global connected healthcare market share, Trends and Demand

 Market Highlights

The Connected Healthcare Market Size has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. Continuous increase in lifestyle disease has led to the development of personalized healthcare solutions is boosting the revenues per year.

Taste the market data and market information presented through more than 142 market data tables and figures spread over 152 numbers of pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “The Global Connected Healthcare Market Research Report - Forecast to 2022”.

Global Connected Healthcare Market:

Connected health is a new model for healthcare delivery which deliver healthcare services remotely. Connected healthcare creates an environment where patients are treated in the best location, by the best person, using the most relevant and efficient methods and cut down on waste and reduces system costs even though improving patient quality of life. It allows societies to maintain personalized healthcare in a climate of reducing resources and increasing demand. It enables genuine patient focus in the most efficient way possible.

The major participants of this market are Agamatrix, Inc. (US), Airstrip Technology (US), AliveCor Inc. (Australia), Allscripts (US), Athenahealth Inc. (US), Boston Scientific Corporation (US), Cerner (US), Koninklijke Philips N.V. (Netherlands), GE healthcare (UK), Qualcomm (US), Medtronics (Ireland) and others.

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Market Research Analysis:

In recent years, due to the rise in connected healthcare applications has helped in driving the growth of the market. In the coming years, it is expected that the global connected healthcare market will advance with higher growth rate as compared to previous years.

List of Tables:

TABLE 1 GLOBAL CONNECTED HEALTHCARE MARKET, BY TYPE, 2013–2022 (USD MILLION) 32

TABLE 2 M-HEALTH SERVICES MARKET, BY REGION, 2013–2022 (USD MILLION) 33

TABLE 3 M-HEALTH DEVICES MARKET, BY REGION, 2013–2022 (USD MILLION) 37

TABLE 4 MEDICAL DEVICES MARKET, BY REGION, 2013–2022 (USD MILLION) 38

TABLE 5 WEARABLE DEVICES MARKET, BY REGION, 2013–2022 (USD MILLION) 42

TABLE 6 CONNECTED DRUG DELIVERY SYSTEMS MARKET, BY REGION, 2013–2022 (USD MILLION) 46

TABLE 7 E-PRESCRIPTION MARKET, BY REGION, 2013–2022 (USD MILLION) 49

TABLE 8 GLOBAL CONNECTED HEALTHCARE MARKET VALUE, BY APPLICATION, 2013–2022 (USDMILLION) 52

TABLE 9 MONITORING APPLICATIONS MARKET, BY REGION, 2013–2022 (USDMILLION) 53

TABLE 10 DIAGNOSIS & TREATMENTS MARKET, BY REGION, 2013–2022 (USDMILLION) 54

TABLE 11 EDUCATION & AWARENESSS MARKET, BY REGION, 2013–2022 (USD MILLION) 55

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Cardiovascular Application Market Size, Trends, Global Analysis by Top Leaders

 Market Overview:

Rapid advancement in technology is aiding the healthcare sector for the development of high-tech medical devices that can be used to ensure proper functioning of vital organs. Cardiovascular application includes the use of synthetic materials and advanced medical devices to help control abnormal functioning of the heart. Market Research Future (MRFR) has published a report stating that the global cardiovascular application market is market to expand at a notable CAGR of 7.24% during the forecast period of 2014-2023 and reach the valuation of USD 36730.5 Mn by the end of 2023.

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Market Drivers and Restraints:

Increasing prevalence of cardiovascular diseases caused due to changing lifestyle and rapid rise in geriatric population are inducing high demand for advanced medical devices, resulting in the significant expansion of the global cardiovascular application market. The introduction of upgraded versions of pacemakers that can be integrated with smartphones to keep a real-time check on the functioning of the heart is impacting positively on the growth of the global cardiovascular application market. However, lack of awareness regarding advanced medical devices, high cost of treatment and medical devices and poor healthcare facilities in the underdeveloped regions are likely to pose potential threat for the growth of the global cardiovascular application market during the forecast period.

Regional Analysis:

Geographically, the global cardiovascular application market has been segmented into four major regions such as the Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas account for a major market share in the global cardiovascular application market owing to the rapid development of advanced medical devices in the well-developed healthcare sector of this region and increasing incidences suffering from cardiovascular disorders as a result of changing lifestyle. 

