North America Point Of Care Connectivity Solutions Market Size, Share & Trends Analysis Report By Type (Software and Services), By End Use, By Application, By Country and Growth Forecast, 2024 - 2031
The North America Point Of Care Connectivity Solutions Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Point Of Care Connectivity Solutions Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $389.5 million by 2031. The Canada market is experiencing a CAGR of 8.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.9% during (2024 - 2031).
Point-of-care connectivity solutions (PoCCS) have become essential to contemporary healthcare systems, offering innovative methods to increase patient care and optimize clinical workflows. PoCCS enables seamless integration between diagnostic devices and electronic health records (EHR). This integration allows healthcare providers to automatically upload test results from devices like glucometers or blood pressure monitors directly into the patient’s medical record, reducing manual entry errors and improving data accuracy.
These solutions facilitate structured chronic disease management programs by enabling regular monitoring of patients with conditions like diabetes, COPD, or heart disease. Patients can use connected devices to share their health data in real time with their care teams, allowing for timely adjustments to their treatment plans. PoCCS provides first responders immediate access to a patient’s medical history, allergies, and medication lists in emergency settings. This critical information can significantly enhance the quality of care delivered in life-threatening situations, ensuring appropriate and rapid interventions.
The high levels of public expenditure on health signal a commitment to improving healthcare infrastructure and services. As the Canadian government allocates more resources to healthcare, hospitals, and healthcare facilities are more likely to invest in advanced technologies, including POC connectivity solutions. These solutions enable real-time data exchange between point-of-care devices and electronic health records (EHRs), facilitating timely clinical decision-making and improving patient outcomes. The demand for innovative connectivity solutions is expected to grow as healthcare facilities aim to enhance operational efficiency and patient care quality.
The increase in healthcare spending fosters innovation in the healthcare sector. POC connectivity solutions are at the forefront of this innovation, driving the development of new technologies and methodologies that improve patient care. Increased funding encourages research and development in this area, leading to continuous advancements and improvements in healthcare delivery. The increase in healthcare spending facilitates the implementation of technologies that streamline clinical workflows. This allows healthcare professionals to focus more on patient care and less on paperwork. Hence, high healthcare spending in the region is driving the market's growth.
Based on Type, the market is segmented into Software and Services. Based on End Use, the market is segmented into Hospitals, Diagnostic Centers, Specialty Centers, Outpatient Facilities, and Other End Use. Based on Application, the market is segmented into Hematology, Glucose Monitoring, Coagulation Monitoring, Electrolyte and Blood Gas Analysis, Infectious Disease Devices, Cardio Metabolic Monitoring, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- F. Hoffmann-La Roche Ltd.
- Siemens Healthineers AG (Siemens AG)
- Abbott Laboratories
- GE HealthCare Technologies, Inc.
- Masimo Corporation
- Medtronic PLC
- Oracle Corporation
- Koninklijke Philips N.V.
- Honeywell International, Inc.
- EKF Diagnostics Holdings plc
North America Point Of Care Connectivity Solutions Market Report Segmentation
By Type
By End Use
- Hospitals
- Diagnostic Centers
- Specialty Centers
- Outpatient Facilities
- Other End Use
By Application
- Hematology
- Glucose Monitoring
- Coagulation Monitoring
- Electrolyte and Blood Gas Analysis
- Infectious Disease Devices
- Cardio Metabolic Monitoring
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America