South and Central America Point-of-Care Data Management Software Market

Market Introduction

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.

South and Central America Point-of-Care Data Management Software Strategic Insights

Strategic insights for the South and Central America 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.

South and Central America Point-of-Care Data Management Software Report Scope

South and Central America Point-of-Care Data Management Software Regional Insights

The geographic scope of the South and Central America 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 South and Central America point-of-care data management software market is expected to reach US$ 27.12 million in 2027 from US$ 17.24 million in 2020; it is estimated to grow at a CAGR of 6.7% 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. Factors such as the increasing number of contagious diseases; rising incidence of lifestyle-related diseases, such as cardiac diseases and diabetes; and growing demand for quick services drive the need for POC data management software. For instance, according to International Diabetes Federation in 2019, ~ 463 million adults (20–79 years) are suffering from diabetes; by 2045 the count will rise to 700 million across the globe. Moreover, the increasing incidence of infectious diseases, such as HIV, is another major public health issue. Thus, the factors mentioned above are likely to boost the growth of the market during the forecast period. Also, the growth of the South and Central America 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. Such advancements in newly launched devices would propel the overall market growth during the forecast period.

South and Central America is facing significantly challenging situation due to COVID-19 pandemic. Hence, the demand for devices such as glucose monitoring, coagulation monitoring, urinalysis, cardiometabolic monitoring, cancer markers, and hematology has been affected. However, in some emergency, governments are taking measures to help patients, as in-person doctor’s appointments are being now conducted over phone call or video consultation. Additionally, a few countries across South and Central America are limiting the sales/purchase of software as a device in response to COVID-19 to maintain supply and counteract stockpiling/panic buying. Thus, the above-mentioned factors are likely to hamper the growth of the point-of-care data management software market in South and Central America.

Key Market Segments

The South and Central America 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 South and Central America 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.

Major Sources and Companies Listed

A few of the primary and secondary sources referred to while preparing the report on the South and Central America point-of-care data management software market are the Centers for Disease Control and Prevention (CDC), International Society for Human and Animal Mycology (ISHAM) and Revista Brasileira de Cancerologia (RBC).

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SOUTH AND CENTRAL AMERICA POINT-OF-CARE DATA MANAGEMENT SOFTWARE MARKET SEGMENTATION

By Application

•  

•   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

• Brazil
• Argentina
• Rest of South and Central America

Company Profiles

• Abbott
• Siemens Healthineers AG
• F. HOFFMANN-LA ROCHE LTD.
• Randox Laboratories Ltd
• Radiometer Medical ApS
• THERMO FISHER SCIENTIFIC INC.