The cardiovascular application market in the Europe region is expanding at a noteworthy growth rate due to rise in prevalence of diabetes and cardiovascular diseases and high healthcare expenditure by the population in this region. The Asia Pacific region is projecting fastest growth in the global cardiovascular application market due to the increasing government support for development of affordable treatments and rise in adoption of advanced cardiovascular devices in the emerging economies in this region. The cardiovascular application market is projecting slow growth in the Middle East and Africa region due to the unavailability of proper health care services in the underdeveloped areas of this region.

Market Segmentation:

The global cardiovascular application market share has been segmented on the basis of devices and end users. Based on devices, the cardiovascular application market has been segmented into cardiac pacemaker, cardiac defibrillators, cardiac monitors, and others. The cardiac monitors segment is sub-segmented into resting ECG, ECG monitors, holter monitors, implantable loop recorder, and others. The cardiac defibrillator segment is sub-segmented into implantable cardioverter defibrillator and external defibrillator. The cardiac pacemaker segment is sub-segmented into implantable cardiac pacemaker and external cardiac pacemaker. The implantable cardiac pacemaker sub-segment includes single-chamber pacemakers, dual-chamber pacemakers, and biventricular pacemakers. 

Based on end users, the cardiovascular application market is segmented into cardiac care centers, ambulatory centers & home care, academic institutes, and others. 

 Industry Updates:

In September 2018, researchers from Duke Clinical Research Institute have collaborated with Cerner, a developer of healthcare solution for the creation of web-based risk calculator application to assist doctors in calculating their patients' risk for atherosclerotic cardiovascular disease (ASCVD).

In September 2018, St. Jude Medical has launched a new diagnosis device named Confirm Loop Recorder. This device is implanted in the body at an angle near the heart in order to monitor abnormal heartbeats in patients with cardiovascular disorders.

In June 2018, a team of cardiologist from Mediclinic Panorama, Cape town have successfully implanted a latest pacemaker technology in an 84-year-old patient. This pacemaker, named 'His Bundle Pacing' (HBP), aids the patient in regaining synchronous contraction of both ventricles like a normal heart, unlike traditional pacemaker.

Key Players:

Some of the prominent players that are profiled by MRFR in the report on the global cardiovascular application market are Abbott (the U.S.), General Electric Company (the U.S.), Medtronic (Ireland), Boston Scientific Corporation (the U.S.), KONINKLIJKE PHILIPS N.V. (The Netherlands), Terumo (Japan), Stryker Corporation (the U.S.), Edwards Lifesciences (the U.S.), Allergan Inc. (the U.S.), Smith & Nephew plc (the U.K), CR Bard Inc. (the U.S.), Sonova Holdings (Switzerland), and Dragerwerk AG & Co. KGa (Germany)

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Global Trends on Cardiac Implant Devices Market- Demand, analysis and Forecast

 Cardiac Implants Market Overview

Cardiac implants are specifically designed to monitor irregular heartbeats in people with heart rhythm disorders. Such disorders are mainly caused by problems associated with the heart’s electrical system, which signals the heart to pump blood throughout the body. Devices comprise implantable cardioverter defibrillators, pacemakers, implantable hemodynamic monitoring, cardiac resynchronization therapy, and implantable heart rhythm monitors, which are also referred to as loop recorders. The global cardiac implants market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.82%, surpassing a valuation of USD 38,054.3 million during the forecast period (2019-2023).

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Cardiac implants are extensively used to treat myocardial ischemia, acute myocardial infarction, and arrhythmias. The increasing prevalence of geriatric population along with demographic changes across the globe are considered primary growth stimulants of the cardiac implants market. Surging regulatory approval for cardiac implants will encourage the adoption of cardiac implants across the globe. Healthcare organizations and hospitals indicate cardiovascular implants at risk of cardiac disorders to offer artificial control in patient’s heartbeat. The rising number of regulatory approvals for advanced and innovative cardiac implant devices will facilitate the Cardiac implants Devices market  in the foreseeable future.

The surging prevalence of cardiovascular diseases across the globe has led to increased adoption of cardiac implants. The rising focus on R&D is considered a key trend impacting the market positively. Vendors involved in cardiac implants are highly focusing on the development of innovative cardiac implants like dual-chamber leadless pacemaker and wireless endocardial pacing systems. Such developments will drive the market growth in the years to come.

