Middle East and Africa Point-of-Care Data Management Software Market
No. of Pages: 115 | Report Code: TIPRE00022992 | Category: Technology, Media and Telecommunications
No. of Pages: 115 | Report Code: TIPRE00022992 | Category: Technology, Media and Telecommunications
Point-of-Care (POC) devices are described as medical diagnostic devices used for testing at or near the point of care, at time and place of patient care. The purpose of POCT is to provide immediate information to physicians about the patient's condition. Point-of-care data management software is a platform that is used in various locations in the hospital, in critical care settings such as the intensive care unit (ICU), the operating room (OR), and the emergency department (ED). It facilitates the patients' health data management and analysis.
Strategic insights for the Middle East and Africa Point-of-Care Data Management Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 25.7 Million |
| Market Size by 2027 | US$ 39.61 Million |
| Global CAGR (2020 - 2027) | 6.4% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Point-of-Care Data Management Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East and Africa point-of-care data management software market is expected to reach US$ 39.61 million by 2027 from US$ 25.7 million in 2020; it is estimated to grow with a CAGR of 6.4% from 2020 to 2027. 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.
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 Middle East and Africa point-of-care data management software market, based on application, is 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 would register the highest CAGR in the market during the forecast period.
The Middle East and Africa point-of-care data management software market, based on end user, is segmented into hospitals/critical care units, diagnostic centres, and clinics/outpatient. In 2019, the hospitals/critical care units segment held the largest share of the market. The market for the same segment is expected to grow at the fastest rate during the coming years.
A few of the primary and secondary sources referred to while preparing the report on the Middle East and Africa point-of-care data management software market are the Saudi Food and Drug Authority (SFDA), Diabetes Education Society of South Africa (DESSA) and National Health Insurance (NHI).
• Hematology
• Cardiometabolic Monitoring
• Infectious Disease Devices
• Coagulation Monitoring
• Cancer Markers
• Urinalysis
• Others
The Middle East and Africa Point-of-Care Data Management Software Market is valued at US$ 25.7 Million in 2020, it is projected to reach US$ 39.61 Million by 2027.
As per our report Middle East and Africa Point-of-Care Data Management Software Market, the market size is valued at US$ 25.7 Million in 2020, projecting it to reach US$ 39.61 Million by 2027. This translates to a CAGR of approximately 6.4% during the forecast period.
The Middle East and Africa Point-of-Care Data Management Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Point-of-Care Data Management Software Market report:
The Middle East and Africa Point-of-Care Data Management Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Point-of-Care Data Management Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Point-of-Care Data Management Software Market value chain can benefit from the information contained in a comprehensive market report.
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