The glucose monitoring product segment by application is estimated to lead the market growth during the forecast period.
According to this study, the Asia Pacific point-of-care data management software market is expected to reach US$ 193.01 million by 2027 from US$ 94.33 million in 2019; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027. The report highlights trends prevailing in the Asia Pacific point-of-care data management software market and the factors driving market along with those that act as hindrances.
The Asia Pacific point-of-care data management software market, based on application was segmented into infectious disease devices, glucose monitoring, coagulation monitoring, urinalysis, cardiometabolic monitoring, cancer markers, and hematology. In 2019, the glucose monitoring product segment held the largest share of the market, however, the cancer markers segment is registering the highest CAGR in the market during the forecast period. 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 has been negatively impacted due to the outbreak.
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.
Abbott, Siemens Healthineers AG, F. HOFFMANN-LA ROCHE LTD., Randox Laboratories Ltd, Radiometer Medical ApS, THERMO FISHER SCIENTIFIC INC., and Medical Information Technology, Inc. are among the leading companies operating in the Asia Pacific point-of-care data management software market.
The report segments in Asia Pacific point-of-care data management software market as follows:
By Application
By End User
By Country
The Asia Pacific point-of-care data management software market, based on application was segmented into infectious disease devices, glucose monitoring, coagulation monitoring, urinalysis, cardiometabolic monitoring, cancer markers, and hematology. In 2019, the glucose monitoring product segment held the largest share of the market, however, the cancer markers segment is registering the highest CAGR in the market during the forecast period. 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 has been negatively impacted due to the outbreak.
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.
Abbott, Siemens Healthineers AG, F. HOFFMANN-LA ROCHE LTD., Randox Laboratories Ltd, Radiometer Medical ApS, THERMO FISHER SCIENTIFIC INC., and Medical Information Technology, Inc. are among the leading companies operating in the Asia Pacific point-of-care data management software market.
The report segments in Asia Pacific point-of-care data management software market as follows:
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
Table of Contents
1. Introduction1.1 Scope of the Study
1.2 The Publisher's 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 Publisher
13.2 Glossary of TermsList 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 MarketList 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
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abbott
- Siemens Healthineers AG
- F. HOFFMANN-LA ROCHE LTD.
- Randox Laboratories Ltd
- Radiometer Medical ApS
- THERMO FISHER SCIENTIFIC INC.
- Medical Information Technology, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 129 |
| Published | June 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 102.28 Million |
| Forecasted Market Value ( USD | $ 193.01 Million |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Asia Pacific |