On the contrary, infections related to implantable pacemakers in cardiac patients will remain a major restraining factor to the market growth across the globe.

Global Cardiac Implants Market: Segmental Analysis

The cardiac implants market has been segmented on the basis of device, indication, and end users.

By device, the market is segmented into prosthetic heart valve devices, coronary stents, and others.

By indication, the market is classified into heart failure, arrhythmias, and others.

Considering the end use segment, the market is segmented into cardiac care centers, hospitals, and others. Of these, the hospital segment is likely to gain prominence due to favorable reimbursement policies.

Cardiac Implants Market Regional Frontiers

Geographically, the cardiac implants market spans across America, Europe, Asia Pacific, and the Middle East & Africa.

Considering the global scenario, America is predicted to command the largest market share, mainly due to the soaring incidences of cardiac diseases, coupled with the increased adoption rate of cardiac implantable electronic devices in the region. Moreover, increased demand for the pacemaker, especially in North America will contribute to the market’s growth.

The market in Europe will experience considerable growth owing to increased funding from the government for, healthcare, coupled with the rising initiatives by the insurance companies for heart patients.

The Asia Pacific will expand at the fastest rate during the foreseeable future. The growth can be credited to the rising geriatric population, increasing popularity of medical tourism, and changing lifestyle of the population. Surging preferences for technologically advanced products for cardiac rhythm management and increased concerns regarding healthcare for stroke prevention will encourage the regional market’s growth.

Industry Updates

August 2019: The U.S. FDA has recently approved a heart implant, which offers therapeutic stimulation to the patients suffering from advanced heart failure. The device named the Barostim Neo System is a cardiac neuromodulator, which helps to stimulate the baroreceptors of patients not suited for heart failure treatments such as cardiac resynchronization therapy.

Competitive Dashboard

The top players operating in the cardiac implants market include Amg International (Germany), Abbott (US), B. Braun Melsungen AG (Germany), Edwards Lifesciences Corporation (US), Boston Scientific Corporation (US), Biotronik (US), Medtronic Plc (US), LivaNova PLC (UK), Terumo Corporation (Japan), and SynCardia Systems, Inc. (Arizona).

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Trends : Body Contouring Devices and Procedures Market have a wide range of applications in the medical care sector

Body Contouring Devices and Procedures Market  Top Key Players:

Some of the prominent players in the global body contouring devices and procedures market are Cynosure, Inc., Alma Lasers, Alleragan, Syneron Medical Ltd, Bausch Health Companies, Inc, Lumenis, Merz Pharma GmbH & Co., Palomar Medical Technologies Inc., Sound Surgical Technologies LLC., Zeltiq Aesthetics, Chromogenex Technologies LTD, UltraShape Ltd, Fotona, Misonix Inc., Medicis Pharmaceutical Corporation, Sientra Inc., Invasix Ltd, Erchonia Inc, Lutronic.

Market Highlights:

The Global Body Contouring Devices and Procedures Market  held a market value of USD 2,103 million in 2017 and is projected to grow at a CAGR of 6.6% over the forecast period.Body contouring is a altering the body part by improving the appearance. It involves the removal or transfer of fat to the body.  

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Due to increasing prevalence of obesity across the globe many of the companies are in the race to introduce better treatment for obesity. Companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market.

Additionally, the growing research and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, the high cost of urgery with advanced technologies may hamper the market growth during the assessment period.

Regional Analysis:

On regional basis, the Americas is anticipated to dominate the Global Body Contouring Devices and Procedures Market owing to the growing R&D budgets by both government as well as commercial pharmaceutical and biotechnological companies and increasing adoption of advanced technologies in the region.  Europe is expected to hold the second largest position in the global body contouring devices and procedures market owing to the presence of strong academic & research base and availability of funding for research in the European countries. Asia Pacific has served an opportunity for developing body contouring market in this region due to increasing demand for the better treatment and devices and increasing prevalence of disease like diabetes and obesity. The Middle East & Africa has the least share of the global body contouring devices and procedures market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.

