The glucose monitoring product segment by application is estimated to lead the market growth during the forecast period.
According to this study, the Middle East and Africa point-of-care data management software market is expected to reach US$ 39.61 million by 2027 from US$ 24.35 million in 2019; it is estimated to grow with a CAGR of 6.4% from 2020 to 2027. The report highlights trends prevailing in the Middle East and Africa point-of-care data management software market and the factors driving market along with those that act as hindrances.
The Middle East and Africa 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.
Point-of-care (POC) data management software facilitates the patients' health data management and analysis. Also, the growth of the Middle East and Africa point-of-care data management software market is likely to proceed with the help of the introduction of new products into the market, which aim to deliver inexpensive care at the facilities located at the closest-possible distances from the patients’ location. New technologies or products are being refined and improved to deliver easier-to-use devices with incremental improvements in analytical performance. Moreover, the market growth is attributed to the increasing strategies such as product innovations, mergers, and acquisitions by the key players to expand their reach and stay competitive in the market. For instance, in March 2020, Siemens Healthineers and Marienhaus Hospital Group entered in a partnership, with an option to extend for an additional five years. Siemens Healthineers has planned for a digital strategy to interconnect 18 hospitals with Marienhaus to streamline clinical processes. Such advancements in newly launched devices would propel the overall market growth during the forecast period.
The COVID-19 outbreak has shown substantial effects in Middle East and Africa. The pandemic has adversely affected the new software launch activities in countries across the region. Apart from this, a huge population already faced a growing burden of noncommunicable diseases, making them more vulnerable to the novel coronavirus. Moreover, South Africa reported rapid rise in the number of COVID-19 confirmed cases along with other nations across the world. Currently, the country recorded more than 16 lakh positive cases and around 56,363 deaths. Thus, the manufacturers in the country are not able to take organic or inorganic initiative for the point-of-care data management software market growth. Thus, the factor is likely to hamper the partial growth of the market.
The growth of the market is attributed to the increasing incidence of infectious diseases and lifestyle-related diseases, and rising product launches and development for data management. However, the high cost of point-of-care data management systems hinders 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, and THERMO FISHER SCIENTIFIC INC., are among the leading companies operating in the Middle East and Africa point-of-care data management software market.
The report segments in Middle East and Africa point-of-care data management software market as follows:
By Application
By End User
By Country
The Middle East and Africa 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.
Point-of-care (POC) data management software facilitates the patients' health data management and analysis. Also, the growth of the Middle East and Africa point-of-care data management software market is likely to proceed with the help of the introduction of new products into the market, which aim to deliver inexpensive care at the facilities located at the closest-possible distances from the patients’ location. New technologies or products are being refined and improved to deliver easier-to-use devices with incremental improvements in analytical performance. Moreover, the market growth is attributed to the increasing strategies such as product innovations, mergers, and acquisitions by the key players to expand their reach and stay competitive in the market. For instance, in March 2020, Siemens Healthineers and Marienhaus Hospital Group entered in a partnership, with an option to extend for an additional five years. Siemens Healthineers has planned for a digital strategy to interconnect 18 hospitals with Marienhaus to streamline clinical processes. Such advancements in newly launched devices would propel the overall market growth during the forecast period.
The COVID-19 outbreak has shown substantial effects in Middle East and Africa. The pandemic has adversely affected the new software launch activities in countries across the region. Apart from this, a huge population already faced a growing burden of noncommunicable diseases, making them more vulnerable to the novel coronavirus. Moreover, South Africa reported rapid rise in the number of COVID-19 confirmed cases along with other nations across the world. Currently, the country recorded more than 16 lakh positive cases and around 56,363 deaths. Thus, the manufacturers in the country are not able to take organic or inorganic initiative for the point-of-care data management software market growth. Thus, the factor is likely to hamper the partial growth of the market.
The growth of the market is attributed to the increasing incidence of infectious diseases and lifestyle-related diseases, and rising product launches and development for data management. However, the high cost of point-of-care data management systems hinders 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, and THERMO FISHER SCIENTIFIC INC., are among the leading companies operating in the Middle East and Africa point-of-care data management software market.
The report segments in Middle East and Africa 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
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
Table of Contents
1. Introduction
3. Research Methodology
4. Middle East and Africa Point-of-Care Data Management Software Market- Market Landscape
5. Point of Care Data Management Software Market - Key Industry Dynamics
6. Point-of-Care Data Management Software Market - Middle East and Africa Analysis
7. Point-of-Care Data Management Software Market Analysis- by Application
8. Point-of-Care Data Management Software Market Analysis- by End User
9. Point-of-Care Data Management Software Market - Middle East and Africa Analysis
10. Impact of COVID-19 Pandemic on Point-of-Care Data Management Software Market
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 115 |
| Published | June 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 25.7 Million |
| Forecasted Market Value ( USD | $ 39.61 Million |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Africa, Middle East |
