus accelerating industry growth. POC informatics helps in managing effective workflow and operations with minimal staff requirement, where it takes care of the data entry, billing and connectivity, thus driving industry growth.
The report analyses the global point of care informatics market based on product, component, deployment model, end-user and geography
Various product studied are segmented into cardio metabolic monitoring products, cholesterol testing products, coagulation monitoring products, drugs-of-abuse testing products, fecal occult testing products, glucose monitoring products, haematology testing products, infectious disease testing products, pregnancy & fertility testing products, tumor/cancer marker testing products, urinalysis testing products.
Various components studied in this report are software and services. Availability of technology driven software for data management and connectivity which helps to manage dozens of sites, hundreds of services and thousands of operation will further drive market growth.
The deployment model studied in the report includes on premise, cloud based, remotely hosted. Increasing budgetary allotment in the hospitals for IT infrastructure development to achieve control over data base management at source along with optimal data security and integration will accelerate on premise deployment model industry growth. Growing penetration of cloud based informatics in medical sector pertaining to cost saving in operations will drive its demand in POC informatics.
Furthermore, the end user includes clinical laboratories and outpatient healthcare & ambulatory care settings, hospitals/critical care centres, other end users. Clinical laboratories and outpatient healthcare & ambulatory care settings accounted for the largest share in POC informatics. Growing laboratory automation owing to laboratory staff shortage will escalate demand for POC informatics. Rising need for regulatory compliance of these devices will further promote POC informatics demand in this sector.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. North America driven by U.S. dominates the point of care informatics market and is projected to witness significant gains in coming years. Presence of major players in these regions which are continuously focusing on product innovation for improved patient care along with healthcare IT infrastructure development in compliance with regulatory approvals will escalate regional industry growth. Asia Pacific led by India and China is the fastest growing region witnessing strong growth. Growing population supported by prevalence of metabolic and infectious diseases has led to increasing usage of POC testing, thus promoting POC informatics demand.
The key players in the Point of Care Informatics market share are Abbott Informatics, Autoscribe Informatics, Becton, Dickinson, and Company (BD),Chembio Diagnostics, Danaher Corporation, Esaote SpA, Hedera Biomedics srl, Hoffmann-La Roche Ltd., Orchard Software Corporation, Randox Laboratories Ltd., Seaward Electronic Ltd.,Sekisui Diagnostics, Siemens Medical Solutions and Thermo Fisher Scientific Inc. Product innovation, technological development, improved customer services and data managements, partnerships and expansion are key business strategies adopted by the major players in the market.
The report analyses the global point of care informatics market based on product, component, deployment model, end-user and geography. Various product studied are segmented into cardio metabolic monitoring products, cholesterol testing products, coagulation monitoring products, drugs-of-abuse testing products, fecal occult testing products, glucose monitoring products, haematology testing products, infectious disease testing products, pregnancy & fertility testing products, tumor/cancer marker testing products, urinalysis testing products. The deployment model studied in the report includes on premise, cloud based, remotely hosted. Various components studied in this report are software, services. Furthermore, the end user includes clinical laboratories and outpatient healthcare & ambulatory care settings, hospitals/critical care centres, other end users
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
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