Segmentation:

The global body contouring devices and procedures market has been segmented into type, procedure, and end user. By type, the market has been segmented into non-invasive & minimally invasive devices and invasive devices. The non-invasive & minimally invasive devices segment is estimated to hold major market share in the global body contouring devices and procedures market due to the huge investments by major market players for the development of advanced technologies and equipment.

Based on procedure, the market has been segmented into non-surgical skin resurfacing, non-surgical skin tightening, cellulite treatment, liposuction, and others. The market, by end user, has been segmented into hospitals & clinics, research institutes & Organization, and others.

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Table Of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
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Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
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Email: sales@marketresearchfuture.com

 

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Covid19 Impact on Neurovascular Devices Market Expected to Grow at 8.8%CAGR by 2023

 Global Neurovascular Devices Market Research Report: Product (Aneurysm Coiling & Embolization Devices, Support Device) Therapeutic Application (Hemorrhagic & Ischemic Strokes) End-User (Hospitals, Ambulatory Surgical Units) – Global Forecast Till 2023

Neurovascular devices are increasingly being used in for treating and management of neurovascular disorders such as arteriovenous malformations (AVMs) and brain aneurysm. As the global burden of neurovascular disorders continue to rise, the demand for their treatments gains further traction. Neurovascular disease are complex in nature and hence preference for minimally invasive procedures is higher. This, in turn, is driving the sales of neurovascular devices across the globe. Market Research Future (FRMR) is its latest report asserts that the global neurovascular devices Market will grow at a healthy rate over the next couple of years.

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Latest Industry Highlights:

• Perflow Medical, a renowned medical devices manufacturing company based in Israel, which is primarily engaged in developing novel solution for neurovascular interventions. Has recently announced that the company successfully approved a $12 Mn funding from its investors. Reportedly, the funding syndicate in included two new international investors with the existing stakeholders. 

• Junkosha a US-based company has recently introduced a unique peelable heat shrink. The technology will reportedly enable access to intricate parts of the vascular system with minimal risk of damage to the surroundings. 

Incessant product innovation, increased product marketing and favourable reimbursement policies are driving the global market for neurovascular devices. Other factors that are reflecting favourably on the market include expansion of the geriatric population, and advances in medical technology in the field of interventional neurology.  Moreover, neurovascular devices are also used in treating patients suffering for ischemic stroke or haemorrhagic. It has been observed that neurovascular device assisted interventional procedures are replacing the traditional neurosurgeries. Owing the low risk of damaging surrounding tissues and minimal surgical trauma, interventional procedure are more favoured as compared to neurosurgery. At the same time, chances of infection is significantly when neurovascular device based treatment. On the other hand, inadequate number of hilly skilled neurologist, particularly in developing countries expected to have a negative impact on the growth of the market. High cost of neurovascular devices continue to limit their user base despite their increased efficiency.

Global Market for Neurovascular Devices – Segmental Analysis 

MRFR in its report has offer comprehensive segmental analysis of the market based on therapeutic application, end-user and product. By therapeutic application, the market is bifurcated into ischemic strokes and hemorrhagic stroke. Based on end user, the market is segment into ambulatory surgical units and hospitals & clinics. By product type, the market is segmented into stenting systems, neurothrombectomy devices, cerebral balloon angioplasty, aneurysm coiling & embolization devices and support device. 

Regional Overview 

The Americas is expected to hold the dominant position in the global market for neurovascular devices. This is primarily attributed to the rising incidences of neurovascular disorders such as arteriovenous malformations (AVMs) and brain aneurysm across North and South America. In addition, presence of major players and rising healthcare spending among Americans is propelling the market in the region. Improved reimbursement scenario and rapid adoption of neurovascular devices in neurological centers across the region is also proving an impetus to the market. Asia Pacific and Europe are two other regions anticipated to present significant growth opportunities for market during the forecast period.

