Monday 17 August 2020

Global Emergency Department Information System Market Growing at a CAGR of 15.10% By Market Growth, Trends, Absolute Opportunity and Value Chain 2018 to 2023

 The global emergency department information system (EDIS) market is expected to grow at a robust 15.10% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global emergency department information system market is profiled in detail in the report, which provides readers with a comprehensive overview of the market’s leading players, leading drivers and restraints, as well as the microeconomic and macroeconomic factors working in the background to enable the emergency department information system market’s growth. A detailed projection for the emergency department information system market’s development till 2023 is provided in the report.

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Emergency department information systems are an offshoot of electronic healthcare records (EHR) specifically developed to make it easier for emergency departments to gain information on new patients quickly. In emergency departments, time is of the essence, as every second saved on preliminary procedures can end up being of major help in potentially saving the patient’s life. However, due to the fact that emergency departments may also serve patients who are not regulars at the respective hospital, emergency departments have to deal with the problem of not always being able to know the relevant details about incoming patients. This has been a major driver for the emergency department information system market over the last few years, as healthcare officials have acknowledged the importance of having patients’ factsheets ready when it comes to administering emergency treatments. Emergency department information systems allow emergency departments to pull patient information from other hospitals, enabling smooth knowledge transfer about pertinent issues ranging from the patient’s allergies to their language preferences.

The rising demand for data-driven decision making in the healthcare sector is likely to drive the emergency department information system market over the forecast period. The growing number of visits to emergency departments is also likely to convince hospitals to install emergency department information systems. On the other hand, high costs and unavailability of trained medical IT personnel may hamper the emergency department information system market’s growth in developing countries.

Competitive Analysis:

Leading players in the global emergency department information system market include Medhost, McKesson Corporation, Cerner, Epic Systems Corporation, and Meditech. Players in the global emergency department information system are likely to focus on the development of functional emergency department information systems that can work across platforms to retrieve the relevant information in cases of emergencies. The rising demand from hospitals for emergency department information systems is likely to drive significant product development efforts in the emergency department information system market over the forecast period.

In August 2019, St. Claire HealthCare in Kentucky installed a new emergency department information system.

Segmentation:

The global emergency department information system market is segmented on the basis of component, delivery mode, application, end use, and region.

By component, the global emergency department information system market is segmented into software, hardware, and services.

By delivery mode, the market is segmented into software as a service (SaaS) and on-premise EDIS. The SaaS segment held the largest share in the global emergency department information system market in 2017 and is likely to continue to dominate the market in the coming years due to the convenience of SaaS systems.

By application, the global emergency department information system market is bifurcated into clinical functionality and administrative functions. The clinical functionality segment is further sub-segmented into patient entry, tracking and triangulation, department-centered tracking, clinical documentation, computer provider order entry, result reporting, and discharge management.

By end use, the emergency department information system market is segmented into large hospitals, midsized hospitals, and small hospitals.

Regional Analysis:

The Americas holds the largest share in the global emergency department information system market, followed by Europe. Steady growth and technological development in the healthcare sector in these two regions have been conducive to steady growth of the emergency department information system market in these two regions, as hospitals have welcomed the installation of emergency department information systems.

Asia Pacific is likely to exhibit high potential in the coming years, with countries such as Japan and China dominating the regional market. The high volume of the patient demographic in Asia Pacific has presented the emergency department information system market with significant scope for growth.

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