Global Market for Neurovascular Devices – Competitive Analysis

Leading companies operating in the global market for neurovascular devices include Medtronic, TERUMO CORPORATION, Merit Medical Systems, Inc., Penumbra, Inc., Evasc, Neuravi, Sensome, Delaware Corporation, Gynesonics, Stryker, Johnson & Johnson Services, Inc., Abbott, Medikit co., ltd., MicroPort Scientific Corporation, Rapid Medical, W. L. Gore & Associates, Inc., Blockade Medical, LLC., OxfordEndovascular, and Secant Group, LLC. A majority of these market participants are actively focusing on expanding market presence by engaging in merger & acquisition and reaching offshore distribution agreements with third party vendors. 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
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Magarpatta Road, Hadapsar,
Pune – 411028
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Covid19 Impact on Microdermabrasion Market is Determined to Grow at a CAGR of 3.4%by 2023

 Microdermabrasion Market Scenario

Microdermabrasion is a minimal invasive technique involving spraying of tiny crystal for removal of thicker and even outer layer of skin. The microdermabrasion treatment diminished fine lines, wrinkles, acne scars, reducing the appearance of superficial pigmentation and sun damage. This procedure helps in thickening of collagen which results in younger skin complexion.

According to the American Society of Plastic Surgeon in 2015, nearly 15.9 million surgical and minimally invasive procedures were carried out in United States. The increasing demand for non-invasive cosmetics procedures is key driver to upsurge the market growth. Moreover, there is growing demand for microdermabrasion devices owing to more awareness and consciousness in people about their looks. Attraction of the youth towards western lifestyle and extensive use of cosmetics for skin care accelerate the growth of the market. 

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Apart from this, advantages like quick recovery, less time consumption and better results boosts the market growth. Additionally, development of new technologically advanced devices, and increasing demand for cosmetics also influence the growth of the market. 

The availability of alternative treatments like vibraderm, exfoliating products, chemical peels, photo abrasion and laser resurfacing are major restraints in market growth.  On the other hand, factors such as high procedural costs and risks of side effects followed by increasing use of the lasers in dermatology will retrain the market growth during the 2017 to 2023. 

The global microdermabrasion market is approximate to reach USD 802.44 million by 2023 from USD 609.79 million in 2016 at a CAGR of 3.42% from 2017 to 2023.

Global Microdermabrasion Market –Competitive Landscape

The global microdermabrasion market is observed to be growing due to increasing developments by the prominent players in this market like Johnson & Johnson Services Inc., Procter & Gamble, Altair Instruments, Derma TX and other companies which boosts global microdermabrasion market. The key players in this market focuses on strategy to maintain its position in this market such as use of advanced technology for developing products, tie-ups with online portals and collaborations with other companies.

April, 2017 Johnson & Johnson announced tie-up with online portal aCommerce for selling company’s skincare product brands Neutrogena and Aveeno skincare. This collaboration helped the company to increase its skincare market in Philippines.

January, 2017 Derma TX Advanced skin care launched a microdermabrasion system for treatment of specific skincare issue. This launch aided rise in the company’s business in cosmeceutical skincare products.

March, 2014 Proctor & Gamble Beauty scientists offered insights into new ingredient formulation and effective skin care routines at 72nd Annual Meeting of the American Academy of Dermatology (AAD). Proctor & Gamble researchers showcased advanced studies in skincare technologies which included topics like cellular bioenergetics, anti-aging technologies, sensitive body wash efficiency and microdermabrasion systems.

Regional Analysis

The Americas is leading region in global microdermabrasion market owing to increasing prevalence of skin diseases such as acne, rising demands for outpatient and minimally invasive microdermabrasion procedures, and growing expenses on the cosmetics within this region.

The European region holds second largest market share in the global microdermabrasion market due to increasing incidence of skin related problems and increasing demand for anti-wrinkle and anti-aging treatments. Additionally, growing awareness about use of advanced technologies for skincare and rising healthcare expenditure facilities boosts the market growth in this region.

The Asia Pacific is the fastest growing market due to increased consumer awareness about aesthetic skin care treatment and growing demand for minimally invasive procedures and the growing prevalence of dermal conditions fuels the market growth in this region. Further, increasing prevalence and growing incidence of conditions of hyperpigmentation, stretch marks, and others fuels the market growth in this region.

The Middle East and Africa is the least growing market due to lack of awareness about microdermabrasion procedure and presence of poor countries especially in African region. The Middle East dominates the market in this region owing to huge healthcare expenditure and developed healthcare sector. Additionally, the presence of developed countries like Kuwait, Qatar and Saudi Arabia boosts the microdermabrasion market in this region.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Akash Anand
Market Research Future
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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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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Akash Anand

Market Research Future

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